BNP Paribas SA $BNP.PA, France’s largest listed bank, is launching a major overhaul of its domestic retail operations. CEO Jean-Laurent Bonnafé is spearheading a plan to reduce the physical branch footprint in response to long-term structural inefficiencies and the accelerated shift toward digital banking. The first wave of this transformation includes the closure of approximately 80 retail branches in 2025, followed by an additional 120 closures in 2026. Over the longer term, BNP aims to shrink its physical network significantly while strengthening its digital and remote banking capabilities.