GOOD

GROW

ADAPT

COST O

ADAPT

(RE

AMPLE

VERY SRATIO

SE

RESULT

WTH OF D

TING CO

OF RISK

*+4

TATION P

EMINDER OF

E LIQUID

S

STRONGBY 31.1

( (BASE

ECOND

TS IN A C

NET INCO

DEPOSIT

STS TO

K AT A LO

4.5% EXCLU

PLAN AL

90% OFTHE TARGET

DITY

STABLE F

G SOLVE2.2012 V

(BASEL 2.EL 3 FULLY

D QUA

CHALLEN

OME ATTR

€1,848M

S IN RET

DOMESTIC

+2

THE NEW

OPER

€6,337

OW LEVE

C€853M

UDING THE CO

LMOST A

THE TART: +100 BAS

FUNDING S

ENCY: TAVIRTUAL

.5) COMM

Y LOADED)

ARTER

NGING E

RIBUTABLE

M (-13.2%

TAIL BAN

C MARKET

2.8% VS.

W ENVIR

RATING EX

7M (-4.0%

EL

COST OF R(-36.8%*OST OF RISK

ACHIEVE

RGET ALSIS POINTS O

SURPLUS:

ARGET OLY ACHI

MON EQUIT

) COMMO

R 2012

P

ENVIRON

E TO EQUI

% VS. 2Q1

NKING

TS’ DEPO

2Q11

RONMEN

XPENSES

% VS. 2Q1

RISK * VS. 2Q1K RELATED T

ED, WELL

LREADYOF COMMON

€52BN (O

OF 9% BIEVED

TY TIER 1 RN EQUITY

2 RESU

PRESS RParis, 2 Aug

NMENT

ITY HOLDE

11)

SITS

NT

1)

1) TO GREECE I

L AHEAD

Y ATTAINEQUITY TIER

O/W USD38

BASEL 3

RATIO: 10TIER 1 RA

ULTS

RELEASE gust 2012

ERS

IN 2Q11

D OF SC

NED R 1 UNDER B

8BN)

(FULLY

0.9% ATIO: 8.9%

HEDULE

BASEL 3)

Y LOADE

%

E

D)

The BoBaudou GOOD BNP Paby anoadaptat90% of with a achieve RevenuRevenu23.6% iwith the Operatiadapt ccosts. Gross o The Gro36.8% cassistanillustrate Hence, the seco Thanks posted, to the se For theRevenuparticulaThe ope Operaticame to12.1% f At 1,79includes2011.

1 Commoexpected2 Includin

oard of Direuin Prot and

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

% comparedf the succesbecause o

sel 3 adaprter 2012. T

enues down

mpared to te adaptatiowas more s

166 basis pos compared

e came to 3nging enviro

revenues feFrance. Op

uding adap6.2% declinros, down 4

* * *

ses and cortantial decli

ompared to

d to the sessful partneof new reguptation planThese com5.0% comp

he same qon measurestark (-6.2%

oints of outd to the sec

306 million eonment, Pe

ell by 5.5% perating extation costs

ne in the co4.7%.

*

SEC

rporate cusne in the cothe first half

econd quartership with ulations. W

n was reflebined effecpared to the

uarter a yees. Excludin%), produci

standing cocond quarte

euros, downersonal Fina

compared tpenses mos, they wereost of risk c

COND QUARTE

stomers. Thost of risk (f 2011.

ter 2011 dCommerzb

With respectected in a cts and the e second qu

ear earlier, ng adaptating a positi

onsumer loaer 2011.

n slightly 1.ance mainta

to the first hoved up 2.5e down 1.4%compared t

ER 2012 RESU

e cost/inco(-47.2%1), p

ue, in part,bank), Belgit to mortga1.1% dropimpact of

uarter 2011

to 592 million costs tive 1.2pt ja

ans, continu

6% compaained its pr

half 2011 a5% because%, resultingo the first h

LTS

8 –

me pre-

, to um age p in the , to

ion this aws

ued

red rofit

s a e of g in half

INVEST Investmeuros1, outflowscontribusolid ascontribu(Taiwanbillion; afunds m Net assperformsecond compar Investmup 2.2%were domoved growth 5.0% coSecuritiand +9. Investmsecond Securitiadaptatdivisionsame pe After alSolutionquarter Insuran For the to the fidecline excludinServicebusinesand Assratio thu4.8% co

