SECOND QUARTER 2012 RESUULTScdn-actus.bnpparibas.com/files/archives/wcorporate/wCorporate/w... ·...
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RESULTS
aribas repother slowdtion plan in the target tBasel 3 (fu
ed, 6 months
ues were 1ues were uin CIB give
e adaptation
ng expensecosts to the
operating in
oup’s cost ocompared tnce programes the quali
operating iond quarter
to the decin a challe
econd quar
first half oues totalled ar the negaerating divis
ng expenseo 6,800 milfor the oper
8 million eus the 534 m
on equity tied by BNP Pang 100% of P
ectors of Bd the Board
S IN A CHA
rted good pown of Euresponse
to improve tully loadeds ahead of
10,098 milp in Retailn the challe
n plan.
es, which toe new envir
come thus
of risk, at 85to the secomme in the ity of the po
ncome, whr 2011.
line in opernging envirrter 2011.
of the year 19,984 m
ative 557 msions’ reven
es edged dolion euros,
rating divisio
uros, the cmillion euro
r 1 ratio takin
aribas. Private Bank
NP Paribasexamined t
ALLENGIN
performanceurope’s ecoto new regthe commo1) ratio at schedule.
lion euros,Banking (
enging mar
otalled 6,337ronment. CI
declined 14
53 million eund quarter second qua
ortfolio and t
ich came to
rating expenronment, a
as a wholillion euros
million euro nues thus co
own 1.1%, down 27.2
ons.
ost of risk o impact of
ng into accou
king in domes
s met on 1the Group’s
NG ECON
es this quaonomic actgulations isn equity Tie8.9%, the
, down 8.0(+0.5%2) anrket environ
7 million euIB’s operat
4.1%, to 3,7
uros, or 50 2011. Excluarter 2011, the good co
o 2,908 mill
nses and thnet income
e, the Gros, down 11.
impact of tontracted o
to 13,184 m2% compare
was down the Greek
unt all the CR
stic networks
st August 2s results for
NOMIC ENV
rter despitetivity and aalmost ach
er 1 ratio by9% target
0% compand in Invesnment and t
ros, were ding expens
761 million e
basis pointuding the 5it was up 4
ontrol of the
ion euros, e
he good con of 1,848 m
up demons.8% compathe own denly 5.2%.
million euroed to the fir
20.8% comassistance
RD4 rules wi
s, excluding
SEC
2012. The the second
VIRONME
e a challenga new marhieved and y 100bp waby 31 Dec
red to thestment Soluthe reductio
own 4.0% tes fell 15.7
euros.
ts of outstan534 million e.5%, remai
e Group’s ris
edged down
ntrol of its cmillion euros
strated that ared to the bt revaluati
s, such tharst half 201
mpared to te programm
th no transito
PEL/CEL eff
COND QUARTE
meeting wd quarter 20
ENT
ging environrket crisis. well ahead
as already acember 20
e second qutions (+2.2on of outsta
thanks to ac7%, excludi
nding custoeuro impacning at a losks.
n only 4.0%
cost of risk,s, down 13.
its results first half 2
ion in the f
at gross ope1. This dec
the first halme in the s
ory provision
fects.
ER 2012 RESU
as chaired 012.
nment markThe Grou
d of scheduattained. Th12 is virtua
quarter 202%) but doandings in l
ctions takening adaptat
mer loans, t of the Gre
ow level, wh
% compared
, BNP Parib2% compa
held up w2011, givenfirst half 20
erating incocline was o
lf 2011, whecond quar
n and as
LTS
2 –
by
ked up’s ule: us, ally
11. own ine
n to tion
fell eek hich
d to
bas red
well. n in 12.
me only
hich rter
Given tstake in4,715 mperiod aexceptio€59.5, o
RETAI DOMES Domestgrowth DomestDespite2011. Revenucompardown 1four dom Given aDomesteuros, othanks t French FRB coloans gbusines10 new additiongrew 2.accountgrowth o
1 For wh2 Not rev3 IncludinBelgium 4 At cons5 Exclud
he 1,790 mn Klépierre million eurosa year earonal incomor a compou
L BANKIN
STIC MAR
tic Marketstrend of detic Markets
e a slowdow
ues3, which red to the s.2%4 compamestic mark
a moderate tic Marketsor +0.3%4 cto results m
Retail Ban
ontinued to rew 3.3% c
ss and corpoSmall Bus
n, 5 billion e1% comparts (+8.7%). of the numb
ich the annu
valuated ng 100% of Pand Luxemb
stant scope aing PEL/CEL
million euroSA in the fis for the firslier. Annuae from the unded annu
NG
RKETS
’ commerciposits in all’ deposits wn in dema
totalled 3,second quaared to the kets.
cost of risk to the Invcompared t
maintained a
nking (FRB
actively supcompared toorate loans
siness Centeuros in nered to the sSales of pr
ber of polici
ualisation has
Private Bankbourg and exchangL effects
s of exceptrst quarter
st half of thialised return
sale of Klual growth r
al businessl the networposted 2.8%and, outsta
,961 millionarter 20114
second qu
k, and after vestment Sto the seco
at a high lev
B)
pport its cuso the secon. The specires in the f
ew loans wesecond quarotection inses sold com
s been restat
king of the do
ge rates
tional incomof this yearis year, almn1 on equitlépierre, warate of 6.8%
*
* *
s this quartrks. At 273 % growth c
anding loans
n euros in despite lo
arter 2011,
r allocating olutions divond quartervel in each o
stomers. Amnd quarter 2ial support tfirst half 201ere earmar
arter 2011, isurance rosmpared to th
ted for own d
omestic mark
me bookedr, net incom
most unchanty for the fas 9.0%. T
% since 31 D
*
ter was mabillion euro
compared ts rose 1.7%
the secondwer financi producing
one-third ofvision, pre-r 2011. Thiof the dome
midst a slow2011, drivento VSEs & 12 and the ked for smin particularse sharply inhe same pe
debt revaluat
kets in Franc
SEC
after the Gme attributabnged (-0.6%irst half of
The net booDecember 2
arked in paos in the secto the sam% compare
d quarter oal fees. Opa positive j
f Private Batax incomes good per
estic market
wdown in thn in particulSMEs contilaunch of Sall businessr thanks to n the first haeriod a year
tion
ce (excluding
COND QUARTE
Group’s sable to equit
%) comparethis year,
ok value pe2008.
