#12021 FULL YEAR RESULTS 8 February 2022 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, in particular in the context of the Covid-19 pandemic, 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 out 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): Adobe Stock Rido, Adobe Stock © VOJTa Herout, Adobe Stock © Maria_Savenko, Adobe Stock © rh2010 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 the 2021 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 2021 Full Year Results | 2#32021: A very strong increase in results Sustained revenue growth . Very good momentum at Domestic Markets Increase in Asset Management and Insurance revenues Further increase at CIB Revenues: +4.4% vs. 2020 (+3.7% vs. 2019) Positive jaws effect despite the increase in the SRF1 contribution Business development and Investments Cost of risk at a low level Very strong growth in net income³ vs. 2020 and 2019 Very solid balance sheet 2021 pay-out ratio: 60% (50% in cash, 10% in share buyback7) Costs: +3.0% vs. 2020 (-0.7% vs. 2019) Cost of risk: 34 bps² Net income³: €9,488m +34.3% vs. 2020 (+16.1% vs. 2019) CET1 ratio: 12.9% ROTE5: 10.0% Dividend6: €3.67 1. Single Resolution Fund; 2. Cost of risk vs. customer loans outstanding at the beginning of the period (in bp); 3. Group share; 4. CRD4; including IFRS9 transitional arrangements - See slide 12; 5. Return on tangible equity non revaluated; 6. Subject to the approval of the General Meeting of 17 May 2022; 7. Share buyback programme totalling €900m executed in 4Q21 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 3#4A robust performance 2021 Revenues: €46,235m +3.7% +4.4% 44.6 44.3 46.2 2021 Operating expenses (excluding taxes subject to IFRIC 21): €29,595m -1.9% +2.5% 30.2 28.9 29.6 €bn €bn 2019 2020 2021 2019 2020 2021 CET1 ratio at 31.12.21: 12.9% 2021 Net income¹: €9,488m +80 bps +16.1% +10 bps +34.3% 12.1 12.8 12.9 9.5 8.2 7.1 in % 2019 2020 2021 2019 2020 2021 €bn Revenue growth consolidated by diversification and a comprehensive approach of the needs of customers and of the economy Investment capacity and positive jaws effects driven by the development of platforms and operational efficiency measures 2021 ROTE: 10.0% Strong growth in earnings per share (EPS) vs. 2020 and 2019 2021 EPS: €7.26² +36.7% vs. 2020 +16.9% vs. 2019 CAGR 16-21: +3.9% Continuous and sustainable value creation 1. Group share; 2. See p93 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 4#5BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#6Main exceptional items - 2021 Exceptional items Revenues Accounting impact of a swap set up for the transfer of an activity (Corporate Centre) 2021 2020 -€104m Total exceptional revenues -€104m Operating expenses Restructuring costs¹ and adaptation costs² (Corporate Centre) -€164m -€211m IT reinforcement costs (Corporate Centre) -€128m -€178m • Donations and staff safety measures relating to the health crisis (Corporate Centre) Total exceptional operating expenses -€132m -€292m -€521m Other non-operating items Capital gain on the sale of buildings (Corporate Centre) Capital gain related to Allfunds³ (Corporate Centre) Capital gain on the sale of a stake held by BNP Paribas • • Asset Management in a JV (Wealth and Asset Management) Impairments (Corporate Centre) +€486m +€699m +€444m +€371m +€96m -€74m -€130m Total exceptional other non-operating items +€952m +€940m Total exceptional items (pre-tax) +€660m +€316m Total exceptional items (after tax)4 +€479m +€264m Taxes and contributions based on the application of IFRIC 21 "Taxes"5 -€1,516m -€1,323m 1. Related to the restructuring of certain businesses (in particular at CIB); 2. Related in particular to Wealth Management, BancWest and CIB; 3. Disposal of 8.69% stake in Allfunds, BNP Paribas still holds a 13.81% stake in Allfunds; 4. Group share; 5. Including the contribution to the Single Resolution Fund BNP PARIBAS The bank for a changing world 2021 Full Year Results | 6#72021 Consolidated Group Very solid results, strong growth and positive jaws effect 2021 2020 2021 vs. 2020 2019 2021 vs. 2019 Revenues €46,235m €44,275m +4.4% €44,597m +3.7% Operating expenses -€31,111m -€30,194m +3.0% -€31,337m -0.7% Gross operating income €15,124m €14,081m +7.4% €13,260m +14.1% Cost of risk -€2,925m -€5,717m -48.8% -€3,203m -8.7% Operating income €12,199m €8,364m +45.9% €10,057m +21.3% Non-operating items €1,438m €1,458m -1.4% €1,337m +7.6% Pre-tax income €13,637m €9,822m +38.8% €11,394m +19.7% €9,488m €7,067m +34.3% €8,173m +16.1% Net income, Group share Net income, Group share excluding exceptional items¹ Return on tangible equity (ROTE)²: 10.0% €9,009m €6,803m +32.4% €8,415m +7.1% BNP PARIBAS The bank for a changing world 1. See slide 6; 2. Not revaluated, see detailed calculation on slide 95 2021 Full Year Results | 7#82021 - Revenues Solid growth driven by a diversified model €m Domestic Markets1 +5.2% +5.2% International Financial Services -1.2% +1.7% CIB Group +3.4% +4.4% at constant scope & +4.1% +5.4% exchange rates 15,477 16,275 15,938 15,751 13,763 14,236 2020 2021 Domestic Markets: strong increase in revenues driven by a good performance in the networks² (in France in particular) and very strong growth in the specialised businesses (Arval in particular) IFS: increase in revenues at constant scope and exchange rates, with a strong growth in asset gathering businesses, an increase at Insurance and BancWest, and a less favourable context for the other businesses CIB: sustained revenue growth at a high level (+17.8% vs. 2019) - strong growth at Corporate Banking and Securities Services and stability at Global Markets 1. Including 100% of Private Banking in France (excluding PEL/CEL effects), Italy, Belgium and Luxembourg; 2. FRB, BNL bc and BRB BNP PARIBAS The bank for a changing world 2021 Full Year Results | 8#92021 - Operating expenses Supporting growth - Positive jaws effect Domestic International Єm Markets1 +2.0% +1.9% Financial Services CIB +1.1% +4.2% Group +5.4% +3.0% +4.0% at constant scope & +3.6% exchange rates 10,568 10,784 10,117 10,231 8,920 9,400 2020 2021 Domestic Markets: support for growth in the specialised businesses and for the rebound of activity in the networks², contained by cost-savings measures – very positive jaws effect - IFS: increase in operating expenses, driven mainly by business development and targeted initiatives CIB: increase in operating expenses, driven by business development, targeted investments and the impact of taxes subject to IFRIC 21 1. Including 100% of Private Banking in France (excluding PEL/CEL effects), Italy, Belgium and Luxembourg; 2. FRB, BNL bc and BRB BNP PARIBAS The bank for a changing world 2021 Full Year Results | 9#10Cost of risk-2021 (1/2) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) Group 35 39 89 66 34 2018 2019 2020 2021 Cost of risk: €2,925m (-€2,792m vs. 2020) Cost of risk at a low level due to the limited number of new defaults and a high basis of comparison in 2020 Marginal releases of provisions on performing loans (stages 1 & 2) in 2021 (€78m) (reminder from 2020: €1.4bn in provisions) CIB - Corporate Banking €201m (-€1,108m vs. 2020) Low cost of risk compared to a high base in 2020 Limited number of new defaults and releases of provisions on performing loans (stages 1 & 2) 80 15 13 2 2018 2019 2020 2021 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 10#11Cost of risk - 2021 (2/2) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) FRB 16 17 25 21 2018 2019 2020 2021 BNL bc 75 64 69 62 2018 2019 2020 2021 BRB 4 5 19 8 2018 2019 2020 2021 • €441m (-€55m vs. 2020) • Cost of risk at a low level €487m (-€38m vs. 2020) Releases of provisions on performing loans¹ and a limited number of new defaults €99m (-€130m vs. 2020) • Very low cost of risk Europe Mediterranean 82 98 111 39 2018 2019 2020 2021 BancWest 58 14 27 -9 2018 2019 2020 2021 Personal Finance 212 141 145 141 2018 2019 2020 2021 • €144m (-€292m vs. 2020) Strong decrease in the cost of risk . • -€45m (-€368m vs. 2020) Releases of provisions on performing loans¹ and low level of provisioning on non- performing loans² • €1,314m (-683m vs. 2020) Cost of risk at a low level • Reminder from 2020: impacts of provisions on performing loans and of the new definition of default (4Q20) 1. Stages 1 & 2; 2. Stage 3 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 11#122021 - A solid financial structure • CET1 ratio: 12.9% as at 31.12.211 (+10 bps vs. 31.12.20) 2021 results, after taking into account a 50% pay-out ratio and the impact of the execution of the €900m share buyback programme in 4Q21: +50 bps • Increase in risk-weighted assets at constant scope and exchange rates²: -25 bps Other impacts on the ratio, in particular due to the tapering of regulatory amendments related to the public health crisis³: -15 bps 2022 prospect: Impacts related to the updating of models and regulation (-20 bps)4 expected in 1Q22, offset by ordinary capital management by the end of 2022 CET1 