Did a little fact finding with regards to BNP Paribas with regards to World bank with Tier1 ranking 2016.
Found this first
Chinese and US banks dominate Top 10 World Ranking
http://aboutus.ft.com/2016/06/29/chinese-and-us-banks-dominate-top-10-world-ranking/#axzz4WFcHr77m
A report from 29 June 2016 has this sentence "French banks remain competitive, with Credit Agricole staying in 11th place and BNP Paribas in 12th. French bank profits grew by 30% while both UK and German banks lost ground".
and from looking at top banks in the world 2016 as at 30/6/2016
TOP 100 BANK IN THE WORLD
http://www.relbanks.com/worlds-top-banks/assets
Not discripted as Tier1 but is in the top eight here.
My opinion is this bank is high ranking and very credible, would think the board and GXY team given the position we are in today (which is a far cry from a few months ago) the facility would be on better terms than the original short term loan.
Thanks
Fish
Galaxy... GXY... Chart..., page-1853
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