2018 Registration document and annual fi nancial report - BNP PARIBAS442

5 RISKS AND CAPITAL ADEQUACY PILLAR 3

5

Appendix 1: Sovereign exposures [Audited]

➤ BANKING AND TRADING BOOKS SOVEREIGN EXPOSURES BY GEOGRAPHICAL BREAKDOWN

Exposures In millions of euros

31 December 2018

Total

Banking book(1) Trading book

of which fi nancial assets at

amortised cost

of which fi nancial

instruments at fair value

through equity

of which fi nancial instruments at fair

value through profi t or loss

Financial instruments at fair value through profi t

or loss held for trading (excl. derivatives)

Derivatives(2)

Direct exposures(3)

Indirect exposures(4)

Euro zone

Austria 1,021 299 722 - (45) 21 0

Belgium 9,803 4,876 4,804 123 205 274 66

France 9,364 4,208 5,156 - (1,250) (17) (12)

Germany 6,547 4,185 2,103 259 1,962 255 (4)

Ireland 966 591 374 - (2) 2 2

Italy 11,537 9,512 1,779 246 (128) 7,274 (26)

Netherlands 905 126 779 - 60 (551) 0

Portugal 1,008 838 169 - (168) (21) 1

Spain 4,200 2,820 1,279 101 (374) - (3)

Other euro zone countries 705 389 316 - (18) 158 0

TOTAL EURO ZONE 46,055 27,844 17,482 729 244 7,393 24

Other European Economic Area countries

Poland 6,887 3,066 3,819 3 336 (224) 1

United Kingdom 4,441 3,147 1,294 - 2,232 - (66)

Other EEA countries 377 337 39 1 174 (24) (3)

TOTAL OTHER EEA COUNTRIES 11,705 6,550 5,151 4 2,742 (248) (69)

TOTAL EEA 57,760 34,394 22,633 732 2,986 7,146 (45)

United States 11,591 2,864 8,727 - 15,371 82 9

Japan 4 - 4 - 4,198 374 54

Turkey 1,066 524 542 - 571 1 12

Other 10,844 6,502 4,342 - 4,166 155 (43)

TOTAL 81,265 44,284 36,248 732 27,292 7,758 (13)

(1) Book value after revaluation and before any impairment provision. (2) Market value. (3) Sovereign counterparty risk: direct exposure to a sovereign counterparty. This excludes exposure to a non-sovereign counterparty fully or partly

covered by a central government (sovereign) guarantee. (4) Positions held with a non-sovereign counterparty, exposing BNP Paribas to a credit risk on a sovereign third party. For example, sale of a CDS to a

non-sovereign third party as a hedge against a sovereign s default. This excludes exposures to non-sovereign counterparties fully or partly covered by guarantees from local authorities, regional or central (sovereign) governments.