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

NOTE 31NET INTEREST INCOME (EXPENSES) ON CUSTOMER ITEMSExpenses Income In millions of euros Net income (expenses)2004 2003 2002 2004 2003 2002 2004 2003 2002Interest on customer loans(3,241) (2,978) (3,225) 10,332 10,133 11,215 and deposits 7,091 7,155 7,990Interest on securities held or given(581) (546) (470) 420 411 462 under resale/repurchase agreements (161) (135) (8)Interest on subordinated14 4 2 term loans 14 4 2Net interest income(3,822) (3,524) (3,695) 10,766 10,548 11,679 (expenses) on customer items 6,944 7,024 7,984NOTE 32NET INCOME FROM SECURITIES PORTFOLIOIn millions of euros 2004 2003 2002Interest on bonds and other fixed income instrumentsSecurities available for sale 751 653 810Debt securities held to maturity 1,175 1,117 1,080From Codevi “industrial development” securities 229 230 212From hedging of interest rate instruments and other 1,200 1,471 1,830Total interest on bonds and other fixed income instruments 3,355 3,471 3,932Income on equities and other variable income instrumentsSecurities available for sale 41 12 22Equity securities held for long-term investment 147 148 157Investments in non-consolidated undertakings and other participating interests 106 123 144Total income on equities and other variable income instruments 294 283 323Net income from securities portfolio 3,649 3,754 4,255256BNP PARIBAS - ANNUAL REPORT 2004