#1C 2022 FULL YEAR RESULTS 7 February 2023 BNP PARIBAS The bank for a changing world#2Disclaimer The figures included in this presentation are unaudited. This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally, or in BNP Paribas' principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this presentation speaks as of the date of this presentation. BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. It should be recalled in this regard that the Supervisory Review and Evaluation Process is carried ort each year by the European Central Bank, which can modify each year its capital adequacy ratio requirements for BNP Paribas. The information contained in this presentation as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither BNP Paribas nor its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed. The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding. Photo credits (cover page): onlyyouqj; HBS; A_B_C; Adam (Adobe stock). Unless otherwise mentioned, the financial information and items contained in this announcement include the activity related to BancWest reflecting an operational view. Such financial information and items therefore do not reflect the effects produced by applying IFRS 5, which pertains to non-current assets and liabilities held for sale. The press release pertaining to 2022 full year results includes in appendix a reconciliation between the operational view presented without applying IFRS 5 and the consolidated financial statements based on an application of IFRS 5. BNP PARIBAS The bank for a changing world 2022 Full Year Results | 2#32022: Very solid results driven by the strength of BNP Paribas' model Strong growth in revenues, supported by all divisions • • • Very strong increase in Corporate & Institutional Banking (+15.7%) Strong growth in Commercial, Personal Banking & Services¹ (+9.3%) Increase in revenues in Investment & Protection Services (+3.0%) Positive jaws effect (+0.7 pt, +1.5 pt excluding the contribution to the Single Resolution Fund) Prudent, proactive and long-term risk management reflected in low cost of risk Very strong increase in net income4 (+19.0% vs. 2021 excluding exceptional items 5) Return to shareholders of 60% applied to distributable income including the contribution of Bank of the West Revenues: +9.0% vs. 2021 Operating expenses: +8.3% vs. 2021 (+7.6% excl. contribution to the SRF2) (at constant scope and exchange rates) Revenues: +6.6% vs. 2021 Operating expenses: +5.3% vs. 2021 Cost of risk: 31 bps³ Net income: €10,196m +7.5% vs. 2021 CET1 ratio: 12.3% EPS8: €7.80 Dividend⁹: €3.90 Share buyback programme totalling €5bn planned in 202310 €4bn related to the sale of Bank of the West and €1bn as part of the ordinary distribution Executed in two equivalent tranches (request submitted to the ECB for a first tranche of €2.5bn11) 1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effects in France); 2. Single Resolution Fund; 3. Cost of risk /customer loans outstanding at the beginning of the period (in bps); 4. Group share; 5. See slide 9; 6. CRD4; including IFRS9 transitional arrangements - See slide 16; 7. Subject to the approval of the General Meeting of 16 May 2023 and ECB authorisation; 8. Earnings per Share; 9. Subject to the approval of the General Meeting of 16 May 2023; 10. Subject to ECB authorisation; 11. €962m related to the ordinary distribution of 2022 income and €1.54bn to the sale of Bow BNP PARIBAS The bank for a changing world 2022 Full Year Results | 3#4Sale of Bank of the West ◆ Closing of the sale of Bank of the West to BMO Financial Group on 1 February 2023 Total consideration of $16.3bn, or a P/TBV multiple of 1.72x1 Net capital gain on sale²: €2.9bn booked in 1Q23 Release of Common Equity Tier 1 (CET1) capital from the sale: ~€11.6bn (~170 bps) in 1Q23 Strengthening the diversified & integrated model Gradual and disciplined redeployment of ~€7.6bn, or (~110 bps) . Acceleration in organic growth Targeted investments (technologies & innovative and sustainable business models) Bolt-on acquisitions in value-added businesses Compensation of dilution related to the sale Share buyback programmes: €4bn planned for 2023, or (~60 bps)³ 1st tranche of €1.5bn4 (request submitted to the ECB) 2nd tranche of €2.5bn planned for 2H23 1. Tangible book value as at 30.09.21; 2. Booking in non-operating exceptional items under Corporate Centre in 1Q23; 3. €4.04bn - upon customary condition precedents, including ECB authorisations; 4. Request submitted to the ECB for €1.54bn together with €962m related to the ordinary distribution of 2022 income BNP PARIBAS The bank for a changing world 2022 Full Year Results | 4#5GTS 2025 Plan Strategic pillars reaffirmed, ambitions revised upward Additional growth potential supporting a trajectory revised upward Additional growth with the redeployment of capital released by the sale of Bank of the West (~€7.6bn, or ~110 bps of CET11) Combined with the positive impact of the rise in interest rates in 2022 ~+€3.0bn (C/I -60% and ROTE4~12%) of additional revenues by 2025 compared to the initial assumptions of the GTS 2025 plan >+€2.0bn (~80% benefiting CPBS) of additional revenues by 2025 compared to the initial assumptions of the GTS 2025 plan Ambitions revised upward Disciplined growth Net income2: CAGR 22-25 >+9% EPS³: CAGR 22-25 >+12%, or 40% over the period ROTE4 2025: ~12% Positive jaws effect every year > 2 pts on average5 1. After the share buyback programmes related to the sale of Bank of the West; 2. Group share; 3. Earnings per share; 4. Return on tangible equity; 5. CAGR 22-25 Revenues minus CAGR 22-25 Operating expenses, excluding the positive impact of the change in accounting standards; see slide 48 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 5#6A unique positioning 2023 distributable income: post-Bank of the West sale and post-SRF €bn 10.2 Effect of BOW sale (~€0.5bn) 2022 Net Income (incl. BoW) +€1bn Anticipation of the end of the ramp-up Organic growth of the SRF1 Adjustment of hedges 2023 SRF BOW capital gain Upward adjustment in 2023 distributable income by +€1bn Extraordinary items 2023 adjusted distributable income² Return to shareholders of 60%, based on adjusted 2023 distributable income Extraordinary items excluded from 2023 distributable income Adjustment of hedges in 1H23 related to changes in terms and conditions decided by the ECB in 4Q223 Capital gain related to the sale of Bank of the West4 → Strong increase in 2023 distributable income, as per the objective (CAGR 22-25 >+9%) → Growth in 2023 EPS boosted by share buyback programmes (€5bn planned in 20235) & therefore anticipated higher than the objective (CAGR 22-25 >+12%) 1. Single Resolution Fund: 2.Note: Illustration of the distributable income before taking into account the remuneration net of tax of Undated Super Subordinated Notes ("TSSDI"); 3. Booked in 1H23 under Corporate Centre revenues; 4. See slide 4; 5. Subject to ECB authorisation BNP PARIBAS The bank for a changing world 2022 Full Year Results | 6#7GTS 2025 Plan targets raised Strong and steady growth in distributable income GTS 2025 targets revised (historical scope) 2022: solid growth 2022 (incl. BoW) BNP PARIBAS Net income¹ CAGR 22-25 >+9% 2023: adjusted distributable income 2024-25: full impact of additional growth 2023 (distributable income)² 2024 (excl. BoW) Strong and steady growth in EPS³ sustained by the execution of share buybacks each year4 EPS³ growth target stepped up: CAGR 22-25: >+12% or ~+40% over the period 2025 (excl. BoW) 1. Group share; 2. Adjusted distributable income; see slide 6; 3. Earnings per share; 4. Upon customary condition precedents, including ECB authorisations The bank for a changing world 2022 Full Year Results | 7#8GROUP RESULTS DIVISION RESULTS CONCLUSION 4Q22 DETAILED RESULTS APPENDICES BNP PARIBAS#9Main exceptional items - 2022 Very negative level in 2022 Exceptional items Operating expenses Restructuring costs and adaptation costs (Corporate Centre) 2022 2021 -€188m -€164m -€314m -€128m -€502m -€292m • IT reinforcement costs (Corporate Centre) Total exceptional operating expenses Cost of risk • Impact of the "Act on assistance to borrowers" in Poland (Corporate Centre) Total exceptional cost of risk -€204m -€204m Other non-operating items • Badwill (bpost bank) (Corporate Centre) +€244m • Capital gain on the sale of a stake (Corporate Centre) +€204m Impairment (Ukrsibbank) (Corporate Centre) (Ukrsibbank) (Corporate Centre) -€159m Reclassification to profit-and-loss of exchange differences¹ -€274m Capital gain on the sale of buildings (Corporate Centre) +€486m • Capital gain on the sale of Allfunds shares² (Corporate Centre) +€444m Goodwill impairments (Corporate Centre) -€74m Capital gain on the sale of a BNP Paribas Asset Management stake in a JV (Wealth and Asset Management) Total exceptional other non-operating items +€96m +€15m +€952m Total exceptional items (pre-tax) -€691m +€660m Total exceptional items (after tax)³ -€521m +€479m Taxes and contributions based on the application of IFRIC 21 "Taxes❞4 -€1,914m -€1,516m BNP PARIBAS 1. Previously recorded in Consolidated Equity; 2. Disposal of 8.69% stake in Allfunds: 3. Group share; 4. Including the contribution to the Single Resolution Fund The bank for a changing world 2022 Full Year Results | 9#102022 - Consolidated Group Very solid results, strong growth and positive jaws effect 2022 2021 2022 vs. 2021 Revenues €50,419m €46,235m +9.0% 2022 vs. 2021 At constant scope & exchange rates +6.6% 2022 vs. 2021 Operating divisions Operating expenses -€33,702m -€31,111m +8.3% +5.3% Gross operating income €16,717m €15,124m +10.5% +9.3% +10.4% +8.0% +14.9% Cost of risk -€2,965m -€2,925m +1.4% -7.6% Operating income €13,752m €12,199m +12.7% +13.4% +0.5% +18.0% Non-operating items €698m €1,438m -51.5% na Pre-tax income €14,450m €13,637m +6.0% +9.6% +13.4% +17.8% Net income, Group share €10,196m €9,488m +7.5% Net income, Group share excluding exceptional items¹ €10,718m €9,009m +19.0% Return on tangible equity (ROTE)²: 10.2% BNP PARIBAS The bank for a changing world 1. See slide 9; 2. Not revaluated; see detailed calculation on slide 93 2022 Full Year Results | 10#112022 Revenues - Revenue growth in all divisions CIB cpbs IPS Corporate & Institutional Banking Commercial, Personal Banking & Services¹ Investment & Protection Services Operating divisions +15.7% +11.3% at constant scope & exchange rates +9.3% Commercial & Personal Banking¹ +8.0% +7.2% +3.0% +2.4% +10.4% +7.8% at constant scope & exchange rates at constant scope & at constant scope & exchange rates exchange rates Specialised Businesses 18,630 16,465 17,252 +12.0% 2021 14,236 8,635 9,672 6,476 6,670 2022 €m CIB: very strong increase driven by the very good performance at Global Markets and Securities Services – rise in Global Banking in an unfavourable market CPBS: strong growth in Commercial & Personal Banking driven by the strong increase in net interest income and the rise in fees - very strong rise in revenues in the Specialised Businesses (Arval in particular) IPS: increase in an unfavourable market context, sustained in particular by the strong increase in Private Banking 1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effects in France) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 11#122022 Operating expenses - Positive jaws effects CIB cpbs iPS Banking +13.6% +8.1% at constant scope & exchange rates Corporate & Institutional Commercial, Personal Banking & Services¹ Investment & Protection Services Operating divisions +6.0% +4.2% +3.5% +2.5% +8.0% +5.2% at constant scope & exchange rates at constant scope & exchange rates at constant scope & exchange rates Commercial & Personal Banking1 +6.0% Specialised Businesses 13,033 12,293 2021 9,467 10,753 +6.1% 4,616 4,895 4,218 4,363 2022 €m CIB: support for business growth and change of scope and exchange rates effect – positive jaws effect (+2.1 pts) CPBS: increase in operating expenses with the growth in business activity and scope impacts in Commercial & Personal Banking and Specialised Businesses – very positive jaws effect (+3.3 pts) IPS: increase in operating expenses driven in particular by business development and targeted initiatives - jaws effect ~0 pt (at constant scope and exchange rates) BNP PARIBAS The bank for a changing world 1. Including 100% of Private Banking in Commercial & Personal Banking 2022 Full Year Results | 12#13Cost of risk-2022 Group Proactive and long-term management reflected in a low cost of risk Prudent approach: CoR / GOI ratio among the lowest in Europe¹ in bps/customer loans outstanding 58 59 57 54 Illiii 2008-9M2022 average 68% 60% 66 39% 42% 42% 43% 45% 46 39 39 -40 30% 35 34 31 BNPP Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2022-2025 Guidance Stages 1&2 provisions in 2020 Cost of risk: €2,965m (+€40m vs. 2021) Cost of risk at a low level Provisions on non-performing loans (stage 3) at a low level Provision of €463m on performing loans (stages 1 & 2) related particularly to the indirect effects of the invasion of Ukraine, higher inflation and interest rates, partly offset by releases of provisions related to the public health crisis and changes in method² (-€251m in 4Q22) Reminder: Impact in 3Q22 of the "Act on assistance to borrowers" in Poland (+€204m) 1. Source: publications of Eurozone banks: BBVA, Crédit Agricole SA, Deutsche Bank, Intesa SP, Santander, Société Générale, Unicredit; 2. To align with specific European standards BNP PARIBAS The bank for a changing world 2022 Full Year Results | 13 |#14Cost of risk-2022 (1/2) Cost of risk/Customer loans outstanding at the beginning of the period (in bps) CPBF1 17 25 21 11 2019 2020 2021 2022 BNL bc1 64 69 62 58 . 2019 2020 2021 2022 CPBB1 5 19 8 3 2019 2020 2021 2022 • • . • €237m (-€204m vs. 2021) Decrease of cost of risk on non-performing loans² Strong release of provisions (stages 1 & 2) due to a change in method in 4Q22 (-€163m)³ • €465m (-€22m vs. 2021) • Low cost of risk with a decrease in provisions on non-performing loans² 2021 Reminder: Release of provisions (stages 1 & 2) • €36m (-€63m vs. 2021) Very low cost of risk with a decrease in provisions on non-performing loans² Europe-Mediterranean¹ 98 111 39 41 2019 2020 2021 2022 BancWest¹ 58 27 -9 2019 2020 2021 -7 2022 • €153m (+€9m vs. 2021) • Low cost of risk with a decrease in provisions on non-performing loans² • -€39m (+€6m vs. 2021) • Release of provisions (stages 1 & 2) particularly in 1Q22 1. Including 100% of Private Banking; 2. Stage 3; 3. To align with specific European standards BNP PARIBAS The bank for a changing world 2022 Full Year Results | 14 |#15Cost of risk-2022 (2/2) Cost of risk/Customer loans outstanding at the beginning of the period (in bps) CIB Global Banking 15 - 80 13 19 2019 2020 2021 2022 €336m (+€136m vs. 2021) Cost of risk at a low level Decrease of cost of risk on non-performing loans¹ Provisions on performing loans (stages 1 & 2) - Reminder: release of provisions on performing loans in 2021 Personal Finance 212 • 145 141 143 2019 2020 2021 2022 €1,373m (+€59m vs. 2021) Cost of risk at a low level Decrease in cost of risk on non-performing loans1 Reminder: release of provisions (stages 1 & 2) in 2021 1. Stage 3 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 15#162022 A solid financial structure CET1 ratio: 12.3%¹ as at 31.12.22 (+20 bps vs. 30.09.22) • 4Q22 results after taking into account a 60% pay-out ratio (including the 2022 contribution of BancWest), net of changes in risk-weighted assets: +20 bps • Overall limited impact of other effects on the ratio Reminder: impacts since 31.12.21 • 2022 results after taking into account a 60% pay-out ratio net of organic growth in risk-weighted assets: +30 bps . Effect of the acceleration in growth: -20 bps Impact on Other Comprehensive Income (OCI) of market prices: -40 bps Impacts from the updating of models and regulations²: -30 bps Leverage ratio³: 4.4% as at 31.12.22 • Perspectives: Impact on the CET1 ratio of the closing of the Bank of the West sale: ~+170 bps as at 01.02.23 Impact on the leverage ratio of the closing of the Bank of the West sale: ~+40 bps as at 01.02.23 CET1 ratio 12.3% 12.1% 30.09.22 31.12.22 Liquidity reserve (€bn)4 Room to manoeuvre > 1 year in terms of wholesale funding 461 441 . Impact of the 1st €2.5bn share buyback tranche on the CET1 ratio: ~-20 bps as soon as ECB approval is obtained Impact of the application of IFRS17 on the CET1 ratio: ~-10 bps Liquidity Coverage Ratio: 129% as at 31.12.22 30.09.22 31.12.22 1. CRD4; including IFRS9 transitional arrangements; see slide 95; 2. In particular IRB Repair and application of the new regulation on currency risk in structural positions and including the effects of the hyperinflation situation in Türkiye; 3. Calculated in accordance with Regulation (EU) 2019/876; 4. Liquid market assets