ratio 12.8% 12.9% 31.12.20 31.12.21 Liquidity reserve (€bn)6 Leverage ratio5: 4.1% as at 31.12.21 Immediately available liquidity reserve: €452bn (€432bn as at 31.12.20): Room to manoeuvre >1 year in terms of wholesale funding 432 Liquidity Coverage Ratio: 143% as at 31.12.21 31.12.20 452 31.12.21 1. CRD4; including IFRS9 transitional arrangements; see slide 97; 2. Including impacts related to the updating of models and regulations; 3. IFRS9 transitional provisions and PVA aggregation factor (-10 bps); 4. In particular the application of the regulatory requirements related to Forex Risk in the banking book; 5. Calculated in accordance with Regulation (EU) 2019/876, without opting for the temporary exclusion related to deposits with Eurosystem central banks authorised by the ECB decision of 18 June 2021; 6. 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 2021 Full Year Results | 12 |#13Continuous and strong value creation throughout the cycle Pay-out ratio of 60% Steady increase in net tangible book value per share: €78.7 +€5.5 (+7.4%) vs. 31.12.20 Increase in pay-out ratio in 2021 Pay-out ratio of 60%2 € 2008-2021 CAGR¹: +5.2% 82.3 79.0 88.0 9.4 73.9 75.1 74.7 9.1 70.9 9.3 78.7 65.0 66.6 10.0 9.9 63.1 10.6 73.2 10.7 69.7 57.1 55.6 10.0 10.9 65.1 64.8 10.7 63.3 51.9 60.2 45.7 11.7 55.7 11.5 55.0 11.1 52.4 45.4 13.7 44.1 40.8 32.0 CAGR: +7.2% Total amount distributed: €5.4bn • Dividend²: €3.67 per share Paid out in cash 50% of net income² Dividend yield: 5.8%³ Share buyback programme: €900m • Executed between 1 November 2021 and 6 December 2021 15.5m4 shares cancelled on 31.12.2021 . Equivalent to 10% of net income 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Tangible net asset value per share 1. Of net book value per share; 2. Subject to the approval of the General Meeting of 17 May 2022, detached on 23 May 2022, paid out on 25 May 2022; 3. Based on the share price of 31 January 2022 (€63.00); 4. See 7 December 2021 press release BNP PARIBAS The bank for a changing world 2021 Full Year Results | 13#14A 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: ■ 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 on financial security for all employees (Sanctions & Embargos, Combatting Money Laundering & Terrorism Financing), on combating corruption, and on professional ethics for all new employees 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 last year and is proceeding at a good pace despite public health constraints. It is achieving results similar to those of previous cycles and is expected to be completed mid 2022. 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 2021 Full Year Results | 14#15An ambitious policy of engaging with society Mobilisation by all business lines for sustainable finance Financing a sustainable economy Biodiversity Financial inclusion and Civic involvement Net-Zero commitment to strengthen and accelerate decarbonisation strategies, with the signing of the NZBA1, NZAOA¹, and NZAMI¹ #2 in green bonds worldwide with €46, 1bn² and #1 in sustainable bonds issuance in € in EMEA with €29.4bn² in 2021 More than 40,000 trainings on sustainable development have been completed in 2021 A publication on a public stance on preserving biodiversity A €4bn target in financing contributing to the protection of biodiversity An enhanced policy to prevent deforestation, particularly in Brazil; BNP Paribas ranked #1 among 150 financial institutions by the NGO Global Canopy Signing of the UN-promoted commitment to universal financial inclusion and financial health Development of green microfinance: BNP Paribas selected in GEF's³ call for projects (with a goal to certify MFIs that help their end-customers better adjust to climate change) Three-year renewal of the Group's integration programme for refugees in Europe: €1.5 million allocated in 2021 to 27 associations in 10 countries 1. Net Zero Banking Alliance, Net Zero Asset Owner Alliance, Net Zero Asset Manager initiative; 2. Source: Dealogic as at 31.12.21; bookrunner; ranking in volume, apportioned amounts; 3. Global Environment Facility, based in Washington; 4. Microfinance institutions BNP PARIBAS The bank for a changing world 2021 Full Year Results | 15#16BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#17Domestic Markets - 2021 Increase in activity, strong rise in results Very good business drive Loans: +4.2% vs. 2020, increase in all businesses, rise in individual and corporate loans Loans +4.2% €bn 434 452 Deposits: +8.6% vs. 2020, increase driven by the effects of the public health crisis on customer behaviour 54 58 Other DMs 115 117 BRB 76 77 BNL bc 189 199 FRB 2020 2021 172 million monthly connections to the mobile apps¹ in 4Q21 (+25.4% vs. 4Q20), or a contact more than 25 times per month on average Expansion in client acquisition with Hello bank!