Banking & Finance

With a vision to extend GMH's activities into the banking sector Compagnie Internationale de Participations Bancaires en Financières SA, Cipaf was establised in 1982 as a Luxumbourgish subsidiary company. Soon the Paribas Group joined forces with Cipaf and acquired Banque Continentale du Luxembourg and a significant stake in Banque Paribas Luxembourg. The Group has since divested its interests in these two banks.

The group's other interests in the banking and finance sector include participation in the Grand Cayman based private investment company and in Jordan's Union Bank for Savings and Investment, Jordan Bank and Jordan Kuwaiti Bank. Through subsidiaries in the UK, the group is engaged in asset funding and other commercial finance activities. Additionally, the group is also active in the capital and bond markets trading in the international financial markets and exchanges notably in London, New York, Paris and Frankfurt.

GMH's objectives are to continue to strengthen its presence in the Banking and Finance sectors with organic growth and acquisitions.