1 Includin2 Includin

TMENT SO

ment Solutiothe positive

s observedution, excepsset inflowsuted +1.4 bn, South Koand Asset

more than of

set inflows inmance of the

quarter) anred to 31 De

ment Solutio% comparedown 4.2% dup 10.7% (of protectioompared toes Services4% respect

ment Solutioquarter 20

es Servicetion plan in’s gross operiod a yea

llocating onns division, 2011 (-0.4ce and Sec

first half ofirst half 201in manage

ng the effes’ revenues

ss developmset Manageus rose sligompared to

ng Personal ng assets un

OLUTIONS

ons’ net asse inflows in

d in the sept Asset Ms, especiallybillion eurosorea, India);Managemeffset by ass

n this first he equity mand a positiveecember 20

ons’ revenued to the sedue to the d+6.6% exclon insuranco the secos’ assets utively during

ons’ operatin011 due tos, especialn Asset Maperating incor earlier.

ne-third of pre-tax inc

%), reflecticurities Serv

f the year as11, the 6.7%ed assets, cts of the s. Operatin

ment investmement due ghtly (+0.3 the income

Investors

nder advisory

S

set inflows in the first qucond quartanagementy in the secs thanks to Personal I

ent -1.9 billioet outflows

half of the yarkets in thee foreign ex

011, to 873

es in the second quartdecline in ouding the ece and savnd quarter nder custo

g this same

ng expenseo continuedly in Asia, anagement ome, which

Domestic Mcome was vng a good vices.

s a whole, % drop obsbeing offs

consolidatiog expensesments in Insto the ada

point), to 6e in the first

y on behalf o

n the first huarter (+12ter (-4.1 bilt: Private Bcond quarteo good assInvestors deon euros win the othe

year, combine first quarxchange effbillion euros

econd quartter 2011. Routstandingseffects of thevings outsid

2011 thandy and ass period.

es, at 1,068d businesspartly offse which saw

h totalled 49

Market Privvirtually flatoverall res

Investmentserved in Wset by an on of Cards rose 1.4%surance andapting of co8.4%. Pre-thalf 2011 (

* * *

of external cli

half of the y.6 billion) hllion). All th

Banking coner, in domeset inflows elivered +1

with asset inr asset clas

ned with a fter partly ofect drove as.

ter 2012, wRevenues fro

s in Asset e consolidade France. nks to goodsets under

8 million eus developmet by the ew its opera98 million e

vate Bankint at 531 mililience with

Solutions’ Wealth and 11.2% riseif Vita in It

% compared Securitiesosts to the tax income (-3.5% at co

*

ents and Pe

SEC

year was poaving only he businesntributed +7stic marketoutside Fr

.1 billion; Rnflows into sses.

favourable pffset by the

assets unde

which were 1om Wealth Managemetion of CardSecurities

d business administrat

ros, were ument investmeffects of thating expenuros, was u

ng’s net inllion euros , in particu

revenues eAsset Mana

in revenualy) and 5.d to the firss Services, new envirocame to 1

onstant scop

rsonal Invest

COND QUARTE

ositive, totalbeen partly

ss units ma7.3 billion tts and in Asrance, espe

Real Estate money ma

performance decline ober managem

1,566 millioand Asset

ent. Insurandif Vita in ItaServices’ r growth in tion increas

up 2.8% coments in Inhe implemenses declinup 0.8% co

come to thcompared lar, good p

edged up 1.agement as

ues in Insu.7% growthrst half 201but down 3

onment. Th,014 millionpe and exch

stors

ER 2012 RESU

lling 8.5 billy offset by ade a posithanks to vsia; Insuranecially in AServices +rket and bo

ce effect (gobserved in

ment2 up 3.6

on euros, wet Managemce’s revenualy) due to revenues ro

all countrising by +4.7

mpared to nsurance a

entation of ne 3.3%. Tmpared to

he Investmto the seco

performance

1% compas a result orance (+6.2

h in Securit1, because

3.2% in Weae cost/incon euros, dohange rates

LTS

9 –

ion the tive ery nce

Asia 0.6

ond

ood the

6%,

ere ent ues the ose es, 7%

the and the

The the

ent ond e in

red of a 2% ties e of alth me

own s).