articular by cond quartee quarter a
ed to the se
of this yearperating exjaws effect
anking’s nee5 came to rformance ts.
he economlar by the ginued with tSME Innovases and SMstrong growalf of the yer earlier.
g PEL/CEL e
ER 2012 RESU
le of a 28.7ty holders w
ed to the saexcluding
er share2 w
the continuer of this yea year earlecond quar
r, were staxpenses3 wein each of
et income fr1,070 mill
was achiev
y, outstandrowth in smthe openingation HubsMEs. Deposwth of savinear with 17.0
ffects), Italy,
LTS
3 –
7% was me the
was
ued ear, ier. rter
able ere the
rom ion
ved
ing mall g of . In sits ngs 0%
Revenu2.5% inby the 5 The 1.6streamlincome1
The cosa mode Thus, adivisionquarter For the first halmore threductiocost/incpermitteInvestmsame pe BNL ba In a chdepositsOutstandevelopagricultu Revenu2011. Tmarginsnew loa Thanks the secincome3 The cosoutstandNeverthSolutionsecond
1 Exclud2 Excludi3 With 10
ues1 totalledncrease in n5.4% declin
6% drop inining of op1 of 0.6% co
st of risk1, arate level.
fter allocati, FRB pos2011.
first half off 2011, the
han offset byon in operatcome ratio1 ed FRB to
ment Solutioeriod last ye
anca comm
allenging es compared
nding loanspment agreeural profess
ues3, which The rise in ns holding upans, and of f
to measurcond quarte3 of 369 mi
st of risk3 rding custo
heless, aftens division, quarter 201
ing PEL/CELing PEL/CEL00% of Italia
d 1,770 milnet interest e in fees, in
n operating perating effompared to
at 85 million
ng one-thirdted 558 m
f the year ae 2.7% increy the 4.5% ting expensimproved
post, after ons divisionear.
merciale (BN
economic ed to the secs edged doements wesional organ
amounted net interest p well, was gfinancial fee
res to streaer 2011, atllion euros,
rose as a reomer loansr allocatingBNL bc’s in11.
L effects, witL effects n Private Ba
llion euros, income, in
n connection
expenses1
ficiency, enthe same q
euros, or 2
d of Frenchillion euros
as a whole, ease in netdecline in f
ses1 resulte0.6pt to 6allocating
, a pre-tax
NL bc)
environmentcond quartewn 1.9% d
ere entered nisations.
to 813 milliincome, in greater thanes as a resu
amline costst 444 millioup 7.0% co
esult of the , or +34 one-third o
ncome held
h 100% of F
nking
down 0.8%line with th
n with falling
1 comparednabled FRBquarter a ye
22 basis poi
h Private Bas in pre-tax
revenues1
t interest infees in coned in a 1.3%1.1%. Mainone-third oincome2 of
t, BNL bc’sr 2011, drivdue to less
into this q
ion euros, wparticular fn the declinult of falling
s, operatingon euros, eompared to
challengingmillion eurof Italian P up well, at
rench Private
% comparehe rise in vog financial m
d to the seB to generaear earlier.
ints of outst
anking’s netx income2,
edged dowcome in linnection with% increase ntaining theof French P
1,163 milli
s commerciven by corposer demanduarter with
were up 2.0rom small b
ne in fees dumarkets.
g expensesenabling BNthe same p
g economicros comparivate Bank132 million
e Banking
SEC
ed to the seolumes, wasmarkets.
econd quarate an incr
tanding cus
t income to up 0.9% c
wn slightly be with the
h falling finain gross op
e cost of riPrivate Banon euros, u
al businessorate clients
d in line wiseveral ind
0% comparbusiness anue, in partic
s3 were lowNL bc to gperiod a yea
c environmered to theking’s net inn euros, dow
COND QUARTE
econd quars in fact mo
rter 2011, rease in gr
stomer loans
the Investmcompared t
by 0.3% cogrowth in v
ancial markperating incisk1 at a mking’s net
up 1.2% co
s saw a 2.s and local ith the mardustrial, co
red to the snd corporatecular, to the
wer by 1.8%generate grar earlier.
ent to 112 be second qncome to thwn 8.3% co
ER 2012 RESU
rter 2011. Tore than off
thanks to ross operat
s, remained
ment Solutioto the seco
mpared to volumes bekets. The 1.2come1 and moderate leincome to mpared to
.8% growthgovernmen
rket. Busineommercial a
econd quare loans due contraction
% comparedross operat
basis pointsquarter 20he Investm
ompared to
LTS
4 –
The fset
the ting
d at
ons ond
the eing 2% the
evel the the
h in nts. ess and
rter e to n of
d to ting
s of 11. ent the
For the 2011 waand corfees as 2011 ge54.4%. pre-tax Solutionresilient Belgian BRB cosecond 2.3%2 dwas alsthe iPho Revenugrowth despite environ Operatioperatin The cosdown 1Belgianrose sig For the income customeexpensecost/inchalf 201income,Solution(+19.8% Luxembthe secalso ststrengthdevelop
1 With 102 At cons3 With 10
first half ofas driven byrporate clien a result ofenerating aGiven the income, aft
ns division, t performan
n Retail Ba
ontinued to quarter 20
due, in partiso reflected one/iPad.
