BNP Paribas' Nickel eyes European push though small shops

By Reuters • Updated: 09/12/2019

FILE PHOTO: The BNP Paribas logo is seen outside a bank office in Bordeaux, France, October 29, 2019. REUTERS/Regis Duvignau - Copyright REGIS DUVIGNAU(Reuters)

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PARIS (Reuters) – BNP Paribas <BNPP.PA>‘s Nickel bank, which sells debit cards and current accounts at tobacconist networks in France, plans to launch in Spain across lottery shops next year as part of a strategy to expand in Europe by 2024.

It is also seeking to increase the number of clients in France to 4 million by end-2024 from 1.5 million currently.

Nickel accounts are available at more than 5,000 tobacconists in France, as the bank seeks to lure people who may be unable to open a traditional bank account.

Nickel said that apart from Spain, it is looking at expanding in Portugal, Belgium, Italy and Austria.

(Reporting by Maya Nikolaeva; Editing by Sarah White)

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