RISULTATI AL 31 DICEMBRE 2007 - BNP Paribas

Securities Business
RISULTATI AL 31 DICEMBRE 2007
4Q07 4Q06 4Q07 / 3Q07 4Q07 / 2007 2006 2007 /
In millions of euros 4Q06 3Q07 2006
Revenues 278 222 +25.2% 286 -2.8% 1,127 905 +24.5%
Operating Expenses and Dep. -238 -187 +27.3% -236 +0.8% -877 -705 +24.4%
Gross Operating Income 40 35 +14.3% 50 -20.0% 250 200 +25.0%
Provisions 0 0 n.s. 0 n.s. 0 0 n.s.
Operating Income 40 35 +14.3% 50 -20.0% 250 200 +25.0%
Non Operating Items 1 0 n.s. 0 n.s. 1 1 +0.0%
Pre-Tax Income 41 35 +17.1% 50 -18.0% 251 201 +24.9%
Cost/Income 85.6% 84.2% +1.4 pt 82.5% +3.1 pt 77.8% 77.9% -0.1 pt
Allocated Equity (Ebn) 0.7 0.6 +19.6%
Pre-Tax ROE 37% 36% +1 pt
At constant scope and exchange rates/4Q06: Revenues: +21.2%; Operating expenses: +20.9%;
GOI: +22.6%
Very robust sales and marketing drive
Continued high growth in volumes (number of transactions: +51%/4Q06)
Stable cost/income ratio/2006 in a context of fast-growing expansion
Created TEB Securities Services in Turkey
Integrated in 3Q and 4Q acquisitions in Spain, Italy and in the British Isles
Invested to promote organic growth
Fresh rise in profitability
Pre-tax ROE: 37% (+1 pt/2006)
An Integrated Origination-Distribution Model
Innovative capacities
Open, multi-management
architecture
Global creditor insurance leader
Continue to expand the
alternative and structured
products
A range of products with
recognised performance
Asset management solutions for
all classes of assets
Complete real estate services
solutions
Pan-European Securities
Services
Products and
services from AMS’
business lines
Funds
Investment
services
Life insurance
Protection
Real estate
services
Securities
Services
Multiple
distribution
channels
Face-to-face
Web
Telephone
Direct
An innovative model able to sustain substantial growth
Expanded customer
base
Mass affluents
High net worth
individuals
Corporate and
Institutional
Outside
partners
IFAs
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