ues3 totalledin net intera moderat
ment.
ng expenseng income3
st of risk3, a2 million e Private Ba
gnificantly to
first half ofdriven by
ers. Thankses3 grew b
come ratio3 11. Given th, after allons division, %).
bourg Retacond quartetrong (+9.3hened with pment of do
00% of Italiastant scope 00% of Belgi
f the year ay a 6.1% innts, whilst ff falling maa positive 314.0% increter allocatincame to 28
nce despite
nking
actively fin011 thanks icular, to grin the dev
d 837 millioest incomee contractio
es3, at 612to 225 milli
at 19 basis uros compa
anking’s neto 174 million
f the year ahigher vol
s to the poby only 0.2%
to 71.9%. he 4.0% risecating onewas 375 m
ail Bankinger 2011, esp3%), drivethe launchmestic Priv
n Private Ba
an Private B
as a wholecrease in nfees fell by rkets. Oper3.2pt jaws ease of theng one-third82 million euthe challeng
nance the Bto a good
rowth in curelopment o
n euros, upas a result
on of fees,
2 million euon euros, u
points of oared to thet income ton euros, up
s a whole, umes and ositive impa%2 helping Thus, grosse in the cos-third of Bmillion euro
g: outstandipecially in tn by curr
h of the "1 ate Banking
nking
Banking
, the 2.1% net interest i
5.3% due trating expeeffect, whi cost of risk
d of Italian Puros, down ging econo
Belgian ecodrive in loa
rrent and saof new prod
p 4.2%2 comt of increasespecially
uros, edgedup 14.0%2 c
utstanding e second quo the Investp +34.9% co
revenues3 idespite the
act of meato produce
s operatingst of risk3, welgian Priv
os, a signifi
ing loans ethe corpora
rent accoubillion for c
g.
growth in rincome, in pto fewer nenses1 droppch further k1 comparePrivate Ban4.7% compmic environ
onomy. Loaans to indivavings accoducts with th
mpared to tsing volumefinancial fe
d up only 1compared to
customer louarter 2011tment Solutompared to
increased be contractiosures to fo
e a positiveg income3 rwhich still revate Bankinicant increa
njoyed signate customent depositcorporates
SEC
revenues1 cparticular on
ew loans anped 1.1% cimproved t
ed to the saking’s net i
pared to thenment.
ns grew byvidual custoount deposihe launch o
he second es and marges, due to
.0%2, enabo the second
oans, rema. Thus, afteions divisiothe second
by 3.3%2 duon of finanoster operat 3pt jaws eose by 12.1
emained at ng’s net incase compar
nificant grower segments. The coin Luxemb
COND QUARTE
compared tn loans to s
nd a decreacompared tthe cost/inc
ame period income to te first half 2
y 4.0%2 comomers. Depits. The comof Easy Ba
quarter 20gins holdingthe unfavo
bling BRB td quarter 20
ined at a mter allocatinon, BRB’s pd quarter 20
ue to a rise ncial fees frting efficieneffect and t1%2 compaa moderatecome to thred to the f
wth (+4.5%t. Growth oommercial bourg" camp
ER 2012 RESU
o the first hsmall businease in financo the first hcome ratio1
a year earlhe Investm011, reflect
mpared to posits rose mmercial drnking offer
11, due to g up well, a
ourable mar
to push gro011.
moderate levng one-thirdpre-tax inco11.
in net interrom individncy, operato improve red to the f
e level, pre-he Investmfirst half 20
) comparedof deposit w
offering wpaign and
LTS
5 –
half ess cial half to ier, ent ting
the by
rive for
the and rket
oss
vel, d of me
rest ual ting the first -tax ent 011
d to was was the
Person2011, ngrowth busines Arval: tWhile ADecembsecond Leasingwith theLeasing In total,InvestmMarkets For the Bankingaggregafirst half
1 At cons
al Investonet asset in
over this sss which wa
the financedArval’s revenber 2011, tquarter 201
g Solutione adaptatiog Solutions’
, after allocment Solutios’ pre-tax in
first half ofg’s net incoate 425 milf 2011.
stant scope a
rs: assets nflows beingsame perio
as affected b
d fleet grewnues were rhey were, 11.
s: outstandon plan. Ho
revenues,
cating one-tons division,come, dow
f the year ame to the Inlion euros t
and exchang
under mang offset by od (+12.0%by clients tu
w 1.9%, comreduced thisat constant
dings declinowever, thedue to a se
third of dom, these fourn 13.1%1 co
as a whole, nvestment Sto Domestic
ge rates
nagement wa negative
%). Howeveurning away
mpared to s quarter byt scope and
ned 10.3% e decline inelective polic
mestic Luxer business uompared to
after allocaSolutions dc Markets’
* * *
were stablee performaner, revenuey from the fi
the secondy the sale od exchange
compared n outstandincy in terms
embourg Punits contrib
o the second
ating one-thivision, thespre-tax inc
*
SEC
e comparednce effect. s were donancial mar
d quarter 20of the fuel cae rates, up
to the secongs had a of the profit
Private Bankbuted 206 md quarter 20
ird of domese four busome, down
COND QUARTE
d to the seDeposits s
own due torkets.