CORPO CIB’s re Revenuthe samstrong vwith thethe bus Fixed In2011, aadjustmEuros. positionissues. busines Revenuquarter clients flimited b Revenucomparimpact tLending Drawing11,000 bankingfinancincomparDistribustrong pthe globpowerfumandatthe amb CIB’s osecond million ethe wor Given tsituationeuros, d For the 2011, athe crisidown 16

ORATE AN

evenues, at

ues from Adme quarter avolatility, thee average Viness units

ncome’s revas a result oment to Bas

In a challens in bond is

Separatelysses.

ues from Eq2011 due t

for structurebecause of

ues from Cred to the sthis quarterg business,

g on its globcorporate

g, Corporateng, the adjured to the ste model tpositions atbal Cash Mul domestic tes in the sebitious plan

perating exquarter 20

euros), theykforce.

the divisionn, due to tdown 40.1%

first half of at 5,351 millis in the ma6.8%, in lin

ND INVES

2,230 millio

dvisory anda year earliere was les

VaR maintaimaintained

venues, at 8of the effectsel 2.5 andenging envirssues: numy, the bus

quities and o the declined productsthe unfavou

Corporate Becond quar

r because othe decrea

bal reach wand institu

e Banking pustment of tsituation as through a t originationManagemenand Europe

econd quartlaunched to

xpenses, wh11. At consy were dow

n’s cost of he superior

% compared

the year aslion euros. arkets in thee with the r

STMENT B

on euros, w

Capital Maer. Against s demand fned at a low their marke

838 million t of the bala

d Basel 3,ronment, th

mber 1 positsiness unit

Advisory, ane in flow bus. In the primurable mark

Banking werter 2011. E

of the capitase was 15.1

with more thtional clienperformed wthe model cat 31 Decenumber of

n. Furthermnt offering, ean base ater of the yeo grow the d

hich totalledstant scope

wn 20.1% du

risk, whichr quality of d to the seco

s a whole, CRevenues fe second qureduction in

BANKING (

were down 2

arkets, at 1a general

from clientsw level (46 et positions

euros, wereance sheet and lower

he businession in all bo

enjoyed g

at 369 milliusiness in lomary equityket context.

ere resilienExcluding loal gains from1% in line w

an 60 entitints, plus anwell in the continued wember 201f landmark ore, the buwhere BN

and a strongear. Lastly, deposit bas

d 1,397 mile and exchaue, in partic

h remained f the portfoond quarter

CIB’s revenfrom Advisouarter of the loans due

(CIB)

23.6% comp

1,207 millionbackground

s and the bumillion euro

s.

e down 25.deleveragicustomer v

s unit confionds in Eurogood perfo

ion euros, fow volume

y market, vo

nt and fell oan sales, wm the dispowith the ada

ies in over 4n additionacontext of twith a 9.2%1 and the itransaction

usiness unitP Paribas

g presence a Corporatese.

lion euros, ange rates, cular, to the

low (19 mlio, CIB’s pr 2011.

nues fell 16.ory and Cae year and to the adap

SEC

pared to the

n euros, fed of crisis inusinesses wos). In this

3% comparng measurevolumes, ermed againos and numormance in

fell 45.8% markets an

olumes of ne

only 8.4%which had asal of the U

aptation plan

40 countriel 4,500 mithe adaptat

% net decremplementans, Corporat benefited ranks numin Asia. It ge Deposit lin

were downand exclud

e effect of th

million eurospre-tax inco

7% compapital MarkeCorporate B

ptation plan

COND QUARTE

e second qu

ll by 33.1%n the capitawere managchallenging

red to the ses in conne

especially bn this quar

mber 6 for an the Rate

compared nd to limitedew issues w

% to 1,023 a positive 7

US-based Rn to Basel 3

es and with d-cap cliention plan. W

ease in outsation of the ate Bankinfrom the de

mber 5 worlgained sevene was crea

n 13.4% coding adaptahe ongoing

s) despite ome came

red to the sets dropped Banking’s r. Operating

ER 2012 RESU

1

uarter 2011.