or eligible assets in central banks (counterbalancing capacity), taking into account prudential standards, notably US standards, minus intra-day payment system needs BNP PARIBAS The bank for a changing world 2022 Full Year Results | 16#17€ Continuous and strong value creation throughout the cycle Steady increase in tangible equity per share: €79.3 2008-2022 CAGR¹: +4.9% 88.0 89.0 82.3 9.4 9.7 79.0 73.9 75.1 74.7 9.1 70.9 9.3 78.7 79.3 65.0 66.6 10.0 9.9 73.2 63.1 10.6 10.7 69.7 57.1 55.6 10.0 10.9 65.1 64.8 10.7 63.3 51.9 60.2 11.7 45.7 11.5 55.7 55.0 11.1 52.4 45.4 13.7 44.1 40.8 32.0 CAGR²: +6.7% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Net tangible book value per share • Ordinary distribution: 60% of 2022 results Taking the Bank of the West contribution into account Dividend: €3.90 per share paid in cash³ (or 50% of distributable income) Share buyback programme: €962m4 (or 10% of distributable income) (request submitted to the ECB) Extraordinary distribution related to the sale of Bank of the West Share buyback programmes: €4.04bn planned for 20235 1st tranche of €1.54bn4 (request submitted to the ECB) Launch of a 2nd tranche of €2.5bn planned for 2H235 €5bn in share buyback programmes planned for 20235 Request submitted to the ECB for a 1st tranche of €2.5bn6 1. Of net book value per share; 2. Of net tangible book value per share for the 2008-2022 period; 3. Subject to the approval of the General Meeting of 16 May 2023, detached on 22 May 2023, paid out on 24 May 2023; 4. Pending ECB authorisation; 5. Upon customary condition precedents, including ECB authorisations; 6. €962m related to the ordinary distribution of 2022 income and €1,54bn from the sale of Bank of the West BNP PARIBAS The bank for a changing world 2022 Full Year Results | 17#18Robust operational performance and disciplined expansion at the heart of growth 2022-2025 objective: Positive jaws effect each year >+2pts on average1 A recurring cost-savings plan of €2.3bn Revised target: €300m in additional savings compared to the initial plan Recurring cost savings (€bn) Solid levers supporting operational performance and growth at marginal cost in an inflationary context Industrialised ~2.3 ~0.6 -0.6 ~0.6 €300m in additional savings platforms & pooled resources ~0.5 2022 (actual) 2023 2024 2025 Revised cumulative target, 2025 End of the ramp-up of the SRF²: -€1bn in operating expenses between 2023 and 20243 New ways of working, new uses & space optimisation 29% cpbs CIB 69% IPS Breakdown by division of the SRF2 contribution in 2022 Cost discipline, particularly in external costs Development of specialised internal shared service centres (SSCs) and pooled technical platforms 2025 target: +25% increase (5000 FTEs) in resources in the main SSCs Outsourcing & pooling of activities with partners (banks and non-banking) (already started in 2022) Ongoing effort to simplify and automate customer journeys & processes Optimisation of premises costs Buildings combining several business lines Minimising the proportion of inner-city locations New ways of working as a catalyst 2025 target: mutualisation ratio 5 lowered to <0.75 (>1 in 2021) Rigorous discipline in managing external spending in an inflationary environment Proactive management of external spending Action plan combining actions on both demand and on prices 1. CAGR 22-25 Revenues minus CAGR 22-25 Operating expenses, excluding the positive impact of the change in accounting standards, see slide 48; 2. SRF: Single Resolution Fund; 3. Stabilisation of similar contributions to local banking taxes estimated at €200m annually, effective 2024; 4. Including external assistants; 5. Mutualisation ratio: number of offices/ number of occupants BNP PARIBAS The bank for a changing world 2022 Full Year Results | 18#19Technology at the heart of the GTS 2025 plan A global strategy supporting major achievements by 2025 Secured use of cloud technology IT upgrades: enhanced stability & security, decrease in time-to-market and reduction of costs >30% of the information system hosted on the Group's clouds, o/w ~10% on the dedicated cloud 2025 target: >60%, >30% on the dedicated cloud >13K employees certified through specific training Accelerated convergence of technological platforms Facilitation of value creation by sharing IT assets via an internal digital self-service marketplace Available since December 2021 ~300 IT products available, >500K visits, >62K downloads as at end-2022 Broad roll-out of APIsation Extended use of Al, data and robotics Widespread adoption of APIsation through a Group platform: interoperability & rationalisation of information systems Accelerated deployment of Al- related operational use cases by leveraging all in-house solutions +660 APIs available, ~620m transactions per month (>2025 target) Nb of API x3 vs. the target set at the end of 2022 ~670 Al use cases rolled out in 2022 (+57% vs. end 2021) 2025 target: 1000 use cases Two Group data science platforms deployed in the Group clouds An operating model providing standardised IT services and platforms, pooled and interoperable, limiting IT risks BNP PARIBAS The bank for a changing world 2022 Full Year Results | 19#20Sustainable finance Group mobilisation and external recognition Mobilised alongside clients to support them in the transition towards a sustainable economy and to align portfolios with the commitment to carbon neutrality Sustainable loans to Corporates, Institutionals & Individuals dedicated to sustainable projects¹ €87bn at end-2022 2025 target: €150bn Sustainable bonds issued for BNP Paribas clients between 2022 & 20252 €32bn at end-2022 2025 target: €200bn Assets under management in SFDR Article 8 and 9 funds in 20253 €223bn at end-2022 2025 target: €300bn Amount of support enabling clients to transition to a low- carbon economy4 €44bn at end-2022 2025 target: €200bn N°1 worldwide5 in green bonds with $19.5bn N°3 worldwide5 in sustainability-linked loans with $17.9bn EUROMONEY GLOBAL AWARDS FOR EXCELLENCE 2022 European leader in ShareAction>> combatting climate change and protecting biodiversity Environmental Finance COMPANY Awards 2022 Winner 2022 World's top bank in sustainable finance in 2022 Net zero progression of the year-EMEA Prize for the year's best Net- Zero progress in EMEA (Europe, Middle East, Africa) 1. Amount of sustainable loans related to environmental or social issues granted by BNP Paribas to its clients; 2. 2022-2025 cumulative amount of all types of sustainable bonds (total amount divided by the number of bookrunners); 3. BNP Paribas Asset Management open-ended funds distributed in Europe and classified Article 8 or 9 under SFDR; 4. Green loans, green bonds, and all financing supporting low-carbon technologies, such as renewable energies, green hydrogen, etc.; 5. Source: Bloomberg, bookrunner in volume as at 31.12.22 BNP PARIBAS La banque d'un monde qui change Résultats au 31.12.21 | 20#21A new acceleration in financing the energy transition¹ BNP Paribas has already made a major pivot towards financing low-carbon energy production Financing of energy production¹: Low carbon €28.2bn Fossil fuels €23.7bn Renewable Biofuel Nuclear 12.1 24.8 5.3 5.0 -1.3 0.3 - 3.1 Gas extraction/production Oil refining Oil extraction/production Coal A new phase of rapid acceleration in financing the production of low-carbon energies and reducing financing for fossil fuels Objectives for 2030 €40bn in financing outstandings in the production of low-carbon energies, primarily renewables Less than €1bn in financing outstandings for oil extraction and production (>+80% decrease compared to the current level of €5bn) +30% reduction in financing outstandings for gas extraction and production Source: Loans outstanding in billions of euros as at 30 September 2022 Financing outstandings almost 20% higher in production of low-carbon energies than those for fossil fuel production as of end-September 2022 • • No financing to oil projects since 2016 Coal exit already well underway and will be completed by 2030 in EU and OECD countries Objectif 2030: 80% of financing outstandings in energy production will be for low-carbon energy 1. See press release of 24 January 2023 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 21#22A reinforced Internal Control Set-up An even more solid control and compliance set-up and ongoing efforts in inserting a reinforced compliance culture into daily operations Ongoing improvement of the operating model for combating money laundering and terrorism financing: ■ A standards-based, risk-adjusted approach, with a risk management set-up shared between business lines and Compliance (know-your-client, reviewing unusual transactions, etc.) Reinforced Group-level steering with regular reporting to monitoring and supervisory bodies Ongoing reinforcement of set-up for complying with international financial sanctions: Thorough and diligent implementation of measures necessary for enforcing international sanctions as soon as they have been published Broad dissemination of the procedures and intense centralisation, guaranteeing effective and consistent coverage of the surveillance perimeter ■ Continuous optimisation of cross-border transaction filtering tools and screening of relationship databases Ongoing improvement of the anti-corruption framework with increased integration into the Group's operational processes Intensified on-line training programme: compulsory programmes for all employees on financial security (Sanctions & Embargos, Combatting Money Laundering & Terrorism Financing), on combating corruption, protecting clients' interests, market integrity, and all topics dealt with in the Group's Code of Conduct. Ongoing missions of the General Inspection dedicated to insuring financial security within entities generating USD flows. These successive missions have been conducted since the start of 2015 in the form of 18- month cycles. The first four cycles achieved a steady improvement in processing and audit mechanisms. The fifth cycle was begun in 2Q21 and proceeded at a good pace despite public health constraints. It achieved results similar to those of previous cycles and was completed in July 2022. A sixth cycle was launched at the same frequencies and will be completed in December 2023. The remediation plan agreed as part of the June 2014 comprehensive settlement with the US authorities is now mostly completed BNP PARIBAS The bank for a changing world 2022 Full Year Results | 22#23GROUP RESULTS DIVISION RESULTS CONCLUSION 4Q22 DETAILED RESULTS APPENDICES BNP PARIBAS#24Corporate & Institutional Banking - 2022 Very good level of results sustained by strong client activity Good business drive, leveraging a diversified and integrated model Financing: a good performance amidst decreasing primary markets (syndicated loans, bonds and equities) • • • Markets: strong client demand on rates and foreign exchange markets, emerging markets and for commodity derivatives; a good level of demand in equities Securities Services: strong business drive and continued high level of transactions Confirmation of leadership positions • • #1 in EMEA in syndicated loans and bond issues as well as in Transaction Banking (cash management and trade finance) Leadership positions on multi-dealer electronic platforms CIB within the Top 3 in EMEA¹ Strong growth in revenues €bn +15.7% Revenues: €16,465m (+15.7% vs. 2021) +11.3% at constant scope and exchange rates Increases in all three businesses Very good performance of Global Banking in an unfavourable context (+2.6%) Very strong rise at Global Markets (+27.0%) • . Solid increase at Securities Services (+11.0%) 16.5 Operating expenses: €10,753m (+13.6% vs. 2021) 14.2 13.8 12.1 • Positive jaws effect (+2.1 pts) Increase driven by business development and exchange rate effects 2019 2020 2021 2022 • +8.1% at constant scope and exchange rates Pre-tax income: €5,398m (+16.0% vs. 2021) 1. Source: Coalition Greenwich 3Q22 Competitor Analytics YTD. Ranking based on Coalition Greenwich Index banks and on BNP Paribas product scope. EMEA: Europe, Middle-East, Africa BNP PARIBAS The bank for a changing world 2022 Full Year Results | 24#25CIB - Global Banking - 2022 Very good business drive in an unfavourable context Good level of activity sustained by the diversified model, with a very strong rebound in 4Q22 Good resilience on global syndicated loan, bond and equity markets down by 17% vs. 2021 Transaction Banking: strong increase in activity in all three regions Loans (€188bn in 4Q22, +10.5% vs. 4Q212): sustained increase in loans outstanding Deposits (€219bn in 4Q22, +11.9% vs. 4Q212): strong growth in deposits Confirmation of leadership positions in EMEA Leader in Transaction Banking (trade finance and cash management)³ with large corporate clients in Europe Consolidated leadership positions, particularly in syndicated loans and bond issues in EMEA4 Leader in green bonds globally5 Revenues: €5,218m (+2.6% vs. 2021) Very resilient performance by Capital Markets in EMEA (-12.5%) in an unfavourable market context (-17% vs. 20211) €m Increase in revenues on a receding market 4,312 5,087 5,218 4,727 2019 2020 2021 2022 Acknowledged European leader Rankings and market shares in volume terms in 20224 (%) #1 #1 #1 7.4 7.2 6.6 Very strong increase in Transaction Banking (+30.0%), particularly in cash management Strong growth in the Asia-Pacific region Increase in M&A, especially in EMEA EMEA Syndicated Loans All Bonds in € EMEA International Bonds 1. Source: Dealogic, volume of syndicated loans, bonds and equity issuances globally and in EMEA as at 31.12.22; 2. Average outstandings, change at constant scope and exchange rates; 3. Source: Coalition Greenwich Share Leader 2022 Europe Large Corporate Trade Finance, 2022 Europe Large Corporate Cash Management (preliminary data); 4. Bookrunner market share in volume 2022 - source: Dealogic as at 31.12.22; 5. Source: Bloomberg as at 31.12.22 - bookrunner market share in volume 2022 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 25#26CIB Global Markets - 2022 Very strong increase in revenues sustained by solid demand Very robust client activity on the whole • Fixed income, currencies & commodities: very strong client demand, driven in particular by reallocation and hedging needs in rates and foreign exchange products, emerging markets and commodity derivatives Equity markets: sustained level of activity in derivatives, good level of activity of prime services Strong growth in revenues €m 8,660 6,819 6,820 3,426 5,570 1,166 2,872 2,007 • Primary bond markets: #1 in euro-denominated bond issuance led globally on a decreasing market1 #1 worldwide in green bonds issuance² 5,652 5,234 3,563 3,947 Ongoing digitalisation • • Consolidation of leadership positions in multi-dealer electronic platforms An enriched offering: agreement to acquire³ Kantox, a platform for automation of currency risk management for corporates Revenues: €8,660m (+27.0% vs. 2021) FICC (+32.6%): very good performance in rates, foreign exchange, emerging markets and commodity derivatives; context less favourable on the primary and credit markets Equity & Prime Services (+19.3%): good level of client activity, particularly in equity derivatives, and a good level of contribution from prime services 2019 2020 2021 2022 FICC Equity & Prime Services Ranking on multi-dealer electronic platforms Forex market Rates market Credit market #1 in NDFs and swaps4 #1 on € government bonds5 #2 in € bonds issued by financial institutions6 #2 overall on € bonds6 Equity derivatives #1 on listed warrants and securities in Europe? 