2018 Registration document and annual fi nancial report - BNP PARIBAS 443

5RISKS AND CAPITAL ADEQUACY PILLAR 3

5

Appendix 1: Sovereign exposures [Audited]

Exposures In millions of euros

1 January 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 2,275 611 1,663 - (124) 21 1

Belgium 13,339 5,500 7,668 172 363 303 4

France 10,321 4,084 6,237 - (1,292) (9) 112

Germany 5,635 3,941 1,418 276 3,427 244 -

Ireland 945 574 371 - (30) 2 -

Italy 9,966 8,785 972 210 (156) 7,172 11

Netherlands 1,068 280 788 - (160) (1,024) -

Portugal 539 368 171 - 248 (8) 2

Spain 3,559 2,390 1,067 102 (536) 32 (1)

Other euro zone countries 1,091 346 745 - 125 249 -

Programme countries

Greece - - - - 7 77 -

TOTAL EURO ZONE 48,738 26,880 21,100 759 1,872 7,059 129

Other European Economic Area countries

Poland 3,459 1,992 1,468 - 578 (132) 2

United Kingdom 3,220 2,354 866 - 202 (4) (71)

Other EEA countries 361 361 - - 253 (37) (2)

TOTAL OTHER EEA COUNTRIES 7,041 4,707 2,334 - 1,033 (173) (71)

TOTAL EEA 55,779 31,587 23,433 759 2,905 6,886 58

United States 6,731 2,725 4,005 - 8,752 11 2

Japan 296 - 296 - 1,473 486 29

Turkey 1,181 596 585 - 1,366 1 16

Other 9,956 6,415 3,541 - 3,445 90 62

TOTAL 73,942 41,323 31,860 759 17,941 7,474 167

(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.