Question 1

What are the activities of BNP Paribas?

Accepted Answer

BNP Paribas supports all its clients - individuals, small businesses, SMEs, large corporate clients, and institutional investors - in implementing their projects through its financing, investment, savings, and protection solutions. The Group's organisation is based on three operating divisions:By combining global reach and strong local footprint, these three divisions offer a wide range of products and services across all the Group's geographies. Corporate & Institutional Banking brings together corporate clients with funding needs and institutional clients looking for investment opportunities. Commercial, Personal Banking & Services encompasses all the Group's commercial and personal banking entities and a number of specialised businesses. Investment & Protection Services houses our protection, savings, investment and real estate services. Read the presentation of BNP Paribas' three operating divisions.

Question 2

In how many countries BNP Paribas operates?

Accepted Answer

At the end of 2025, BNP Paribas is present in 64 countries and territories. The Group has a strong presence in four markets in the Eurozone: France, Italy, Belgium, and Luxembourg. As a leading international player, the Group operates in several other countries in Europe and in the Mediterranean region. It has also a strong presence in the Americas and Asia-Pacific. Read the BNP Paribas profile.

Question 3

How many people work at BNP Paribas?

Accepted Answer

BNP Paribas has more than 180,000 employees worldwide, including: 146,139 employees in Europe, 20,831 employees in Asia-Pacific, 5,186 employees in Africa, 5,136 employees in North America, 3,245 employees in South America, 458 employees in the Middle East. Figures as at 31 December 2025. These figures represent the number of employees in full-time equivalents (Headcount in proportion to their working time) on permanent or temporary contracts, excluding employees on unpaid leave. These figures have been rounded. Read the BNP Paribas profile.

Question 4

What is the business model of BNP Paribas?

Accepted Answer

BNP Paribas' diversified and integrated model is based on its three operating divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services. The leading positions of most of its business lines, combined with their strong complementarity, enable the Group to respond comprehensively and in a coordinated manner to its clients' needs and drive its commercial performance. BNP Paribas thus deploys innovative solutions on a large scale, particularly in rapidly expanding three cross-cutting areas: payments, savings, and mobility. Resilient and drawing its execution power from the strong integration of all its expertise, this model gives the Group a tangible competitive advantage and ensures long-term support for its clients at all stages of their development. Read the presentation of BNP Paribas' model.

Question 5

What are the revenues of BNP Paribas?

Accepted Answer

At the end of 2025, the Group's net banking income was €51.2 billion, up 4.9% on 2024. Read BNP Paribas' financial indicators

Question 6

What is the growth strategy of BNP Paribas?

Accepted Answer

2025 has been a year of development for the Group. Its three operating divisions delivered excellent performances and contributed to the Group's growth momentum, enabling it to achieve its objectives. BNP Paribas also launched structuring initiatives that laid the foundations for its future development. To complement its setup, it made strategic acquisitions in high-value-added activities, such as asset management, private banking, and leasing. The Group continues to invest in technology to improve the quality of its clients' experience and its processes. In terms of transition, BNP Paribas continues to roll out its ambitious roadmap to support its clients in their transformation towards a more sustainable and just economy. All these initiatives, carried out within the business lines or at the Group level, have enabled BNP Paribas to set ambitious performance and profitability targets that shape its growth trajectory by 2028. The Group is thus entering a new development cycle with growth drivers in place and long-term tailwinds that will enable it to continue creating value for all its stakeholders. Read the message of Jean-Laurent Bonnafé, BNP Paribas' Director and Chief Executive Officer.

Question 7

How does BNP Paribas use recent technological developments?

Accepted Answer

BNP Paribas places technology at the heart of its ambitions, aiming to offer innovative solutions to its clients while ensuring a high level of data and operational security. Technology is also key to continuously improving its client and employee experience and the Group's operational performance. To achieve this, BNP Paribas has been building an ecosystem that brings together companies, institutions, startups, networks, and associations for many years. It has invested in technologies related to new uses, such as cloud computing, blockchain, and artificial intelligence (AI). Many AI use cases are already in production across all its business lines, accelerating their deployment, particularly in projects focused on operational efficiency, risk cost, and cybersecurity. Furthermore, in the face of the growing cyber risk, BNP Paribas continuously strengthens its digital infrastructure to protect the Bank, its systems, its data, and its clients' data. Read the view of Marc Camus, Chief Information Officer of BNP Paribas. Read the view of Julien Clausse, Head of AssetFoundry (Digital Assets & Tokenisation), BNP Paribas. Read BNP Paribas' 2025 technological highlights.

