������������������������������� 5 November 2008
���������� This presentation contains forward-looking statements about BNP Paribas, Fortis Bank NV/SA and certain of their affiliates and the proposed tie-up that had been announced. Forward-looking statements include financial projections and estimates and their underlying assumptions and perspectives regarding plans, objectives and outcomes expected with respect to future events, operations, products and services, and assumptions regarding future performance and synergies. Many factors, a number of which are beyond BNP Paribas’ control, could cause actual outcomes to differ significantly from expected outcomes. Among these factors are the securing of required regulatory authorisations, the approval of BNP Paribas shareholders, the development of the businesses of BNP Paribas or Fortis Bank NV/SA and their subsidiaries, banking and financial services and insurance industry trends, future capital expenditures and acquisitions, changes in the global economy or in BNP Paribas’ and Fortis Bank NV/SA’s key local markets, the competitiveness of the market and regulatory factors. The occurrence of these events is uncertain and their outcomes may differ from current expectations which may in turn significantly affect expected outcomes. Actual outcomes may differ materially from those expected or implied in forecasts. BNP Paribas undertakes no obligation to publicly revise or update any forecasts. The information contained in this presentation, to the extent it relates to parties other than BNP Paribas or comes from external sources, has not been independently verified and no expressed or implied representations or warranties are made or given in relation thereto, and no certainty is given that information or opinions contained herein are true, correct, accurate or complete. Neither BNP Paribas nor its agents or representatives may be held any liability for any negligence or for any other reason in connection with any losses arising from any use of this presentation or its contents or otherwise arising from this presentation or any other materials or information to which it may make reference. Share of the businesses’ quarterly 2007 results of operating divisions with Basel II x% revenues* as a % of the total normative equity as released on 2 April 2008 operating revenues * For FRB and BNL bc, revenues including 2/3 of Private Banking Results as at 30.09.2008 | 2
Group Summary Summary by Division Conclusion Detailed Results Selected Exposures based on recommendations of the Financial Stability Forum
���� ���������� � €901mn profit despite an unprecedented deepening of the crisis since September � Numerous critical situations in the financial services industry � Unprecedented turbulence in markets � BNP Paribas’s growing attractiveness across all businesses � Arrival of new customers � Further growth in commitments towards the economy � Very large inflows in deposits and assets under management � Announcement of the takeover of Fortis in Belgium and Luxembourg � Expansion of the pan-European footprint � Creation of the Eurozone’s number one franchise by deposit base � Capital base increased without dilution A further strengthened position Results as at 30.09.2008 | 4
������ ���������� ��������������!������"����"���������� � �����#���������$��������������������� Operating 3Q08 3Q08/3Q07 divisions � Revenues €7.6bn -1.0% +2.4%* � Operating expenses -€4.6bn -0.2% -1.9% � Gross operating income €3.0bn -2.2% +9.4% � Cost of risk -€2.0bn x4 x4 � Pre-tax income +€1.1bn -58.1% -51.5% � Net income group share €901mn -55.6% 9M08: net income group share of €4.4bn Annualised post-tax ROE: 13.1% * BNP Paribas Capital : €3mn in 3Q08 vs €267mn in 3Q07 (disposal of stake in Bouygues Telecom) Results as at 30.09.2008 | 5
���� �������'������� �����#���������$����� Direct impact of the financial crisis* -1.6 ���� -0.9 -0.6 -0.5 ���� ���� ��%����� ���� ���� -0.2 $����� ����& ���� ���� ���� ���� ���� in €bn 3Q07 4Q07 1Q08 2Q08 3Q08 � 3Q08 revenues � No accounting reclassification: no retroactive use to 1 July of the IAS 39 amendment Gains on own debt: €123mn � � Cost of risk especially high in 3Q08: Lehman, Icelandic banks and a new downgrade of monoline insurers to doubtful status Unprecedented deepening of the financial crisis Results as at 30.09.2008 | 6 *Pre-tax. Estimated at €1.1bn in 3Q08 after tax assuming a 30% tax rate
���� �������'������� �����#���������$�����������%����� in €mn 3Q08 3Q07 3Q08 / 3Q07 � CIB � � � - 289 - 230 -59 � LBO in the trading book - 16 - 194 +178 � Securitisation -55 - 91 - 36 � Credit adjustment on monolines -55 - 55 negl � Credit adjustment on other counterparties - 127 negl -127 � BancWest � � � - 87 - -87 � Impairment charge on Fannie Mae - 87 - -87 and Freddie Mac preferred shares � AMS � � � - 28 - -28 � Seed money - 28 - -28 � � � Corporate Center � - 103 - -103 � Impairment charge on equity investments - 103 - -103 - 507 - 230 Total - 277 � Gains on own debt (Corporate Center) � � � +123 +154 -31 Results as at 30.09.2008 | 7
���� �������'������� �����#���������$�������������$����� ����& in €mn 3Q08 3Q07 3Q08 / 3Q07 � CIB � � � - 899 - 68 -831 � One-off increase of the provision on a portfolio basis negl - 50 +50 � Provisions on market counterparties - 899 - 18 -881 Of which monolines classified as doubtful - 462 - -462 Of which Lehman (1) - 343 - -343 Of which Icelandic banks - 83 - -83 � BancWest � � � - 26 - 47 +21 � One-off increase of the provision on a portfolio basis - - 47 +47 � Impairment charge on the investment portfolio - 26 - -26 � AMS � � � - 204 - -204 � Lehman - 169 - -169 � Icelandic banks - 35 - -35 � Corporate Center � � � - 65 - -65 � Provisions on market counterparties (Lehman) - 65 - -65 Total - 1,194 - 115 - 1,079 (1) Replacement costs higher than anticipated due to market conditions Results as at 30.09.2008 | 8
���� ��%��������%�����"����(��� �����������)�����������%����� Revenues (including the impact of the financial crisis) ����� ����� ����� 3Q08 ����� ����� 2Q08 ����� ����� ����� ����� 3Q07 in €mn CIB Retail Banking* AMS ����0 #��*� #��*� #��*� �21 �21 �21 +,-� +,-� +,-� ��� ��� ��� ./� ./� ./� '�� '�� '�� �01 �01 �01 57% 16% 27% Revenues of the operating divisions up 2.4%/3Q07 *Including 100% of French Private Banking and excluding PEL/CEL effects and including 100% of Italian Private Banking Results as at 30.09.2008 | 9
���� 3��"�$����$������ Operating expenses trend** Cost/income ratio** ����� ������ ������ ����� ����� ����� ����� ����� ����� ����� ����� 0% Var Q/Q-4 ����� ����� ����� 1Q07* 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 � CIB’s capital markets bonuses calculated on pre-tax income Proactive and flexible cost management *BNL Proforma in 1Q06 ** Operating divisions Results as at 30.09.2008 | 10
���� 3�����)���������'��������3��"�)������������ ������� Gross operating income � Retail Banking: €1,630mn (+5.4%/3Q07) +9.4% 3,049 � Positive jaws effect of 1.1pt in 9M08 2,807 2,787 � AMS: €350mn (-23.6%/3Q07) ��� ����� ��� � Fall in revenues (-9.5%) as a result of the ��� drop in the value of assets ��� ��� � Proactive cost adjustment (-2.0%) � CIB: €1,069mn (+36.5%/3Q07) ����� ����� ����� � Limited impact of fair value adjustments primarily in cost of risk this quarter in €mn ���� ���� ���� � Bonuses in capital markets calculated �������������� ��� � � on pre-tax income % 3Q08/3Q07 Gross operating income up 9.4%/3Q07 in operating divisions Results as at 30.09.2008 | 11
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