This month of May, the subjects are:

ECB : The Art of reform
Philippe d’Arvisenet, Chief economist

French growth: desperately seeking for a new model
Hélène Baudchon, OECD economist

Slow start of year in China
Christine Peltier, Deputy head of the country risk

About …

The BNP Paribas Economic Research department brings together economists in the banking sector from financial markets across the world. The website offers different publications: macroeconomic analysis, monetary and financial reports of OCDE countries, country risks for emerging countries and the evolution of the financial and banking world.

GOOD PERFORMANCE ACHIEVED WHILST IMPLEMENTING THE GROUP’S ADAPTATION PLAN

Against a backdrop of economic slowdown in the euro zone, the BNP Paribas Group achieved
good performance all the whilst rapidly implementing its adaptation plan. Eighty percent of the
target of improving the common equity Tier 1 ratio by 100 basis points is achieved.

Revenues totalled 9,886 million euros, down 15.4% compared to the first quarter 2011. Three
exceptional items had an adverse impact on revenues this quarter for a total of
-1,059 million euros: own debt revaluation (-843 million euros), losses from sales of sovereign
bonds (-142 million euros) and losses from sales of loans (-74 million euros). Excluding these
items, revenues came to 10,945 million euros, a decline of only 6.3% compared to the first quarter
2011, which was marked by very good business activity.

Operating expenses, which were 6,847 million euros, edged up 1.8%. Excluding one-off adaptation
costs at CIB and Personal Finance which totalled 84 million euros, they inched up 0.5%, confirming
good cost control.

Gross operating income was down 38.7% for the period at 3,039 million euros. Excluding
exceptional items, the decline was 15.6%.

The Group’s cost of risk, which was 945 million euros or 55 basis points of outstanding customer
loans, edged up only 2.8% compared to the first quarter 2011 and still remains low, illustrating the
good risk controls.

Non-operating items totalled 1,844 million euros due to 1,790 million euros of exceptional income
booked after the Group’s sale of a 28.7% stake in Klépierre SA. This sale was part of the plan to
adapt BNP Paribas’ balance sheet in preparation for Basel 3.

BNP Paribas posted 2,867 million euros in net income (attributable to equity holders), up 9.6%
compared to the first quarter 2011. The average corporate income tax rate was thus 24% due to a
lower tax rate on the capital gain from the sale of the stake in Klépierre. Excluding this effect, the
average rate was 30.9%.

Adjusted for the exceptional items, net income amounted to 2,038 million euros, down 22.1%
compared to the first quarter 2011.

This good performance and the Group’s rapid implementation of its adaptation plan helped further
strengthen solvency with a common equity Tier 1 ratio under Basel 2.5 (CRD 3) of 10.4% (+80bp
compared to 31 December 2011).

Read the press release “BNP Paribas Group: Results as at 31 March 2012″

View the slides of the presentation

Press Contacts:

Antoine Sire
Tel: + 33 1 40 14 21 06
antoine.sire@bnpparibas.com

Carine Lauru
Tel: + 33 1 42 98 13 36
carine.lauru@bnpparibas.com

Isabelle Wolff
Tel : +33(0)1 57 43 89 26
isabelle.wolff@bnpparibas.com

BNP Paribas Real Estate UK released the first edition of the Retail Risk Index. This is the first piece of research of its kind in the UK market, and is designed to guide investors in developing their investment strategies for retail property.

The report looks at the financial health of retailers and then analyses where those retailers are located within the top 100 towns to form an index of the most and least risky towns.

The national picture shows that 10% of units in the top 100 towns are at very high risk of collapse or closure, 20% are either charity shops or vacant and a further 25% of units occupied by retailers which pose ‘high’ or ‘borderline’ risk. Less than half of the units analysed are occupied by retailers considered ‘secure’.

Despite having a most and least risky top 10, there are opportunities throughout for investors. It is important for investors to know where to invest and where, perhaps, they need to manage their portfolios or change their strategies.

Even the most dominant towns are not immune to risk and within the most risky towns there are thriving areas – if you know where to look.

Read the Retail Risk Index (2,564 Mo)

At the grand final’s in Paris, five teams competed for the 2012 Ace Manager title. These five teams had emerged as finalists following the preliminary online contest, which took place between 20 February and 20 March.

The final five teams, each made up of three students, were set a dual challenge, with the opportunity to impress a jury composed of the President of the University of Paris Dauphine and senior managers from the BNP Paribas Group(1). In the morning, the fifteen contestants worked on a Financial case study linked to the Group’s three major business fields – Retail Banking; Corporate & Investment Banking; and Investment Solutions (asset management). In the afternoon, they were asked to imagine the ‘bank of tomorrow’ and present their vision of how the banking profession will have evolved in five years’ time.

