2020 Universal registration document and annual financial report - BNP PARIBAS 509

6information on the Parent ComPany finanCial statements at 31 deCemBer 2020

6

Notes to the parent company financial statements

The fifth resolution of the Shareholders Combined General Meeting of 19 May 2020, which replaced the fifth resolution of the Shareholders Combined General Meeting of 23 May 2019, authorised BNP Paribas SA to buy back shares representing up to 10% of the Bank s issued capital at a maximum purchase price of EUR 73 per share (unchanged from 31 December 2018). The shares could be acquired for the following purposes: for subsequent cancellation in accordance with conditions set by the Shareholders Combined General Meeting of 19 May 2020, to fulfil the Bank s obligations relative to the issue of shares or share equivalents, for stock option plans, for share awards, or for granting or selling shares to employees under an employee profit-sharing plan, employee share ownership plan or Corporate Savings Plan and to cover any type of share award to the employees of BNP Paribas SA and companies controlled exclusively by BNP Paribas SA within the meaning of article L.233-16

of the French Commercial Code; to be held in treasury for subsequent remittance in exchange or payment for acquisitions, mergers, spin-offs or asset transfers; within the scope of a market-making agreement compliant with the Code of Ethics recognised by the AMF; or for asset and financial management purposes.

This authorisation was granted for a period of eighteen months.

At 31 December 2020, BNP Paribas SA held 603,827 treasury shares classified as Equity securities held for long-term investment .

BNP Paribas SA also held 118,144 treasury shares classified as Securities available for sale and intended to be used for free share awards to Group employees, granted or sold as part of an employee profit-sharing plan, employee share ownership plan, or Company Savings Plan.

In millions of euros, at 31 December 2020 31 December 2019

Treasury bills and money-market instruments 104,247 61,925

Bonds and other fixed-income securities 33,162 21,827

Equities and other variable-income securities 150 1,156

TOTAL 137,559 84,908

Following Regulation No. 2020-10 of 22 December 2020, which amended Regulation ANC No. 2014-07, borrowed securities are presented as a deduction from the liabilities representing these same securities for the financial year 2020. The amount of securities borrowed represented EUR 137,559 million as of 31 December 2020 compared with EUR 84,908 million as of 31 December 2019.

3.d TREASURY SHARES

In millions of euros, at

31 December 2020 31 December 2019

Gross carrying amount

Net carrying amount

Net carrying amount

Transaction - - -

Securities available for sale 6 6 6

Investment in subsidiaries 32 32 32

TREASURY SHARES 38 38 38

Borrowed securities held by BNP Paribas SA break down as follows: