BNP Paribas Germany News & Press
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February 17, 2010 -

Finanzmonitor 2009: Top rankings for Cortal Consors

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Cortal Consors, the direct bank specialised in online brokerage and personal savings, achieved top results with Finanzmonitor 2009 the representative survey carried out yearly among the so-called financial decision-makers of German households. In the category Innovative Force, Cortal Consors was ranked number one amongst 15 competitors. 95% of the Cortal Consors customers who were interviewed said that the bank is innovative, 80% basically trust in banks, which is also the top position in this category.

Transparency, trust and independence in advice services: Against the background of the financial crisis, these criteria topped the list of priorities in the research survey conducted by the market research agency puls throughout Germany in August und September 2009, which covered 1,000 German households. “It is all the more pleasing to note that people judged us to have particularly high competence precisely in these areas. The fundamental trust of our customers in banks is higher compared to customers of other banks and no one of our customers answered that they don’t trust us – which is again a consequence of our transparency offensive and our uncompromising independence in investment recommendations”, declares Kai Friedrich, Deputy CEO of Cortal Consors Deutschland. This appraisal is also supported by another aspect of the Finanzmonitor 2009 survey, according to which 37 percent of customers consider Cortal Consors to be significantly less affected by the banking crisis than other banks – in fact, not one of those surveyed considered Cortal Consors to be more seriously affected than other banks.

As the best online bank in the category Sympathy, Cortal Consors achieved the second highest place as well as in the Image category in Finanzmonitor 2009. “This result was also helped by the good availability of our customer consultants, and in this area we are well ahead of our competitors in the current survey”, emphasised Kai Friedrich.

Recipe for success: Friendly, reliable and innovative
Particularly after the difficult experience of the crisis in the financial markets, customers consider a transparent, independent advice to be absolutely indispensable. Finanzmonitor 2009 shows, according to Cortal Consors Deputy CEO Friedrich that confidence-building measures and open and transparent communication are always highly appreciated by customers.

About Cortal Consors
Cortal Consors (www.cortalconsors.de), a company of BNP Paribas, is the leading European broker in personal investing and online trading. It offers a complete range of products and investment services through various distribution channels to more than one million customers. Within the Investment Solutions division, Cortal Consors, present in Germany, France and Spain, is a part of BNP Paribas Personal Investors business line, along with B*capital, an investment company, Geojit BNP Paribas, one of the leading brokers on the Indian market, and BNP Paribas Personal Investors in Luxembourg and Singapore.

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor’s. With a presence in 85 countries and more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
* Within its peer group