² in Europe: 3.1 million clients as at 31.12.2021 (+8.7% vs. 31.12.20) Sustained growth in financial savings • • Increase in off-balance sheet savings: +9.7% vs. 31.12.20; increase of 12.5% in mutual fund outstandings and 6.9% in life insurance vs. 31.12.20 Private banking: very good net inflows of €7.7bn Revenues³: €16,275m (+5.2% vs. 2020) • Very good overall performance in the networks4 (+3.2%), driven by the sharp rise in fees and the good performance of specialised subsidiaries despite the impact of low interest rates • Strong increase at Arval (+19.5%), Leasing Solutions (+7.7%) and Nickel (+24.9%) Operating expenses³: €10,784m (+2.0% vs. 2020) • +0.7% in the networks4 +8.1% in the specialised businesses in connection with their growth • Very positive jaws effect (+ 3.1pts) €m Gross Operating Income³ +11.8% 5,491 4,909 2020 2021 Pre-tax income5: €4,123m (+26.0% vs. 2020) 1. Scope: individuals, small business and private banking customers of DM networks or digital banks (including Germany) and Nickel, on average in 4Q; 2. Excluding Austria and Italy; 3. Including 100% of Private Banking, excluding PEL/CEL effects; 4. FRB, BDDB, BNL bc and including 100% of Private Banking; 5. Including 2/3 of Private Banking, excluding PEL/CEL effects BNP PARIBAS The bank for a changing world 2021 Full Year Results | 17#18DM - French Retail Banking - 2021 Sustained business drive and strong growth in results • . Acceleration in business drive throughout the year Loans: +5.4% vs. 2020, increase in loans, particularly to individual customers, with a dynamic mortgage loan production; acceleration late in the year in corporate loans Loans +5.4% Deposits: +8.2% vs. 2020, increase driven by the impact of the public health crisis on customer behaviour 189 199 • Strong increase in payment and cash management fees (+11.5% vs. 20201), exceeding the level of 2019 (+5.3% vs. 20191) €bn Development of equity capital operations for small and mid-sized companies: 8 IPOs in 2021, including 5 in greentech 2020 2021 Robust transformation of financial savings Fees² • Off-balance sheet savings: +5.0% vs. 31.12.20, with almost €9.5bn (+41% vs. 2020) in gross life insurance inflows +4.8% +8.6% Private Banking: €122bn in assets under management as at 31.12.21 and strong net inflows (€4.2bn in 2021) Revenues²: €6,240m (+5.0% vs. 2020) Net interest income: +2.1%, driven by the good performance of specialised subsidiaries and by loan activity, despite the impact of low interest rates Fees: +8.6%, steep increase in all fees (+4.8% vs. 2019) Operating expenses²: €4,551m (+1.4% vs. 2020) • Very positive jaws effect (+3.6 pts) • Ongoing impact of cost-optimisation measures 2,737 2,641 2,869 €m 2019 2020 2021 Pre-tax income³: €1,149m (+33.3% vs. 2020) 1.Scope: corporate customers; 2. Including 100% of Private Banking, excluding PEL/CEL effects; 3. Including 2/3 of Private Banking, excluding PEL/CEL effects BNP PARIBAS The bank for a changing world 2021 Full Year Results | 18#19DM - BNL banca commerciale - 2021 Good business drive Growth in business activity Loans: +1.5% vs. 2020, +3.7% when excluding non-performing loans; improved market shares across all customer segments Deposits: +12.3% vs. 2020, growth across all customer segments Market share on the corporate segment (loans)1 6.6% 5.6% 5.8% 6.0% Card payments: strong increase among individual customers in transaction numbers (+31% vs. 2020) and in volumes (+19% vs. 2020) Strong momentum in fee growth, financial fees in particular Growth in off-balance sheet savings: +10.0% vs. 31.12.20, strong increase in mutual fund outstandings (+14.1% vs. 31.12.20) and continued increase in life insurance outstandings (+7.3% vs. 31.12.20) Private banking: very good net asset inflows of €2.2bn Revenues²: €2,680m (+0.3% vs. 2020) Net interest income: -4.9%, impact of the low-interest-rate environment partly offset by higher loan volumes Fees: +8.3%, strong increase in all fees Operating expenses²: €1,781m (+2.0% vs. 2020) Increase driven mainly by the rise in taxes subject to IFRIC 21 and the economic recovery Ongoing effect of adaptation measures (the "Quota 100" retirement plan) 4Q18 4Q19 