1. Source: Dealogic as at 31.12.22; bookrunner in volume; 2. Source: Bloomberg as at 31.12.22, bookrunner in volume; 3. In partnership with CPBS; subject to regulatory approvals; 4. Source: Bloomberg, 2022; 5. Source: Bloomberg and Tradeweb, 2022; 6. Source: Bloomberg, 2022; 7. In market share in 2022; source: aggregated volumes (i) reported by the exchanges and (ii) traded on OTC platforms BNP PARIBAS The bank for a changing world 2022 Full Year Results | 26 |#27CIB - Securities Services - 2022 Strong increase in revenues • • • • Very good business drive supported by a diversified model Sustained sales & marketing development, in particular with new mandates in Europe; start-up of a partnership with ARCA Fondi SGR in Italy in 4Q22 Very good momentum in private capital and in Asia-Pacific Good resilience of average assets (-3.0% vs. 2021) on an unfavourable market Increase in transaction volumes: +8.6% vs. 2021 Continued transformation of the operating model • Merger with BNP Paribas SA effective as at 01.10.22: strengthened operational integration and enhanced client experience Contribution of issuer service activities in France within the Uptevia entity as at 01.01.23 Revenues: €2,587m (+11.0% vs. 2021) Transaction volumes Settlement & delivery transactions in millions 32 31 32 29 23 25 26 1Q19 2Q19 3Q19 4Q19 1Q20 36 6 39 38 35 37 33 33 36 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Assets under custody (AUC) and under administration (AuA) End of period in €000bn 15.2 13.2 13.4 12.6 AuC Strong increase in transaction fees and favourable impact of the interest-rate environment 11.1 11.0 AuA 2.2 2.5 31.12.20 31.12.21 2.3 31.12.22 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 27#28GTS 2025 Corporate & Institutional Banking - 2022 A successful long-term strategy at the service of Corporate & Institutional clients GS 2025 A level of activity strengthened by the complete coverage of clients' needs & the diversification of business lines A broad and expanded offering of products & services An approach focusing on an overall, long-term relationship in all environments Strategic proximity strengthened by leadership positions in processing transactional flows Institutionals: leader in multi-dealer electronic platforms¹ Corporates: European leader in transaction banking2 Uniquely positioned to address the needs of the economy and its transformation Regular market share gains +14 bps increase in global market share 4 since 31.12.21 Growth potential and heightened resilience to cycles and peaks in volatility Growth in CIB revenues --- Quarterly average in €bn 3.02 4.12 3.56 3.44 Origination and distribution platforms with proven efficiency #1 worldwide in bond issuance in euros³ 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 An integrated platform generating a solid performance in all environments 1. See slide 26 for detailed rankings; 2. Source: Coalition Greenwich Share Leader 2022 Europe Large Corporate Trade Finance, 2022 Europe Large Corporate Cash Management (preliminary data); 3. Source: bookrunner rankings in volume, 2022, source: Dealogic as at 31.12.2022; 4. Source: BNP Paribas FY21 and 9M22 global CIB revenues (as published), Coalition Greenwich 3Q22 YTD and FY21 revenue pools (EUR at historical FX) based on BNP Paribas product scope BNP PARIBAS The bank for a changing world 2022 Full Year Results | 28 |#29- GTS 2025 Corporate & Institutional Banking - 2022 Action plan off to a good start: a scaled-up CIB, leveraging on the Group's strengths Pursue & deepen structural levers Step up with specific initiatives GT391925 integrated offering Operating IT platforms & industrialisation model and efficiency • Smart sourcing & pooling A solid equity franchise • A comprehensive, global & • New ways of working Merger of Securities Services with BNP Paribas SA (01.10.22) Contribution of issuer service activities in France within Uptevia (01.01.23) • Full potential of Global rollout of the Capital the integrated model . Markets platform Strengthened cooperation with CPBS and IPS Global governance to accelerate development 19% increase in cross-selling revenues #1 go-to partner for ESG transition • • Mobilisation and strengthening of capabilities Supporting clients in their transition Objectives of aligning with a low- carbon economy . . Acceleration in large investors & Private Capital Successful integration of Prime Brokerage & Electronic Execution and of Exane, #1 in European research² Strengthening in key sectors (technology, healthcare), enhanced visibility in M&A Interregional acceleration A go-to partner for multinationals Global flow businesses for all BNP Paribas clients 34% increase in interregional revenues Platforms rolled out worldwide Creation of the Low Transition Carbon Group (>100 bankers, 100% dedicated, a network of 160 persons) World leader in green bonds in 20224 ~€28bn in financing of low-carbon energy production 5, a trend that is accelerating 1. Cross-selling revenues generated by clients (business groups) of a CIB business line within another business line of CIB, CPBS or IPS 9M22 vs. 9M21; 2. Source: Institutional Investor 2022 - in 2022 for the sixth consecutive year; 3. In multinational companies, 9M22 vs. 9M21; 4. Source: Bloomberg as at 31.12.22, bookrunner in volume; 5. See slide 21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 29#30GTS 2025 Corporate & Institutional Banking Plan's financial targets revised upward Global Markets Plan targets revised upward Consolidation of the strong performance of 2022 and continued disciplined and above-market revenue growth 2025 targets¹ Revenues: CAGR 21-25 >+5.0% • Market share gains & consolidation of FICC performances in a normalising environment GTS 2025 • Continued development in Equity & Prime Services Global Banking • Market share gains in a context of recovery of the primary markets Expansion of volumes and franchises sustained by the business line's favourable positioning (financing and capital markets, sustainable finance and Transaction Banking) Securities Services 2021 Securities Services Global +5.5% Global Markets Banking +6.0% ~+4.5% 2025 Average jaws effect 2021-252: ~2 pts • Objective raised of cumulative recurring cost savings: >€750m by 2025 • Ongoing good business drive and recovery in assets under custody (AuC) and under administration (AuA) Lower operating expenses with the end of the contribution to the SRF: >€550m 1. Excluding the positive impact of the redeployment of the capital released by the sale of Bank of the West from 2023; 2. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses BNP PARIBAS The bank for a changing world 2022 Full Year Results | 30#31Commercial, Personal Banking & Services - 2022 Very strong increase in results and very positive jaws effect Very good business drive Loans: +7.0% vs. 2021, good growth in all businesses, increase in loans to individuals and corporates . • Deposits: +6.6% vs. 2021, strong increase across all customer segments Private Banking: very strong net asset inflows (€10.7bn) Loans +7.0% €bn 671 627 91 EM & BancWest 84 145 Specialised 137 Businesses Ongoing digitalisation • • • ~294 million monthly connexions to the mobile apps¹ (+14.1% vs. 2021) Increase in customer acquisitions with Hello bank!2: 3.3 million customers as of 31.12.22 (+6% vs. 31.12.21) and fast pace of account openings at Nickel (~53,000 per month³) Digital offering enriched in partnership with fintechs: an automated foreign-exchange risk management platform for corporates, a cash-flow forecast solution, and development of beyond-banking services Revenues: €28,301m (+9.3% vs. 2021) • Very good performance of Commercial & Personal Banking (+8.0%), driven by the very strong increase in net interest income and by the increase in fees • Very strong growth at Specialised Businesses (+12.0%) Eurozone 406 436 C&PB 2021 Deposits 2022 +6.6% €bn 646 606 114 EM & BancWest 109 30 Specialised 28 Businesses Operating expenses*: €17,928m (+6.0% vs. 2021) 469 501 Eurozone C&PB +4.2% at constant scope and exchange rates . • Positive jaws effect (+3.3 pts) 2021 2022 Pre-tax income5: €8,000m (+24.1% vs. 2021) 1. Scope: individual, professional and Private Banking customers of Commercial & Personal Banking and of digital banks, Nickel and Personal Finance; 2. Excluding Austria and Italy; 3. On average in 2022 in all countries; 4. Including 100% of Private Banking, including PEL/CEL effects; 5. Including 2/3 of Private Banking, including PEL/CEL effects BNP PARIBAS The bank for a changing world 2022 Full Year Results | 31#32- CPBS Commercial & Personal Banking in France - 2022 Strong increase in results Sustained growth in activity . Loans: +4.8% vs. 2021, increase across all customer segments, greater selectivity in mortgage loans Loans +4.8% €bn Deposits: +4.8% vs. 2021, increase across all customer segments, low relative exposure to regulated savings • Off-balance sheet savings: -3.8% vs. 31.12.21, in an unfavourable market environment 234 245 • • • • Private Banking: very strong net asset inflows (€6.2bn, +47.7% vs. 2021), external client acquisitions and synergies with entrepreneurs Accelerated development in corporate client segment Expanded investment banking capabilities dedicated to SMEs and mid-caps, development of equity capital operations: 17 mandates in 2022 (x2 vs. 2021) Strong increase in cash management and trade finance fees (+10.2% vs. 2021) Innovation and rollout of service models Mobile apps for retail customers recognised as the most innovative in France1 Rollout of an offering dedicated to Mass affluent clients (130,000 paying subscriptions in 2022) Revenues²: €6,680m (+6.6% vs. 2021) ⚫ Net interest income: +4.9%, driven by a favourable environment and the contribution of specialised subsidiaries • Fees: +8.5%, up across all customer segments Operating expenses²: €4,698m (+3.1% vs. 2021) • Very positive jaws effect (+3.5 pts) • Support for growth and ongoing impact of cost-savings measures 2021 2022 Fees² €m +17.8% +8.5% 2,869 3,112 2,641 2020 2021 2022 Pre-tax income³: €1,613m (+36.5% vs. 2021) 1. Mobile apps of Hello bank! and Mes comptes BNP Paribas ranked n°1 in online banking and traditional banking categories by MindFintech in January 2023; 2. Including 100% of Private Banking including PEL/CEL effects (+€46m in 2022, +€29m in 2021); 3. Including 2/3 of Private Banking, including PEL/CEL effects BNP PARIBAS The bank for a changing world 2022 Full Year Results | 32#33CPBS BNL banca commerciale - 2022 - Ongoing impact of the transformation of the operating model • • • Good business drive Loans: +2.1% vs. 2021, 4.1% increase on the perimeter excluding non- performing loans, driven by mortgage loans and an increase in factoring Deposits: +8.5% vs. 2021, steep increase in all customer segments, particularly corporates Off-balance sheet savings: -8.6% vs. 31.12.21, in an unfavourable market environment Optimisation of the operating model and variabilisation of costs: outsourcing certain IT activities and back-office processes implemented in 2Q22: total transfer of 803 FTEs Customer satisfaction: level of recommendation above the Italian market average and n°1 traditional bank in Italy in 20221 Revenues²: €2,634m (-1.7% vs. 2021) -0.1% at constant scope³ Net interest income: -1.3%, positive impact of the interest-rate environment on deposits offset by the gradual adjustment in loan margins Fees: -2.2%, +1.5% at constant scope³, increase in banking fees, particularly in corporate clients and decrease in financial fees Operating expenses²: €1,735m (-2.5% vs. 2021) • • -0.5% at constant scope³ Deposits +8.5% 59 64 2021 €bn 2022 Constant improvement in cost of risk Cost of risk (in bps) 179 124 116 75 69 58 Impact of the transformation of the operating model and adaptation measures ("Quota 100" retirement plan) 2012 2014 2016 2018 2020 2022 Pre-tax income4: €410m (+8.8% vs. 2021) • Positive jaws effect (+0.8 pt) • +10.6% at constant scope4 Decrease in the cost of risk 1. Survey conducted by an independent market study firm; 2. Including 100% of Private Banking; 3. Business divestment effective 02.01.22; 4. Including 2/3 of Private Banking BNP PARIBAS The bank for a changing world 2022 Full Year Results | 33#34CPBS Commercial & Personal Banking in Belgium - 2022 - Sustained business drive Growth in activity in support of the economy • • . • Loans: +14.8% vs. 2021 (+7.5% at constant scope and exchange rates²), very strong growth in loans to individuals, contribution from bpost bank (+€8.4bn), and strong increase in corporate loans (+12.7%) Deposits¹: +9.2% vs. 2021 (+1.2% at constant scope and exchange rates²), significant contribution from bpost bank (+€11.3bn) Off-balance sheet savings: -7.6% vs. 31.12.21, in an unfavourable market context Private Banking: good net asset inflows of €2.1bn; level of customer's recommendation far above the average of private banks in Belgium³ Adapting the operating model to retail customers • Implementation of a 7-year exclusive distribution partnership with bpost Development of the value & quality of service: BNPP Fortis' financial expertise combined with the proximity provided by the bpost distribution network (>600 post offices, where all basic financial services will be available) Greater cost variability Revenues: €3,764m (+7.3% vs. 2021) Net interest income: +8.9%, a strong increase driven by all customer segments Fees: +3.6%, increase in banking fees driven by transaction banking activities and corporate clients, offset partly by the decrease in financial fees Operating expenses4: €2,615m (+9.7% vs. 2021) Increase driven mainly by the expansion in activity +4.0% at constant scope² Impact of inflation offset partly by cost-savings and optimisation measures Loans¹ +14.8% 135 118 €bn 2021 2022 • Deposits¹ +9.2% 148 162 €bn 2021 2022 Pre-tax income5: €1,049m (+7.8% vs. 2021) Decrease in the cost of risk 1. See slide 71; 2. Consolidation of bpost bank as of 01.01.2022; 3. Survey by an independent market research firm; 4. Including 100% of Private Banking; 5. Including 2/3 of Private Banking BNP PARIBAS The bank for a changing world 2022 Full Year Results | 34#35CPBS-Europe Mediterranean - 2022 Good business drive Commercial activity Loans: +17.7% vs. 2021, increased volumes in corporate clients, particularly in Poland; prudent origination, particularly in individual customers in Poland and Türkiye Deposits: +21.8%¹ vs. 2021, up in Poland and Türkiye, particularly in corporate customers 4.1 million active digital customers² (+17.6% vs. 31.12.21) Ongoing transformation Sale of businesses in sub-Saharan Africa in the process of closing Development of the sustainable finance offering recognised in Poland with the best ESG rating amongst Polish banks³ Limited overall impact from the implementation of IAS 29 and from the efficiency of the hedging in Türkiye: -€6m on pre-tax income Loans1 +17.7%¹ 35 30 €bn 2021 2022 • Deposits¹ +21.8%¹ Revenues: €2,346m (+32.5% vs. 2021) Driven by the very strong increase in net interest income in deposits, despite the impact of negative items linked to loans in 4Q21 and 4Q22 in Poland Operating expenses: €1,649m (+11.3% vs. 2021) Increase driven particularly by high wage inflation Very positive jaws effect (+21.2 pts6) 42 34 €bn 2021 2022 Pre-tax income5: €817m (x2.26 vs. 2021) BNP PARIBAS 1. At constant scope and exchange rates; 2. Perimeter Including Türkiye, Poland, Morocco and Algeria; 3. "ESG Risk Rating" of BNP Paribas Polska by Sustainalytics; 4. Including 100% of Private Banking; 5. Including 2/3 of Private Banking; 6. At constant scope and exchange rates excluding Türkiye at historical exchange rates in accordance with IAS 29 The bank for a changing world 2022 Full Year Results | 35#36CPBS - BancWest - 2022 Continued good business activity • Sustained business drive Loans: +3.8%¹ vs. 2021, increase in mortgage and corporate loans Deposits: -6.0%² vs. 2021, decrease in customer deposits³ (-6.0%²) and in money-market deposits Private Banking: $18.7bn in assets under management as of 31.12.22 (+1.2% vs. 30.09.22) Closing of the sale to BMO Financial Group on 1 February 2023 Revenues: €2,731m (+0.2% vs. 2021) • +2.3% excluding the impact of non-recurring items in 2021 • Increase in net interest income with the improvement in the margin and the increase in loan volumes • Good performance in banking fees Loans1 +3.8% 56 58 $bn 2021 2022 Operating expenses4: €2,061m (+8.5% vs. 2021) Pre-tax income5: €660m (-24.1% vs. 2021) • Increase due particularly to targeted projects (+4.3% excluding costs linked directly to the sale) • Increase in cost of risk (reminder: release of provisions in 2021) 1. At constant scope and exchange rates excluding Paycheck Protection Program loans; 2. At constant scope and exchange rates; 3. Deposits excluding treasury activities; 4. Including 100% of Private Banking; BNP PARIBAS The bank for a changing world 5. Including 2/3 of Private Banking 2022 Full Year Results | 36#37CPBS - Specialised Businesses - Personal Finance - 2022 Transformation and adaptation of activities • Business drive • • Loans: +3.5% vs. 2021, consolidation of 50% of Floa's loans outstanding (€1.0bn)² Rollout of the exclusive strategic partnership with Jaguar Land Rover in January 2023: targeted increase in outstandings of ~€3bn by 2025 Implementation of the new partnership with Stellantis scheduled in April 2023: targeted increase in outstandings of ~€7bn by 2025 Business transformation and adaptation project • Geographical refocusing of activities in the Eurozone Reorganisation of the operating model and continuation of ongoing technological and industrial transformation Implementation of strategic partnerships in auto loans Objective of continued improvement in the risk profile and profitability Revenues: €5,387m (+3.3% vs. 2021) +0.3% at constant scope² and exchange rates Impact of higher volumes partly offset by the strong pressure on margins Operating expenses: €2,922m (+4.2% vs. 2021) +1.4% at constant scope² and exchange rates Support to business development and targeted projects Loans +3.5%¹ €bn 91 2021 94 44 2022 Structural improvement of cost of risk with the product mix Personal loans Credit cards Auto loans 51% 42% Change in the mix3 36% 18% 20% 11% Average COR4 -190 bps ~345 bps ~45 bps Pre-tax income²: €1,121m (-4.6% vs. 2021) 2021 reminder: a high basis in other non-operating items 1.