2020 Universal registration document and annual financial report - BNP PARIBAS270
4 Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
Name Country
31 December 2020 31 December 2019
Method Voting
(%) Interest
(%) Ref. Method Voting
(%) Interest
(%) Ref. BNP PUK Holding Ltd UK Full 100% 100% Full 100% 100% BNPP Bank JSC Russia Full 100% 100% Full 100% 100% BNPP Emissions- Und Handels- GmbH (s) Germany Full - - Full - - BNPP Invest Holdings BV Netherlands Full 100% 100% Full 100% 100% BNPP Ireland Unlimited Co Ireland Full 100% 100% Full 100% 100% BNPP Islamic Issuance BV (s) Netherlands Full - - Full - - BNPP Issuance BV (s) Netherlands Full - - Full - - BNPP Net Ltd UK Full 100% 100% Full 100% 100% BNPP Prime Brokerage International Ltd Ireland Full 100% 100% Full 100% 100% BNPP Technology LLC Russia Full 100% 100% E2 BNPP Vartry Reinsurance DAC Ireland Full (2) 100% 100% Full (2) 100% 100% Diamante Re SRL Italy Full 100% 100% Full 100% 100% Ejesur SA Spain Full 100% 100% Full 100% 100% FScholen Belgium Equity (3) 50% 50% Equity (3) 50% 50% Greenstars BNPP Luxemburg Full (2) 100% 100% Full (2) 100% 100% D1 Kantox Ltd UK Equity 8.8% 8.8% E3 Madison Arbor Ltd (s) Ireland Full - - Full - - Matchpoint Finance PLC (s) Ireland Full - - Full - - Ribera Del Loira Arbitrage Spain Full 100% 100% Full 100% 100% Scaldis Capital Ltd (s) Jersey S3 Full - - Single Platform Investment Repackaging Entity SA (s) Luxemburg Full - - E2 Utexam Logistics Ltd Ireland Full 100% 100% Full 100% 100% Utexam Solutions Ltd Ireland Full 100% 100% Full 100% 100% Middle East
BNPP Investment Co KSA Saudi Arabia Full 100% 100% Full 100% 100% Americas
Banco BNPP Brasil SA Brazil Full 100% 100% Full 100% 100% BNPP Canada Corp. Canada Full 100% 100% Full 100% 100% BNPP Capital Services Inc. USA Full 100% 100% Full 100% 100% BNPP Colombia Corporacion Financiera SA Colombia Full 100% 100% Full 100% 100% BNPP Energy Trading GP USA S1 Full 100% 100% BNPP Energy Trading LLC USA S1 Full 100% 100% BNPP EQD Brazil Fund Fundo de Investmento Multimercado (s) Brazil Full - - Full - - BNPP FS LLC USA Full 100% 100% Full 100% 100% BNPP IT Solutions Canada Inc. Canada Full 100% 100% Full 100% 100% BNPP Proprietario Fundo de Investimento Multimercado (s) Brazil Full - - Full - - BNPP RCC Inc. USA Full 100% 100% Full 100% 100% BNPP Securities Corp. USA Full 100% 100% Full 100% 100% BNPP US Investments Inc. USA Full 100% 100% Full 100% 100% BNPP US Wholesale Holdings Corp. USA Full 100% 100% Full 100% 100% BNPP USA Inc. USA Full 100% 100% Full 100% 100% BNPP VPG Brookline Cre LLC (s) USA Full - - Full - - BNPP VPG CT Holdings LLC (s) USA Full - - Full - - BNPP VPG EDMC Holdings LLC (s) USA Full - - Full - - BNPP VPG Express LLC (s) USA Full - - Full - -
Name Country
31 December 2020 31 December 2019
Method Voting
(%) Interest
(%) Ref. Method Voting
(%) Interest
(%) Ref. BNPP VPG I LLC (Ex- BNPP VPG Brookfin LLC) (s) USA Full - - Full - - BNPP VPG II LLC (Ex- BNPP VPG Adonis LLC) (s) USA Full - - Full - - BNPP VPG Master LLC (s) USA Full - - Full - - Dale Bakken Partners 2012 LLC USA FV 23.8% 23.8% FV 23.8% 23.8% Decart Re Ltd (s) Bermuda Full (2) - - Full (2) - - FSI Holdings Inc. USA Full 100% 100% Full 100% 100% Starbird Funding Corp. (s) USA Full - - Full - - Pacific Asia