011, to 689ard businesslightly com
ond quartemore limite
tability of tra
king’s net imillion euro011.
estic Luxemsiness units n 9.9%1 com
ER 2012 RESU
econd quarsaw significo a brokera
9,000 vehiclss in the UKmpared to
er 2011 in led impact, ansactions.
income to os to Domes
mbourg Privcontributed
mpared to
LTS
6 –
rter ant
age
es. K in the
ine on
the stic
ate d in the
Europe Europe-comparLoans gdecline Revenu(+38.0%Ukraine Operatiorganisain Moroits cost/ At 45 mquarter.sharply For the and in comme10.1%1 million e BancW BancWesecond 3.3%1 d(+13.6%marketi Revenunegativeeffect of Operatidevelopcorpora The cos30 millio BancWequarter For theregulato
1 At cons
e-Mediterra
-Mediterranred to the segrew 4.8%1 in the Ukra
ues grew to%1) and dese, revenue g
ng expenseation in the cco. In Turk/income rati
million euros. Europe-Mcompared
first half ofthe Meditercial organifall in the c
euros, incre
West
est enjoyedquarter 20
during the %1) and theng drive wa
ues were doe impact of f the rise in
ng expensepment of theate and sma
st of risk coon euro dro
est thus po2011, there
e first half ory changes
stant scope a
anean
nean continuecond quartduring this
aine (-29.3%
o 448 milliospite a decligrowth was
es moved u Mediterrankey, with a io, which fe
s, the cost oMediterranea
to the seco
f the year arranean. Oisation in thcost of risk
eased signif
d a good s011, driven
same perie effect of as also refle
own, howevregulatory volumes be
es grew bye Private B
all business
ontinued its p compared
osted 232 meby making
of the yeas on fees.
and exchang
ued to enjoyter 2011 an
s period, wit%1).
on euros, upne of reven16.4%1.
up 4.2%1 dnean with thlimited 5.5%ll to 68.0%.
of risk was an thus posnd quarter 2
s a whole,Operating exhe Mediterrcompared
ficantly (+55
sales and by strong
iod, benefitbusiness i
ected in a sh
ver, 1.8%1
changes oneing offset b
y 1.9%1 coBanking orga
customers.
downward d to the sec
million euroa strong an
r as a whoOperating
ge rates
y a good sand were up ith in particu
p 9.3%1 dunues in the
due in part he opening %1 rise in o
74 basis psted 82 mi2011 (+52.7
revenues rxpenses grranean, resto the first
5.1%1).
marketing growth in
ting from tinvestmentsharp rise in
compared n fees. Exclby lower int
ompared toanisation a.
trend to 32cond quarte
os in pre-tand growing
ole, revenuexpenses m
ales and main most couular good pe
ue in particUkraine in l
to the contof 53 new bperating ex
oints of outllion euros 7%1).
ose 4.7%1, rew by 4.2%ulting in a half 2011,
drive. Depocurrent andthe continus in the SMMobile Ban
to the secouding this iterest rates
o the sames well as th
2 basis poinr 2011.
ax income, contribution
ues edged moved up 3
SEC
arketing drivntries, espeerformance
ular to the ine with out
tinued bolsbranches inxpenses, TE
tstanding cuin pre-tax
due to goo%1 due to 75.6% costpre-tax inco
osits grew d savings aed good tME segmenking servic
ond quartermpact, reve.
quarter a he expansio
nts of outsta
up 9.6%1 cn to the Gro
down 0.8%3.1%1 due
COND QUARTE
ve. Depositecially Turk
e in Turkey
strong grotstandings.
stering of thn the past yeEB substant
ustomer loaincome th
od performathe reinforct/income ra
come, which
8.3%1 comaccounts. Ltrend of cont. The go
ces.
r 2011 as aenues were
year earlieon of the sa
anding cust
compared toup’s results
%1 due to to the inve
ER 2012 RESU
ts rose 13.9ey (+41.5%and continu
wth in TurkExcluding
he commercear, especiatially improv
ans, down tis quarter,
ance in Turkcement of atio. Given h came to 1
mpared to Loans rose orporate loaood sales a
a result of up 0.1%1,
er due to ales forces
tomer loans
to the secos.
the impactestment in
LTS
7 –
9%1 %1). ued
key the
cial ally ved
this up
key the the
108
the by
ans and
the the
the for
s, a
ond
t of the
Private ratio watax inco Person Consumgood grand Rulending,outstandnew reg1,244 m Operatieuros, quarter effect. The costo impro Thus, Pto the sgenerat For the result inadaptata 48.0%2011, p
1 At cons
Banking oras thus up 2ome came to
al Finance
mer loan ourowth in Geussia but w, the impledings, com
gulations onmillion euros
ng expensebenefiting f(17 million
st of risk, at ove and was
Personal Finsecond quation capacity
first half of n particular tion costs (4% cost/incomre-tax incom
stant scope a
rganisation 2 points, at o 438 millio
e
utstandings ermany (as were down ementation pared to th
n margins ps.
es declinedfrom the e
n euros), th
374 millions down 32 m
nance’s prerter 2011. Iy.
f the year asof new reg
47 million eme ratio. Gme was 592
and exchang
and in sma57.1%. Giv
on euros, up
grew 0.8%a result of in France of the Bas
he first quarushed reve
d 3.4% comeffect of thehe decline w
n euros, or 1million euro
-tax incomeIn a challen
s a whole, rgulations in uros). Exclu
Given the 162 million eur
ge rates
all businessven a substp 10.2%1 co
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etail
king
Investm
Solutio
6,097 1
-0.4% +-0.5% +
-3,679 -1
+0.3% +
-0.3% +
2,418-1.4% +-0.8% +
-833-4.1% -8
+0.7% -7
1,585+0.1% +-1.6% +
47
4
1,636+0.7% --2.0% +
etail
king
Investm
Solutio
6,097 1
6,122
6,127
-3,679 -1
-3,669 -
-3,690 -
2,418
2,453
2,437
-833
-869
-827
1,585
1,584
1,610
47
33
55
4
7
5
1,636
1,624
1,670
0
0
1,636
ment
ons
CIB
1,566 2,23
+2.2% -23.6+3.0% -28.5
,068 -1,39
+2.8% -13.4
+2.4% -26.2
498 83+0.8% -36.3+4.2% -32.2
-3 -84.2% n72.7% -75.6
495 81+4.2% -38.8+6.0% -29.3
35
1
531 82-0.4% -40.+9.9% -29.6
ment
ons
CIB
1,566 2,23
1,533 2,92
1,521 3,1
,068 -1,39
1,039 -1,6
1,043 -1,89
498 83
494 1,30
478 1,22
-3 -
-19 2
-11 -7
495 81
475 1,33
467 1,1
35
-8
9
1
66 2
7
531 82
533 1,37
483 1,16
0
0
531 82
SEC
Operating
Divisions
30 9,893
6% -6.4%5% -8.1%
97 -6,144
4% -2.8%
2% -7.3%
33 3,7493% -11.9%2% -9.5%
19 -855.s. -1.2%
6% -6.7%
14 2,8948% -14.6%3% -10.3%
6 88
1 6
21 2,9881% -15.3%6% -10.0%
Operating
Divisions
30 9,893
20 10,575
121 10,769
97 -6,144
613 -6,321
92 -6,625
33 3,749
07 4,254
29 4,144
19 -855
23 -865
78 -916
14 2,894
30 3,389
151 3,228
6 88
13 38
14 78
1 6
27 100
2 14
21 2,988
70 3,527
67 3,320
0 0
0 0
21 2,988
COND QUARTE
Other
Activities
205
-49.5%n.s.
