Annual report 2019

BNP Paribas Solutions Spółka z o.o.

BNP Paribas Solutions Sp. z o.o. (the „Company”) has been operating since 9 July 2014 (date of entry into the National Court Register).

As a result of the acquisition of the Core Business of Raiffeisen Bank Polska S.A. on 31 October 2018, it became a part of BNP Paribas Bank Polska S.A. Group. The Company is the owner of the internet currency exchange platform – Rkantor, which is one of the main sources of income. The client is able to exchange currencies and make money transfers, by logging into his register. All activities are performed by the client in the system.

BNP Paribas Solutions Sp. z o.o. has the status of a National Payment Institution (based on a permit issued by the Polish Financial Supervision Authority (KNF) on 22 September 2015), which authorizes it to keep payment registers and carry out interbank transfers by customers.

The subject of the Company's activity

The subject of the Company’s activity is mainly brokerage activities related to the securities market and commodity exchanges, including currency exchange. In addition, the Company conducts activities related to software, IT consulting, data processing, website management (hosting) and activities supporting financial services (excluding insurance and pension funds), as well as activities of insurance agents and brokers.

Currently, the primary objective of BNP Paribas Solutions Sp. z o.o. is to provide individual and institutional customers with the widest possible range of currency exchange and funds transfer products via online platform with the highest level of security and speed, combined with low transaction costs.

In addition, the Company carries out the following projects for the Bank:

  • building an Internet trading platform for currency exchange (New FX Pl@net),
  • support for the „#Korzystaj” (#Use) shopping program available in the Bank’s electronic access channels,
  • application for the Treasury sales network supporting the sale of foreign currency products and financial instruments (Kalejdoskop Walut – Currency Kaleidoscope),
  • MIFID questionnaire for customers of all the Bank’s business lines (SONDA).
Basic financial data of BNP Paribas Solutions Sp. z o.o.
PLN ‘000 31.12.2019 31.12.2018
Balance sheet total 74,419 76,442
Short-term investments 69,701 74,211
Equity 2,989 3,638
  including: net financial result (660) (772)

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