2020 Universal registration document and annual financial report - BNP PARIBAS 121

3.1 BNP Paribas consolidated results 122 Mobilisation at the service of the economy 122 Resilient results in a context marked by the health crisis Positive jaws effect 122

3.2 Core Business results 124 Retail Banking & Services 124 Domestic Markets 125 International Financial Services 130 Corporate and Institutional Banking (CIB) 135 Corporate Centre 138

3.3 Balance sheet 139 Assets 139 Liabilities 140 Minority interests 141 Shareholders equity 141 Financing and guarantee commitments 141

3.4 Profit and loss account 142 Revenues 142 Operating expenses, depreciation and amortisation 144 Gross operating income 144 Cost of risk 144 Operating income 145 Net income attributable to equity holders 145 Minority interests 145

3.5 Recent events 146 Products and services 146 Acquisitions and partnerships 146

3.6 Outlook 146 2021 Trends 146 Information on trends 147

3.7 Financial structure 148

3.8 Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation 149

2020 REVIEW OF OPERATIONS3