-193
-31.3%
-13.1%
12-90.4%
n.s.
2n.s.n.s.
14n.s.n.s.
31
-48
-3-98.8%
n.s.
Other
Activities
205
406
-883
-193
-281
-222
12
125
-1,105
2
-485
-29
14
-360
-1,134
31
4
76
-48
97
1,676
-3
-259
618
-914
-223
-1,140
ER 2012 RESU
1
Group
10,098
-8.0%+2.1%
-6,337
-4.0%
-7.4%
3,761-14.1%
+23.8%
-853-36.8%
-9.7%
2,908-4.0%
+38.9%
119
-42
2,985-8.7%
-24.2%
Group
10,098
10,981
9,886
-6,337
-6,602
-6,847
3,761
4,379
3,039
-853
-1,350
-945
2,908
3,029
2,094
119
42
154
-42
197
1,690
2,985
3,268
3,938
-914
-223
1,848
LTS
5 –
1H12 –
€mRe
Op
Gr
Co
Op
Sh
Ot
Pr
Co
Ne
Ne
An
– RESULT
m evenues
perating Ex penses
ross Operating I
ost of Risk
perating Income
hare of Earnings o
ther Non Operating
re-Tax Income
orporate Income T
et Income Attributa
et Income Attrib
nnualised ROE Aft
S BY COR
%Ch
s and Dep. %Ch
ncome %Ch
%Ch
e %Ch
of Associates
g Items
%Ch
Tax
able to Minority Inte
butable to Equity
ter Tax
RE BUSINE
Re
Ban
hange/1H11
hange/1H11
hange/1H11
hange/1H11
hange/1H11
hange/1H11
erests
y Holders
ESSES
etail
king
Investm
Solutio
12,224 3-0.7%
-7,369 -2+1.1% +
4,855-3.3% +
-1,660-8.0% +
3,195-0.6% +
102
9
3,306 1+0.2% -
0
0
3,306 1
ment
ons
CIB
3,087 5,35+1.1% -16.7
2,111 -3,28+1.4% -4.3
976 2,06+0.3% -31.0
-14 -9+0.0% n
962 1,96+0.3% -34.4
44 2
8
1,014 1,98-4.8% -34.8
0
0
1,014 1,98
SEC
Operating
Divisions
51 20,6627% -5.2%
89 -12,7693% -0.3%
62 7,8930% -12.1%
97 -1,771.s. -2.3%
65 6,1224% -14.6%
20 166
3 20
88 6,3088% -14.9%
0 0
0 0
88 6,308
COND QUARTE
Other
Activities
-678n.s.
-415-20.5%
-1,093n.s.
-27-94.1%
-1,120n.s.
107
1,628
615n.s.
-1,841
-367
-1,593
ER 2012 RESU
1
Group
19,984-11.8%
-13,184-1.1%
6,800-27.2%
-1,798-20.8%
5,002-29.2%
273
1,648
6,923-6.2%
-1,841
-367
4,715
LTS
6 –
QUART
€m
GROU
Reven
Operat
Gross
Cost of
Operat
Share o
Other N
Pre-Ta
Corpor
Net Inc
Net Inc
Cost/I
TERLY SE
UP
ues
ing Ex penses and
Operating Incom
f Risk
ting Income
of Earnings of Ass
Non Operating Item
ax Income
rate Income Tax
come Attributable t
come Attributab
ncome
ERIES
d Dep.
me
sociates
ms
to Minority Interest
ble to Equity Hol
2Q
10,
-6
3,
-
2,
2,
-
ts -
ders 1,
62
Q12 1Q1
,098 9,8
,337 -6,8
,761 3,0
-853 -9
,908 2,0
119 1
-42 1,6
,985 3,9
-914 -9
-223 -1
,848 2,8
2.8% 69.
12 4Q1
886 9,6
847 -6,6
039 3,0
945 -1,5
094 1,4
154 -
690 -1
938 1,3
927 -3
144 -1
867 7
3% 68.9
SEC
1 3Q11
686 10,03
78 -6,10
08 3,92
518 -3,01
490 91
37 -2
27 5
326 94
86 -24
75 -16
65 54
9% 60.9%
COND QUARTE
1 2Q11
32 10,981
08 -6,602
24 4,379
0 -1,350
14 3,029
20 42
54 197
48 3,268
40 -956
67 -184
41 2,128
% 60.1%
ER 2012 RESU
1
1Q11
1 11,685
2 -6,728
9 4,957
0 -919
9 4,038
2 95
7 -24
8 4,109
6 -1,175
4 -318
8 2,616
% 57.6%
LTS
7 –
* Includin
€m
RETAIL BA
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
RETAIL BA
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
€m
DOMESTIC
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
DOMESTIC
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
ng 100% of Pri
ANKING (including
xpenses and Dep.
