SRP looked at the annual reports and outstanding volumes for the Luxembourg, Netherlands and Germany domiciled issuance vehicles of BNP Paribas in 2025.

BNP Paribas Fortis Funding BNP Paribas Fortis Funding (BP2F), the Luxembourg issuance vehicle owned by BNP Paribas Fortis (BNPPF), issued 35 securities worth €2.2 billion (US$2.6 billion) in 2025 – an increase of more than 50% by sales volume compared to the €1.5 billion raised from 19 securities sold in the previous year, according to the company’s annual report. The figure, which includes sales to retail investors in Belgium and Luxembourg, was linked to fixed interest