The prize-giving ceremony, held at the Group’s Offices in Paris, was presided over by François Villeroy de Galhau, Chief Operating Officer of the BNP Paribas Group.

The final ranking order was as follows:

1. Kinetic , composed of three students from Singapore, pursuing studies in National Univesity of Singapore.
2. Olivbergen, composed of three students from Sweden, pursuing studies in Stockholm School of Economics.
3. 75/25, composed of three students from the Ukraine, pursuing studies in Kviv School of Economics.
4. Fusion and SW&P, 2 Russian teams tied for 4th place. Each team was composed of three students, coming from « Financial University under the Government of the Russian Federation » and « Higher School of Economics » respectively.

Ace Manager – The Fourth Set this year attracted over 14,205 contestants from145 countries.

The top three teams were awarded EUR9,000, EUR3,000 and EUR1,500 respectively and all fifteen contestants received tickets for tennis events. In addition, for the second year running, BNP Paribas offered each of the finalists a wide choice of international internships in the Group’s three business divisions.

Ace Manager – The Fourth Set was designed by a team of BNP Paribas experts. The contest is part of BNP Paribas’ overall strategy for enhancing brand recognition and employer-brand appeal among students. The competition is particularly useful for this purpose outside France. While the Group brand is extremely well-known among corporate clients in a number of countries, it is less well-known among students. BNP Paribas has therefore set itself the target of becoming one of the most attractive employer-brands among students worldwide.

The competition sets out to highlight, in the form of a serious game, the central role of the professional banker in financing clients’ projects, in full accordance with economic realities.

To help enhance brand recognition and increase the Group’s appeal to students from top universities and colleges all over the world, BNP Paribas chose to base the Ace Manager contest on the world of tennis, a sport with which the Group already has strong links through its worldwide sponsorship of the game for almost 40 years. Moreover, the Bank is well-placed to offer exciting career prospects to new recruits. Today some 68% of all Group customers and staff are located outside France, and BNP Paribas is constantly looking to recruit talented people from highly diverse backgrounds all over the world for a range of over 300 different job-types.

Ace Manager – The Fourth Set in figures

14,205 contestants

145 countries represented
Countries with the highest representation were: lndia (2,812 contestants), Italy (2,112 contestants), France (799 contestants), Turkey (694 contestants), the UK (685 contestants), Singapore (523 contestants), Indonesia (513 contestants), Ukraine (495 contestants), Russia (484 contestants) and Poland (469 contestants). Last year, the third annual round of the contest attracted some 12,832 contestants, from 140 countries.

The contest website – www.acemanager.bnpparibas.com – has received a total of a 374,159 visits, including 178,132 unique hits, with over 4.3 million pages viewed, since its launch on 20 October 2009.
20,911 fans of the Ace Manager Facebook page
635 Twitter followers

BNP Paribas works in close collaboration with the TBWACorporate agency on this high-profile international competition.

Careers at BNP Paribas
BNP Paribas hires a large number of talented new colleagues each year. In 2012, the Group is planning to recruit around 13,000 new staff worldwide, including 1,500 to 2,000 people in France. As part of our pre-recruitment process, BNP Paribas also offers more than 1,100 internships per year in France to students approaching the end of their course.
A key recruitment principle at BNP Paribas is long-term career development. Staff benefit from individual career management counselling with the support of dedicated teams who are there to assist every employee with his or her career path, job moves and/or new directions. The Group also has highly effective talent development and skills development programmes in place.
As BNP Paribas engages in a wide variety of business activities, there are numerous opportunities to build a career at the Group, with regular job moves within a given business, from one business area to another, or by moving between geographical locations. For more information, have a look at the websites listed below:

http://www.recrutement.bnpparibas.com/
http://backstage.bnpparibas.com/
http://careers.bnpparibas.com/
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending.
BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.

(1) Laurent Batsch, President of the University of Paris Dauphine
Muriel Atias, Corporate and Investment Banking, Corporate Finance
Olga Semenenko, Brand Manager, Europe Mediterranean
Virginie Fauvel, Head of Online Banking
Laurence Pessez, Member of the Corporate Social Responsibility
Jean-Francois Boutringain, COO for the Group Brand, Communications and Quality .
Press contact:
BNP Paribas Loubna Sebti – loubna.sebti@bnpparibas.com ; 0033 (0)1 40 14 66

BNP Paribas Real Estate Investment Management has jumped from 14th to 4th ranking with close to EUR1.6 bn invested in 2011 versus EUR664 m in 2010.

BNP Paribas Securities Services has obtained its first global rating, earning ratings in three regions: United Kingdom, Continental Europe and Rest of World.

In the UK, Securities Services ranks joint 3rd with JP Morgan, thus outstripping Citi, Northern Trust and BNY Mellon. In Continental Europe, BNP Paribas Securities Services ranks in the top 5. Thanks to its offer to clients in Asia-Pacific and the Middle East, the Group’s securities subsidiary ranks for the first time in the “Rest of World” category, in 8th position.