% comparedal markets aged cautiousg environme

second quarection with ond issuester its lead

all internatioes and Fo

to the secod demand frwere also v

million eu75 million eReserve Bas3.

approximatnts from reWith respectstanding loaOriginate ag maintainevelopmentldwide, witheral significated as par

mpared to ation costs g adaptation

the economto 821 mill

same period16.6% due

revenues weg expenses

LTS

0 –

.

d to and sly, ent,

rter the

s in ing

onal rex

ond rom ery

ros uro sed

tely etail t to ans and ing t of h a ant

rt of

the (38

n of

mic ion

d in e to ere fell

4.3% coadaptatwas 61.2011 wincome

CORPO The Cosecond (compavalue adsecond in the sincludedmillion e Operati2011. Tsecond The cosmillion e Other nimpairm Pre-tax earlier. For the comparrevaluatof the faeuros i(negligibSubordirevenuerevenuePrincipa The Coeuros in272 mill The cosincluded

ompared totion costs (9.5%. The cohich was mcame to 1,

ORATE CE

rporate Cenquarter 20

red to +14 djustment oquarter 20

second quad +94 millioeuros in rev

ng expenseThey include

quarter 201

st of risk weuro impact

non operatiment of Lase

income wa

first half of red to 877 tion (compaair value adn the first ble in the finated Hybes from Kles in the firal Investme

rporate Cenn the first halion euros).

st of risk totd the 516 m

o the first h92 million eost of risk, a

marked by a988 million

ENTRE

ntre reporte011. The rev

million in thof Cardif Vit11) and -90

arter 2011). on euros invenues from

es totalled 1e 104 millio11).

was negligibt of the Gree

ng items ter Netherlan

as -3 million

the year asmillion euroared to +14djustment ohalf 2011)

first half 20brid Equity-épierre (+1rst half 201nts (+31 mi

ntre’s operaalf 2011 due

alled 27 mimillion euro i

alf 2011. Auros), operaat 97 milliona net total oeuros, dow

ed 205 milliovenues reflhe second ta and of Fo0 million eu

The Corpon revenues m Klépierre.

193 million eon euros in

ble (2 millioek assistan

otalled -48 nds’ goodw

euros com

s a whole, thos in the fir4 million eurof Cardif Vit), -232 mil

011), the -6-Linked Se155 million 11 also inclllion euros

ating expene primarily t

llion euros, impact of th

At constant ating expen

n euros, wasof 7 million wn 34.8% co

* * *

on euros in ect this quaquarter 201ortis’ bankin

uros in losseorate Centrfrom BNP

euros comprestructurin

n euros), wnce program

million euill.

mpared to -2

he Corporarst half 201ros in the fita and of Flion euros

68 million eecurities (“C

euros in luded +216in the first h

nses droppeto lower res

compared he Greek as

scope and nses were ds at a low leeuros in wr

ompared to

*

revenues carter a +2811), a +141ng book (coes from there’s revenueParibas Pr

pared to 281ng costs (co

whilst the semme.

uros, due in

259 million e

te Centre’s1. This incrst half 201

Fortis’ bankin losses

uros impacCASHES”),the first ha

6 million euhalf 2012).

ed to 415 mstructuring c

to 457 millissistance pr

SEC

exchange down 10.5%evel but up rite-backs othe first hal

compared to86 million eu million eur

ompared to sale of soves in the serincipal Inve

1 million euompared to

econd quar

n particular

euros during

revenues tludes a -551), a +325 ing book (cfrom the s

ct of the exas well a

alf 2011). uros in reve

million euroscosts (169 m

on euros inrogramme.

COND QUARTE

rates, and %. CIB’s cos

compared of provisionlf 2011.

o 406 milliouro own dero amortisa+142 milliovereign bonecond quarestments a

uros in the so 148 millio

rter 2011 in

r to the -27

g the same

totalled -67857 million emillion euro

compared tosale of sovxchange of as +61 miThe Corpo

enues from

s comparedmillion euros

n the first ha

ER 2012 RESU

1

excluding st/income rato the first hs. The pre-

on euros in ebt revaluattion of the

on euros in nds (negligirter 2011 as well as +

second quarn euros in

ncluded a 5

7 million e

e period a ye

8 million eueuro own do amortisato +345 millvereign bonConvertiblellion euros orate Centr

BNP Parib

to 522 mills compared

alf 2011, wh

LTS

1 –

the atio half -tax

the tion fair the ble

also +81

rter the

516

uro

ear

ros ebt tion ion

nds e &

in re’s bas

ion d to

hich

Other nfirst halKlépierr Pre-tax earlier.

