Cost of risk - BNP Paribas

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Cost of risk - BNP Paribas

International Retail Services

Emerging Retail Banking

2Q08 2Q07 2Q08/ 1Q08 2Q08/ 1H08 1H07 1H08/

In millions of euros 2Q07 1Q08 1H07

Revenues 440 346 +27.2% 403 +9.2% 843 657 +28.3%

Operating Expenses and Dep. -276 -221 +24.9% -262 +5.3% -538 -426 +26.3%

Gross Operating Income 164 125 +31.2% 141 +16.3% 305 231 +32.0%

Provisions -22 -16 +37.5% -36 -38.9% -58 -27 +114.8%

Operating Income 142 109 +30.3% 105 +35.2% 247 204 +21.1%

Associated Companies 5 1 n.s. 3 +66.7% 8 6 +33.3%

Other Non Operating Items 0 1 n.s. 111 n.s. 111 1 n.s.

Pre-Tax Income 147 111 +32.4% 219 -32.9% 366 211 +73.5%

Cost/Income 62.7% 63.9% -1.2 pt 65.0% -2.3 pt 63.8% 64.8% -1.0 pt

Allocated Equity (€bn) 1.9 1.3 +46.8%

At constant scope and exchange rates/2Q07: Revenues: +28.9%; Operating expense: +28.8%; GOI: +29.1%

Continued fast-paced revenue growth: 27.2%/2Q07 (28.9% at constant

scope and exchange rates)

TEB: 43.4% at constant scope and exchange rates

UkrSibbank: 33.1% at constant scope and exchange rates

North Africa: 16.8% at constant scope and exchange rates

Moderate cost of risk

Results as at 30.06.2008 International Retail Services

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