The BNP Paribas Group in Luxembourg has held the fourth annual Innovation Awards, an initiative part of the BNP Paribas “Spirit of Innovation” programme aimed at promoting and capitalising on innovation in all its forms. The competition recognises innovative projects that have actually been implemented and that offer something new and useful to clients.

In the 2014 competition, which was open to all the Group’s employees in Luxembourg, projects were entered in the fields of Customer Relations, the Internet, Communication, Corporate Social Responsibility and Human Resources.

Five projects out of the 40 submitted received prizes. The prizewinners of the five teams were honoured at a ceremony held on 16 September at the BGL BNP Paribas headquarters in the presence of the Group’s senior management in Luxembourg.

Speaking at the awards ceremony, Carlo Thill, Chairman of the Management Board of BGL BNP Paribas and Country Head, pointed on the importance of innovation, noting that it is in the DNA of the BNP Paribas Group in Luxembourg, as witnessed by the growing number of entries in the Innovation Awards competition and the organisation of the first “Innovation Village”, an event recently held at the bank for the Group’s 4,000 employees in Luxembourg.

Carlo Thill added that “today’s innovations have different characteristics than those from yesterday. New technologies are transforming our clients’ expectations. To remain competitive, we must anticipate their needs by continuing to innovate”.