2018 Registration document and annual fi nancial report - BNP PARIBAS146

3 2018 REVIEW OF OPERATIONS

3

Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation

In millions of euros 2018 2017

BancWest (Including 2/3 of Private Banking in United States)

Revenues 2,585 2,939

Operating Expenses and Dep. (1,836) (2,001)

Gross Operating Income 749 938

Cost of Risk (82) (111)

Operating Income 667 827

Non Operating Items 152 3

Pre-Tax Income 819 830

Allocated Equity ( bn, year to date) 5.7 6.4

➤ Reconciliation with the aggregate cost of risk on outstanding (cost of risk/customer loans at the beginning of the period, in annualised bp(*))

2018 2017

Domestic Markets

Loan outstandings as of the beg. of the quarter ( bn) 401.3 362.3

Cost of risk ( m) 1,046 1,356

Cost of risk (in annualised bp) 26 37

FRB

Loan outstandings as of the beg. of the quarter ( bn) 185.2 155.9

Cost of risk ( m) 288 331

Cost of risk (in annualised bp) 16 21

BNL bc

Loan outstandings as of the beg. of the quarter ( bn) 78.6 78.3

Cost of risk ( m) 592 871

Cost of risk (in annualised bp) 75 111

BRB

Loan outstandings as of the beg. of the quarter ( bn) 106.4 100.4

Cost of risk ( m) 43 65

Cost of risk (in annualised bp) 4 6