Banken for en verden i endring The bank for a ... - BNP Paribas

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Jan. 05 Feb. 05 Mar. 05 Apr. 05 May 05 June 05 Jul. 05 Aug. 05 Sept. 05 Oct. 05 Nov. 05 Dec. 05 Jan. 06 Feb. 06 Mar. 06 Apr. 06 May 06 June 06 Jul. 06 Aug. 06 Sept. 06 Oct. 06 Nov. 06 Dec. 06 Jan. Feb. Mar. Apr. May June Jul. Aug. Sept. Oct. Nov. Dec. Average monthly share prices and monthly highs and lows since January 2005 54.53 54.78 54.71 53.15 55.32 53.28 High Low 55.86 54.13 Average Source: Datastream. 55.27 54.03 54.92 50.51 53.59 55.77 56.46 51.25 56.51 54.92 58.46 59.38 60.63 55.66 60.63 57.60 60.05 62.76 58.24 62.56 64.15 61.27 66.15 67.97 62.96 67.43 68.61 66.48 70.25 72.83 68.07 74.94 75.26 75.06 75.08 • As at 29 December 2006, the BNP Paribas share was listed at EUR 82.65, up 21.87% compared with 31 December 2005, when it was listed at EUR 67.82. By way of comparison, during 2006 the CAC 40 index increased by 17.53%, the Stoxx 50 by 10.39% and the DJ Stoxx Bank index by 18.71%. • From 2 January 2004 to 29 December 2006, the BNP Paribas share price gained 66.87%, compared with rises of 55.76%, 38.97% and 58.07% for the CAC 40, DJ Stoxx 50 and DJ Stoxx Bank indexes respectively. • BNP Paribas’ market capitalisation totalled EUR 76.9 billion at 29 December 2006, representing the 4th-largest capitalisation in the CAC 40 index, as opposed to the 5th-largest at the end of 2005. In terms of free fl oat, BNP Paribas is still the 3rd-largest in the Paris index. During the same period, BNP Paribas was the 3rd-largest in the DJ Euro Stoxx 50 in terms of free fl oat, compared to the 11th-largest at the end of 2005. • Transaction volumes increased by 15.7%, with an average of 4,358,733 shares traded daily during the year, compared to 3,768,874 shares per session in 2005. This increase, which exceeds the creation of shares (1 for 10) in connection with the March 2006 share issue, refl ects the stock’s enhanced liquidity. 78.59 71.09 77.99 72.80 77.35 72.90 78.00 71.85 71.46 74.85 67.30 3,692 4,595 74.60 77.40 70.80 6,049 4,105 81.22 83.85 75.05 6,060 83.34 85.20 81.95 2006 trading volume on euronext Paris 261.4 344.3 Jan. Feb. 453.5 308.1 453.1 5,623 401.0 Mar. Apr. May June 4,111 86.31 87.95 84.10 Daily average in thousands of shares 3,459 Daily average in millions of euros Source: Euronext Paris. 3,352 84.38 86.85 80.90 81.72 83.15 79.90 3,063 3,822 4,240 305.8 279.1 277.3 264.6 321.5 345.7 Jul. Aug. Sept. Oct. Nov. Dec.
