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Italy: Developing our Second Home Market - BNP Paribas

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Asset gathering<br />

life insurance,<br />

mutual funds and<br />

discretionary<br />

management<br />

Assets<br />

under custody<br />

BNL bonds<br />

Current accounts<br />

Asset Management and Services<br />

BNL: Large Potential for Asset Gathering<br />

BNL client assets<br />

35%<br />

20%<br />

15%<br />

30%<br />

S<strong>our</strong>ce: BNL estimates as of 31 December 2005<br />

Give access to BNL clients to<br />

more sophisticated products<br />

adapted to their needs and risk<br />

return profile<br />

Transform assets under<br />

custody into asset gathering<br />

Progressively transform BNL<br />

bonds into asset gathering<br />

demand<br />

81

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