+2.5% excluding Floa; 2. Consolidation of 50% of Floa's contribution, effective 01.02.22; 3. Between 31.12.2016 and 31.12.2022; 4. 2019-3Q22 average calculated on the basis of management figures and average outstandings excluding Floa BNP PARIBAS The bank for a changing world 2022 Full Year Results | 37#38CPBS - Specialised Businesses - Arval & Leasing Solutions - 2022 Very strong performance and positive jaws effect • • • Arval Very good growth in the financed fleet (+8.3%¹ vs. 31.12.21) and continued very high used car prices Targeted acquisitions & new partnerships: acquisition of Terberg Business Lease (38k vehicles) in the Netherlands, takeover of BCR2 business in Romania (3.5k vehicles) and implementation of the agreement Jaguar Land Rover Strong increase in flexible mobility solutions (55k vehicles, +48.0% vs. 31.12.21) and already 7,800 users of the mobility app. (+178% vs. 31.12.21) Leasing Solutions Increase in outstandings (+3.9% vs. 2021) and good resilience in business activity New partnerships and financing of the energy transition: Eaton Industries Manufacturing GmbH (energy management) and Arcelor (electric vehicle recharging stations) Revenues: €3,438m (+28.5% vs. 2021) • Very good performance at Arval (very high level of used car prices) • Good growth at Leasing Solutions with the increase in outstandings Operating expenses: €1,395m (+7.4% vs. 2021) • Very positive jaws effect (+21.1 pts) Arval: a balanced distribution in revenues margin Financial Used car sale 29% 45% margin Services margin 26% 2022 revenues Leasing Solutions: acknowledged expertise4 AWARDS THE JOURNAL FOR ASSET FINANCE LEASINGLIFE EUROPEAN LESSOR OF THE YEAR 2011, 2014, 2016, 2017, 2020, 2021, 2022 THE MURA SEED NANGE LEASINGLIFE BEST ENERGY TRANSITION FINANCING PROGRAM OF THE YEAR 2022 AWARDS gop Pre-tax income: €1,957m (x 1.6 vs. 2021) 1. Increase in the fleet at the end of the period in thousands of vehicles, +5.5% excluding the acquisition of Terberg Business Lease and BCR; 2. Erste Group; 3. At constant scope and exchange rates; 4. Leasing Life Conference & Awards 2022 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 38 |#39- CPBS Specialised Businesses – 2022 - New Digital Businesses (Nickel, Floa, Lyf) and Personal Investors NICKEL, a payment offering accessible to everyone Expansion in Europe with the 2022 launch of the offering in Belgium and Portugal; a faster pace of account openings since the start of the year (~49,000 per month¹ in 1Q22, ~58,000 in 4Q221) ~3.0 million accounts opened² as at 31.12.22 (+24.5% vs. 31.12.21) at more than 8,600 points of sale² (+22.2% vs. 31.12.21) FLOA, the French leader in Buy Now Pay Later • ~4 million customers as at 31.12.22 (+10.4% vs. 31.12.21) Good level of production maintained with a tightening in credit standards BNP PARIBAS a specialist in digital banking and investment services PERSONAL INVESTORS ' A still high level of order numbers in an unfavourable market context Consorsbank, recognised #1 bank in Germany for its digital offering³ - Nickel: expansion in Europe ~3.0m accounts opened² as at 31.12.22 (~+600k vs. 31.12.21) 1/1. NICKEL Floa: number of customers +10.4% 4m 3.6m Revenues: €846m (+13.7% vs. 2021) Steep increase in New Digital Businesses, driven by business development Reminder: consolidation of 50% of Floa's contribution, effective 01.02.22 Personal Investors revenues down in an unfavourable market context Operating expenses+: €578m (+12.8% vs. 2021) Driven by the development strategy of New Digital Businesses Positive jaws effect (+1.0 pt) 31.12.21 31.12.22 Pre-tax income 5: €157m (-29.4% vs. 2021) Effect of the integration of Floa on the cost of risk 1. On average for the quarter in all countries; 2. Since inception, total for all countries; 3. D-Rating 2022 ranking; 4. Including 100% of Private Banking in Germany; 5. Including 2/3 of Private Banking in Germany BNP PARIBAS The bank for a changing world 2022 Full Year Results | 39#40Commercial, Personal Banking & Services - Commercial & Personal Banking Development strategy confirmed Strengthening our leading positions in Europe #1 in the Corporate segment in Europe¹ #1 in Corporate Banking, Cash Management & Trade Finance¹ Favourable positioning and enhanced cooperation between businesses generating an increase in cross- selling revenues of +16%2 Comprehensive transaction banking offering: increase by 9% of number of transactions processed on pooled payment platforms³, development of acquisition capacities (+16% vs. 2021), broad rollout of APIs The Eurozone's #1 Private Bank5 Very sustained net inflows in 2022 (>€9.0bn) Broad coverage of client needs in coordination with IPS and CIB (structured products, responsible savings, etc.) ~60% of GOI of Commercial & Personal Banking in the Eurozone is generated by corporate clients and GTS Adaptation of the operating model underway in retail activities Acceleration of digital and technological transformations: 13.3 million active customers on mobile apps in 4Q22 (+11.1% vs. 4Q21)6 Adaptation of services models to customer value: Rollout of customer services & offering dedicated to Mass affluent customers in France, Belgium, and Italy Enhanced operational efficiency Outsourcing of some IT and back-office activities at BNL, total transfer of 803 FTEs Economies of scale with the pooling of ATMs underway in Belgium and being studied in France and Luxembourg >20% of individual clients are Mass affluent clients7 ~20% by Private Banking clients 1. Source: Coalition Greenwich Share Leader 2022 Europe Large Corporate Trade Finance, 2022 Europe Large Corporate Cash Management (preliminary data); 2. Revenues generated by a client (a business group) of a CPBS business line in another business line of CPBS, IPS or CIB (9M22 vs. 9M21); 3. Scope: Individual, Private Banking and corporate clients, including acquisition transactions except Axepta Italy; 4. All acquisition transactions processed on a scope of individual, Private Banking and corporate clients, except Axepta Italy; 5. Assets under management, as published by the main Eurozone banks for 3Q22; 6. Scope: average of CPB individual, professional and Private Banking clients in the Eurozone, Personal Investors in Germany, and Nickel; 7. Scope: BCEF, BCEB, BNL, BCEL, BNPP Polska and Consorsbank BNP PARIBAS The bank for a changing world 2022 Full Year Results | 40#41Commercial, Personal Banking & Services - Specialised Businesses A development plan to accelerate and foster growth and profitability Acceleration in profitable growth confirmed Arval: growth in the fleet reinforced by bolt-on acquisitions and new partnerships initiated in particular in 2022, strong growth in flexible mobility solutions 2025 target: >2m vehicles Nickel: profitable growth with low acquisition costs, rollout in Europe based on a single technological platform & external distribution networks 2025 target: >6m accounts opened¹ in 8 countries Transformation of activities to foster growth and profitability Personal Finance: geographical repositioning in the Eurozone; gradual rollout of significant partnerships in auto loans; industrialisation & enhancement of operating efficiency 2025 target: +€10bn in outstandings with the implementation of new auto loan partnerships Ongoing improvement in cost of risk with the evolution in the mix: ~120 bps in 2025 Improvement in RONE by 2025 Floa: leader in Buy Now Pay Later in France, expansion of the offering in Europe by leveraging Floa's technological assets and the Group's client franchises 2025 target: doubling the number of clients in more than 10 countries Leasing Solutions: digitalisation of the value- chain, new asset classes financed to support the transition of partners, industrialisation and modernisation of the operating model 2025 target: Improved C/I by >2 pts between 2021 and 2025 GTS 2025 1. Since inception BNP PARIBAS The bank for a changing world 2022 Full Year Results | 41#42• GTS 2025 Commercial, Personal Banking & Services - Significant increase in Commercial & Personal Banking objectives Targets revised upward in Commercial & Personal Banking Positive impact of rate hikes, boost in margin sustained by a favourable positioning Consolidation of the rise in fees driven by an extended offering in cooperation with CIB and IPS, the development of the beyond banking offering, and leading positions in flow businesses Refocusing Europe-Mediterranean on Europe and its periphery and strengthening in Corporates, Private Banking and Mass Affluent client segments • Stepped-up gains in operational efficiency ◆ Specialised Businesses: fostering growth at marginal cost & enhanced profitability . • Ongoing growth at Arval and Leasing Solutions, gradual normalisation of used car prices by 2025 but at still-high levels, and productivity gains. Transformation and adaptation at Personal Finance Continued profitable growth and development in Europe of New Digital Businesses & Personal Investors • • 2025 targets¹ Revenues: CAGR 21-25 +5.5% 2021 C&P Banking¹ Specialised Businesses CAGR: >+4.5% CAGR: ~+6% Jaws effect 21-252: ~3 pts Reinforced target in recurring cost savings: €1.2bn Decrease in operating expenses 2025 2025 2023/2024 with the ramp-up of the SRF contribution: ~€250m Positive impact of higher interest rates ~80% of the total impact³, or >+€1.6bn compared to the plan's initial targets 1. Including 100% of Private Banking in Commercial & Personal Banking and PI in Germany, excluding Bank of the West - excluding the positive impact of the redeployment of the capital released by the sale of Bow from 2023; 2 CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 3. See slide 5 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 42#43Investment & Protection Services - 2022 Growth of results with a good level of activity in a lacklustre environment Good sales and business drive sustained by net asset inflows in Wealth Management Revenues +3.0% 6,670 6,476 €m Good net asset inflows (+€31.9bn in 2022): strong net asset inflows in Wealth Management; positive inflows in Asset Management • • • Good resilience of Real Estate and at Insurance, driven by good business drive in Savings in France Development of new opportunities Creation of a Private Assets franchise, combining specific expertise from Asset Management, Insurance and Principal Investments Acceleration in pension savings at BNP Paribas Cardif in partnership with Asset Management Strong development of Insurance partnerships: new partnerships and expansion of existing ones (Volkswagen Financial Services, Orange, Boulanger, Neon, Coppel and Banco de Brasília) Revenues: €6,670m (+3.0% vs. 2021) • Very good growth in revenues at Wealth Management Impact of the market environment on Asset Management and Insurance revenues Growth at Real Estate Operating expenses: €4,363m (+3.5% vs. 2021) Driven by business development and targeted initiatives Positive jaws effect: ~0 pt at constant scope and exchange rates 2021 2022 Pre-tax income +4.8% €m 2,499 2,620 2021 2022 Pre-tax income: €2,620m (+4.8% vs. 2021) • • Positive impact of capital gains on sales in 2021 and 2022 Good contribution by associates BNP PARIBAS The bank for a changing world 2022 Full Year Results | 43#44IPS Asset inflows and AuM - 2022 Good net asset inflows in a context of declining markets Assets under management: €1,189bn as at 31.12.22 Change in assets under management¹ • - 6.9% vs. 31.12.21, in connection with a very unfavourable market performance effect: -€129.9bn €bn +31.9 • Favourable foreign exchange effect: +€9.3bn Market effect +9.3 +1.2 • Others: +€1.2bn Total 1,277 Net asset inflows -129.9 Forex Others effect 1,189 Net asset inflows: +€31.9bn in 2022 • • • Wealth Management: good net asset inflows, driven by Commercial & Personal Banking in Europe, France in particular, as well as by activity in Germany and Asia Asset Management: strong net asset inflows, driven by good inflows into medium- and long-term vehicles and the rebound of net asset inflows into money-market funds in 4Q22 Insurance: net asset inflows, driven by unit-linked products and continued good gross asset inflows, particularly in France 31.12.21 31.12.22 Assets under management¹ as at 31.12.22 Insurance: 247 Wealth Management: 411 O® Asset Management, including Real Estate and Principal Investments²: 532 €bn 1. Including distributed assets; 2. Assets under management of Real Estate Investment Management: €30bn; Assets under management of Principal Investments: €1bn BNP PARIBAS The bank for a changing world 2022 Full Year Results | 44#45IPS - Insurance - 2022 Good resilience of business activity Solid business activity • Savings: gross asset inflows of €22.8bn in 2022, with unit-linked policies accounting for the vast majority of net inflows A balanced model • • Protection: further growth in France with a good increase in credit insurance and a strong increase in individual protection and property & casualty; internationally, a strong rebound in Latin America Continued development of the offering Issuance of the first social bond¹ structured by CIB with BNP Paribas Cardif as an investor Pensions: certification obtained to provide Supplemental Professional Pension Fund activities in France Strong business drive in affinity insurance in France (1.6m contracts managed as of the end of 2022), with a successful diversification in extended warranties covering household appliances Protection: 42% Protection revenues +3.5% Savings: 58% 2022 Revenues €m Revenues: €2,774m (-1.9% vs. 2021) Increase in revenues in Savings and Protection Decrease in financial result due to market performance effects in 2022 Operating expenses: €1,558m (+1.4% vs. 2021) Support of business development and targeted projects 2021 2022 Pre-tax income: €1,376m (+0.5% vs. 2021) Increase in the contribution by associates from a low 2021 level 1. The bond's performance tracks the MSCI Eurozone Social Select 30 index BNP PARIBAS The bank for a changing world 2022 Full Year Results | 45#46IPS - Wealth & Asset Management¹ - 2022 Good performance of the activity Wealth Management • • Strong net asset inflows, especially in Commercial & Personal Banking (particularly in France) and with high-net-worth clients Good increase in loans outstanding (+4.2% vs. 2021) and in deposits (+9.0% vs. 2021) Asset Management • • Good net asset inflows driven by net asset inflows into medium- and long- term vehicles and into money-market funds, with a year-end rebound Development of the responsible and sustainable investment range and signing of an agreement² to acquire a majority stake in IWC, a specialist in managing natural resources Real Estate Good performance in Investment Management, Property Management and Advisory in France Revenues: €3,896m (+6.8% vs. 2021) • Wealth Management: increase driven by growth in net interest income • Asset Management: very unfavourable impact of the market environment ⚫ Principal Investments: strong growth • Real Estate: increase driven by Property Management and Investment Management Operating expenses: €2,806m (+4.6% vs. 2021) Driven by business development at Wealth Management and Real Estate ◆ Acknowledged leadership Outstanding Private Bank in Europe³ Best Private Bank in Hong Kong4 World's Best Private Bank for Entrepreneurs5 Open funds classified Art. 8 or 96 Asset Management +8 pts 89% 81% 31.12.21 31.12.22 Pre-tax income: €1,244m (+10.0% vs. 2021) A smaller impact of capital gains on sales in 2022 compared to 2021 1. Asset Management, Wealth Management, Real Estate and Principal Investments; 2. Upon customary conditions precedents; 3. Private Banker International Global Wealth Awards, 2022; 4. Asian Private Banker 2022; 5. Global Private Banking Innovation Awards 2022; 6. Assets under management of open funds distributed in Europe and classified Article 8 or Article 9 (SFRD) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 46#47• . • GTS 2025 - Investment & Protection Services - 2022 Diversified and complementary leading platforms positioned to grow Protection Insurance A European leader with a product mix balanced in Savings & Protection #1 in CPI worldwide1 Financial savings and investments Wealth Management A European leader with a global, comprehensive & integrated offering #1 in the Eurozone² A diversified & integrated distribution model Close proximity with CPBS networks Insurance: Development of long-term partnerships AM: A high-performance sales & marketing platform and a development of joint-ventures internationally Insurance 2022 premiums External distribution AM AuM as of 31.12.22 Joint-ventures BNPP networks External networks 12% Corporates & Institutionals (Individuals) 11% 48% 52% 59% BNPP networks 18% (Individuals) Asset Management A transformed & efficient platform, a leader in sustainable investment #2 in sustainable management³ Real Estate Real Estate Services A European leader integrated into the real- estate value chain 2025 #3 European in Advisory4 An ambitious vision for 2025 The European player of reference in protection, savings and sustainable investments 3 strategic pillars Accelerate in Financial Savings Capture growth in Private Assets Strengthen leadership in CSR Make the most of the integrated model 4 key levers Keep deploying new ways of working Move to the next level in digital, data and Al Keep optimising the operating model 1. Source: Finaccord 2021, N°1 worldwide in Creditor Insurance by Gross Written Premium; 2. In assets under management as published by the main Eurozone banks in 3Q22; 3. Source: ShareAction; N°2 worldwide for the quality of its sustainable investment processes; 4. Source: RCA Global Ranking, commercial real-estate investment volumes in Europe, 2021 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 47#48GTS 2025 Investment & Protection Services Solid franchises, well positioned to benefit from the recovery Extend our commercial outperformance over time 2025 Targets4 AM: 2022 Net asset inflows / WM: Assets under management² 2021 AuM1 BNPP +2.3% BNPP -1.0% Peer 1 Peer 1 Peer 2 Peer 2 Peer 3 Peer 3 Average: Peer 4 Peer 4 Peer 5 -1.5% Peer 5 Average: -10% Peer 6 Peer 6 Peer 7 GOI: CAGR 21-25 >+6% WAM³ Insurance CAGR: ~+9% CAGR: +4% GS 2025 Capitalise on the good momentum generated by the plan's launch • • Extension of the product offering: creation of a Private Assets franchise; expansion of protection internationally Strong development of partnerships: new partnerships, renewals of existing ones and joint-ventures Enhanced operating performance of platforms & next- level digitalisation Seize new growth opportunities Targeted acquisitions & expansion in specific expertises Adapting the offering to higher interest rates 2021 Sustained growth in AuM: CAGR 22-25: >+7 % Change in Insurance accounting standards effective from 01.01.23 Pre-tax income 2023 (IFRS17)> Pre-tax income 2022 (IFRS4) 2025 Improvement in C/I ratio with the change of treatment of attributable expenses5 1. Source: Morningstar database, net asset inflows of European mutual funds, 2022 vs. 2021- Amundi (including CPR AM & Lyxor), Axa, Crédit Suisse, DWS (including Xtrackers), Natixis (including Ecofi), UBS (including LS AM); 2. Change in assets under management, as published by the main market actors (i.e., public information), 9M22 vs. 9M21 - Bank of America, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, UBS ;3. WAM: Asset Management, Wealth Management, Real Estate and Principal Investments; 4. Excluding Bank of the West and the positive impact of the redeployment of capital released by the sale of BoW from 2023; 5. See slide 85 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 48#49GROUP RESULTS DIVISION RESULTS CONCLUSION 4Q22 DETAILED RESULTS APPENDICES BNP PARIBAS#50Conclusion Solid performance Revenue growth, positive jaws effect, and prudent risk management 2022 net income: €10,196m +7.5% vs. 2021 (+19.0% excluding exceptional items) Strategic pillars confirmed, ambitions revised upward Net income, Group share: CAGR 22-25 >+9% EPS: CAGR 22-25 >+12% Leadership affirmed in financing the energy transition A new phase of strong acceleration Strong mobilisation and commitment of the teams to support clients BNP PARIBAS The bank for a changing world 2022 Full Year Results | 50#51BNP Paribas' ambitions for 2025 GT 2021-2025 financial targets in brief Significant improvement of GTS 2025 Plan targets Revised target Embarked growth Net income1 CAGR 2022-2025 >+9% Positive impact of interest rates Revised target EPS2 CAGR 2022-2025 >+12% Redeployment of CET1 released by the sale of Bow or ~+40% over the period 2025 ROTE ~12% Jaws effect Positive every year >+2.0 pts on average³ Objective of a disciplined growth reaffirmed Cost of risk 2022-2025 < 40 bps 1. Group share; 2. Earnings per share; 3. CAGR 2022-2025 Revenues minus CAGR 2022-2025 Operating expenses excluding the positive impact of the change in accounting standards, see slide 48 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 51#52GTS 2025 A solid financial structure Reaffirmed targets 2024 objectives¹ 12.9% CET1 ratio Basel 3 (CRR2) fully loaded 17.1% Total Capital Basel 3 (CRR2) fully loaded TLAC Leverage ratio 29.3% of RWAS Basel 3 (CRR2) fully loaded 2025 objectives1 12.0% Basel 3 finalised (CRR3) fully loaded 15.9% Basel 3 finalised (CRR3) fully loaded 27.2% of RWAS Basel 3 finalised (CRR3) fully loaded 4.2%² by 2023 End of period 1. Trajectories based on expected regulatory constraints and an estimate of the impact of the finalisation of Basel 3 (CRR3) fully loaded of 8%; 2. Average leverage ratio target of 4.1% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 52#53BNP PARIBAS GROUP RESULTS DIVISION RESULTS CONCLUSION 4Q22 DETAILED RESULTS APPENDICES#544Q22: Very solid results driven by the strength of BNP Paribas' model Revenue growth, positive jaws effect and prudent risk management Strong growth in revenues, supported by all divisions • Very strong increase in Corporate & Institutional Banking (+18.2%) Very strong growth in Commercial, Personal Banking & Services¹ (+8.0%) • Increase in revenues in Investment & Protection Services (+1.6%) in an unfavourable market environment Positive jaws effect (+1.0 pt, +1.7 pt at constant scope and exchange rates) (~40% of the increase in operating expenses related to scope and exchange rate effects) Prudent, proactive and long-term risk management reflected in low cost of risk Revenues: +7.8% vs. 4Q21 Operating expenses: +6.8% vs. 4Q21 (at constant scope and exchange rates) Revenues: +5.8% vs. 4Q21 Operating expenses: +4.2% vs. 4Q21 Cost of risk: 31 bps² Solid growth in net income (excluding exceptional items)³ Strong decrease in exceptional items (-€311m vs. 4Q21) Net income³: €2,150m +7.3% vs. 4Q21 (excluding exceptional items) 1. Including 100% of Private Banking in Commercial & Personal Banking (including PEL/CEL effects in France); 2. Cost of risk /customer loans outstanding at the beginning of the period (in bps); 3. Group share BNP PARIBAS The bank for a changing world 2022 Full Year Results | 54 |#55Main exceptional items - 4Q22 Strong decrease in exceptional items Exceptional items Operating expenses 4Q22 4Q21 • • Restructuring costs and adaptation costs (Corporate Centre) IT reinforcement costs (Corporate Centre) -€103m -€61m -€85m -€21m Total exceptional operating expenses -€188m -€82m Other non-operating items Capital gain on the sale of buildings (Corporate Centre) Impairments (Corporate Centre) Total exceptional other non-operating items +€184m +€75m +€259m Total exceptional items (pre-tax) Total exceptional items (after tax)1 -€188m +€177m -€138m +€172m 1. Group share BNP PARIBAS The bank for a changing world 2022 Full Year Results | 55#564Q22 Consolidated Group Very solid results, strong growth and positive jaws effect 4Q22 4Q21 4Q22 vs. 4Q21 Revenues €12,109m €11,232m +7.8% +5.8% 4Q22 vs. 4Q21 At constant scope & exchange rates 4Q22 vs. 4Q21 Operating divisions +10.0% Operating expenses -€8,473m -€7,930m +6.8% +4.2% +8.1% Gross operating income €3,636m €3,302m +10.1% +9.9% +14.1% Cost of risk -€773m -€510m +51.6% +32.7% +63.2% Operating income €2,863m €2,792m +2.5% +5.7% +5.9% Non-operating items €74m €378m -80.4% n.a -52.0% Pre-tax income €2,937m €3,170m -7.3% -5.4% +3.6% Net income, Group share €2,150m €2,306m -6.7% Net income, Group share excluding exceptional items¹ 1 €2,289m €2,134m +7.3% 1. See slide 55 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 56#574Q22 - Revenues Growth in revenues in all divisions cpbs CIB IPS Corporate & Institutional Banking +18.2% Commercial, Personal Banking & Services¹ Investment & Protection Services Operating divisions +15.2% at constant scope & exchange rates +8.0% Commercial & Personal Banking1 +5.9% +1.6% +1.0% +10.0% +7.9% at constant scope & exchange rates at constant scope & exchange rates at constant scope & exchange rates +7.9% Specialised Businesses 3,858 4,318 4,660 +8.3% 3,264 2,187 2,369 4Q21 1,639 1,665 4Q22 €m CIB: very strong increase driven by the very good performances of all three businesses: Global Markets (+23.8%), Global Banking (+15.0%) and Securities Services (+12.8%) CPBS: strong growth in Commercial & Personal Banking driven by the strong increase in net interest income - strong growth in revenues in the Specialised Businesses (Arval in particular) IPS: rise in a very unfavourable market context, sustained in particular by the strong increase in Private Banking BNP PARIBAS The bank for a changing world 1. Including 100% of Private Banking in Commercial & Personal Banking 2022 Full Year Results | 57#584Q22-Operating expenses Positive jaws effects CIB cpbs iPS Corporate & Institutional Banking Commercial, Personal Banking & Services¹ Investment & Protection Services Operating divisions +16.8% +12.8% at constant scope & exchange rates +5.5% +3.4% -0.6% -1.5% +8.1% +5.6% at constant scope & exchange rates at constant scope & exchange rates at constant scope & exchange rates Commercial & Personal Banking1 +5.6% Specialised Businesses 3,243 2,348 2,743 +5.4% 3,071 1,181 1,244 1,164 1,157 4Q21 4Q22 €m CIB: support for business growth and impact of change in scope and exchange rates effect - positive jaws effect (+1.4 pt) CPBS: increase in operating expenses with the growth in business activity and scope impacts in Commercial & Personal Banking and Specialised Businesses - very positive jaws effect (+2.5 pts) IPS: decrease in operating expenses - very positive jaws effect (+2.1 pts) BNP PARIBAS The bank for a changing world 1. Including 100% of Private Banking in Commercial & Personal Banking 2022 Full Year Results | 58#59€m Group 2022 & 4Q22 - BNP Paribas Group 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 Revenues 12,109 11,232 +7.8% 12,311 -1.6% 50,419 46,235 +9.0% incl. Interest Income 6,018 5,169 +16.4% 5,721 +5.2% 23,168 21,209 +9.2% incl. Commissions 2,746 2,919 -5.9% 2,572 +6.8% 10,570 10,717 -1.4% Operating Expenses and Dep. -8,473 -7,930 +6.8% -7,857 +7.8% -33,702 -31,111 +8.3% Gross Operating Income 3,636 3,302 +10.1% 4,454 -18.4% 16,717 15,124 +10.5% Cost of Risk -773 -510 +51.6% -947 -18.3% -2,965 -2,925 +1.4% Operating Income 2,863 2,792 +2.5% 3,507 -18.4% 13,752 12,199 +12.7% Share of Earnings of Equity-Method Entities 96 138 -30.1% 187 -48.4% 699 494 +41.6% Other Non Operating Items -22 240 n.s. 40 n.s. -1 944 n.s. Pre-Tax Income 2,937 3,170 -7.3% 3,734 -21.3% 14,450 13,637 +6.0% Corporate Income Tax -685 -759 -9.7% -881 -22.2% -3,853 -3,757 +2.6% Net Income Attributable to Minority Interests -102 -105 -2.9% -92 +10.9% -401 -392 +2.3% Net Income Attributable to Equity Holders 2,150 2,306 -6.7% 2,761 -22.1% 10,196 9,488 +7.5% Cost/income 70.0% 70.6% -0.6 pt 63.8% +6.2 pt 66.8% 67.3% -0.5 pt Corporate income tax: average rate of 28.5% in 2022 Operating divisions: (2022 vs. 2021) Revenues At historical scope & exchange rates At constant scope & exchange rates (4Q22 vs. 4Q21) At historical scope & exchange rates At constant scope & exchange rates +10.4% +7.8% Revenues +10.0% +7.9% Operating expenses +8.0% +5.2% Operating expenses +8.1% +5.6% Gross Operating Income +14.9% +12.9% Gross Operating Income +14.1% +12.7% Cost of Risk +0.5% -5.9% Cost of Risk +63.2% +49.7% Operating Income +18.0% +16.9% Operating Income +5.9% +6.6% Pre-Tax income +17.8% +17.1% Pre-Tax income +3.6% +5.7% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 59#60Corporate and Institutional Banking - 4Q22 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / €m 4Q21 3Q22 2021 Corporate and Institutional Banking Revenues 3,858 3,264 +18.2% 3,799 +1.5% 16,465 14,236 +15.7% Operating Expenses and Dep. -2,743 -2,348 +16.8% -2,343 +17.1% -10,753 -9,467 +13.6% Gross Operating Income 1,115 915 +21.8% 1,456 -23.4% 5,712 4,769 +19.8% Cost of Risk -157 80 n.s. -90 +73.8% -325 -173 +88.2% Operating Income 958 996 -3.8% 1,366 -29.9% 5,387 4,596 +17.2% Share of Earnings of Equity-Method Entities 2 6 -70.7% 5 -64.2% 20 33 -39.0% Other Non Operating Items -8 1 n.s. -3 n.s. -10 24 n.s. Pre-Tax Income 952 1,003 -5.0% 1,369 -30.4% 5,398 4,654 +16.0% Cost/Income 71.1% 72.0% -0.9 pt 61.7% +9.4 pt 65.3% 66.5% -1.2 pt Allocated Equity (Єbn, year to date) 29.9 26.2 +14.3% Revenues: +18.2% vs. 4Q21 (+15.2% at constant scope and exchange rates) Very strong increase in all three business lines: Global Banking (+15.0%), Global Markets (+23.8%), Securities Services (+12.8%) Operating expenses: +16.8% vs. 4Q21 (+12.8% vs. 4Q21 at constant scope and exchange rates) • Impact of the faster pace of growth in activity in 4Q22 • Exchange-rate and scope impact (~25% of growth vs. 4Q21) • Positive jaws effect (+1.4 pt) - positive jaws effect across all three businesses: Global Banking (+1.6 pt), Global Markets (+2.9 pts), Securities Services (+2.1 pts) Cost of risk: cost of risk driven up by provisions on performing loans (stages 1 & 2) (reminder: net release of provisions in 4Q21) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 60#61Corporate and Institutional Banking Global Banking - 4Q22 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 Єm Global Banking Revenues Operating Expenses and Dep. 1,522 1,324 +15.0% 1,181 +28.9% 5,218 5,087 +2.6% -743 -655 +13.4% -663 +12.1% -2,878 -2,652 +8.5% Gross Operating Income 779 669 +16.5% 518 +50.5% 2,340 2,435 -3.9% Cost of Risk -155 72 n.s. -116 +33.3% -336 -201 +67.6% Operating Income 624 741 -15.7% 402 +55.4% 2,004 2,234 -10.3% Share of Earnings of Equity-Method Entities 1 1 n.s. 1 +23.5% 4 16 -73.3% Other Non Operating Items 0 -1 n.s. 0 +66.4% 0 -4 n.s. Pre-Tax Income 626 740 -15.5% 403 +55.3% 2,009 2,246 -10.6% Cost/Income 48.8% 49.5% -0.7 pt 56.1% -7.3 pt 55.1% 52.1% +3.0 pt Allocated Equity (Єbn, year to date) 16.5 14.3 +15.5% Revenues: +15.0% vs. 4Q21 (+11.5% at constant scope and exchange rates) Very good performance in an unfavourable context in 4Q22 Very significant increase in Transaction Banking, particularly in cash management, driven by a favourable interest-rate environment and, in APAC Operating expenses: +13.4% vs. 4Q21 (+9.3% at constant scope and exchange rates) Impact of the faster pace of growth in activity in 4Q22 Exchange-rate and scope impact (~30% of growth vs. 4Q21) Positive jaws effect (+1.6 pt) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 61#62Corporate and Institutional Banking Global Markets - 4Q22 €m Global Markets Revenues incl. FICC incl. Equity & Prime Services 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 1,657 1,338 +23.8% 1,986 -16.6% 8,660 6,820 +27.0% 1,094 755 +44.8% 1,124 -2.7% 5,234 3,947 +32.6% 563 583 -3.4% 863 -34.7% 3,426 2,872 +19.3% Operating Expenses and Dep. -1,480 -1,224 +20.9% -1,167 +26.8% -5,806 -4,924 +17.9% Gross Operating Income 177 115 +54.4% 819 -78.4% 2,855 1,896 +50.6% Cost of Risk -3 10 n.s. 28 n.s. 11 27 -57.7% Operating Income 174 124 +39.6% 847 -79.5% 2,866 1,923 +49.1% Share of Earnings of Equity-Method Entities 1 5 -75.2% 3 -50.6% 14 14 +0.7% Other Non Operating Items -9 -5 +93.1% -1 n.s. -10 5 n.s. Pre-Tax Income 166 125 +32.8% 848 -80.4% 2,870 1,942 +47.8% Cost/Income 89.3% 91.4% -2.1 pt 58.8% +30.5 pt 67.0% 72.2% -5.2 pt Allocated Equity (Єbn, year to date) 12.0 10.7 +12.5% Revenues: +23.8% vs. 4Q21 (+20.4% at constant scope and exchange rates) Very strong increase in derivatives demand, driven in particular by reallocation and hedging needs on fixed-income and currency products, emerging markets and commodities Client demand less sustained in equity markets, particularly in derivatives Operating expenses: +20.9% vs. 4Q21 (+16.0% at constant scope and exchange rates) • Impact of the faster pace of growth in activity in 4Q22 Exchange-rate and scope impact (~25% of growth vs. 4Q21) Positive jaws effect (+2.9 pts) 1. Consolidation of Exane as at 01.07.21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 62#63Corporate and Institutional Banking Market risks - 4Q22 Average 99% 1-day interval VaR (Value at Risk) Єm Commodities Forex 42 43 43 43 35 35 33 36 37 3 31 6 6 6 34 29 28 31 31 8 28 27 4 24 15 21 22 23 20 NEW 4 6 11 14 4 13 HARNA 9 14 31 26 19 14 16 17 17 17 -40 40 40 41 40 39 50 H PHP ; צו 8 וצ 20 24 7 5 HA 15 4 20 12 12 25 27 19 15 16 18 21 19 19 17 14 47 50 51 51 45 44 42 19 18 H 14 11 30 Equities Interest Rates Credit Nettings 54 55 46 45 5 10 35 55 5 9 33 12 22 22 25 24 23 27 31 32 33 34 34 33 27 25 26 13 23 24 13 17 11 20 33 9 15 19 18 9 5 3 4 3 2 ཞ ༄ག" ན་ 14 9 28 30 30 -28 29-32 26 |བུ། ། 36 ४ 32 35 18 26 26 33 21 23 23 