Bank BNPP Indonesia PT Indonesia Full 100% 100% Full 100% 100% BNPP Arbitrage Hong Kong Ltd Hong Kong Full 100% 100% Full 100% 100% BNPP China Ltd China Full 100% 100% Full 100% 100% BNPP Commodities Trading Shanghai Co Ltd China S3 Full 100% 100% BNPP Finance Hong Kong Ltd Hong Kong Full 100% 100% Full 100% 100% BNPP India Holding Private Ltd India Full 100% 100% Full 100% 100% BNPP India Solutions Private Ltd India Full 100% 100% Full 100% 100% BNPP Malaysia Berhad Malaysia Full 100% 100% Full 100% 100% BNPP Securities Asia Ltd Hong Kong Full 100% 100% Full 100% 100% BNPP Securities India Private Ltd India Full 100% 100% Full 100% 100% BNPP Securities Japan Ltd Japan Full 100% 100% Full 100% 100% BNPP Securities Korea Co Ltd Rep. of Korea Full 100% 100% Full 100% 100% BNPP Securities Taiwan Co Ltd Taiwan Full 100% 100% Full 100% 100% BNPP Sekuritas Indonesia PT Indonesia Full 99% 99% Full 99% 99% BPP Holdings Pte Ltd Singapore Full 100% 100% Full 100% 100% Global Trade Network Pte Ltd Singapore Equity 7.5% 7.5% E3 Other business units Principal Investments
BNPP Agility Capital France Full 100% 100% E1 BNPP Agility Fund Equity SLP (s) France Full (4) - - E1 BNPP Agility Fund Private Debt SLP (s) France Full (4) - - E1 Property Companies (Property Used In Operations) and Others
Antin Participation 5 France Full 100% 100% Full 100% 100% BNPP Home Loan SFH France Full (1) 100% 100% Full (1) 100% 100% BNPP Partners for Innovation France Equity 50% 50% Equity 50% 50% BNPP Procurement Tech France Full 100% 100% Full 100% 100% BNPP Public Sector SCF France Full (1) 100% 100% Full (1) 100% 100% Euro Secured Notes Issuer (s) France Full - - Full - - FCT Laffitte 2016 (s) France Full - - Full - - FCT Opéra 2014 (s) France Full - - Full - - GIE Groupement Auxiliaire de Moyens France Full 100% 100% Full 100% 100% GIE Groupement d Études et de Prestations France Full 100% 100% Full 100% 100%
(a) At 31 December 2020, 12 Private Equity investment entities versus 11 entities at 31 December 2019. (b) At 31 December 2020 the securitisation funds UCI and RMBS Prado include 16 funds (FCC UCI 9 to 12, 14 to 17, Fondo
de Titulizacion Structured Covered Bonds, RMBS Prado II to VII and Green Belem I) versus 15 funds (FCC UCI 9 to 12, 14 to 17, Fondo de Titulizacion Structured Covered Bonds and RMBS Prado I to VI) at 31 December 2019.
(c) At 31 December 2020, 112 Construction-sale companies (89 Full and 23 Equity) versus 103 at 31 December 2019 (84 Full and 19 Equity).
As requested by the ANC 2016 regulation, the list of entities that are controlled by the Group, jointly controlled or under significant influence, but excluded from the scope of consolidation since their contribution to the consolidated financial statements would be immaterial to the Group, and the list of equity investments, are available on the Regulated Information page of the https://invest.bnpparibas.com/en website.
Changes in the scope of consolidation New entries (E) in the scope of consolidation E1 Passing qualifying thresholds E2 Incorporation E3 Purchase, gain of control or significant influence Removals (S) from the scope of consolidation S1 Cessation of activity (dissolution, liquidation ) S2 Disposal, loss of control or loss of significant influence S3 Passing qualifying thresholds S4 Merger, Universal transfer of assets and liabilities Variance (V) in voting or ownership interest V1 Additional purchase V2 Partial disposal V3 Dilution V4 Increase in %
Miscellaneous D1 Consolidation method change not related to fluctuation in voting or ownership interest Equity* Controlled but non material entities consolidated under the equity method as associates FV Joint control or investment in associates measured at Fair Value through P&L (s) Structured entities
Prudential scope of consolidation (1) French subsidiaries whose supervision of prudential requirements is complied with through the supervision on
a consolidated basis of BNP Paribas SA, in accordance with article 7.1 of Regulation n°575/2013 of the European Parliament and of the Council
(2) Entities consolidated under the equity method in the prudential scope (3) Jointly controlled entities under proportional consolidation in the prudential scope (4) Collective investment undertaking excluded from the prudential scope.