Question 8

How does BNP Paribas concretely commit to the ecological and energy transition?

Accepted Answer

Building on the strength of its European leadership, its global reach, and its diversified and integrated model, BNP Paribas positions itself as a partner of choice for its clients, helping them in their energy transition, decarbonisation, biodiversity preservation, and social inclusion projects. The Group thus reaffirms its commitment to contributing to a more sustainable and just economy. BNP Paribas has largely exceeded its 2025 targets in this area, mobilising over €250 billion for its clients' low-carbon transition and consolidating its position as a leader in sustainable finance, with US$69 billion in sustainable bonds and loans in 2025, making the Group the world's number one for the third consecutive year. These financings contribute to concrete projects, such as new nuclear or renewable capacities, the integration of renewable energies into the power grid, or the production of materials essential to the transition. They also enable the Group to support the growth of more sustainable mobility or encourage the energy renovation of its individual clients' households. BNP Paribas' low-carbon energy financing has been multiplied by five in ten years, demonstrating the Group's and its clients' ability to anticipate and adapt. Today, more than 80% of the Group's energy production credit exposure focuses on low-carbon energies. Read the view of Anne Pointet, Head of Company Engagement of BNP Paribas. Read the view of Séverine Mateo, Head of Low-Carbon Transition Group, BNP Paribas. Read BNP Paribas' 2025 transition highlights.

Question 9

How and for whom does BNP Paribas create value?

Accepted Answer

By leveraging its leading business platforms and its position as a European leader in many markets, BNP Paribas creates value for all its stakeholders, including: its clients, its employees, its shareholders and investors, and more broadly, for society and the environment. Read the indicators of BNP Paribas' value creation in 2025.

Question 10

Who is in charge of BNP Paribas?

Accepted Answer

As of 31 December 2025, the BNP Paribas Executive Committee comprises six members of the General Management and 13 members responsible for the business lines or central functions, as described below: Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas. Yann Gérardin, Chief Operating Officer of BNP Paribas and Executive Chairman of Corporate & Institutional Banking. Thierry Laborde, Chief Operating Officer of BNP Paribas, in charge of Commercial, Personal Banking & Services. Renaud Dumora, Deputy Chief Operating Officer of BNP Paribas, in charge of Investment & Protection Services. Yannick Jung, Deputy Chief Operating Officer of BNP Paribas, in charge of Commercial and Personal Banking in the Eurozone within CPBS. Olivier Osty, Deputy Chief Operating Officer of BNP Paribas and Chief Executive Officer of Corporate & Institutional Banking. Michael Anseeuw, Director and Chief Executive Officer and Chairman of the Executive Board of BNP Paribas Fortis. Marc Camus, Chief Information Officer of BNP Paribas. Charlotte Dennery, Director and Chief Executive Officer of BNP Paribas Personal Finance. Elena Goitini, Chief Executive Officer of BNL. Élise Hermant, Head of Communications of BNP Paribas. Pauline Leclerc-Glorieux, Director and Chief Executive Officer of BNP Paribas Cardif. Isabelle Loc, Head of BNP Paribas Commercial & Personal Banking in France. Stéphanie Maarek, Chief Compliance Officer of BNP Paribas. Lars Machenil, Chief Financial Officer of BNP Paribas. Philippe Maillard, Group Chief Operating Officer. Sofia Merlo, Head of Human Resources of BNP Paribas. Anne Pointet, Head of Company Engagement of BNP Paribas. Frank Roncey, Chief Risk Officer of BNP Paribas. Effective 1 January 2026, Gilles Zeitoun succeeded Charlotte Dennery as Director and Chief Executive Officer of BNP Paribas Personal Finance. Effective 30 March 2026, Sandro Pierri, Chief Executive Officer of BNP Paribas Asset Management, joined the Group Executive Committee. Read the presentation of the BNP Paribas' Executive Committee.

Question 11

Who sits on the Board of Directors of BNP Paribas?