rating Income
k
ncome
ng Items
come
butable to Investmen
come of Retail Ban
quity (€bn, year to d
ANKING (including
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
C MARKETS (inclu
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
butable to Investmen
come of Domestic
quity (€bn, year to d
C MARKETS (inclu
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
ivate Banking
g 100% of Private
nt Solutions
nking
ate)
g 2/3 of Private Ba
ate)
uding 100% of Priv
nt Solutions
Markets
ate)
uding 2/3 of Privat
ate)
for Revenues
Banking in France
anking in France, I
vate Banking in Fr
te Banking in Fran
s down to Pre-
2Q12
e, Italy, Belgium a
6,259
-3,735
2,524
-832
1,692
51
1,743
-53
1,690
33.7
2Q12
Italy, Belgium and
6,097
-3,679
2,418
-833
1,585
51
1,636
33.7
2Q12
rance, Italy, Belgiu
3,961
-2,467
1,494
-381
1,113
10
0
1,123
-53
1,070
21.3
2Q12
nce, Italy, Belgium
3,799
-2,411
1,388
-382
1,006
10
0
1,016
21.3
-tax income lin
1Q12
and Luxembourg)*
6,260
-3,743
2,517
-827
1,690
60
1,750
-57
1,693
34.0
1Q12
d Luxembourg)
6,127
-3,690
2,437
-827
1,610
60
1,670
34.0
1Q12
um and Luxembou
4,023
-2,441
1,582
-364
1,218
11
3
1,232
-57
1,175
21.5
1Q12
m and Luxembourg
3,890
-2,388
1,502
-364
1,138
11
3
1,152
21.5
SEC
ne items
4Q11
* Excluding PEL/C
6,132
-3,932
2,200
-918
1,282
97
1,379
-46
1,333
32.9
4Q11
6,006
-3,878
2,128
-916
1,212
97
1,309
32.9
4Q11
urg)* Excluding P
3,885
-2,642
1,243
-380
863
-4
5
864
-46
818
21.0
4Q11
g)
3,759
-2,588
1,171
-378
793
-4
5
794
21.0
COND QUARTE
3Q11
CEL Effects
6,143
-3,766 -
2,377
-845
1,532
83
1,615
-45
1,570
32.9
3Q11
6,045
-3,710 -
2,335
-844
1,491
82
1,573
32.9
3Q11
EL/CEL Effects
3,932
-2,554 -
1,378
-344
1,034
9
2
1,045
-45
1,000
20.9
3Q11
3,834
-2,498 -
1,336
-343
993
8
2
1,003
20.9
ER 2012 RESU
1
2Q11 1
6,230 6
-3,726 -3
2,504 2
-869
1,635 1
40
1,675 1
-57
1,618 1
32.7
2Q11 1
6,122 6
-3,669 -3
2,453 2
-869
1,584 1
40
1,624 1
32.7
2Q11 1
3,970 4
-2,503 -2
1,467 1
-354
1,113 1
3
7
1,123 1
-57
1,066 1
20.7
2Q11 1
3,862 3
-2,446 -2
1,416 1
-354
1,062 1
3
7
1,072 1
20.7
LTS
8 –
1Q11
6,301
3,674
2,627
-936
1,691
43
1,734
-58
1,676
32.8
1Q11
6,188
3,621
2,567
-936
1,631
43
1,674
32.8
1Q11
4,008
2,461
1,547
-327
1,220
12
-2
1,230
-58
1,172
20.6
1Q11
3,895
2,408
1,487
-327
1,160
12
-2
1,170
20.6
* Includin
€m
FRENCH RE
Revenues
Incl. Net In
Incl. Comm
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
FRENCH RE
Revenues
Incl. Net In
Incl. Comm
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
FRENCH RE
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
ng 100% of Pri
ETAIL BANKING (
nterest Income
missions
xpenses and Dep.
rating Income
k
ncome
ng Items
come
butable to Investmen
come of French Re
quity (€bn, year to d
ETAIL BANKING (
nterest Income
missions
xpenses and Dep.
rating Income
k
ncome
ng Items
come
butable to Investmen
come of French Re
quity (€bn, year to d
ETAIL BANKING (
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
ivate Banking
(including 100% o
nt Solutions
etail Banking
ate)
(including 100% o
nt Solutions
etail Banking
ate)
(including 2/3 of P
ate)
for Revenues
of Private Banking
of Private Banking
Private Banking in
s down to Pre-
2Q12
in France)*
1,716
1,020
696
-1,098
618
-85
533
1
534
-30
504
7.8
2Q12
in France)* Exclu
1,770
1,074
696
-1,098
672
-85
587
1
588
-30
558
7.8
2Q12
n France)
1,658
-1,069
589
-86
503
1
504
7.8
-tax income lin
1Q12
1,790
1,071
719
-1,090
700
-84
616
0
616
-34
582
7.9
1Q12
ding PEL/CEL Eff
1,813
1,094
719
-1,090
723
-84
639
0
639
-34
605
7.9
1Q12
1,730
-1,064
666
-84
582
0
582
7.9
SEC
ne items
4Q11
1,673
989
684
-1,190
483
-85
398
1
399
-28
371
7.6
4Q11
fects
1,697
1,013
684
-1,190
507
-85
422
1
423
-28
395
7.6
4Q11
1,618
-1,163
455
-85
370
1
371
7.6
COND QUARTE
3Q11
1,751
1,046
705
-1,168 -
583
-69
514
1
515
-28
487
7.6
3Q11
1,748
1,043
705
-1,168 -
580
-69
511
1
512
-28
484
7.6
3Q11
1,695
-1,139 -
556
-69
487
0
487
7.6
ER 2012 RESU
1
2Q11 1
1,790 1
1,054 1,
736
-1,116 -1
674
-81
593
0
593
-34
559
7.4
2Q11 1
1,784 1
1,048 1,
736
-1,116 -1
668
-81
587
0
587
-34
553
7.4
2Q11 1
1,728 1
-1,088 -1
640
-81
559
0
559
7.4
LTS
9 –
1Q11
1,806
,060
746
,099
707
-80
627
1
628
-34
594
7.3
1Q11
1,808
,062
746
,099
709
-80
629
1
630
-34
596
7.3
1Q11
1,745
,072
673
-80
593
1
594
7.3
* Includin
€m
BNL banca
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inco
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
BNL banca
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
€m
BELGIAN R
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Income Attrib
Pre-Tax Inc
Allocated Eq
€m
BELGIAN R
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
ng 100% of Pri
commerciale (Inc
xpenses and Dep.