4Q20 4Q21 Off-balance sheet savings (Life insurance and mutual funds) +10.0% 39.8 43.8 31.12.20 31.12.21 €bn Pre-tax income³: €376m (+3.7% vs. 2020) 1. Source: Italian Banking Association, 4Q21 based on information available as of the end of November; 2. Including 100% of Italian Private Banking; 3. Including 2/3 of Italian Private Banking BNP PARIBAS The bank for a changing world 2021 Full Year Results | 19#20DM-Belgian Retail Banking- 2021 Good level of activity and strong rise in results Continuation of the good business drive • Loans: +2.4% vs. 2020, increase in all customer segments Deposits: +6.0% vs. 2020, increase in all customer segments Acceleration in digital uses: almost 65 million1 monthly connections on the mobile apps (+42.9% vs. 4Q20) Steady increase in off-balance sheet savings: +11.3% vs. 31.12.20, driven in particular by the favourable trend in mutual fund outstandings Set up of the new commercial partnership with bpost • Closing in early January 2022 of the acquisition of the 50% of bpost Banque shares, not yet held, together with a 7-year partnership to distribute financial services within the network of post offices Revenues²: €3,509m (+2.2% vs. 2020) Net interest income: -1.7%4, impact of the low-interest-rate environment partly offset by the strong contribution of specialised subsidiaries and growth in lending activities Fees: +12.0%, solid growth in all fees Operating expenses²: €2,375m (-1.4% vs. 2020) Mutual fund outstandings +17.5% 42.3 36.0 2020 €bn 2021 Gross Operating Income² +10.8% 1,135 • Impact of cost-reduction measures and ongoing optimisation in the branch network 1,024 Very positive jaws effect (+3.6 pts) €m 2020 2021 Pre-tax income³: €989m (+29.8% vs. 2020) 1. Scope: individual, small business and private banking customers (BNP Paribas Fortis and Hello Bank!) on average in 4Q; 2. Including 100% of Belgian Private Banking; 3. Including 2/3 of Belgian Private Banking; 4. Non-recurring impact from 3Q21 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 20 |#21DM - Other Activities - 2021 Strong growth in results Strong sales and marketing drive in all businesses Arval: very good performance driven by the expansion of the financed fleet (+6.2% vs. 2020) and the increase in used car prices; partnership signed with Jaguar Land Rover in 9 European contries Leasing Solutions: +4.3%² increase in outstandings vs. 2020, with a robust production momentum (+8.4% vs. 2019) Personal Investors: strong increase in assets under management (+28.3% vs. 31.12.20) driven by good market performances, strong increase in the number of new clients in particular in Consorsbank in Germany (+14.9% vs. 2020) Nickel: ~2.4m accounts opened³ (+26.6% vs. 31.12.20), > 7,100 points of sale (+18% vs. 31.12.20); further expansion in Spain (800 points of sale as at 31.12.21, vs. 72 at 31.12.20 reaching 2,000 account openings per month) Luxembourg Retail Banking (LRB): good increase in loans with improved margins, high production of mortgage loans and increase in fees Revenues4: €3,846m (+12.1% vs. 2020) • Strong growth in revenues, driven in particular by the very strong increase at Arval and the good performance of the other businesses, particularly Leasing Solutions Operating expenses4: €2,078m (+8.1% vs. 2020) Increase driven by the expansion in activity • Very positive jaws effect (+4.1 pts) Arval financed fleet¹ 1,255 +14.0% +6.2% 1,347 1,430 31.12.19 31.12.20 31.12.21 Nickel: number of accounts opened (in millions)³ NICKEL ~2.4m ~1.9m ~1.5m 31.12.19 31.12.20 31.12.21 Pre-tax income5: €1,608m (+25.3% vs. 2020) 1. Average fleet in thousands of vehicles; 2. At constant scope and exchange rates; 3. Since inception, in France; 4 Including 100% of Private Banking in Luxembourg; 5. Including 2/3 of Private Banking in Luxembourg BNP PARIBAS The bank for a changing world 2021 Full Year Results | 21#22International Financial Services - 2021 Strong rise in results Good business drive in international retail networks and at Personal Finance Increase in production at Personal Finance (+11.5% vs. 2020) with the evolution in the public-health situation; sustained development in partnerships Very strong business drive in international retail networks¹ and sustained increase in fees Announcement on 20 December 2021 of the sale of Bank of the West to BMO Financial Group (transaction expected to close late 2022)³ Very good momentum in Wealth and Asset Management (WAM) and Insurance Assets under management² +9.1% 1,271 1,165 