2019 Universal registration document and annual financial report - BNP PARIBAS 217
4Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
Goodwill by cash-generating unit is as follows:
The cash-generating units to which goodwill is allocated are:
Arval: Specialist in vehicle long-term leasing and mobility, Arval offers corporates (from multinational companies to small and medium companies), employees and individuals tailored solutions that optimise their mobility.
Leasing Solutions: BNP Paribas Leasing Solutions uses a multi-channel partnership approach (sales via referrals, partnerships, direct sales and banking networks) to offer corporate and small business clients an array of leasing and rental solutions, ranging from equipment financing to fleet outsourcing.
New digital businesses: they include in particular the account management service Nickel , open to all, without any conditions regarding income, deposits or personal wealth, and without any overdraft or credit facility. This service, which operates in real time using the latest technology, is available through over 5,500 points of sale.
Personal Investors: BNP Paribas Personal Investors is a digital specialist of banking and investment services. Mainly based in Germany, India, Austria and Spain, it provides a wide range of banking, savings and long and short term investment services to individual clients via the internet, and also on the phone and face-to-face. In addition to its activities destined to private clients, Personal Investors offers its services and IT platform to independent financial consultants, asset managers and FinTechs.
Asset Management: BNP Paribas Asset Management is the dedicated asset management business line of the BNP Paribas Group and offers services to individual investors (through internal distributors BNP Paribas Private and Retail Banking and external distributors), to corporates and to institutional investors (insurance companies, retirement funds, official institutions, consultants). Its aim is to offer an added value based on a broad range of expertise throughout its active management of equities
In millions of euros
Carrying amount Impairment recognised
during the year ended 2019 Acquisitions during the year ended 2019
31 December 2019 31 December 2018 Year to
31 Dec. 2019 Year to
31 Dec. 2018 Year to
31 Dec. 2019 Year to
31 Dec. 2018
Retail Banking & Services 6,602 7,348 (820) (30) (2) 69
Domestic Markets 1,440 1,428 17
Arval 515 503
Leasing Solutions 151 151 17
New Digital Businesses 159 159
Personal Investors 609 609
Others 6 6
International Financial Services 5,162 5,920 (820) (30) (2) 52
Asset Management 187 185 15
Insurance 353 352
BancWest 2,571 3,008 (500)
Personal Finance 1,293 1,303
Personal Finance partnership tested individually 318 (318) (30)
Real Estate 407 404 (2) (2)
Wealth Management 314 313 (2) 39
Others 37 37
Corporate & Institutional Banking 1,212 1,136 57 30
Corporate Banking 277 276
Global Markets 481 418 57
Securities Services 454 442 30
Other Activities 3 3
TOTAL GOODWILL 7,817 8,487 (820) (30) 55 99
Negative goodwill 2 83
CHANGE IN VALUE OF GOODWILL RECOGNISED IN THE PROFIT AND LOSS ACCOUNT (818) 53