rating Income
k
ncome
ng Items
ome
butable to Investmen
come of BNL bc
quity (€bn, year to d
commerciale (Inc
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
RETAIL BANKING
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
butable to Investmen
come of Belgian R
quity (€bn, year to d
RETAIL BANKING
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
ivate Banking
cluding 100% of Pr
nt Solutions
ate)
cluding 2/3 of Priv
ate)
(Including 100% o
nt Solutions
Retail Banking
ate)
(Including 2/3 of P
ate)
for Revenues
rivate Banking in
ate Banking in Ita
of Private Banking
Private Banking in
s down to Pre-
2Q12
Italy)*
813
-444
369
-230
139
0
139
-7
132
6.3
2Q12
aly)
801
-439
362
-230
132
0
132
6.3
2Q12
g in Belgium)*
837
-612
225
-41
184
4
2
190
-16
174
3.6
2Q12
n Belgium)
801
-592
209
-41
168
4
2
174
3.6
-tax income lin
1Q12
816
-442
374
-219
155
0
155
-5
150
6.4
1Q12
805
-436
369
-219
150
0
150
6.4
1Q12
841
-594
247
-37
210
5
3
218
-17
201
3.6
1Q12
804
-574
230
-37
193
5
3
201
3.6
SEC
ne items
4Q11
811
-489
322
-203
119
0
119
-2
117
6.4
4Q11
801
-483
318
-201
117
0
117
6.4
4Q11
820
-612
208
-36
172
1
-1
172
-15
157
3.5
4Q11
785
-592
193
-36
157
1
-1
157
3.5
COND QUARTE
3Q11
796
-444
352
-198
154
0
154
-3
151
6.4
3Q11
787
-438
349
-198
151
0
151
6.4
3Q11
809
-599
210
-26
184
2
4
190
-13
177
3.5
3Q11
775
-579
196
-25
171
2
4
177
3.5
ER 2012 RESU
2
2Q11 1
797
-452
345
-196
149
0
149
-5
144
6.3
2Q11 1
786
-446
340
-196
144
0
144
6.3
2Q11 1
796
-601
195
-53
142
2
2
146
-17
129
3.4
2Q11 1
758
-580
178
-53
125
2
2
129
3.4
LTS
0 –
1Q11
798
-444
354
-198
156
0
156
-4
152
6.3
1Q11
789
-439
350
-198
152
0
152
6.3
1Q11
813
-590
223
-22
201
2
0
203
-19
184
3.4
1Q11
774
-570
204
-22
182
2
0
184
3.4
€m
PERSONAL
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
EUROPE-M
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
BANCWEST
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
L FINANCE
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
EDITERRANEAN
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
T
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
ate)
ate)
ate)
2Q12
1,244
-592
652
-374
278
24
4
306
5.0
2Q12
448
-333
115
-45
70
13
-1
82
3.4
2Q12
606
-343
263
-32
231
1
232
4.0
1Q12
1,231
-642
589
-327
262
24
0
286
5.1
1Q12
413
-318
95
-90
5
20
1
26
3.3
1Q12
593
-342
251
-46
205
1
206
4.0
SEC
4Q11
1,272
-636
636
-412
224
29
59
312
4.9
4Q11
422
-328
94
-70
24
11
-2
33
3.3
4Q11
553
-326
227
-56
171
-1
170
3.8
COND QUARTE
3Q11
1,250
-580
670
-390
280
27
3
310
5.0
3Q11
401
-333
68
-48
20
16
25
61
3.3
3Q11
560
-299
261
-63
198
1
199
3.7
ER 2012 RESU
2
2Q11 1
1,310 1
-613
697
-406
291
18
2
311
5.0
2Q11 1
399
-308
91
-47
44
12
-2
54
3.3
2Q11 1
551
-302
249
-62
187
0
187
3.8
LTS
1 –
1Q11
1,310
-591
719
-431
288
21
1
310
5.0
1Q11
417
-308
109
-103
6
11
-1
16
3.4
1Q11
566
-314
252
-75
177
1
178
3.9
€m
INVESTME
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
WEALTH A
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
INSURANC
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
SECURITIE
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
NT SOLUTIONS
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
ND ASSET MANA
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
CE
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
ES SERVICES
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
ate)
AGEMENT
ate)
ate)
ate)
2Q12
1,566
-1,068
498
-3
495
35
1
531
7.9
2Q12
710
-528
182
1
183
12
1
196
1.8
2Q12
475
-241
234
-4
230
23
1
254
5.6
2Q12
381
-299
82
0
82
-1
81
0.6
1Q12
1,521
-1,043
478
-11
467
9
7
483
7.9
1Q12
706
-520
186
-6
180
7
5
192
1.9
1Q12
475
-234
241
-5
236
1
1
238
5.5
1Q12
340
-289
51
0
51
2
53
0.5
SEC
4Q11
1,406
-1,134
272
3
275
-50
-19
206
7.5
4Q11
725
-598
127
3
130
5
-19
116
1.7
4Q11
351
-243
108
-1
107
-55
0
52
5.3
4Q11
330
-293
37
1
38
0
38
0.5
COND QUARTE
3Q11
1,462
-1,043 -
419
-53
366
-111
-2
253
7.4
3Q11
714
-539
175
-5
170
15
-2
183
1.7
3Q11
421
-224
197
-48
149
-125
0
24
5.2
3Q11
327
-280
47
0
47
-1
46
0.5
ER 2012 RESU
2
2Q11 1
1,533 1
-1,039 -1
494
-19
475
-8
66
533
7.2
2Q11 1
741
-539
202
0
202
5
66
273
1.7
2Q11 1
429
-223
206
-19
187
-13
0
174
5.1
2Q11 1
363
-277
86
0
86
0
86
0.5
LTS
2 –
1Q11
1,521
,042
479
5
484
35
13
532
7.1
1Q11
777
-544
233
8
241
8
16
265
1.6
1Q11
425
-222
203
-3
200
27
-3
224
5.0
1Q11
319
-276
43
0
43
0
43
0.5
€m
CORPORAT
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
ADVISORY
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
Allocated Eq
€m
CORPORA
Revenues
Operating Ex
Gross Oper
Cost of Risk
Operating I
Non Operati
Pre-Tax Inc
Allocated Eq
€m
CORPORAT
Revenues
Operating Ex
Incl. Restr
Gross Oper
Cost of Risk
Operating I
Associated C
Other Non O
Pre-Tax Inc
TE AND INVESTM
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
Y AND CAPITAL M
xpenses and Dep.