31.12.20 31.12.21 Pre-tax income €bn Very strong net asset inflows (+€58.5bn in 2021) and increase in assets under management (+9.1% vs. 31.12.20) on the back of favourable market trends and good management performances +35.0% 4,620 3,421 Good business drive in Insurance and continued rebound in Real Estate Services Revenues: €15,751m (-1.2% vs. 2020) +1.7% at constant scope and exchange rates Increase in all business lines of WAM and Insurance Less favourable context overall for international retail networks1 and Personal Finance BNP PARIBAS Operating expenses: €10,231m (+1.1% vs. 2020) €m 2020 2021 • +4.2% at constant scope and exchange rates Driven by activity growth and targeted initiatives Pre-tax income: €4,620m (+35.0% vs. 2020) +37.6% at constant scope and exchange rates Sharp decrease in cost of risk 1. Europe-Mediterranean and BancWest; 2. Including distributed assets; 3. Subject to the usual suspensive conditions, including approval by the relevant antitrust and regulatory authorities; see press release of 20 December 2021 The bank for a changing world 2021 Full Year Results | 22#23IFS - Personal Finance - 2021 Strong increase in results, driven by a lower cost of risk Sustained business drive Increase in production with the evolution of the public-health situation (+11.5% vs. 2020), supporting growth in end of period loans outstanding (+0.9% vs. 2020) Average loans outstanding: -1.0% vs. 2020, mitigation of the impact of lower production due to the public-health crisis (+0.6% between 4Q21 and 4Q20) Strong momentum in developing partnerships • • Strengthening of the partnership with Stellantis: exclusive partner in Germany, Austria and the United Kingdom; €6bn increase in loans outstanding projected upon the closing of the deal¹ Signing of an exclusive strategic partnership with Jaguar Land Rover in financing mobility in Europe in cooperation with Arval and Insurance Change in product portfolio 10% Retailers 13% Credit cards 9% 11% 41% Personal loans 42% 36% 38% Auto loans 31.12.19 31.12.21 Pre-tax income +73.1% 1,163 672 Revenues: €5,216m (-4.9% vs. 2020) Decrease driven mainly by the impact of negative non-recurring items in 2H21, partly offset by higher production 2020 Єm 2021 Operating expenses: €2,817m (+2.2% vs. 2020) • Investment and business development offset in part by an improvement in operating efficiency Pre-tax income: €1,163m (+73.1% vs. 2020) Decrease in cost of risk • Significant contribution of associates 1. Closing of the deal projected in 1H23, subject to the usual authorisations, as well as prior disclosures and consulting with the personnel representatives concerned BNP PARIBAS The bank for a changing world 2021 Full Year Results | 23#24IFS - Europe-Mediterranean - 2021 Confirmation of a good business momentum Strong business activity • • Loans: +4.9%¹ vs. 2020, very good loan growth across all customer segments Acceleration in loan production (+24.1%² vs. 2020) during the year in all countries, both for individuals and corporates Deposits: +7.5%¹ vs. 2020, up in all regions Development of the commercial offering • • Momentum in fee growth confirmed over the full year(+13.8% vs. 2020), with 4Q21 exceeding by far the 2019 level (+20.8% vs. 4T19) Sharp increase in active digital customers: 4.3 millions (+16.5% vs. 31.12.20) Loans1 +4.9% 34.3 32.7 €bn 2020 2021 Fees +13.8%¹ Revenues³: €1,941m (-6.3% vs. 2020) • Stable revenues at constant scope and exchange rates excluding a non- recurring item in 4Q21 in Poland Operating expenses³: €1,604m (+5.3% vs. 2020) • Increase driven by high wage drift and targeted initiatives €m 2020 2021 Pre-tax income4: €366m (+12.4% vs. 2020) • Strong decrease in cost of risk 1. At constant scope and exchange rates; 2. At constant exchange rates, including loans to individuals and corporates in Turkey, Poland, Ukraine and Morocco; 3. Including 100% of Private Banking in Turkey and Poland; 4. Including 2/3 of Private Banking in Turkey and Poland BNP PARIBAS The bank for a changing world 2021 Full Year Results | 24#25IFS - BancWest - 2021 Sustained business drive and strong increase in result Dynamic business drive in lending business Good level of loan production 1 (+8.9%² vs. 2020), with in particular a very good drive in loan to individuals (+30.3%² vs. 2020) and SMEs (+5.5%² vs. 2020) Loans: -6.9% vs. 2020, decrease due in particular to the effects of economic stimulus measures and the discontinuation of a business in 2020 Development of deposits and