24 12 10 12 9 9 14 20 23 12 11 9 11 11 8 13 28 30 33 39 33 39 36 38 59 52 53 58 +44 HA Q2 Q3 Q4 Q1 13 13 13 14 སྐྱ* Q2 Q3 Q4 Q1 14 14 14 15 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 15 15 15 16 16 16 16 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ོས 21 21 21 21 22 22 22 22 • • Average VaR at a low level this quarter despite market conditions¹ VaR at a low level, slightly down vs. 3Q22, due to prudent management and a drop in commodities 2 theoretical back-testing events this quarter² 5 theoretical back-testing events this year and only 20 since 01.01.2013, a little more than two per year over a long period, including crises, in line with the internal (1 day, 99%) VaR calculation model 1. VaR calculated to monitor market limits; 2. With a theoretical loss that did not include the intraday result and commissions earned BNP PARIBAS The bank for a changing world 2022 Full Year Results | 63#64Corporate and Institutional Banking Securities Services - 4Q22 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 €m Securities Services Revenues 679 602 +12.8% 632 +7.4% 2,587 2,329 +11.0% Operating Expenses and Dep. -520 -469 +10.7% -513 +1.4% -2,069 -1,892 +9.4% Gross Operating Income 159 132 +20.2% 119 +33.2% 517 438 +18.1% Cost of Risk 1 -2 n.s. -2 n.s. 0 1 n.s. Operating Income 160 130 +22.9% 118 +36.1% 517 439 +17.8% Share of Earnings of Equity-Method Entities -1 0 n.s. 1 n.s. 2 4 -40.3% Other Non Operating Items 1 7 -81.5% -1 n.s. 0 23 n.s. Pre-Tax Income 161 138 +16.6% 118 +36.4% 519 466 +11.4% Cost/Income 76.6% 78.0% -1.4 pt 81.1% -4.5 pt 80.0% 81.2% -1.2 pt Allocated Equity (Ebn, year to date) 1.4 1.2 +16.1% Revenues: +12.8% vs. 4Q21 (+11.8% at constant scope and exchange rates), favourable impacts of the steep increase in transaction volumes and the interest-rate environment Good control of operating expenses: positive jaws effect (+2.1 pts) 31.12.22 31.12.21 %Var/ 31.12.21 30.09.22 %Var/ 30.09.22 Securities Services Assets under custody (€bn) Assets under administration (€bn) 11,133 2,303 12,635 2,521 -11.9% -8.7% 10,798 2,262 +3.1% +1.8% 4Q22 4Q21 4Q22/4Q21 3Q22 4Q22/3Q22 Number of transactions (in million) 36.9 35.5 +3.9% 35.5 +4.0% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 64#65Commercial, Personal Banking & Services - 4Q22 4022 4Q21 4Q22/ 3Q22 4Q22/ 2022 2021 2022/ 4021 3Q22 2021 €m Commercial, Personal Banking & Services Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of Commercial, Personal Banking & Services Cost/Income 7,028 6,506 +8.0% 7,110 -1.1% -4,487 -4,252 +5.5% -4,330 28,301 25,888 +9.3% +3.6% -17,928 -16,909 +6.0% 2,542 2,253 +12.8% 2,780 -8.6% 10,373 8,979 +15.5% -676 -597 +13.3% -730 -7.4% -2,452 -2,598 -5.6% 1,866 1,657 +12.6% 2,050 -9.0% 7,920 6,381 +24.1% 69 70 -1.4% 120 -42.5% 433 287 +50.9% -62 -5 n.s. 5 n.s. -19 53 n.s. 1,873 1,722 +8.8% 2,175 -13.9% 8,334 6,721 +24.0% -103 -74 +40.7% -83 +24.6% -334 -275 +21.6% 1,770 1,648 +7.3% 2,092 -15.4% 8,000 6,446 +24.1% 63.8% 65.4% -1.6 pt 60.9% +2.9 pt 63.3% 65.3% -2.0 pt Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany) 47.4 43.3 +9.4% 1. Including 100% of Private Banking in France, Belgium, Italy, Luxembourg, Poland, Türkiye, the United States and Germany for the Revenues to Pre-tax income line items Revenues: +8.0% vs. 4Q21 • Strong performance in Commercial & Personal Banking, driven by the increase in net interest income Very strong increase at Specialised Businesses (Arval in particular) Operating expenses: +5.5% vs. 4Q21, increase driven by the growth in business activity and scope effects in Commercial & Personal Banking and Specialised Businesses - very positive jaws effect (+2.5 pts) Pre-tax income: +7.3% vs. 4Q21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 65#66CPBS - Commercial & Personal Banking in France - 4Q22 €m 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 Commercial & Personal Banking in France Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of Commercial & Personal Banking in France Cost/Income Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in France) 1,670 1,608 +3.9% 1,669 +0.1% 6,680 6,269 +6.6% 902 884 +2.0% 899 +0.3% 3,568 3,401 +4.9% 768 724 +6.1% 769 -0.2% 3,112 2,869 +8.5% -1,210 -1,178 +2.7% -1,133 +6.8% -4,698 -4,557 +3.1% 460 430 +7.1% 536 -14.1% 1,982 1,712 +15.7% 21 -99 n.s. -102 n.s. -237 -441 -46.2% 481 331 +45.6% 434 +11.0% 1,745 1,271 +37.2% 0 0 n.s. 0 n.s. 1 -1 n.s. -1 -15 -96.5% 1 n.s. 25 39 -34.6% 481 316 +52.3% 434 +10.7% 1,771 1,309 +35.3% -48 -35 +34.6% -36 +30.9% -158 -127 +24.0% 433 280 +54.5% 398 +8.8% 1,613 1,181 +36.5% 72.4% 73.3% -0.9 pt 67.9% +4.5 pt 70.3% 72.7% -2.4 pt 11.3 10.6 +6.0% 1. Including 100% of Private Banking in France for the Revenues to Pre-tax income line items¹ Revenues: +3.9% vs. 4Q21 • Net interest income: +2.0%, increase driven by the positive impact of the interest-rate environment despite the impact of the gradual adjustment of loan margins Fees: +6.1%, further increase in particular in the corporate segment Operating expenses: +2.7% vs. 4Q21, increase driven by business development and the impact of cost-savings measures; positive jaws effect (+1.2 pt) Pre-tax income: +54.5% vs. 4Q21, strong decrease in the cost of risk with a release of provisions for €163m on performing loans (stages 1 & 2) due to a change in methodology2 (-€43m without this impact) 1. PEL/CEL effect:+€8m in 4Q22 (+€6m in 4Q21); 2. to align with specific European standards BNP PARIBAS The bank for a changing world 2022 Full Year Results | 66#67CPBS Commercial & Personal Banking in France - Volumes 4Q22 %Var/4Q21 %Var/3Q22 2022 %Var/2021 Average outstandings (€bn) LOANS 213.5 +6.3% +0.9% 208.9 +4.8% Individual Customers 111.9 +4.2% +0.5% 110.4 +5.2% Incl. Mortgages 100.1 +3.9% +0.4% 99.0 +5.2% Incl. Consumer Lending 11.8 +6.8% +1.7% 11.5 +5.5% Corporates 101.5 +8.6% +1.3% 98.5 +4.4% DEPOSITS AND SAVINGS 246.6 +2.3% -0.9% 244.7 +4.8% Current Accounts 157.9 -6.2% -8.2% 166.4 +3.2% Savings Accounts 68.3 +2.2% -0.2% 68.0 +1.8% Market Rate Deposits 20.4 n.s. n.s. 10.3 +84.9% €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds 31.12.22 %Var/ 31.12.21 %Var/ 30.09.22 101.5 38.7 -2.3% -7.6% +1.0% +16.4% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 67#68CPBS BNL banca commerciale - 4Q22 1 Єm BNL bc¹ Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of BNL bc Cost/Income Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in Italy) 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 656 668 -1.9% 652 +0.5% 2,634 2,680 -1.7% 369 370 -0.2% 382 -3.2% 1,519 1,539 -1.3% 286 298 -3.9% 271 +5.7% 1,115 1,141 -2.2% -426 -438 -2.9% -440 -3.2% -1,735 -1,780 -2.5% 230 230 +0.1% 213 +8.1% 899 900 -0.1% -114 -143 -19.8% -114 +0.6% -465 -487 -4.5% 116 87 +32.5% 99 +16.8% 433 413 +5.0% 0 0 n.s. 0 n.s. 0 0 n.s. 0 0 n.s. 0 n.s. 2 0 n.s. 116 87 +33.2% 99 +17.2% 436 413 +5.7% -5 -9 -41.4% -4 +19.9% -26 -35 -27.8% 111 78 +41.8% 95 +17.1% 410 377 +8.8% 64.9% 65.6% -0.7 pt 67.4% -2.5 pt 65.9% 66.4% -0.5 pt 6.0 5.3 +11.4% 1. Including 100% of Private Banking in Italy for the Revenues to Pre-tax income line items • Revenues: -1.9% vs. 4Q21 (stable at constant scope¹) Net interest income (-0.2%): positive impact of the interest-rate environment on deposits and gradual adjustment in loan margins Fees (-3.9%): increase at constant scope 1 (+0.3%), driven by higher banking fees, offset partly by lower financial fees Operating expenses: -2.9% vs. 4Q21 (-0.5% at constant scope¹) • Impact of the transformation of the operating model and adaptation measures (("Quota 100" retirement plan) Positive jaws effect (+1.0 pt) Pre-tax income: +41.8% vs. 4Q21 (+46.1% at constant scope¹), decrease in the cost of risk 1. Business divestment effective 02.01.22 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 68#69CPBS BNL banca commerciale - Volumes 4Q22 %Var/4Q21 %Var/3Q22 2022 %Var/2021 Average outstandings (€bn) LOANS 78.7 +0.4% -0.5% 78.6 +2.1% Individual Customers 38.7 +2.2% +0.6% 38.3 +1.4% Incl. Mortgages 27.4 +3.4% -0.2% 27.2 +3.8% Incl. Consumer Lending 5.0 +6.0% -0.2% 4.9 +3.3% Corporates 40.0 -1.4% -1.5% 40.3 +2.7% DEPOSITS AND SAVINGS 64.1 +3.3% -1.9% 64.3 +8.5% Individual Deposits 37.3 -0.1% -2.1% 37.9 +4.8% Incl. Current Accounts 37.1 -0.1% -2.2% 37.7 +4.9% Corporate Deposits 26.8 +8.5% -1.4% 26.5 +14.1% €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds %Var/ %Var/ 31.12.22 31.12.21 30.09.22 25.2 14.8 -2.1% -17.9% -1.6% -0.9% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 69#70CPBS Commercial & Personal Banking in Belgium - 4Q22 - €m Commercial & Personal Banking in Belgium' Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of Commercial & Personal Banking in Belgium Cost/Income Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in Belgium) 4Q22 4Q21 4Q22 / 4Q21 3Q22 4Q22/ 2022 2021 2022 / 3Q22 2021 947 854 +10.9% 917 +3.3% 3,764 3,509 +7.3% 673 581 +15.9% 636 +5.8% 2,618 2,404 +8.9% 274 273 +0.2% 281 -2.4% 1,146 1,106 +3.6% -598 -540 +10.8% -558 +7.2% -2,615 -2,384 +9.7% 348 314 +11.0% 359 -2.8% 1,149 1,125 +2.1% -20 28 n.s. -17 +21.7% -36 -99 -63.9% 328 342 -4.0% 342 -4.0% 1,113 1,026 +8.5% 0 2 -94.7% 0 n.s. 0 6 -91.9% -1 1 n.s. 3 n.s. 10 13 -28.6% 327 344 -4.8% 345 -5.1% 1,123 1,045 +7.5% -25 -18 303 326 +39.8% -7.2% -19 326 +28.6% -7.1% -74 -71 +3.5% 1,049 973 +7.8% 63.2% 63.3% -0.1 pt 60.9% +2.3 pt 69.5% 67.9% +1.6 pt 6.1 5.3 +16.1% 1. Including 100% of Private Banking in Belgium for the Revenues to Pre-tax income line items Revenues: +10.9% vs. 4Q21 (+4.3% at constant scope and exchange rates) • Net interest income: +15.9% (+6.5% at constant scope and exchange rates), strong growth driven by increased deposits volumes, supported by the integration of bpost bank in a favourable interest-rate environment • Fees: +0.2%; the increase in banking fees was offset partly by the decrease in financial fees Operating expenses: +10.8% vs. 4Q21 (+4.0% at constant scope and exchange rates) • Increase driven by expanded business activity; the impact of inflation was partly offset by the impact of cost- savings and optimisation measures • Positive jaws effect Pre-tax income: -7.2% vs. 4Q21, impact of the increase in cost of risk, driven mainly by the release of provisions on performing loans (stages 1 & 2) in 4Q21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 70#71CPBS - Commercial & Personal Banking in Belgium Volumes 4Q22 Average outstandings (€bn) LOANS %Var/4Q21 %Var/3Q22 2022 %Var/2021 138.3 +14.9% +1.1% 135.0 +14.8% Individual Customers 89.0 +16.5% +1.3% 87.2 +16.0% Incl. Mortgages 66.1 +18.9% +1.6% 64.9 +18.3% Incl. Consumer Lending 0.2 -22.3% -34.5% 0.3 +3.7% Incl. Small Businesses 22.6 +10.4% +1.1% 22.0 +9.8% Corporates and Local Governments 49.3 +12.1% +0.6% 47.9 +12.7% DEPOSITS AND SAVINGS 161.2 +8.3% -0.7% 161.5 +9.2% Current Accounts 72.0 +3.3% -4.8% 75.6 +10.0% Savings Accounts 82.7 +7.5% -1.3% 82.4 +7.1% Term Deposits 6.5 n.s. n.s. 3.6 +56.3% €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds %Var/ 31.12.22 31.12.21 %Var/ 30.09.22 24.3 37.6 -1.5% -11.2% -0.3% +1.2% Restatement of 2021 outstandings related to the integration of an activity BNP PARIBAS The bank for a changing world 2022 Full Year Results | 71#72CPBS - Commercial & Personal Banking in Luxembourg - 4Q22 & 2022 Єm Commercial & Personal Banking in Luxembourg' Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of Commercial & Personal Banking in Luxembourg Cost/Income Allocated Equity (Ebn, year to date; including 2/3 of Private Banking in Luxembourg) 4Q22 4Q21 4Q22 / 4Q21 3Q22 4Q22 / 2022 2021 2022/ 3022 2021 130 105 25 -67 2NNOON.NE 113 +15.2% 116 +12.2% 475 427 +11.2% 87 +21.4% 94 +12.4% 377 26 -64 222002 w22 -5.5% 22 +11.6% 97 88 +5.0% -62 +7.1% -275 -268 339 +11.3% +10.8% +2.4% +28.3% 54 +18.1% 200 158 +26.1% n.s. 3 n.s. 19 -2 n.s. +37.2% 56 +28.0% 219 156 +40.1% -61.6% 0 +11.3% 0 0 +11.7% n.s. 1 -97.3% 3 0 n.s. 52 +38.3% 58 +24.8% 222 156 +42.3% 50 +9.7% +39.3% -1 +50.1% -6 -6 +5.8% 56 +24.3% 216 150 +43.7% 51.3% 56.3% -5.0 pt 53.8% -2.5 pt 57.9% 62.9% -5.0 pt 0.8 0.7 +13.4% 1. Including 100% of Private Banking in Luxembourg for the Revenues to Pre-tax income line items Revenues: +15.2% vs. 4Q21; +11.2% vs. 2021 • • Net interest income: +21.4% vs. 4Q21; +11.3% vs. 2021, very strong increase driven by higher volumes and a good performance of margin on deposits from corporate clients Fees: -5.5% vs. 4Q21; +10.8% vs. 2021, increase driven by fees on corporate clients Operating expenses: +5.0% vs. 4Q21; +2.4% vs. control of operating expenses and very positive jaws effect (+8.8 pts in 2022) 2021, Pre-tax income: +39.3% vs. 4Q21; +43.7% vs. 2021 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 72#73CPBS - Commercial & Personal Banking in Luxembourg Volumes 4Q22 %Var/4Q21 %Var/3Q22 2022 %Var/2021 Average outstandings (€bn) LOANS 13.1 +5.5% +0.5% 12.9 +6.4% Individual Customers 8.2 +3.6% +0.8% 8.1 +4.0% Corporates and Local Governments 4.9 +8.9% -0.0% 4.8 +10.8% DEPOSITS AND SAVINGS 30.1 +2.6% -2.8% 30.0 +7.2% Current Accounts 17.2 -8.4% -10.0% 18.3 +3.4% Savings Accounts Term Deposits 8.3 -7.4% -4.7% 8.6 -2.7% 4.6 n.s. +45.6% 3.1 n.s. €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds %Var/ %Var/ 31.12.22 31.12.21 30.09.22 1.0 1.9 -9.0% -17.0% -2.3% +1.1% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 73#74CPBS - Europe-Mediterranean - 4Q22 €m Europe-Mediterranean¹ Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of Europe-Mediterranean Cost/Income Allocated Equity (€bn, year to date; including 2/3 of Private Banking in Poland and Turkey) • 4Q22 4Q21 4Q22/ 3Q22 4Q22 / 2022 2 4Q21 3Q22 2021 2022 / 2021 ន ៦ ៩៦ ន ៩៤៩ - ថ្ម ៦ ៖ 534 449 +19.0% 607 -11.9% 2,346 1,941 +20.9% 433 320 +35.3% 488 -11.3% 1,895 1,470 +28.9% 101 129 -21.4% 118 -14.4% 451 471 -4.1% -417 -395 +5.5% -393 +6.1% -1,649 -1,606 +2.7% 118 54 n.s. 214 -45.0% 697 335 n.s. -10 -32 -68.5% -55 -81.7% -153 -144 +5.9% 108 22 n.s. 159 -32.2% 544 190 n.s. 74 46 +59.6% 100 -25.7% 376 234 +60.6% -3 n.s. -5 n.s. -87 -53 +65.7% 65 +96.4% 253 -49.2% 833 372 n.s. -6 -2 n.s. -3 +77.1% -16 -8 n.s. 122 63 +93.1% 250 -51.0% 817 364 n.s. 78.0% 87.9% -9.9 pt 64.7% +13.3 pt 70.3% 82.8% -12.5 pt 5.5 5.0 +8.6% 1. Including 100% of Private Banking in Poland and in Türkiye for the Revenues to Pre-tax income line items Foreign-exchange impact driven by the euro's appreciation vs. the Turkish lira and the zloty TRY/EUR1: -24.4% vs. 4Q21, -9.2% vs. 3Q22, -24.4% vs. 2021 PLN/EUR²: -2.2% vs. 4Q21, +0.3% vs. 3Q22, -2.5% vs. 2021 Limited overall impact of the implementation of IAS 29, and taking into account the efficiency of the hedging with CPI linkers (inflation-linked bonds) in 4Q22 in Türkiye: -€4m in pre-tax income At constant scope and exchange rates³ vs. 4Q21 Revenues: +35.5%, driven by strong growth in net interest income on deposits and despite the impact of negative items related to loans in 4Q21 and 4Q22 in Poland5 Operating expenses4: +17.2%, very positive jaws effect (+18.4 pts) • Pre-tax income: x3.5 1. End of period exchange rates based on the application in Türkiye of IAS 29; 2. Average exchange rates; 3. At constant scope and exchange rates excluding Türkiye at historical exchange rates in accordance with IAS 29; 4. Including 100% of Private Banking; 5. In particular impact of a negative item for -€82m in 4Q22; 6. Including 2/3 of Private Banking BNP PARIBAS The bank for a changing world 2022 Full Year Results | 74#75CPBS Europe-Mediterranean - Volumes and risks %Var/4Q21 %Var/3Q22 %Var/2021 4Q22 historical Average outstandings (€bn) at constant scope and exchange rates at constant at constant historical scope and exchange 2022 historical rates scope and exchange rates LOANS DEPOSITS 34.9 42.9 +1.3% +5.2% +15.8% +23.3% -1.3% +0.8% +0.6% +2.2% 34.9 41.5 +1.8% +3.6% +17.7% +21.8% Geographical breakdown in loans outstanding in 4Q221 Poland 54% Cost of risk/loans outstanding Annualised cost of risk / outstandings 4Q21 1Q22 2Q22 3Q22 4Q22 as at beginning of period Türkiye 24% Türkiye Poland Others Mediterranean 18% Europe-Mediterranean 0.61% 0.62% 0.22% 1.05% 1.12% -0.03% 0.16% 0.63% 0.31% 0.01% 0.79% 0.83% 0.64% 0.69% -0.85% 0.34% 0.43% 0.53% 0.58% 0.11% Africa 4% TEB: a solid and well capitalised bank • • Solvency ratio² of 18.60% as at 31.12.22 Very largely self-financed 1.0% of the Group's loans outstanding as at 31.12.22 1. Based on the perimeter as of 31.12.22; 2. Capital Adequacy Ratio (CAR) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 75#76CPBS BancWest - 4Q22 - Єm BancWest Revenues incl. net interest income incl. fees Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items. Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of BancWest Cost/Income Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in the United States) 4022 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 605 117 -525 Nཤྩ⪜8རྒྱ°c ॰ ° ས}༄ 722 626 +15.4% 733 -1.5% 2,731 2,426 +12.6% 502 +20.5% 615 -1.7% 2,282 2,026 +12.6% 124 -5.2% 118 -0.6% 450 400 +12.4% -457 +15.0% -566 -7.2% -2,061 -1,697 +21.4% 197 169 +16.4% 167 +17.7% 670 729 -8.1% -76 24 n.s. -49 +56.3% 39 45 -14.1% 121 194 -37.5% 119 +1.9% 709 774 -8.4% 0 0 n.s. 0 n.s. 0 0 n.s. 6 -99.3% 2 -97.9% 4 19 -81.1% 121 199 -39.3% 121 +0.3% 713 794 -10.2% -17 -7 n.s. -18 -5.4% -52 -25 n.s. 104 192 -45.8% 103 +1.3% 660 769 -14.1% 72.7% 73.0% -0.3 pt 77.2% -4.5 pt 75.5% 5.6 70.0% 5.0 +5.5 pt +13.5% 1. Including 100% of U.S. Private Banking for the Revenues to Pre-tax income line items • Foreign-exchange effect: appreciation of the dollar compared to the euro USD/EUR¹: +11.8% vs. 4Q21, -1.5% vs. 3Q22, +12,3% vs. 2021 At constant scope and exchange rates vs. 4Q21 Revenues²: +3.2%, driven by the strong increase in net interest income Operating expenses²: +3.2%, increase notably due to targeted projects Cost of risk²: release of provisions in 4Q21 Pre-tax income³: -51.9% BNP PARIBAS 1. Average exchange rates; 2. Including 100% of Private Banking in the United States; 3. Including 2/3 of Private Banking in the United States The bank for a changing world 2022 Full Year Results | 76#77CPBS BancWest - Volumes %Var/4Q21 %Var/3Q22 %Var/2021 at constant at constant at constant 4Q22 historical scope and exchange historical scope and exchange 2022 historical Average outstandings (€bn) rates rates scope and exchange rates LOANS 58.5 +17.4% +5.0% -0.2% +1.4% 55.8 +13.1% +0.7% Individual Customers 25.7 +23.9% +10.8% +0.7% +2.2% 24.0 +19.6% +6.4% Incl. Mortgages 11.7 +38.9% +24.2% +3.2% +4.8% 10.6 +30.4% +16.1% Incl. Consumer Lending 14.0 +13.7% +1.7% -1.3% +0.2% 13.5 +12.3% -0.1% Commercial Real Estate 15.8 +9.2% -2.4% -1.4% +0.1% 15.5 +10.2% -1.9% Corporate Loans 16.9 +16.2% +3.9% -0.3% +1.3% 16.2 +7.3% -4.5% DEPOSITS AND SAVINGS 71.6 -1.1% -11.6% -5.0% -3.5% 72.9 +5.7% -6.0% Customer Deposits 66.0 -1.7% -12.1% -5.6% -4.1% 67.6 +5.7% -6.0% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 77#78CPBS - Specialised Businesses - Personal Finance - 4Q22 Єm Personal Finance Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Eamings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Cost/Income Allocated Equity (Ebn, year to date) 4022 4021 4Q22 / 3Q22 4Q22 / 2022 2021 2022/ 4Q21 3Q22 2021 1,283 1,294 -0.9% 1,345 -4.6% 5,387 5,216 +3.3% -739 -710 +4.1% -689 +7.3% -2,922 -2,804 +4.2% 544 584 -7.0% 656 -17.1% 2,465 2,412 +2.2% -413 -346 +19.2% -336 +22.9% -1,373 -1,314 +4.5% 131 238 -45.1% 320 -59.2% 1,092 1,097 -0.5% -5 22 n.s. 22 n.s. 57 53 +8.4% -15 -2 n.s. -2 n.s. -29 25 n.s. 111 258 -57.0% 340 -67.4% 1,121 1,175 -4.6% 57.6% 54.9% +2.7 pt 51.2% +6.4pt 54.2% 53.8% +0.4 pt 8.1 7.7 +5.4% At constant scope and exchange rates vs. 4Q21 • Revenues: -4.0%, decrease driven mainly by the strong pressure on margins, -0.9% at historical scope and exchange rates with the consolidation of 50% of Floa's contribution, effective 01.02.22 • Operating expenses: +0.7%, increase driven by targeted projects Pre-tax income: -50.2%, related particularly to the increase in cost of risk and the decrease in contribution from associates from a high basis of comparison in 4Q21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 78#79CPBS - Specialised Businesses - Personal Finance Volumes and risks Average outstandings (€bn) TOTAL CONSOLIDATED OUTSTANDINGS TOTAL OUTSTANDINGS UNDER MANAGEMENT (1) %Var/4Q21 %Var/3Q22 %Var/2021 at constant scope and at constant scope and at constant scope and 4Q22 historical historical 2022 historical exchange exchange exchange rates rates rates 95.8 111.5 +5.0% +3.8% +1.5% +1.8% 94.1 +3.5% +2.3% +5.1% +3.9% +1.3% +1.9% 109.6 +4.6% +1.8% (1) Including 100% of outstandings of subsidiaries not fully owned as well as of all partnerships Cost of risk/outstandings Annualised cost of risk/ outstandings as at beginning of 4Q21 1Q22 2Q22 3Q22 4Q22 period France 1.41% 1.13% 1.70% 2.11% 0.81% Italy 0.70% 1.64% 1.56% 1.22% 1.03% Spain 2.37% 1.40% 1.56% 1.64% 2.58% Other Western Europe 1.57% 0.98% 0.77% 0.72% 1.92% Eastern Europe 1.51% 1.25% -0.35% 1.40% 1.57% Brazil 7.05% 6.61% 6.11% 6.42% 13.60% Others 1.67% 1.73% 0.75% 1.28% 1.57% Personal Finance 1.50% 1.34% 1.29% 1.39% 1.70% BNP PARIBAS The bank for a changing world 2022 Full Year Results | 79#80CPBS - Specialised Businesses - 4Q22 Arval & Leasing Solutions €m Arval & Leasing Solutions Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Cost/Income Allocated Equity (Єbn, year to date) 4Q22 4021 4Q22/ 3Q22 4Q22/ 2022 2021 2022 / 4Q21 3Q22 2021 858 -347 -328 511 -30 482 25 709 +21.0% 874 -1.9% 3,438 2,675 +28.5% +5.8% -341 +1.7% -1,395 -1,298 +7.4% 381 +34.2% 534 -4.2% 2,043 1,377 +48.4% -30 -1.8% -38 -20.4% -146 -150 -2.6% 351 +37.3% 496 -2.9% 1,897 1,227 +54.6% 2 3 -16.9% 1 +93.8% 8 7 +12.0% 7 0 n.s. 5 +44.8% 52 0 n.s. 491 353 +38.8% 502 -2.3% 1,957 1,235 +58.5% 40.4% 46.2% -5.8 pt 39.0% +1.4 pt 40.6% 48.5% -7.9 pt 3.5 3.2 +7.0% Revenues: +21.0% vs. 4Q21 Very good performance at Arval, driven by very high used car prices and by organic growth in the financed fleet Good increase at Leasing Solutions, driven by higher outstandings Operating expenses: +5.8% vs. 4Q21 Growth at marginal cost Very positive jaws effect (+15.3 pts) Pre-tax income: +38.8% vs. 4Q21 (reminder: 4Q22 impact of the effects induced by the hyperinflation situation in Türkiye (application of IAS 29) in the amount of +€7m on "Other non-operating items", and thus + €51m for 2022) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 80#81CPBS Specialised Businesses - Arval & Leasing Solutions Arval %Var/4Q21 %Var/3Q22 %Var/2021 at constant 4Q22 historical Average outstandings (€bn) scope and exchange rates historical at constant scope and exchange at constant 2022 historical rates scope and exchange rates Consolidated Outstandings 28.1 +12.4% +11.4% +4.7% +4.0% 26.7 +10.7% +10.3% Financed vehicles ('000 of vehicles) 1,592 +8.3% +5.7% +4.7% +2.2% 1,524 +6.6% +3.9% Leasing Solutions Average outstandings (€bn) Consolidated Outstandings %Var/4Q21 %Var/3Q22 %Var/2021 at constant at constant at constant 4Q22 2022 scope and scope and scope and historical historical historical exchange exchange rates rates exchange rates 22.9 +2.9% +3.9% +1.4% +1.8% 22.5 +3.2% +3.9% Reminder: restatement of 2021 outstandings related to the integration of an activity BNP PARIBAS The bank for a changing world 2022 Full Year Results | 81#82€m CPBS Specialised Businesses - 4Q22 New Digital Businesses and Personal Investors New Digital Businesses & Personal Investors Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Share of Earnings of Equity-Method Entities Other Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of New Digital Businesses & Personal Investors Cost/Income Allocated Equity (Єbn, year to date; including 2/3 of Private Banking in Germany) 4Q22 4Q21 4Q22/ 3Q22 4Q22/ 2022 2021 2022 / 4Q21 3022 2021 228 -158 ឲ ថ。៦៩ ៦៦ ៦៩ 184 +23.6% 197 +15.7% 846 -143 +10.6% -149 +6.1% -578 41 +68.7% 48 +45.7% 268 -1 n.s. -23 +83.4% -100 40 -31.1% 25 +11.1% 168 -3 -6.3% -2 +1.6% -10 9 -98.8% 0 -11.0% 1 47 -45.6% 23 +11.9% 159 -1 +37.8% 0 n.s. -2 46 -46.6% 22 +9.9% 157 ཟེེཧྨ8 སྶསྶ 744 +13.7% -513 +12.8% -5 231 +15.9% n.s. 226 -25.8% -13.7% 9 -90.9% 224 -29.1% -2 +0.1% 222 -29.4% 69.4% 77.6% -8.2 pt 75.7% -6.3 pt 68.3% 68.9% -0.6 pt 0.5 0.4 +40.8% 1. Including 100% of Private Banking in Germany for the Revenues to Pre-tax income line items Revenues¹: +23.6% vs. 4Q21 • • Strong expansion at Nickel and consolidation of 50% Floa's contribution (reminder: consolidation effective since 01.02.22) Decrease in Personal Investors revenues in an unfavourable market context Operating expenses¹: +10.6% vs. 4Q21, increase driven by development and start-up costs in New Digital Businesses, positive jaws effect (+13.0 pts) = Pre-tax income²: -46.6% vs. 4Q21, impact of the Floa consolidation on cost of risk 1. Including 100% of Private Banking in Germany; 2. Including 2/3 of Private Banking in Germany BNP PARIBAS The bank for a changing world 2022 Full Year Results | 82#83CPBS Specialised Businesses - New Digital Businesses and Personal Investors Nickel ~3 million accounts opened¹ as of the end of December 2022 (+24.5% vs. 31.12.21) Floa Consolidation of 50% of Floa's contribution effective 01.02.22 4 millions customers as of the end of December 2022 (+10.4% vs. 31.12.21) Personal Investors 4Q22 %Var/4Q21 %Var/3Q22 2022 %Var/2021 Average outstandings (€bn) LOANS 0.6 -9.2% -4.9% DEPOSITS 30.4 +1.7% -0.8% 0.6 30.5 -0.2% +9.2% €bn ASSETS UNDER MANAGEMENT European Customer Orders (millions) %Var/ %Var/ 31.12.22 31.12.21 30.09.22 149.6 9.2 -8.4% -21.8% -0.2% -9.2% 1. Since inception, total for all countries BNP PARIBAS The bank for a changing world 2022 Full Year Results | 83#84Investment & Protection Services - 4Q22 4Q22 4Q21 4Q22/ 3Q22 4Q22 / 2022 2021 2022 / €m Investment & Protection Services Revenues 4Q21 3Q22 2021 1,665 1,639 +1.6% 1,632 +2.0% 6,670 6,476 +3.0% Operating Expenses and Dep. -1,157 -1,164 -0.6% -1,087 +6.5% -4,363 -4,218 +3.5% Gross Operating Income 508 475 +6.8% 545 -6.8% 2,307 2,258 +2.2% Cost of Risk 14 7 +99.0% 2 n.s. 3 -7 n.s. Operating Income 522 482 +8.2% 547 -4.6% 2,309 2,251 +2.6% Share of Earnings of Equity-Method Entities 63 57 +9.5% 42 +49.7% 223 157 +41.7% Other Non Operating Items -3 -3 +15.4% 39 n.s. 88 92 -4.1% Pre-Tax Income 582 537 +8.3% 627 -7.3% 2,620 2,499 +4.8% Cost/Income Allocated Equity (Єbn, year to date) Revenues: +1.6% vs. 4Q21 69.5% 71.0% -1.5 pt 66.6% +2.9 pt 65.4% 65.1% +0.3 pt 10.0 12.0 -16.8% • Strong increase in Wealth Management revenues • • Decrease in Insurance revenues driven by a lower financial result, despite overall increases in Savings and Protection Very unfavourable impact of the market environment on Asset Management revenues Slowdown in the real-estate market impacting Real-Estate Advisory and Property Development activities Very strong increase in Principal Investments revenues Operating expenses: -0.6% vs. 4Q21 • Impact of cost control measures • Very positive jaws effect (+2.1pts) Pre-tax income: +8.3% vs. 4Q21 • Increase in contribution by associates BNP PARIBAS The bank for a changing world 2022 Full Year Results | 84#85Єm IPS - Insurance - 4Q22 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 4Q21 3Q22 2022 / Technical reserves: -4.0% vs. 4Q21 2021 Revenues: - 7.2% vs. 4Q21 • Increase in Savings and Protection revenues Decrease in financial result Operating expenses: -5.7% vs. 4Q21 • Impact of optimisation of operating expenses Pre-tax income: -6.8% vs. 4Q21 Insurance Revenues 608 655 -7.2% 658 -7.6% 2,774 2,827 -1.9% Operating Expenses and Dep. -387 -410 -5.7% -391 Gross Operating Income 221 245 -9.7% 267 -17.1% -1.1% -1,558 1,216 -1,536 +1.4% 1,291 -5.8% Cost of Risk 0 -1 -21.4% 0 +84.3% -2 -1 +40.3% Operating Income 221 244 -9.7% 266 -17.2% 1,214 1,289 -5.8% Share of Earnings of Equity-Method Entities 34 30 +14.3% 31 +8.2% 149 86 +74.0% Other Non Operating Items -1 -2 -46.9% -1 -13.9% 12 -6 n.s. Pre-Tax Income 253 272 -6.8% 296 -14.5% 1,376 1,368 +0.5% Cost/Income 63.6% 62.6% +1.0 pt 59.5% +4.1 pt 56.2% 54.3% +1.9 pt Allocated Equity (Ebn, year to date) 7.1 9.4 -24.9% The new IFRS17 standard "Insurance contracts" replaces IFRS4 "Insurance contracts" Effective date: 01.01.23 Finalised impacts and quarterly restatement: from the 1Q23 release on 03.05.23 Operating expenses deemed "attributable to insurance business" will be deducted from revenues and no longer booked in operating expenses from 01.01.23 No impact on GOI Decrease in Group's operating expenses, along with an equivalent decrease in revenues Improvement in Group's C/I: ~1.2 pt1 Accounting entries relating solely to Insurance and Corporate Center with no impact on their GOI2; no impact on other businesses BNP PARIBAS 1. Positive effect not taken into account in the jaws effect target provided slide 5; 2. Decrease in operating expenses with an equivalent decrease in revenues The bank for a changing world 2022 Full Year Results | 85#86IPS - Wealth & Asset Management - 4Q22 €m Wealth and Asset Management Revenues 4Q22 4Q21 4Q22/ 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 1,057 984 +7.4% 974 +8.5% 3,896 3,649 +6.8% Operating Expenses and Dep. -771 -754 +2.2% -696 +10.7% -2,806 -2,682 +4.6% Gross Operating Income 287 230 +24.5% 278 +3.1% 1,091 967 +12.8% Cost of Risk 14 8 +89.2% 2 n.s. 5 -6 n.s. Operating Income 301 238 +26.5% 280 +7.4% 1,095 962 +13.9% Share of Earnings of Equity-Method Entities 29 28 +4.4% 11 n.s. 74 72 +3.0% Other Non Operating Items -2 0 n.s. 40 n.s. 75 98 -23.0% Pre-Tax Income 328 265 +23.7% 331 -0.8% 1,244 1,131 +10.0% 72.9% 76.6% -3.7 pt 71.4% +1.5 pt 72.0% 73.5% -1.5 pt 2.9 2.6 +12.5% Cost/Income Allocated Equity (Ebn, year to date) Revenues: +7.4% vs. 4Q21 Very good performance by Wealth Management, driven by strong growth in interest income Impact of the unfavourable market environment on Asset Management revenues Very strong growth at Principal Investments Lower performance in Real Estate and Advisory in particular Operating expenses: +2.2% vs. 4Q21 • Very positive jaws effect (+5.2 pts) Decrease in Asset Management costs Pre-tax income: +23.7% vs. 4Q21 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 86#87IPS - Insurance and WAM1 Activity 31.12.22 31.12.21 €bn %Var/ 31.12.21 %Var/ 30.09.22 30.09.22 Assets under management (€bn) 1,189.2 1,276.7 -6.9% 1,175.5 +1.2% Insurance 246.6 282.2 -12.6% 248.4 -0.7% Wealth Management 410.8 426.7 -3.7% 407.7 +0.8% AM+RE+PI 531.8 567.9 -6.3% 519.3 +2.4% Asset Management 501.2 537.3 -6.7% 487.8 +2.7% Real Estate Services 29.7 29.6 +0.2% 30.6 -3.1% Principal Investment 1.0 0.9 +3.0% 0.9 +2.5% %Var/ %Var/ 4Q22 4Q21 3Q22 4Q21 3Q22 Net asset flows (€bn) 17.5 28.9 -39.6% 5.4 n.s. Insurance -1.6 2.5 n.s. -0.2 n.s. Wealth Management 3.4 2.6 +34.1% 4.2 -18.7% AM+RE+PI 15.7 23.8 -34.3% 1.4 n.s. Asset Management 15.1 23.0 -34.0% 0.8 n.s. Real Estate Services 0.5 0.6 -6.7% 0.6 -10.9% Principal Investment 0.0 0.3 n.s. 0.0 n.s. Assets under management: +€13.7bn vs. 30.09.22, including Market effect: +€18.5bn, favourable impact from the financial markets rebound Net asset inflows: +€17.5bn, very good net asset inflows at Wealth Management and Asset Management Forex effect: -€20.3bn, with the strengthening in the euro . -€87.5bn vs. 31.12.21 BNP PARIBAS 1. Wealth Management, Asset Management, Real Estate and Principal Investments The bank for a changing world 2022 Full Year Results | 87#884Q22 Corporate Centre - €m Corporate Center 4Q22 4Q21 4Q22 / 3Q22 4Q22 / 2022 2021 2022 / 4Q21 3Q22 2021 Revenues -249 -5 n.s. -46 n.s. -279 308 n.s. Operating Expenses and Dep. -190 -264 -28.3% -199 -4.5% -1,067 -903 +18.2% Incl. Restructuring, IT Reinforcement and Adaptation Costs -188 -82 n.s. -129 +45.8% -503 -292 +72.1% Gross Operating Income -438 -269 +62.7% -245 +79.1% -1,346 -595 n.s. Cost of Risk 59 0 n.s. -128 n.s. -185 -159 +16.4% Operating Income -379 -269 +40.9% -372 +1.8% -1,531 -754 n.s. Share of Earnings of Equity-Method Entities -38 4 n.s. 19 n.s. 23 16 +41.1% Other Non Operating Items 51 247 -79.5% -1 n.s. -59 775 n.s. Pre-Tax Income -366 -18 n.s. -354 +3.5% -1,567 38 n.s. Allocated Equity (Єbn, year to date) 3.7 4.3 -13.8% Reminder: scope excluding Principal Investments, which has been integrated into IPS Revenues Revaluation of proprietary credit risk included in derivatives (DVA): -€16m 4Q21 reminder: high level of positive non-recurring items, in particular, impact of a positive non- recurring item: +€91m Operating expenses Restructuration and adaptation costs: -€103m (-€61m in 4Q21) IT reinforcement costs: -€85m (-€21m in 4Q21) Other non-operating items Reminder 4Q21: Capital gains on sales of buildings: +€184m Net write-back in impairments: +€75m BNP PARIBAS The bank for a changing world 2022 Full Year Results | 88#892022 Corporate Centre - Reminder: scope excluding Principal Investments, which has been integrated into IPS Revenues • Revaluation of proprietary credit risk included in derivatives (DVA) (+€185m) offset by a negative non-recurring item in 1Q22 2021 reminder: high level of positive non-recurring items, in particular: • • +€58m capital gain on the sale of 4.99% of SBI Life: +58m Cumulative accounting impact of a swap set up for the transfer of an activity in 2020: +€86m Impact of a positive non-recurring item in 4Q21: +€91m Operating expenses Increase in taxes subject to IFRIC 211 Restructuring and adaptation costs: -€188m (-€164m in 2021) IT reinforcement costs: -€314m (-€128m in 2021) Cost of risk Impact of the "Act on Assistance to Borrowers" in Poland in 3Q22 (-€204m) Other non-operating items • Badwill (bpost bank): +€244m Capital gain on the sale of a stake: +€204m Impairment (Ukrsibbank): -€159m Reclassification to profit-and-loss of exchange differences (Ukrsibbank)²: -€274m 2021 reminder: Capital gain on the