1132019 Universal registration document and annual financial report - BNP PARIBAS
3.1 BNP Paribas consolidated results 114 Strong growth in income thanks to business drive and transformation 114
3.2 Core Business results 116 Retail Banking & Services 116 Domestic Markets 116 International Financial Services 121 Corporate and Institutional Banking (CIB) 125 Corporate Centre 128
3.3 Balance sheet 129 Assets 129 Liabilities 130 Minority interests 131 Shareholders equity 131 Financing and guarantee commitments 131
3.4 Profit and loss account 132 Revenues 132 Operating expenses, amortisation and depreciation of fixed and intangible assets 134 Gross operating income 134 Cost of risk 134 Net income attributable to equity holders 135 Minority interests 135
3.5 Recent events 136 Products and services 136 Acquisitions and partnerships 136
3.6 Outlook 136 2020 objectives 136 Trend information 138
3.7 Financial structure 138
3.8 Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation 139
2019 REVIEW OF OPERATIONS3