financial savings with a recognised quality of service • Deposits: +10.0% vs. 2020, strong increase in customer deposits³ (+10.5% vs. 2020) Private Banking: $19.5bn in assets under management as at 31.12.21 (+16.3% vs. 31.12.20) #1 in overall customer satisfaction (individuals and SMEs) in California Announcement on 20 December 2021 of the sale of Bank of the West to BMO Financial Group (closing of the transaction expected late 20225) Revenues6: €2,426m (+2.1%² vs. 2020) Growth driven by the increase in fees; stable net interest income Reminder: overall positive impact of 2021 non recurring items Operating expenses6: €1,695m (+1.9%² vs. 2020) • Increase in connection with the business activity Positive jaws effect (+0.3 pt) Loan production excluding PPP loans¹ +8.9%2 $bn 2020 2021 Pre-tax income? X2 771 392 €m 2020 2021 Pre-tax income7: €771m (x22 vs. 2020) Strong decrease in the cost of risk 1. Production of loans to individuals, production and flows in SMEs and corporates excluding Paycheck Protection Program loans; 2. At constant scope and exchange rates (figures at historical scope and exchange rates in the appendices); 3. Deposits excluding treasury activities; 4. Source: JD Power's Retail and SME Banking Studies in 2021; 5. Upon customary condition precedents, including the approval of the relevant antitrust and regulatory authorities; 6. Including 100% of Private Banking in the United States; 7. Including 2/3 of Private Banking in the US BNP PARIBAS The bank for a changing world 2021 Full Year Results | 25#26IFS - Insurance and WAM¹ - Asset inflows and AuM - 2021 Very good net asset inflows and favourable performance effect Assets under management: €1,271bn as at 31.12.21 +9.1% vs. 31.12.20 Performance effect: Increase due to positive market trends and good management performances: +€59.4bn Favourable foreign exchange effect: +€15.9bn Others: -€27.8bn, negative scope effect mainly due to the sale of a stake by BNP Paribas Asset Management in 1Q21 €bn Change in assets under management 2 +15.9 Others +59.4 Total +58.5 Forex effect -27.8 Performance effect 1,165 Net asset inflows 1,271 Net asset inflows: +€58.5bn in 2021 Wealth Management: very good net asset inflows in Europe, particularly in Germany, France and Italy, as well as in Asia Asset Management: very strong net asset inflows in medium- and long-term vehicles (in particular in thematic funds) and sharp rebound in net asset inflows into monetary vehicles in 4Q21 Insurance: very good net asset inflows, in particular in France, Italy and Luxembourg and particularly on unit- linked products 31.12.20 31.12.21 Assets under management² as at 31.12.21 €bn Insurance: 282 Wealth Management: 422 Asset Management, including Real Estate Investment Management³: 567 1. WAM: Wealth and Asset Management, i.e. Asset Management, Wealth Management and Real Estate Services; 2. Including distributed assets; 3. Assets under management of Real Estate Services Management: €30bn BNP PARIBAS The bank for a changing world 2021 Full Year Results | 26#27IFS - Insurance - 2021 Strong business drive . Continued pick-up in activity driven by the diversification of the model • Sustained performance in Savings both in France and internationally, particularly in Italy and Luxembourg; gross asset inflows rose sharply (+42.2% vs. 2020) with unit-linked policies accounting for the vast majority of net asset inflows Increase in Protection: further growth in France; international growth in Latin America and Asia in particular Continued development of the partnership model • Renewal of a long-term global agreement with Volkswagen Financial Services to provide insurance solutions in 16 countries Joint venture1 set up for multi-brand maintenance contracts as part of Volkswagen Financial Services' expansion in long-term fleet leasing in Europe Revenues: €2,827m (+3.7% vs. 2020) Increase driven by Savings; good growth in Protection despite the impact of claims Operating expenses: €1,536m (+5.0% vs. 2020) Driven by the rebound in business activity and targeted projects Gross asset inflows in Savings €bn +42.2% 25.7 18.0 2020 2021 Climate engagement PRI Principles for FINANCE UNEPINITIATIVE THE NET-ZERO ASSET September 2021 OWNER ALLIANCE Climate Action 100+ October 2021 Pre-tax income: €1,368m (-1.0% vs. 2020) 1. Upon customary condition precedents, including the approval of the relevant antitrust authorities BNP PARIBAS The bank for a changing world 2021 Full Year Results | 27#28IFS - Wealth and