Yield and performance data French GAAP IFRS In euros 2002 2003 2004 2005 2006 Earnings per share (1) * 3.8 4.3 5.5 7.0 8.0 Net assets per share (2) * 30.3 32.7 35.9 45.8 49.8 Net dividend per share 1.20 1.45 2.00 2.60 3.10 (3) Payout rate (in %) (4) 32.6 34.8 37.9 37.4 40.3 (3) Share price (5) * High (5) * Low Year-end * 60.77 28.77 38.53 49.53 32.40 49.53 54.57 45.71 52.89 sSHAREHOLDERS’ 16-17 INFORMATION 68.71 50.31 67.82 88.50 66.65 82.65 CAC 40 index on 31 December 3,063.91 3,557.90 3,821.16 4,715.23 5,541.76 * Data in the above table have been adjusted to refl ect the two-for-one share split carried out on 20 February 2002 as well as the share issue with preferential subscription rights in March 2006 (adjustment ratio = 0.992235740050131). (1) Based on the average number of shares outstanding during the year. (2) Before dividends. Net book value based on the number of shares outstanding at year-end. (3) Subject to approval at the Annual General Meeting of 15 May 2007. (4) Dividend recommended at the Annual General Meeting expressed as a percentage of earnings per share. (5) Registered during trading. Creating value for shareholders Total shareholder return (TSR) Calculation parameters • The dividend is assumed to have been reinvested in BNP shares then BNP Paribas shares and includes the “avoir fi scal” tax credit at a rate of 50% (until it was abolished at the beginning of 2005). • Returns are gross returns, i.e. before any tax payments or brokerage fees. Calculation results The following table indicates, for the various durations given and up to 31 December 2006, the total return on a BNP share, then a BNP Paribas share, as well as the effective annual rate of return. Investment date Initial investment Effective annual Holding period (opening price) multiplied by rate of return Since privatisation 18/10/1993 x 7.42 +16.38% 13 years 03/01/1994 x 5.71 +14.34% 12 years 03/01/1995 x 6.52 +16.92% 11 years 02/01/1996 x 7.08 +19.47% 10 years 02/01/1997 x 7.59 +22.46% 9 years 02/01/1998 x 4.57 +18.40% 8 years 04/01/1999 x 3.00 +14.71% 7 years 03/01/2000 x 2.31 +12.74% 6 years 02/01/2001 x 2.20 +13.98% 5 years 02/01/2002 x 2.00 +14.83% 4 years 02/01/2003 x 2.46 +25.27% 3 years 02/01/2004 x 1.88 +23.37% 2 years 03/01/2005 x 1.68 +29.55% 1 year 02/01/2006 x 1.26 +26.17%
Page 1: Annual report 2006 The bank for a c
Page 4 and 5: key figures Net banking income (in
Page 6 and 7: chairman’s and chief executive of
Page 8 and 9: outlook FRENCH RETAIL BANKING For 2
Page 10 and 11: executive committee Pierre Mariani
Page 12 and 13: corporate governance a b c d e f g
Page 14 and 15: j. Jean-François Lepetit Elected o
Page 16 and 17: s Changes in shareholder structure
Page 20 and 21: s BNP Paribas uses two methods to m
Page 22 and 23: Shareholder Liaison Committee After
Page 24 and 25: s All resolutions proposed to the s
Page 26 and 27: promoting innovation BNP Paribas ha
Page 29 and 30: CORPORATE AND INVESTMENT BANKING GL
Page 31 and 32: e The Equities and Derivatives busi
Page 33 and 34: over 250 professionals are active o
Page 35 and 36: cCORPORATE AND INVESTMENT BANKING c
Page 37 and 38: • It was also a record year for p
Page 39: cash management Within Corporate an
Page 42 and 43: individual clients Powerful drive t
Page 44 and 45: entrepreneurs and freelance profess
Page 46 and 47: Regional Trading Rooms Against a ba
Page 49 and 50: INTERNATIONAL RETAIL BANKING AND FI
Page 51 and 52: Cetelem steps up its development in
Page 53 and 54: mortgage financing UCB and its subs
Page 55 and 56: BancWest forged ahead with its deve
Page 57: The Bank also set up operations in
Page 60 and 61: 2006, a benchmark year for the BNL
Page 63 and 64: ASSET MANAGEMENT AND SERVICES The A
Page 65 and 66: • socially responsible products (
Page 67 and 68: France • Long-term asset gatherin
Page 69 and 70:
Developing integrated technology pl
Page 71 and 72:
Property Management In commercial r
Page 73 and 74:
Revenues generated by the protectio
Page 75 and 76:
BNP Paribas Securities Services acq
Page 77:
BNP PARIBAS PRINCIPAL INVESTMENTS B
Page 80 and 81:
a Responsibility based on core valu
Page 82 and 83:
a An integrated approach The Group
Page 84 and 85:
human resources development The peo
Page 86 and 87:
Non-discrimination and the promotio
Page 88 and 89:
Awareness-raising and training r Di
Page 90 and 91:
a partner in society A deepening co
Page 92 and 93:
p Youth outreach programs BNP Parib
Page 94 and 95:
pIt supports international initiati
Page 96 and 97:
glossary Accretion ADR (American De
Page 98 and 99:
Euronext SA FCP (Fonds Commun de Pl
Page 100 and 101:
OPV (Offre Publique de Vente) ORA (
Page 102:
Subscription right TBB (Taux de Bas
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Banken for en verden i endring The bank for a ... - BNP Paribas

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