Accepted Answer

As of 31 December 2025, the Board of Directors of BNP Paribas comprises 16 members, including one Director representing employee shareholders and two representing employees, as detailed below: Jean Lemierre, Chairman of the Board of Directors of BNP Paribas. Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas. Jacques Aschenbroich, Chairman of the Board of Directors of Orange. Juliette Brisac, Senior Advisor to the Head of Company Engagement of BNP Paribas, Director representing employee shareholders of BNP Paribas. Valérie Chort, Director of companies. Monique Cohen, Director of companies. Hugues Epaillard, Business Manager Real Estate, Director representing employees of BNP Paribas. Vanessa Lepoultier, Financial Advisor, Director representing employees of BNP Paribas. Lieve Logghe, Chief Financial Officer of Boortmalt International. Marie-Christine Lombard, Chief Executive Officer and Chairman of the Executive Board of Geodis. Bertrand De Mazières, Director of companies. Christian Noyer, Director of companies. Nicolas Peter, Chairman of the Supervisory Board of BMW AG. Guillaume Poupard, Chief Trust Officer of the Orange Group (since 1 February 2026). Daniela Schwarzer, Member of the Executive Board of the Bertelsmann Foundation. Annemarie Straathof, Director of companies. Read the presentation of the BNP Paribas' Board of Directors.

Question 12

Who owns BNP Paribas?

Accepted Answer

As of 31 December 2025, the shareholding structure of BNP Paribas is detailed below, in percentage of voting rights: European institutional investors(1): 42.1%. Non-European institutional investors(1): 32.2%. Individual shareholders(1): 7.3%. BlackRock Inc.: 7.1%. SFPI(2): 5.7%. Group FCPE(3): 3.5%. Grand Duchy of Luxembourg: 1.2%. Directly held by employees: 0.9%. (1) Based on analyses from the SRD2 surveys - Institutional investors excluding BlackRock (in 2023, 2024 and 2025) and Amundi (in 2023 and 2024). (2) “Société Fédérale de Participations et d'Investissement”: a public interest limited company (société anonyme) acting on behalf of the Belgian State. (3) The voting rights of the FCPE (profit sharing scheme) are exercised, after the decision is taken by the Supervisory Board, by its Chairman. Read the presentation of BNP Paribas' shareholding structure.

