2020 Universal registration document and annual financial report - BNP PARIBAS 389
5risks and CaPital adequaCy Pillar 3
5
Credit risk
In millions of euros
31 December 2019
Proforma
Gross carrying value
Impairments
Net carrying
value
BNP Paribas rating or equivalent
TOTAL1 to 3 4 to 5 6 to 8 9 to 10 Defaulted
Central Banks 147,801 1,452 1,985 321 - 151,559 (16) 151,543
Stage 1 147,801 1,441 1,911 - - 151,154 (16) 151,137
Stage 2 - 11 74 321 - 406 - 406
Stage 3 - - - - - - - -
Debt securities at fair value through equity 49,123 2,833 1,793 9 117 53,875 (140) 53,735
Stage 1 49,123 2,702 1,672 - - 53,497 (5) 53,492
Stage 2 - 131 121 9 - 261 (22) 239
Stage 3 - - - - 117 117 (113) 4
Loans and advances at amortised cost 183,774 259,584 388,154 11,451 30,233 873,196 (21,374) 851,822
Stage 1 183,774 247,877 332,798 - - 764,449 (1,632) 762,817
Stage 2 - 11,707 55,356 11,451 - 78,514 (3,176) 75,338
Stage 3 - - - - 30,233 30,233 (16,566) 13,667
Debt securities at amortised cost 96,670 9,576 3,057 98 204 109,605 (134) 109,472
Stage 1 96,670 9,077 2,900 - - 108,647 (30) 108,617
Stage 2 - 499 157 98 - 754 (17) 737
Stage 3 - - - - 204 204 (87) 117
Financing and guarantee commitments 225,753 134,215 117,438 2,627 2,526 482,559 (818) 481,741
Stage 1 225,753 131,269 106,556 - - 463,578 (259) 463,319
Stage 2 - 2,946 10,882 2,627 - 16,455 (225) 16,230
Stage 3 - - - - 2,526 2,526 (334) 2,192
TOTAL 703,121 407,660 512,427 14,505 33,080 1,670,794 (22,482) 1,648,312
The following tables show the breakdown by regulatory asset class, geographic area, and economic sector of doubtful assets and impairments limited to the scope of exposures subject to credit risk (see Table 11:
Prudential balance sheet by risk type (EU LI1-B)). The exposure amounts are gross of impairments and before accounting for credit risk mitigation techniques (funded or unfunded credit protection).