LIQUID The Gro The Grnetting totalled term funcomparThis suthe end The Gro29 billio Over 10been coaverage

non operatinf 2011) duere S.A.

income wa

DITY AND

oup’s liquidi

roup’s cashamounts f987 billion

nding camered to the frplus rema of 2011.

oup’s liquidon US dollar

00% of the ompleted. Fe spread of

ng items ame, primarily

as 615 millio

FINANCIN

ity situation

h balance sfor derivativeuros as a

e to a 52 bfinancing neined virtual

ity and assrs in Fed de

Group’s 20From Nove112 basis p

mounted to , to 1,790 m

on euros co

NG

was extrem

sheet, prepves, repos,t 30 June 2

billion euro eeds of thely unchang

et reserveseposits), am

billion euromber 2011 points abov

1,628 millimillion in c

ompared to -

* * *

mely favour

pared base, securities2012. The tosurplus (of

e customer ged during t

s immediatemounting to

o 2012 medto early Ju

ve mid-swap *

* *

on euros (capital gains

-34 million e

*

able.

d on the ps lending/bootal of equitf which 38 activity and

the quarter

ely availableclose to 100

dium/long-teuly 2012, 2p and an av

*

SEC

compared ts from the s

euros durin

prudential borrowing anty, client debillion US dd to tangiband 21 bil

e totalled 200% of short

erm funding22 billion euerage matu

COND QUARTE

to 58 millionsale of a 2

g the same

banking scond payableeposits and dollars) of sle and intalion euros

00 billion et-term whole

g programmuros were rurity of 5.7 y

ER 2012 RESU

1

n euros in 8.7% stake

e period a ye

ope and afes/receivabl

medium/lostable fundngible assehigher than

uros (of whesale fundin

me has alrearaised with years.

LTS

2 –

the e in

ear

fter es, ng-ing

ets. n at

hich ng.

ady an

SOLVE The comcomparbillion fropted fo Risk-weimpact (due, in Thus, aCapital 2011, wthe endmandatheld (40 The Basarrangepoint im The tartherefor

Comme “ThanksBNP Penvironm The adaand thehas virtleading BNP Paits busin

1 Basel 22 Which being deamended

ENCY

mmon equred to 31 Mrom the sucor and a +0

eighted asseof the adap particular,

as at 30 JunRequireme

was 10.9%, d of June tes an addi0 basis poin

sel 3 commements (Basmpact due to

rget of a Bre virtually a

enting on the

s to its balaParibas Groment.

aptation plae objective otually been global bank

aribas playsness units.”

2.5 will become

ebated in thd

ity Tier 1 tMarch 2012.ccess of the.6 billion for

ets1 totalledptation planto the appr

ne 2012, theents Directiup 50 basi2012 set tional dedu

nts for BNP

mon equity Tsel 3 fully lo the revalu

asel 3 fullyachieved, si

ese results,

anced and oup perfor

an is almostof a Basel 3attained. T

ks.

s an active r”

binding onlye European

otalled 63.2. This incree payment oreign excha

d 578 million (-7 billioneciation of t

e Basel 2.5 ve 3 (CRDis points coby the Eur

uction for uParibas), w

Tier 1 ratio,oaded), waation of Eur

y loaded 9%ix months in

, Chief Exec

diversified rmed well

t achieved,3 fully load

Thus, BNP

role in finan

y as of 01.01Parliament,

2 billion euease includeof the 2011

ange effect.

n euros andn euros) hathe US dolla

common eD3) regulatoompared to ropean Banrealised c

was largely s

taking into as thus 8.9%ropean sov

% commonn advance.

