La banque d'un monde qui change 2004 - BNP Paribas

Consolidated FInancial statementsNOTE 4CUSTOMER ITEMSIn millions of euros, at 31 December 2004 2003 2002Gross Provisions Net Net NetDue from customersCommercial and industrial loans 12,381 - 12,381 10,041 11,806Overdrafts 14,555 - 14,555 12,822 12,908Other credits:- short-term loans 55,046 - 55,046 44,145 50,503- mortgage loans 57,851 - 57,851 46,739 42,701- investment loans 26,212 - 26,212 22,031 22,452- export loans 9,958 - 9,958 4,531 4,462- other customer loans 34,525 (833) 33,692 36,384 38,024Total other credits 183,592 (833) 182,759 153,830 158,142Doubtful customer loans 11,045 (7,513) 3,532 4,250 4,385Accrued interest 949 - 949 1,217 1,277Securities and bills purchased outright or under resale agreements 23,146 - 23,146 19,319 16,103Subordinated loans (a) 193 (7) 186 132 98Total due from customers (b) 245,861 (8,353) 237,508 201,611 204,719Leasing receivables 20,989 (417) 20,572 20,362 20,622Total customer items 266,850 (8,770) (c) 258,080 221,973 225,341Including accrued interest 1,168 1,494 1,620(a) Participating loans granted to BNP Paribas customers included under “Subordinated loans” amounted to EUR 77 million at 31 December 2004 (EUR 59 million at 31 December 2003 and EUR 53 millionat 31 December 2002).(b) Loans qualifying for refinancing by Banque de France amounted to EUR 9,904 million at 31 December 2004 (EUR 7,879 million at 31 December 2003 and EUR 8,079 million at 31 December 2002).(c) Including EUR 851 million in general provisions for country risks.Total customer items, excluding repurchase agreements and provisions for country risks, break down as follows by counterparty:In millions of euros, 2004 2003at 31 DecemberFinancial Corporate Small Private Government Other Total Totalinstitutions businesses individuals agenciesSound loans 9,787 115,990 16,018 82,094 6,618 1,405 231,912 198,908Including restructured loans 5 36 455 92 588 398Doubtful loansGross outstanding loans 114 7,048 733 3,687 200 10 11,792 13,252Including irrecoverable loans 82 4,313 630 2,858 130 10 8,023 8,730Specific provisions (50) (4,642) (512) (2,607) (101) (7) (7,919) (8,543)Net outstanding loans 64 2,406 221 1,080 99 3 3,873 4,709Total net 9,851 118,396 16,239 83,174 6,717 1,408 235,785 203,617Net irrecoverable loans – which amounted to EUR 8,023 million at 31 December 2004 (EUR 8,730 million at 31 December 2003)– were covered by a EUR 5,746 million provision (EUR 5,523 million at 31 December 2003).223BNP PARIBAS - ANNUAL REPORT 2004