Cost of risk - BNP Paribas

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Cost of risk - BNP Paribas

AA+ rating reaffirmed on 01.07.08

“Strong and highly diversified business

profile; sound financial position, characterized by

contained risk, satisfactory profitability, adequate

capitalization, and high financial flexibility; … ”

AA rating reaffirmed on 03.07.08

“… high income diversification,

respectable and stable profitability,

strong risk management, sound

and good-quality capital ratios…”

Adequate Capitalisation

A 7.6% Tier 1 ratio which, given BNP Paribasrisk profile, ensures the sector’s

best credit quality, as confirmed by:

Ratings agencies

Results as at 30.06.2008 BNP Paribas Group

27

200

150

100

50

Spreads (bp)

The market

5-year senior CDS spreads

January February Mars April May June June

No No pressure to to raise capital

One of the lowest CDS spreads

RBoS

UBS

Crédit Suisse

Crédit Agricole

Santander

SocGen

Deutsche Bank

Unicredito

Rabobank

BNP Paribas

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