* * *

cutive Offic

business mthis quart

well aheadded 9% com

Paribas is

ncing the ec

1.2019, CRD its directive

uros as at 3es +1.2 bill dividend in

d were stabving been ar).

equity Tier 1ory regime 31 March 2

nking Authcapital lossesurpassed.

account all % as at 30ereign debt

n equity Tie

*

er Jean-Lau

model and ter in a c

d of schedummon equity

today one

conomy and

D4 as expectes remain su

SEC

30 June 20ion euros i

n shares wh

ble compareoffset by a

1 ratio, whicthat came 2012. The tority (EBAes from Eu

the CRD42

June 2012t held.

er 1 ratio b

urent Bonna

the dedicatchallenging

ule, solvencyy Tier 1 ratiof the best

d supports it

ted by BNP Pubject to inte

COND QUARTE

012, up 3.1n organic ghich 72% of

ed to 31 Maa foreign ex

ch includes into force

target of 9%A), which buropean sov

2 rules witho2. It include

by 31 Dece

afé stated:

tion of all ieconomic

cy has beentio by 31 Det-capitalised

ts customer

Paribas. Sinerpretation a

ER 2012 RESU

1

1 billion eugeneration, f sharehold

arch 2012, xchange eff

the Europeat the end

% solvency eyond CRDvereign bon

out transitioes a -40 ba

ember 2012

its employec and mar

n strengthenecember 20d amongst

rs across al

ce CRD4 is and can still

LTS

3 –

ros +1 ers

the fect

ean d of

by D3, nds

onal asis

2 is

ees, rket

ned 012 the

ll of

still be

CONSO

BNP Parelease All legahttp://inpursuaCode a Press Co Antoine SBertrandCarine LaIsabelle WJulie BeuJulia BoyPascal HMalka NLoubna SAnne-So

€m

Revenues

Operating Ex

Gross Oper

Cost of Risk

Operating I

Share of Ear

Other Non O

Pre-Tax Inc

Corporate In

Net Income

Net Income

Cost/Incom

OLIDATED

aribas’ finae and in the

ally requirenvest.bnppnt to the rend Articles

ntacts:

Sire d Cizeau auru Wolff ter

yce énisse usynowicz Sebti phie Trémou

xpenses and Dep.

rating Income

k

ncome

rnings of Associates

Operating Items

come

ncome Tax

Attributable to Minor

e Attributable to Eq

me

D PROFIT

ancial disce presentat

ed disclosuparibas.comequirements 222-1 et s

+33 +33 +33 +33 +33 +33 +33 +33 +33

ille +33

rity Interests

quity Holders

AND LOS

closures fotion attach

ures, includm in the “Rts under Arseq. of the

3 1 40 14 21 3 1 42 98 33 3 1 42 98 13 3 1 57 43 89 3 1 57 43 06 3 1 43 16 82 3 1 40 14 65 3 1 42 98 36 3 1 40 14 66 3 1 58 16 84

2Q12

10,098

-6,337

3,761

-853

2,908

119

-42

2,985

-914

-223

1,848

62.8%

SS ACCOU

or the secoed herewit

ding the ReResults” serticle L.451Autorité de

06 a53 b36 c26 is63 j04 j14 p25 m28 l99 a

2Q11 2Q

2Q

10,981 -8

-6,602 -4

4,379 -14

-1,350 -36

3,029 -4

42

197

3,268 -8

-956 -4

-184 +21

2,128 -13

60.1% +2

UNT

nd quarterth.

egistration ection and 1-1-2 of thees Marchés

antoine.sire@bertrand.cizecarine.lauru@sabelle.wolffulie.beuter@bulia.boyce@bpascal.henissmalka.nusynooubna.sebti@nne-sophie.t

Q12 / 1Q12

Q11

8.0% 9,886

4.0% -6,847

4.1% 3,039

6.8% -945

4.0% 2,094

n.s. 154

n.s. 1,690

8.7% 3,938

4.4% -927

.2% -144

3.2% 2,867

2.7 pt 69.3%

SEC

r 2012 are

documentare made

e French Ms Financier

bnpparibas.cau@bnpparib

@bnpparibas.c@bnpparibasbnpparibas.c

bnpparibas.coe@bnppariba

owicz@bnpap@bnpparibas.cremouille@b

2 2Q12/

1Q12

6 +2.1%

7 -7.4%

9 +23.8%

5 -9.7%

4 +38.9%

4 -22.7%

0 n.s.