sale of Allfunds shares³: +€444m • Capital gain on the sale of buildings (exceptional item): +€486m Total impairments: -€74m 1. Booking in 1Q of almost the entire amount of taxes and contributions for the year, based on the application of IFRIC 21 "Taxes", including the estimated contribution to the Single Resolution Fund; 2. Previously booked under consolidated' equity; 3. Disposal of 8.69% of Allfunds shares BNP PARIBAS The bank for a changing world 2022 Full Year Results | 89#90GROUP RESULTS DIVISION RESULTS CONCLUSION 4Q22 DETAILED RESULTS APPENDICES BNP PARIBAS#91Number of Shares and Earnings per Share Number of Shares in millions Number of Shares (end of period) Number of Shares excluding Treasury Shares (end of period) Average number of Shares outstanding excluding Treasury Shares 31-Dec-22 31-Dec-21 1,234 1,234 1,233 1,234 1,233 1,247 Reminder: cancellation of 15,466,915 shares acquired under BNP Paribas' share buyback, which was executed between 1 November 2021 and 6 December 2021 Earnings per Share in millions Average number of Shares outstanding excluding Treasury Shares Net income attributable to equity holders 31-Dec-22 31-Dec-21 1,233 1,247 10,196 9,488 Remuneration net of tax of Undated Super Subordinated Notes -452 -418 Exchange rate effect on reimbursed Undated Super Subordinated Notes -123 -18 Net income attributable to equity holders, after remuneration and exchange rate effect on Undated Super Subordinated Notes 9,621 9,052 Net Earnings per Share (EPS) in euros 7.80 7.26 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 91#92Capital Ratios and Book Value Per Share Capital Ratios Total Capital Ratio (a) Tier 1 Ratio (a) Common equity Tier 1 ratio (a) 31-Dec-22 31-Dec-21 16.2% 16.4% 13.9% 14.0% 12.3% 12.9% (a) CRD4, on risk-weighted assets of €745bn as at 31.12.22 and €714bn as at 31.12.21; refer to slide 95 Book value per Share in millions of euros Shareholders' Equity Group share of which changes in assets and liabilities recognised directly in equity (valuation reserve) of which Undated Super Subordinated Notes of which remuneration net of tax pay able to holders of Undated Super Subordinated Notes Net Book Value (a) Goodwill and intangibles Tangible Net Book Value (a) Number of Shares excluding Treasury Shares (end of period) in millions Book Value per Share (euros) of which book value per share excluding valuation reserve (euros) 31-Dec-22 31-Dec-21 121,792 117,886 (1) -3,553 222 11,800 9,207 (2) 183 106 (3) 109,809 108,573 (1)-(2)-(3) 11,991 11,549 97,818 97,024 1,233 1,234 89.0 88.0 91.9 87.8 79.3 78.7 Net Tangible Book Value per Share (euros) (a) Excluding Undated Super Subordinated Notes and remuneration net of tax pay able to holders of Undated Super Subordinated Notes BNP PARIBAS The bank for a changing world 2022 Full Year Results | 92#93Return on Equity and Permanent Shareholders' Equity Calculation of Return on Equity in millions of euros Net income Group share Remuneration net of tax of Undated Super Subordinated Notes and exchange effect Net income Group share used for the calculation of ROE/ROTE Average permanent shareholders' equity, not revaluated, used for the ROE calculation (a) Return on Equity (ROE) Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (b) Return on Tangible Equity (ROTE) 31-Dec-22 31-Dec-21 10,196 9,488 -575 -436 9,621 9,052 105,707 101,882 9.1% 8.9% 93,937 90,412 10.2% 10.0% (a) Average Permanent shareholders' equity: average of beginning of the year and end of the period (Permanent Shareholders' equity = Shareholders' equity attributable to shareholders - changes in assets and liabilities recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (b) Average Tangible permanent shareholders' equity: average of beginning of the year and end of the period (Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill) Permanent Shareholders' Equity Group share, not revaluated, used for the calculation of ROE / ROTE in millions of euros 31-Dec-22 31-Dec-21 Net Book Value 109,809 108,573 (1) of which changes in assets and liabilities recognised directly in equity (valuation reserve) -3,553 222 (2) of which 2021 dividend distribution project of which assumption of distribution of 2022 net income Permanent shareholders' equity, not revaluated, used for the calculation of ROE (a) Goodwill and intangibles 4,527 (3) 5,773 (4) 107,589 103,824 (1)-(2)-(3)-(4) 11,991 11,549 Tangible permanent shareholders' equity, not revaluated, used for the calculation of ROTE (a) Average permanent shareholders' equity, not revaluated, used for the ROE calculation (b) Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (c) 95,598 92,275 105,707 101,882 93,937 90,412 (a) Excluding Undated Super Subordinated Notes, remuneration net of tax payable to holders of Undated Super Subordinated Notes, and including the assumptions of distribution of net income; (b) Average Permanent shareholders' equity: average of beginning of the year and end of the period (Permanent Shareholders' equity Shareholders' equity attributable to shareholders - changes in assets and liabilities recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption); (c) Average Tangible permanent shareholders' equity: average of beginning of the year and end of the period (Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 93#94A Solid Financial Structure Doubtful loans/gross outstandings 31-Dec-22 31-Dec-21 Doubtful loans (a) / Loans (b) 1.7% 2.0% (a) Impaired loans (stage 3) to customers and credit institutions, not netted of guarantees, including on-balance sheet and off-balance sheet and debt securities measured at amortized costs or at fair value through shareholders' equity; (b) Gross loans outstanding to customers and credit institutions, on-balance sheet and off-balance sheet and including debt securities measured at amortized costs or at fair value through shareholders' equity (excluding insurance) Coverage ratio €bn Allowance for loan losses (a) Doubtful loans (b) Stage 3 coverage ratio 31-Dec-22 14.0 31-Dec-21 16.1 19.3 72.5% 21.8 73.6% (a) Stage 3 provisions; (b) Impaired loans (stage 3) to customers and credit institutions, on-balance sheet and off-balance sheet, netted of guarantees received, including debt securities measured at amortized costs or at fair value through shareholders' equity (excluding insurance) BNP PARIBAS The bank for a changing world 2022 Full Year Results | 94#95Common Equity Tier 1 ratio Basel 3 Common Equity Tier 1 ratio¹ (Accounting capital to prudential capital reconciliation) €bn 31-Dec-22 30-Sep-22 31-Dec-21 Consolidated Equity 126.6 125.4 122.5 Undated super subordinated notes -11.8 -10.8 -9.2 2021 net income distribution project 0.0 0.0 -4.5 2022 net income distribution project_ -5.8 -4.3 3 Regulatory adjustments on equity -1.2 -1.2 -1.8 Regulatory adjustments on minority interests -3.0 -2.9 -3.0 Goodwill and intangible assets -10.6 -10.9 -10.1 Deferred tax assets related to tax loss carry forwards -0.2 -0.2 -0.3 Other regulatory adjustments -1.1 -1.2 -1.6 Deduction of irrevocable payments commitments -1.1 -1.1 0.0 Common Equity Tier One capital 91.8 92.8 92.0 Risk-weighted assets 745 766 714 Common Equity Tier 1 Ratio 12.3% 12.1% 12.9% 1. CRD4; 2. Subject to the approval of the General Meeting of 16 May 2023 and ECB authorisation; 3. Including Prudent Valuation Adjustment and IFRS 9 transitional provisions BNP PARIBAS The bank for a changing world 2022 Full Year Results | 95#96Medium/Long Term Funding Continued presence in debt markets 2022 MLT regulatory issuance plan completed: €18.9bn issued¹, of which: Capital instruments: €6.3bn²: · • • AT1: €4bn $1.25bn, PerpNC5³, at 4.625% (sa, 30/360), equiv. US 5Y Treasuries+320 bps $2bn, PerpNC74, at 7.75% (sa, 30/360), equiv. 5Y US Treasuries+490 bps €1bn, PerpNC7.255, at 6.875% (sa, Act/Act); equiv. mid-swap€+464 bps Tier 2: €2.3bn SGD350m, 10NC56, at 3.125% (sa, Act/365); equiv. 5Y mid-swap SORA-OIS+140 bps (mid- swap€+123bps reoffer) €1.5bn, 10NC56, at 2.5% (a, Act/Act); equiv. mid-swap€+160 bps • SGD300m, 10NC56, at 5.25% (sa, Act/365); equiv. 5Y mid-swap SORA-OIS+268 bps (mid- swap€+247 bps reoffer) • 2023 MLT regulatory issuance plan7 €18.5bn in which: Capital instruments: €3.5bn7; AT1 €2.25bn already issued¹ $1bn (dealt in 2022, as pre-funding for the 2023 plan), PerpNC5³, at 9.25% (sa, 30/360); equiv. 5Y US Treasuries+497 bps €1.25bn, PerpNC7.48, at 7.375% (sa, Act/Act); equiv. mid- swap€+463 bps Senior Debt: €15bn7 Non-Preferred: €2.1bn already issued¹ £850m, 9.4Y bullet, UK Gilt+215 bps €1bn, 6NC5⁹, << Green », mid-swap€+145 bps Preferred: €3.3bn already issued¹ €1.25bn, 8NC710, mid-swap€+92 bps • CHF335m, 5Y bullet, CHF mid-swap+75 bps Non Prefered Senior (NPS): €12.6bn No additional public issuances in Q4 2022 • $1.75bn, 6NC59, US Treasuries+145 bps Secured Debt: Covered bonds: €3.5bn7; €1bn already issued¹ €1bn, 7Y bullet mid-swap€+22 bps Securitization: €3.1bn7 ~41% of the regulatory issuance plan realised as of January 26th 2023 1. € valuation based on historical FX rates for cross-currency swapped issuances and on December 31st 2022 for others; 2. Excluding $1.00bn AT1 PerpNC5 issued in November 2022 as pre-funding for the 2023 plan; 3. Perpetual, callable on year 5, and every 5 year thereafter; 4. Perpetual, callable on year 7, and every 5 year thereafter; 5. Perpetual, callable on year 7.25, and every 5 year thereafter; 6. 10-year maturity callable on year 5 only; 7. Subject to market conditions, indicative amounts; 8. Perpetual, callable on year 7.40, and every 5 year thereafter; 9. 6-year maturity callable on year 5 only; 10. 8-year maturity callable on year 7 only. BNP PARIBAS The bank for a changing world 2022 Full Year Results | 96#97TLAC ratio: ~460bps above the requirement without calling on the Preferred Senior debt allowance as at 1st January 2023 TLAC requirement as at 01.01.23: 22.17% of RWA 26.7% • Including capital conservation buffer, G-SIB buffer, countercyclical capital buffer (10 bps) and systemic risk buffer (8 bps) 22.17% BNP Paribas TLAC ratio as at 31.12.22 TLAC requirement as at 01.01.23: 6.75% of leverage ratio exposure TLAC requirement as at 01.01.23 BNP Paribas TLAC ratio as at 31.12.221 26.7% of RWA: ✓ 16.2% of total capital as at 31.12.22 10.6% of Non Preferred Senior debt² ✓ Without calling on the Preferred Senior debt allowance 8.4% of leverage ratio exposure 0.17% 1.50% 10.6% 2.50% 18.00% 16.2% TLAC ratio excluding buffers Conservation buffer G-SIB buffer Total capital ratio Non Preferred Senior debt² Countercyclical buffer and systemic risk buffer 1. In accordance with Regulation (EU) No.575/2013 as amended by Regulation (EU) No. 2019/876, Article 72b paragraphs 3 and 4, some Preferred Senior debt instruments (amounting to 7,095 million euros as at 31 December 2022) are eligible within the limit of 3.5% of risk-weighted assets; BNP Paribas did not use this option as at 31 December 2022; 2. Principal amount outstanding and other regulatory adjustments, including amortised portion of Tier 2 instruments with residual maturity over 1 year BNP PARIBAS The bank for a changing world 2022 Full Year Results | 97#98Distance to MDA restrictions as of 1 January 2023 Capital requirements as at 01.01.231: CET1: 9.56% Tier 1: 11.35% Total Capital: 13.74% Leverage requirement as at 01.01.23: 3.75% MREL requirement as at 01.01.23 Distance to M-MDA restriction: in force since 01.01.22 but not constraining, as higher than the distance to MDA restrictions Distance as at 01.01.23 to Maximum Distributable Amount restrictions², equal to the lowest of the calculated amounts: €14.4bn Capital and leverage requirements as at 01.01.231 Pillar 1 P2R Conservation buffer G-SIB buffer Countercyclical buffer and systemic risk buffer 13.74% 11.35% 0.17% 9.56% 1.50% 0.17% 2.50% 0.17% 1.50% 1.50% 1.57% 2.50% 2.50% 1.18% 3.75% 0.88% 8.00% 6.00% 4.50% Capital ratios based on RWA CET1 Tier 1 Total Capital Leverage ratio 12.3% 13.9% 16.2% 4.4% BNP Paribas Capital ratios as at 31.12.22 Distance as of 1 January 2023 to Maximum Distributable Amount restrictions² BNP PARIBAS €20.6bn³ €18.9bn³ €18.2 bn³ €14.4bn4 1. Including a countercyclical capital buffer of 10 bps and a systemic risk buffer of 8 bps; 2. As defined by the Article 141 of CRD4; 3. Calculated on 745bn€ RWA as at 31.12.22; 4. Calculated on 2,374bn€ exposures as at 31.12.22 The bank for a changing world 2022 Full Year Results | 98 Leverage raio based on exposure#99Cost of risk (1/3) Cost of risk/Customer loans outstanding at the beginning of the period (in annualised bps) Group 66 39 34 31 42 38 32 23 23 2019 2020 2021 2022 1Q212Q213Q214Q21 CIB Global Banking 80 33 311 31 20 1Q222Q223Q224Q22 51 15 13 19 17 6 -5 -18 2019 2020 2021 2022 1Q212Q213Q214Q21 BNP PARIBAS 20 26 33 1Q222Q223Q224Q22 Cost of risk: €773m (-€173m vs. 3Q22; +€263m vs. 4Q21) Cost of risk at a low level Decrease of cost of risk on non-performing loans (stage 3) Release of provisions on performing loans (stages 1 & 2) related to change in method (-€251m)² 4Q21 reminder: releases of provisions on performing loans (stages 1 & 2) Cost of risk: €155m (+€39m vs. 3Q22; +€227m vs. 4Q21) Cost of risk at a low level Decrease in provisions on non-performing loans (stage 3) offset by provisions on performing loans (stages 1 & 2) 4Q21 reminder: releases of provisions on performing loans (stages 1 & 2) 1. Excluding the exceptional impact of the "Act on assistance to borrowers" in Poland; 39 bps including this impact; 2. to align with specific European standards The bank for a changing world 2022 Full Year Results | 99#100Cost of risk (2/3) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) CPBF1 17 25 21 21 11 24 19 19 21 19 17 +3 12 18 -4 1Q222Q223Q224Q22 2019 2020 2021 2022 1Q212Q213Q214Q21 BNL bc1 64 69 62 58 56 54 67 71 63 55 57 57 2019 2020 2021 2022 CPBB1 1Q212Q213Q214Q21 1Q222Q223Q224Q22 19 5 8 3 16 15 12 5 5 60 -9 -6 2019 2020 2021 2022 1Q212Q213Q214Q21 1Q222Q223Q224Q22 BNP PARIBAS Cost of risk: -€21m (-€123m vs. 3Q22; -€121m vs. 4Q21) Cost of risk at a very low level Strong release of provisions (stages 1 & 2) related to a change in method (-€163m)² Cost of risk: €114m (stable vs. 3Q22; -€28m vs. 4Q21) Low cost of risk with a decrease in provisions on non-performing loans (stage 3) 2021 reminder: moderate releases of provisions (stages 1 & 2) Cost of risk: €20m (+€4m vs. 3Q22; +€48m vs. 4Q21) Cost of risk at a very low level 1. Including 100% of Private Banking; 2. to align with specific European standards The bank for a changing world 2022 Full Year Results | 100#101Cost of risk (3/3) Cost of risk/Customer loans outstanding at the beginning of the period (in annualised bps) Personal Finance 212 145 141 143 138 147 150 170 130 134 129 139 2019 2020 2021 2022 1Q212Q213Q214Q21 Europe-Mediterranean¹ 1Q222Q223Q224Q22 111 98 65 39 41 42 34 43 53 58 59 17 11 2019 2020 2021 2022 1Q212Q213Q214Q21 1Q222Q223Q224Q22 BancWest¹ 58 27 7 -9 -7 -5 2019 2020 2021 2022 -19-20 1Q212Q213Q214Q21 BNP PARIBAS 23 34 Cost of risk: €413m (+€77m vs. 3Q22; +€67m vs. 4Q21) Lower provisions on non-performing loans (stage 3) Provisions on performing loans (stages 1 & 2) Cost of risk: €10m (-€45m vs. 3Q22; -€22m vs. 4Q21) Cost of risk very low due to a moderate release of provisions on performing loans (stages 1 & 2) 50 50 Cost of risk: €76m (+€27m vs. 3Q22; +€100m vs. 4Q21) Provisions on performing loans (stages 1 & 2) 4Q21 reminder: release of provisions² related to the public health crisis 1Q222Q223Q224Q22 -153 The bank for a changing world 1. Including 100% of Private Banking; 2. Stages 1 & 2 2022 Full Year Results | 101#102Risk-Weighted Assets Basel 3 Risk-Weighted Assets¹: €745bn as at 31.12.22 (€714bn as at 31.12.21) The +€31bn change is mainly explained by: • +€26bn increase in credit risk • +€2bn increase in counterparty risk • +€2bn increase in securitisation positions in the banking book bn€ Credit risk 31.12.22 30.09.22 31.12.21 580 591 554 Operational Risk 62 61 63 Counterparty Risk 42 52 40 Market vs. Foreign exchange Risk 26 27 25 Securitisation positions in the banking book Others² 16 15 14 20 20 18 Basel 3 RWA¹ 745 766 714 1. CRD4; 2. Including the DTAs and significant investments in entities in the financial sector subject to 250% weighting BNP PARIBAS The bank for a changing world 2022 Full Year Results | 102#103Basel 31 risk-weighted assets by business as at 31.12.22 Global Markets & Securities CIB: 33% Services: 13% Global Banking: IPS: 6% 20% Other Activities: 5% Insurance & WAM: 6% New Digital Businesses: 1% CPBF: 13% BNL bc: 6% CPBS: 56% CPBB: 7% Commercial & Personal Banking in the Euro zone: 27% CPBL: 1% Europe-Mediterranean: 7% BancWest: 7% Arval & Leasing Solutions: 4% Personal Finance: 10% Commercial & Personal Banking outside the Euro zone: 14% CPBS Specialised Businesses: 15% 1. CRD4 BNP PARIBAS The bank for a changing world 2022 Full Year Results | 103