2012 Registration document and annual financial report - BNP Paribas

32012REVIEW OF OPERATIONSCore business results3.2 Core business resultsRETAIL BANKINGIn millions of euros 2012 2011 2012/2011Revenues 24,911 24,806 +0.4%3Operating Expenses and Dep. (15,088) (15,098) -0.1%Gross Operating Income 9,823 9,708 +1.2%Cost of Risk (3,505) (3,568) -1.8%Operating Income 6,318 6,140 +2.9%Associated Companies 192 165 +16.4%Other Non Operating Items 98 98 +0.0%Pre-Tax Income 6,608 6,403 +3.2%Income Attributable to Investment Solutions (209) (206) +1.5%Pre-Tax Income of Retail Banking 6,399 6,197 +3.3%Cost/Income 60.6% 60.9% -0.3 ptAllocated Equity (€bn) 33.7 32.9 +2.4%Including 100% of Private Banking of the domestic markets in France (excluding PEL/CEL effects), Italy, Belgium and Luxembourg for the Revenues to Pre-T axI ncome line items.DOMESTIC MARKETSIn millions of euros 2012 2011 2012/2011Revenues 15,730 15,795 -0.4%Operating Expenses and Dep. (9,981) (10,160) -1.8%Gross Operating Income 5,749 5,635 +2.0%Cost of Risk (1,573) (1,405) +12.0%Operating Income 4,176 4,230 -1.3%Associated Companies 40 20 +100.0%Other Non Operating Items (1) 12 n.s.Pre-Tax Income 4,215 4,262 -1.1%Income Attributable to Investment Solutions (209) (206) +1.5%Pre-Tax Income of Domestic Markets 4,006 4,056 -1.2%Cost/Income 63.5% 64.3% -0.8 ptAllocated Equity (€bn) 21.2 21.0 +1.1%Including 100% of Private Banking of the domestic markets in France (excluding PEL/CEL effects), Italy, Belgium and Luxembourg for the Revenues to Pre-T axI ncome line items.782012 Registration document and annual financial report - BNP PARIBAS