Cost of risk - BNP Paribas

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Cost of risk - BNP Paribas

Synergies booked in 2Q08

Gross revenue synergies: €42mn,

of which €19mn for BNL bc

Marginal costs*: €17mn,

of which €16mn for BNL bc

Cost synergies: €41mn,

of which €34mn for BNL bc

80% of the revised plan’s synergies

already implemented as at 30 June

2008

Net revenue synergies: €136mn

(59% of the revised total for 2009)

Cost synergies: €302mn

(95% of the revised total for 2009)

2006

38 185 207

120

in €mn

38 185 111 104

2006

accounts

Results as at 30.06.2008 BNL

40

19

Gross revenue

synergies

-16

BNL: Synergies

Synergy progress

2007 2008 2009

In €mn

80%

2007

accounts

2008

accounts

Synergies booked in 2Q08

42 -17

34

Implemented

€438mn

Full year effect of synergies

already implemented

41 66

37

Marginal costs* Cost synergies Total synergies

BNL bc Other divisions

Revised plan

€550mn

* Costs associated with achieving revenue synergies

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