In order to formally consolidate and reinforce its longstanding engagement to development of corporate philanthropy programs in the country, BNP Paribas Bulgaria has launched a local foundation. The Foundation BNP Paribas Bulgaria was created in close cooperation with the BNP Paribas Foundation – the corner stone of the Group’s philanthropy initiatives for the past 25 years. The newly established entity will structure BNP Paribas’ projects in Bulgaria and strengthen current programs such as the Soup Kitchen – a charitable undertaking of BNP Paribas and Sofia Municipality which has been successfully helping disadvantaged people by providing warm meals during the cold winter months since 2002.
The Soup Kitchen Project, initiated by BNP Paribas S.A. – Sofia Branch’s employees, entered into its new season on December 1st, 2010 and will continue until March 31st, 2011. During the coming winter, 1,350 disadvantaged citizens of Sofia will benefit from a warm meal. In addition, 3 soup kitchen centers opened in the city of Varna, serving another 400 people. The charitable project is financed through the monthly donations of each employee of BNP Paribas Bulgaria, which are doubled by the Bank, and with the support of many partners.
The Soup Kitchen initiative is a remarkable success: the current total number of 1,750 meals per day over the entire winter period is 10 times bigger than at the beginning of the project. Numerous letters show the gratitude of the supported citizens and prove that BNP Paribas, Sofia Municipality, and large sponsors like International Women’s Club Sofia and many other partners together took the right direction. The project’s importance was also acknowledged by the Bulgarian business community: in November 2006, the Bulgarian Business Leaders Forum awarded the Project Soup Kitchen a first prize in the category “Investor in Community” on the Annual Responsible Business Awards. In June 2009, the project received the BNP Paribas Innov@action award for Corporate Social Responsibility.
The aim of the newly created Foundation is to contribute to Bulgaria’s social and cultural development through such strong and long-term partnerships not only in the area of social inclusion, but also to expand to the fields of education, culture and environment.
BNP Paribas S.A. - Sofia Branch is a commercial and investment bank in Bulgaria. It serves large and medium-sized corporate and institutional clients, spanning the major sectors in the economy. They benefit from a full range of commercial and investment bank services as well as from customer-tailored financial solutions with strong advisory components. BNP Paribas has been present in Bulgaria since 1994. It is also present on the Bulgarian market with its life and credit insurance activities through “Cardif Bulgaria.” Apart from this, BNP Paribas Personal Finance is the leading consumer crediting company in Bulgaria.
BNP Paribas S.A. – Sofia Branch
Foundation BNP Paribas Bulgaria
Tel.: +359 2 888458555
About BNP Paribas
BNP Paribas is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's, i.e. 3rd rating level on a scale of 22.