BNP PARIBAS SA: Notification by the ECB of the 2023 Supervisory Review and Evaluation Process (SREP)

Paris, 1 December 2023

NOTIFICATION BY THE ECB OF THE 2023 SUPERVISORY REVIEW AND EVALUATION PROCESS (SREP)

BNP Paribas has received the notification by the European Central Bank of the outcome of the 2023 Supervisory Review and Evaluation Process (SREP), which states capital requirements and leverage ratio on a consolidated basis in force for the Group.

The Common Equity Tier 1 (CET1) requirement that the Group has to respect as at 1^st January 2024 on a consolidated basis is 10.02% (excluding the Pillar 2 guidance). It includes 1.50% for the G-SIB buffer, 2.50% for the Conservation buffer, 1.11% for the Pillar 2 requirement¹ and 0.41% of countercyclical buffer².

The requirement for the Tier 1 Capital is 11.81% (of which 1.40% for the Pillar 2 requirement).

The requirement for the Total Capital is 14.18% (of which 1.77% for the Pillar 2 requirement).

The BNP Paribas Group is well above the regulatory requirements with, as at 30 September 2023, a CET1 ratio at 13.44%³, a Tier 1 ratio at 15.55%³ and a Total Capital ratio at 17.80%³. The Group’s CET1 ratio target for 2025 is 12%.

The leverage ratio requirement that the Group has to respect as from 1^st January 2024 on a consolidated basis is 3.85% (excluding Pillar 2 guidance). The BNP Paribas Group is well above the regulatory requirements with, as at 30 September 2023, a leverage ratio de 4.49%. The Group’s leverage ratio target for 2025 is 4.3%.

About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

Press contact
Sandrine Romano – sandrine.romano@bnpparibas.com / +33 6 71 18 23 05

¹ CET1 requirement related to Pillar 2 requirement now includes 100% of the add-on related to non-performing exposures on aged loans granted before 26 April 2019.
² Computation based on RWA as at 30.09.23, excluding the 0.18% impact of the increase in France's countercyclical buffer from
2 January 2024.
³ CRD5 including IFRS9 transitional arrangements.

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• PR_BNPParibas_SREP2023_EN vdef