2012 Registration document and annual financial report - BNP Paribas

5RISKSAND CAPITAL ADEQUACYLiquidity and funding riskTrends in the cash balance sheet in 2012 are presented hereafter.➤ FIGURE 9: CASH BALANCE SHEET TREND972ASSETSEUR 31bn31/12/11974SURPLUSEUR 69bn31/12/12974LIABILITIES972Deposits with central banksInterbank assetsFixed income securitiesTrading assets with clients5545120611003412059185140189151ST fundingMLT fundingCustomer loans639610Funding needs ofcustomer activityStable funding551546Client depositsTangible and intangible assets52519886Equity and related accounts31/12/1131/12/1231/12/1231/12/115Trends in the Group’s cash balance sheet reflect the completion of itsadjustment plan ahead of the new capital and liquidity requirements.The main changes on the asset side of the 2012 cash balance sheet were:■ the EUR 29 billion decrease in customer loans mainly due to actionstaken under the adjustment plan, particularly by CIB but also by theGroup’s other entities;■ the increase in central bank deposits which reflects the adaptationplans completed by the business lines and the asset allocation strategypending clarification of the liquidity classification of various asset typesfor regulatory liquidity ratios. A portion of interbank assets has thusbeen reallocated to central bank deposits.The main changes on the liability side of the 2012 cash balance sheetwere:■ MLT funding decrease by EUR 11 billion due to more maturing dealsthan new origination, in line with the Group’s balance sheet reduction;■ the change in customer deposits due to inflows in the domesticnetworks;■ t he increase in equity and related accounts stemming from theaccumulation of Group equity and reserves, an increase in revaluationreserves and an increase in provisions for contingencies and charges.WHOLESALE FUNDING INDICATORSPresentation of trends in MLT funding in the Bank’scash balance sheetMLT funding sources depend on conditions in the debt markets (trends inspreads required by the market) and are diversified by type of investor,geographical area and currency.Funding sources are diversified through the various distribution networks,entities, currencies and collateralised or non-collateralised financingprogrammes.The financing structure can also be improved by extending maturities,and target ing more stable funding sources.3062012 Registration document and annual financial report - BNP PARIBAS