8 -24.2%

7 -1.4%

4 +54.9%

7 -35.5%

% -6.5 pt

COND QUARTE

contained

t, are availapublic by

Monetary anrs’ general

com bas.com com s.com om

om as.com pribas.com com

bnpparibas.co

1H12

19,984

-13,184

6,800

-1,798

5,002

273

1,648

6,923

-1,841

-367

4,715

66.0%

ER 2012 RESU

1

in this pre

able onlineBNP Parib

nd Financial rules.

om

1H11 1H1

1H

22,666 -11

-13,330 -1

9,336 -27

-2,269 -20

7,067 -29

137 +99

173

7,377 -6

-2,131 -13

-502 -26

4,744 -0

58.8% +7.

LTS

4 –

ess

e at bas al

12 /

H11

1.8%

.1%

7.2%

.8%

9.2%

.3%

n.s.

6.2%

.6%

.9%

0.6%

.2 pt

2Q12 –

€mRe

Op

Gr

Co

Op

Sh

Ot

Pr

€mRe

Op

Gr

Co

Op

Sh

Ot

Pr

Co

Ne

Ne

– RESULT

m evenues

perating Ex penses

ross Operating I

ost of Risk

perating Income

hare of Earnings o

ther Non Operating

re-Tax Income

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

S BY COR

%Cha%Cha

s and Dep.

%Cha

%Cha

ncome %Cha%Cha

%Cha%Cha

e %Cha%Cha

of Associates

g Items

%Cha%Cha

s and Dep.

ncome

e

of Associates

g Items

Tax

able to Minority Inte

butable to Equity

RE BUSINE

Re

Ban

ange/2Q11 ange/1Q12

ange/2Q11

ange/1Q12

ange/2Q11 ange/1Q12

ange/2Q11 ange/1Q12

ange/2Q11 ange/1Q12

ange/2Q11 ange/1Q12

Re

Ban

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

2Q11

1Q12

erests

y Holders

ESSES

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

Figures inresults foassets, threstated r2011. ThiThis presForward-lregardingstatemenperformanand invesand acqumarket anmay in tuthese forwthis preselight of neThe informsources hno relianccontainedotherwisewith this p

RESULTS

L BANKING

STIC MARK

TMENT SO

ORATE AND

ORATE CEN

DITY AND F

ENCY

OLIDATED

RESULTS

RESULTS

TERLY SER

ncluded in thisor 2011 reflectihe creation ofresults, data pis presentation

sentation inclulooking statem

g plans, objectnts regarding fnce and are sstments, deveuisitions, changnd regulatory

urn significantlyward-looking sentation. BNP ew informationmation containhas not been ice should be pd herein. Nonee for any loss hpresentation o

IN A CHAL

G

KETS

LUTIONS

D INVESTM

NTRE

FINANCING

PROFIT AN

BY CORE

BY CORE

RIES

s presentationing, in particulf the “Domestpertaining to 2n is based on des forward-loments includetives and expefuture performsubject to inhelopments of Bges in econom factors. Thosey affect expecstatements. A Paribas unden or future evened in this preindependentlyplaced on the e of BNP Paribhowever arisinor any other in

LLENGING

MENT BAN

G

ND LOSS A

BUSINESS

BUSINESS

n are unauditelar, an increastic Markets” d011 has been the restated 2ooking stateme financial projectations with ance and synerent risks, unc

BNP Paribas amic conditions e events are ucted results. Any forward-loo

ertakes no oblients. esentation as iy verified and n fairness, accubas or its reprng from any u

nformation or m

ECONOMI

KING (CIB

ACCOUNT

SES

SES

ed. On 18 Aprise of capital adivision and trn represented 2011 quarterly

ments based onojections and respect to futergies. Forwacertainties andand its subsidia globally or in

uncertain; theictual results moking statemeigation to pub

it relates to pano representauracy, compleresentatives shuse of this presmaterial discu

IC ENVIRO

)

il 2012, BNP Pallocated to earansfers of bu as though they data. n current belieestimates an

ture events, opard-looking stad assumptionsaries, banking BNP Paribasir outcome mamay differ matent contained ilicly revise or

arties other thaation or warranteness or corrhall have any sentation or itsssed.

SEC

NMENT

Paribas issuedch business fr

usinesses betwe transactions

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

e of n

nd

ction