rating Income
k
ncome
Companies
Operating Items
come
quity (€bn, year to d
ATE BANKING
xpenses and Dep.
rating Income
k
ncome
ng Items
come
quity (€bn, year to d
TE CENTRE (Inclu
xpenses and Dep.
ructuring Costs
rating Income
k
ncome
Companies
Operating Items
come
MENT BANKING
ate)
MARKETS
ate)
ate)
uding Klépierre)
2Q12
2,230
-1,397
833
-19
814
6
1
821
17.2
2Q12
1,207
-958
249
-94
155
2
1
158
8.3
2Q12
1,023
-439
584
75
659
4
663
8.9
2Q12
205
-193
-104
12
2
14
31
-48
-3
1Q12
3,121
-1,892
1,229
-78
1,151
14
2
1,167
18.1
1Q12
2,249
-1,471
778
37
815
9
2
826
8.8
1Q12
872
-421
451
-115
336
5
341
9.3
1Q12
-883
-222
-65
-1,105
-29
-1,134
76
1,676
618
SEC
4Q11
1,685
-1,569
116
-72
44
1
1
46
16.9
4Q11
767
-1,153
-386
33
-353
1
0
-352
6.7
4Q11
918
-416
502
-105
397
1
398
10.1
4Q11
589
-97
-213
492
-533
-41
-24
-170
-235
COND QUARTE
3Q11
1,787
-1,120 -
667
-10
657
14
11
682
17.0
3Q11
752
-672 -
80
-42
38
7
5
50
6.8
3Q11
1,035
-448
587
32
619
13
632
10.2
3Q11
738
-235
-118
503
-2,103
-1,600
26
14
-1,560
ER 2012 RESU
2
2Q11 1
2,920 3
-1,613 -1
1,307 1
23
1,330 1
13
27
1,370 1
17.2
2Q11 1
1,803 2
-1,163 -1
640
9
649
9
8
666
6.8
2Q11 1
1,117 1
-450
667
14
681
23
704
10.4
2Q11 1
406
-281
-148 -
125
-485
-360
4
97
-259
LTS
3 –
1Q11
3,505
,824
1,681
-16
1,665
10
3
1,678
17.5
1Q11
2,343
,389
954
21
975
0
0
975
6.8
1Q11
1,162
-435
727
-37
690
13
703
10.7
1Q11
471
-241
-124
230
28
258
6
-39
225
GOOD
RETAIL
DOMES
INVEST
CORPO
CORPO
LIQUID
SOLVE
CONSO
2Q12 –
1H12 –
QUART
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RESULTS
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STIC MARK
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ORATE AND
ORATE CEN
DITY AND F
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OLIDATED
RESULTS
RESULTS
TERLY SER
ncluded in thisor 2011 reflectihe creation ofresults, data pis presentation
sentation inclulooking statem
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IN A CHAL
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LLENGING
MENT BAN
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BUSINESS
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n are unauditelar, an increastic Markets” d011 has been the restated 2ooking stateme financial projectations with ance and synerent risks, unc
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nformation or m
ECONOMI
KING (CIB
ACCOUNT
SES
SES
ed. On 18 Aprise of capital adivision and trn represented 2011 quarterly
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uncertain; theictual results moking statemeigation to pub
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IC ENVIRO
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arties other thaation or warranteness or corrhall have any sentation or itsssed.
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Paribas issuedch business fr
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efs and expectd their underlperations, prodatements are ns about BNP Pg industry tren’ principal loca
ay differ from cterially from thin this present update any fo
an BNP Paribanty expressed rectness of, th liability whatss contents or o
COND QUARTE
d a restatemefrom 7% to 9%tween busines had occurred
tations about rlying assumpducts and sernot guaranteesParibas and itsnds, future capal markets, thecurrent expecthose projectedtation speaks orward-looking
as or derived d or implied is mhe informationsoever in negliotherwise aris
ER 2012 RESU
2
ent of its quart% of risk-weighss units. In th
d on 1st Janua
future events.tions, stateme
rvices, and s of future s subsidiaries
pital expenditue competitive tations which d or implied in as of the dateg statements in
from external made as to, a or opinions igence or sing in connec
LTS
4 –
2
3
3
9
10
11
12
13
14
15
16
17
terly hted hese ary
ents
ures
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nd
ction