2018 Registration document and annual fi nancial report - BNP PARIBAS 135

32018 REVIEW OF OPERATIONS

3

Recent events

3.5 Recent events

PRODUCTS AND SERVICES

BNP Paribas regularly introduces new products and services for its customers. More information is available on the Group s websites, including in the press releases available at www.invest.bnpparibas.com.

ACQUISITIONS AND PARTNERSHIPS

On 31 October 2018, BNP Paribas Group closed the acquisition of the core banking operations of Raiffeisen Bank Polska (the Core Bank ), merged today with the subsidiary of BNP Paribas in Poland, BGZ BNP Paribas. The Core Bank consists of the business of Raiffeisen Bank Polska ( RBPL ), excluding the foreign currency retail mortgage loan portfolio and excluding a limited amount of other assets. Corporate and retail gross loans of the Core Bank amount to PLN 19 billion (equivalent to EUR 4.4 billion(1) and customer deposits to PLN 34 billion (equivalent to EUR 7.9 billion(1)) at year-end 2017.

The transaction price is set at PLN 3.25 billion (EUR 756 million(1)), corresponding to ~87% of the Core Bank book value at closing and ~95% of its tangible book value.

The transaction had an impact of -10 bp on the CET1 ratio of the BNP Paribas Group in the fourth quarter 2018 and will improve its earnings per share by ~1.0% in 2020.

(1) /PLN rate of ~4.3 as at 30/10/2018.