2020 Universal registration document and annual financial report - BNP PARIBAS20
1 Presentation of the BnP PariBas GrouP
1
BNP Paribas and its shareholders
LISTING INFORMATION
When the shareholders of BNP and Paribas approved the merger between the two banks at the Combined General Meeting of 23 May 2000, BNP shares became BNP Paribas shares. The Euroclear-France code for BNP Paribas is the same as the previous BNP code (13110). Since 30 June 2003, BNP Paribas shares have been registered under ISIN code FR0000131104. To help increase the number of shares held by retail shareholders, BNP Paribas carried out a two-for-one share split on 20 February 2002, reducing the par value of the shares to EUR 2.
BNP shares were first listed on the Cash Settlement Market of the Paris Stock Exchange on 18 October 1993, following privatisation, before being transferred to the Monthly Settlement Market on 25 October of that year. When the monthly settlement system was discontinued on 25 September 2000, BNP Paribas shares became eligible for Euronext s Deferred Settlement Service (SRD).
The share has been traded in London on the LSE Composite OTC, on the Frankfurt Stock Exchange and in Milan on the Global Equity Market since 24 July 2006. Since privatisation, a Level 1 144A ADR (American
Depositary Receipt) programme has been active in the United States, where JP Morgan Chase is the depositary bank (2 ADRs correspond to 1 BNP Paribas share).
The ADRs have been traded on OTCQX International Premier since 14 July 2010 in order to provide better liquidity and visibility to US investors.
BNP Paribas has been part of the CAC 40 index since 17 November 1993 and became part of the EURO STOXX 50 index on 1 November 1999. Since 18 September 2000, it has been part of the STOXX 50 index. BNP Paribas also joined the DJ Banks Titans 30 Index, an index comprising the 30 largest banks worldwide. It is also included in the EURO STOXX Banks and STOXX Banks indices. BNP Paribas shares are also included in the main sustainable development benchmarks (see chapter 7), including Euronext Vigeo Eiris, FTSE4Good Index Series, Dow Jones Sustainability World & Europe Indices and Stoxx Global ESG Leaders index.
All of these elements foster liquidity and share price appreciation, as the BNP Paribas share is necessarily a component of every portfolio and fund that tracks the performance of these indexes.
➤ BNP PARIBAS SHARE PRICE PERFORMANCE BETWEEN 31 DECEMBER 2017 AND 31 DECEMBER 2020
Comparison with the EURO STOXX Banks, STOXX Banks and CAC 40 indexes (rebased on share price)
Euros
20
30
40
50
60
70
3 1/ 12
/1 7
3 0/ 01
/1 8
28 /0 2/ 18
31 /0 3/ 18
31 /0 5/ 18
3 1/ 07
/1 8
30 /0 9/ 18
31 /1 2/ 18
28 /0 2/ 19
30 /0 4/ 19
30 /0 6/ 19
31 /0 8/ 19
31 /1 0/ 19
3 1/ 12
/1 9
28 /0 2/ 20
30 /0 4/ 20
30 /0 6/ 20
31 /0 8/ 20
31 /1 0/ 20
31 /1 2/ 20
30 /0 4/ 18
31 /0 8/ 18
31 /0 3/ 19
31 /0 7/ 19
30 /1 1/ 19
31 /0 3/ 20
31 /0 7/ 20
30 /1 1/ 20
30 /0 6/ 18
30 /1 1/ 18
31 /1 0/ 18
31 /0 1/ 19
31 /0 5/ 20
30 /0 9/ 20
31 /0 5/ 19
30 /0 9/ 19
31 /0 1/ 20
FRANCE CAC 40 DJ EURO STOXX BANKS
BNP PARIBAS
DJ STOXX BANKS
Source: Bloomberg.
In the three-year period from 29 December 2017 to 31 December 2020, BNP Paribas share price fell 30.8% from EUR 62.25 to EUR 43.105, outperforming other eurozone banks (Euro Stoxx Banks: -43.5%), European banks (Stoxx Banks: -41.2%), but significantly under performing the CAC 40 (+4.5%).
In the last year, since early 2020, BNP Paribas share price fell 18.4% from EUR 52.83 to EUR 43.105, outperforming not only other eurozone banks (-23.7%) and European banks (-24.5%) but underperforming the CAC 40 (-7.1%). During this period, European banking stocks were impacted by the effects of the Covid-19 health crisis and by the European Central Bank s recommendation to suspend dividend payments.