2019 Universal registration document and annual financial report - BNP PARIBAS 19
1Presentation 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 shares are also traded on SEAQ International in London and on the Frankfurt Stock Exchange. Since 24 July 2006 they have been traded on the MTA International exchange in Milan. 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 clarity for 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 PERFORMANCE BETWEEN 31 DECEMBER 2016 AND 31 DECEMBER 2019
Comparison with the EURO STOXX Banks, STOXX Banks and CAC 40 indexes (rebased on share price).
Euros
30
35
40
45
50
55
60
65
70
DJ STOXX BANKS
DJ EURO STOXX BANKS
FRANCE CAC 40 BNP PARIBAS
12 /3 1/ 16
0 1/ 30
/1 7
02 /2 8/ 17
03 /3 1/ 17
05 /3 1/ 17
07 /3 1/ 17
09 /3 0/ 17
12 /3 1/ 17
02 /2 8/ 18
04 /3 0/ 18
06 /3 0/ 18
08 /3 1/ 18
10 /3 1/ 18
1 2/ 31
/1 8
02 /2 8/ 19
04 /3 0/ 19
06 /3 0/ 19
08 /3 1/ 19
10 /3 1/ 19
12 /3 1/ 19
04 /3 0/ 17
08 /3 1/ 17
03 /3 1/ 18
07 /3 1/ 18
11 /3 0/ 18
03 /3 1/ 19
07 /3 1/ 19
11 /3 0/ 19
06 /3 0/ 17
11 /3 0/ 17
10 /3 1/ 17
01 /3 1/ 18
05 /3 1/ 19
09 /3 0/ 19
05 /3 1/ 18
09 /3 0/ 18
01 /3 1/ 19
Source: Bloomberg.
In the three-year period from 31 December 2016 to 31 December 2019, BNP Paribas share price fell 12.7% from EUR 60.55 to EUR 52.83, outperforming other euro zone banks (Euro Stoxx Banks: -17.8%), European banks (Stoxx Banks: -15.9%), but significantly under performing the CAC 40 (+22.9%).
In the last year, since early 2019, BNP Paribas share price rose 33.8% from EUR 39.48 to EUR 52.83, outperforming not only other euro zone
banks (+11.1%) and European banks (+8.2%) but also outperforming the CAC 40 (+26.4%). Over this period, European banking shares were initially impacted, in the first three quarters, by uncertainties surrounding global business growth and fears surrounding the persistence of a low interest rate environment, until their valuations benefited from increased visibility in these areas, in terms of regulatory changes and certain geopolitical risks such as Brexit.