*R&M is a consultancy firm specialised in providing market research to financial institutions, particularly in client satisfaction.

This month of April, the subjects are:

UK : God save consolidation
Philippe d’Arvisenet, Chief economist

America is back
Alexandra Estiot, OECD economist

Rise in India’s fiscal deficit
Johanna Melka, Country risk economist

About …

The BNP Paribas Economic Research department brings together economists in the banking sector from financial markets across the world. The website offers different publications: macroeconomic analysis, monetary and financial reports of OCDE countries, country risks for emerging countries and the evolution of the financial and banking world.

Out of the 2 535 teams who participated with keen enthusiasm in the competition, only five are still up for the final. They will soon fly to Paris where they will meet and challenge each other to win the 1st place :

1. Kinetic from Singapore with Vu Ahn, Phuong Ky, Kshiyij Jhunjhunwala
2. SW&P from Russia with Polina Nichiporova, Konstantin Yakimovich, Julia Dementyeva
3. 75/25 from Ukraine with Sergii Maleshchuk, Sergii Kiiashko, Arsenie Ciobanu
4. Olivbergen from Sweden with Mirjam Malahhov, Theodora leejoseph, Ivika Jäger
5. Fusion from Russia with George Nichkov, Arthur Alexanyan, Mikhail Ruschak

The grand final will take place the 17th and 18th of April. M. Villeroy de Galhau, Chief Operating Officer of the BNP Paribas Group, will lead the closing ceremony on April 18th at l’Orangerie, the Group’s headquarters in Paris.

Good luck to the 5 final teams and bravo to all the participants of this 4th edition of Ace Manager!

Press Contact: Dirk-Michael Mitter – 069 7193 6667 or via email: dirk-michael.mitter@bnpparibas.com

Despite difficult economic conditions, especially in Europe, Arval’s leased fleet of 687,000 vehicles continued to progress in 2011 (3% up from 2010), supported by the thriving activity of its recently established subsidiaries.

Vehicle purchases slightly exceeded the previous record achieved in 2008, with 210,700 units. The number of vehicles sold (191,000) showed strong growth, up 28% compared to the previous year. “Despite economic upheavals in Europe, the impact of the tsunami and the Fukushima disaster in Japan on the delivery times of new vehicles in particular, as well as the significant slowdown in prices on the second-hand car market in the last quarter, Arval met its goals in terms of growth as well as profitability,” says Arval CEO Philippe Bismut.

A growth strategy that bore fruit in 2011

In May 2011,Arval Germany’s purchase of Commerz Real Autoleasing GmbH, the former full-service leasing subsidiary of Commerz Real Mobilienleasing GmbH, brought the leased fleet up to a total of 30,283 vehicles, up 44% from 2010. In addition, recently established subsidiaries now contribute significantly to the growth of Arval’s fleet, adding more than 6,000 vehicles to the company’s overall fleet in 2011. Leased fleets for instance increased by 36% in both Brazil and India, and 50% in Turkey.

In 2012, Arval is expanding its frontiers, consolidating its offer for SMEs, and betting on service quality

Arval is continuing its international development policy. In January, the group announced the opening of a subsidiary in Denmark. The first step in a broader plan to get established in Scandinavian countries, this consolidates and reinforces Arval’s global presence in Europe, with Denmark becoming Arval’s 19th subsidiary on the continent. “I am happy to announce that our presence in Scandinavia will be reinforced by a subsidiary in Finland, which will be operational within the next few months. Of course, Arval will also continue to consolidate its new subsidiaries particularly in BRIT (Brazil, Russia, India and Turkey), where full-service leasing is currently booming,” explains Philippe Bismut.

Arval also wants to expand its market frontiers by strengthening its arrangement for small and medium-sized enterprises (SMEs) in Europe by means of a multichannel offer that associates car manufacturers, brokers, dealers and retail banking networks, in particular those of BNP Paribas.

“In 2012, we want first of all to consolidate our bases, focus on our customers, and continue to bring them more service quality. We do not want to be just a ‘corporate vehicle provider in full-service leasing’. Our service, our consulting capacity, our expert knowledge of the market mean that each of our customers knows what added value they can expect from working with Arval,” Philippe Bismut concludes.

About Arval BNP Paribas Group

Created in 1989, Arval is a major player in full service, multi-brand leasing and corporate fleet management, with 622,000 financed and 690,500 managed vehicles (June 2010). Operating in 39 countries, with 22 subsidiaries and a network of partners in 17 countries, Arval is part of the BNP Paribas Retail Banking “Equipment Solutions” business line. (www.arval.com)

Contact Information

Christelle Paillès – christelle.pailles@arval.com
+33 (0)1 57 69 53 69 / +33 (0)7 60 63 19 82