IN EUROS	2021	2022	2023	2024	2025
Net income attributable to the shareholders per share^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)}	Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2021 Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2021 7.26	Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2022 Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2022 7.80	Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2023 Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2023 9.21	Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2024 Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2024 9.57	Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2025 Net income attributable to the shareholders per share ^{(1, Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.)} 2025 10.29
Net book value per share^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)}	Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2021 Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2021 88.0	Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2022 Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2022 89.0	Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2023 Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2023 96.0	Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2024 Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2024 102.5	Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2025 Net book value per share ^{(2, Before distribution. Revalued net book value based on the number of shares for 2023, with earnings per share calculated on the number of shares outstanding at period-end.)} 2025 104.3
Net dividend per share	Net dividend per share 2021 Net dividend per share 2021 3.67 ^{(3, Taking into account only the distribution of the 2021 dividend and not taking into account the €900 million share buyback programme, executed between 1 November 2021 and 6 December 2021.)}	Net dividend per share 2022 Net dividend per share 2022 3.90 ^{(4, Taking into account only the distribution of Taking into account only the distribution of the 2024 dividend and not taking into account the €1.08 billion share buyback programme in respect of the so-called “ordinary” distribution. the 2022 dividend and not taking into account the €962 million share buyback programme in respect of the so-called “ordinary” distribution.)}	Net dividend per share 2023 Net dividend per share 2023 4.60 ^{(5, Taking into account only the distribution of the 2023 dividend and not taking into account the €1.05 billion share buyback programme in respect of the so-called “ordinary” distribution.)}	Net dividend per share 2024 Net dividend per share 2024 4.79 ^{(6, aking into account only the distribution of the 2024 dividend and not taking into account the €1.08 billion share buyback programme in respect of the so-called “ordinary” distribution.)}	Net dividend per share 2025 Net dividend per share 2025 5.16 ^{(7, Subject to approval by the Annual General Meeting of 12 May 2026. Considering the €2.59 interim dividend per share paid on 30 September 2025, the final dividend related to the 2025 financial year would amount to €2.57 per eligible share. Not taking into account the €1.15 billion share buyback programme carried out in 2025 in respect of the 2025 financial year.)}
Cash payout ratio (%)^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)}	Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2021 Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2021 50.00 ^{(3, Taking into account only the distribution of the 2021 dividend and not taking into account the €900 million share buyback programme, executed between 1 November 2021 and 6 December 2021.)}	Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2022 Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2022 50.00 ^{(4, Taking into account only the distribution of Taking into account only the distribution of the 2024 dividend and not taking into account the €1.08 billion share buyback programme in respect of the so-called “ordinary” distribution. the 2022 dividend and not taking into account the €962 million share buyback programme in respect of the so-called “ordinary” distribution.)}	Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2023 Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2023 50.00 ^{(5, Taking into account only the distribution of the 2023 dividend and not taking into account the €1.05 billion share buyback programme in respect of the so-called “ordinary” distribution.)}	Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2024 Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2024 50.00 ^{(6, Taking into account only the distribution of the 2024 dividend and not taking into account the €1.08 billion share buyback programme in respect of the so-called “ordinary” distribution.)}	Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2025 Cash payout ratio (%) ^{(8, Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.)} 2025 50.00 ^{(7, Subject to approval by the Annual General Meeting of 12 May 2026. Considering the €2.59 interim dividend per share paid on 30 September 2025, the final dividend related to the 2025 financial year would amount to €2.57 per eligible share. Not taking into account the €1.15 billion share buyback programme carried out in 2025 in respect of the 2025 financial year.)}
COURS	2021	2022	2023	2024	2025
Highest^{(9, Recorded intra-day during trading session.)}	Highest ^{(9, Recorded intra-day during trading session.)} 2021 Highest ^{(9, Recorded intra-day during trading session.)} 2021 62.55	Highest ^{(9, Recorded intra-day during trading session.)} 2022 Highest ^{(9, Recorded intra-day during trading session.)} 2022 68.07	Highest ^{(9, Recorded intra-day during trading session.)} 2023 Highest ^{(9, Recorded intra-day during trading session.)} 2023 67.02	Highest ^{(9, Recorded intra-day during trading session.)} 2024 Highest ^{(9, Recorded intra-day during trading session.)} 2024 73.08	Highest ^{(9, Recorded intra-day during trading session.)} 2025 Highest ^{(9, Recorded intra-day during trading session.)} 2025 84.70
Lowest^{(9, Recorded intra-day during trading session.)}	Lowest ^{(9, Recorded intra-day during trading session.)} 2021 Lowest ^{(9, Recorded intra-day during trading session.)} 2021 39.71	Lowest ^{(9, Recorded intra-day during trading session.)} 2022 Lowest ^{(9, Recorded intra-day during trading session.)} 2022 40.67	Lowest ^{(9, Recorded intra-day during trading session.)} 2023 Lowest ^{(9, Recorded intra-day during trading session.)} 2023 47.02	Lowest ^{(9, Recorded intra-day during trading session.)} 2024 Lowest ^{(9, Recorded intra-day during trading session.)} 2024 53.08	Lowest ^{(9, Recorded intra-day during trading session.)} 2025 Lowest ^{(9, Recorded intra-day during trading session.)} 2025 57.92
Year-end	Year-end 2021 Year-end 2021 60.77	Year-end 2022 Year-end 2022 53.25	Year-end 2023 Year-end 2023 62.59	Year-end 2024 Year-end 2024 59.22	Year-end 2025 Year-end 2025 80.79
CAC 40 index on 31 December	CAC 40 index on 31 December 2021 CAC 40 index on 31 December 2021 7,153.03	CAC 40 index on 31 December 2022 CAC 40 index on 31 December 2022 6,473.76	CAC 40 index on 31 December 2023 CAC 40 index on 31 December 2023 7,543.18	CAC 40 index on 31 December 2024 CAC 40 index on 31 December 2024 7,380.74	CAC 40 index on 31 December 2025 CAC 40 index on 31 December 2025 8,149.50

2025 Integrated Report

Our shareholders and investors

Our shareholders and investors

A SHAREHOLDER BASE THAT STANDS OUT FOR ITS STABILITY AND LOYALTY

SHAREHOLDER DASHBOARD

KEEPING OUR SHAREHOLDERS AND INVESTORS INFORMED

COMMUNICATING WITH OUR INDIVIDUAL SHAREHOLDERS: THE SHAREHOLDER LIAISON COMMITTEE

LEADING THE SHAREHOLDER COMMUNITY: THE “CERCLE DES ACTIONNAIRES”