Asset Management¹ - 2021 Very good performance Wealth Management • • Very good net asset inflows, up vs. 2020 Growth in financial fees driven by the increase in assets under management and transaction volumes Asset Management • Very good net asset inflows (+€34.7bn), mainly into medium- and long-term vehicles Development and widening of the responsible and sustainable investment² range and continued growth in private assets Real Estate Ongoing recovery in business activity, in particular with a marked rebound in Advisory in France, the UK and Germany Revenues: €3,422m (+14.7% vs. 2020) • Increase in all businesses • Wealth Management: increase in fees and revenues related to loan activity • Asset Management: very steep increase driven by gains in net asset inflows and performance effect Real Estate: strong increase, particularly in Advisory Operating expenses: €2,628m (+4.7% vs. 2020) • In connection with growth activity in all businesses • Positive jaws effect in all businesses and very positive in Asset Management and Real Estate (+10.1 pts overall) Wealth Management net asset inflows +18.9% 15.3 12.9 2020 €bn 2021 Strong increase in GOI 472 2020 +68.2% 794 €m 2021 Pre-tax income: €951m (+63.1% vs. 2020) • Strong increase in all businesses, in particular Asset Management and Real Estate 1. Asset Management, Wealth Management and Real Estate Services; 2. As defined by SFDR Articles 8 and 9 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 28#29Corporate & Institutional Banking - 2021 Increase in activity and sharp rise in results Very good activity level in all businesses • Financing of the economy: increase in total volume of transactions led compared with 2020 high level, driven by equity issuance¹ Markets: normalisation of client activity on forex, credit and rate markets after exceptional 2020 market circumstances; strong client activity in equities and prime services Securities services: steady increase in assets and high level of transaction volumes throughout the year Two strategic deals completed in 2021 • • Exane fully consolidated as of 1 July 2021 Transfer of systems, clients and key staff from Deutsche Bank's prime brokerage and electronic execution completed on schedule, in 2021 Revenues: €14,236m (+3.4% vs. a high 2020 base, +17.8% vs. 2019) +4.1% vs. 2020 at constant scope and exchange rates Strong rise in Corporate Banking (+7.6% vs. 2020) Good performance of Global Markets (stable vs. very high 2020 base, +22.4% vs. 2019) Strong increase in Securities Services (+5.1% vs. 2020) Growth in revenues €bn +3.4% 14.2 13.8 12.1 2019 2020 2021 #3 CIB in EMEA² 9M21 revenues in €bn #1 #2 Operating expenses: €9,400m (+5.4% vs. 2020) #3 BNP PARIBAS #4 • +4.0% vs. 2020 at constant scope #5 and exchange rates Development of activity and Pre-tax income: €4,721m (+36.7% vs. 2020) Impact of taxes subject to IFRIC 21 (+€95m vs. 2020) • +47.2% vs. 2019 Steep decrease in the cost of risk • targeted investments 1. Source: Dealogic as at 31.12.21, issuances led on the syndicated loan, bond and equity markets; bookrunner in volume, apportioned amount; 2. Source: Coalition Greenwich Competitor Analytics. Ranking includes the banks of the Coalition Index. EMEA: Europe, Middle East and Africa BNP PARIBAS The bank for a changing world 2021 Full Year Results | 29#30CIB - Corporate Banking - 2021 Very good business drive and strong growth in activity Further increase in business volumes Growth in revenues . Increase in financing raised for clients worldwide on the syndicated loan, bond and equity markets (>€410bn, +2.8% vs. 2020)1 +7.6% €m • Steady increase in loan volumes since the late 2020 trough (€161bn in 4Q21; +9.2% vs. 4Q202), 5,087 4,727 4,312 3,951 • Slight decrease in deposits (€185bn in 4Q21; -1.5% vs. 4Q202), gradual return to normal from the crisis-driven 3Q20 peak Stronger franchises and consolidated leadership • • • #1 in corporate banking with large corporates in Europe, with a strengthened leadership position in cash management and trade finance4 #1 in all bond issuance, #1 in syndicated loans, and #1 in securitisation in EMEA³ Top European player in ECM in EMEA, with very strong growth volumes led (+46% vs. 2020)³ Revenues: €5,087m (+7.6% vs. 2020 and +18.0% vs. 2019) 2018 2019 2020 2021 ◆ European rankings4 Rankings and penetration rate Cash Management #1 Trade Finance #1 #1 #1 +8.7% vs. 2020 at constant scope and exchange rates • Growth in all regions 45% 43% 43% Strong increase in the contribution of the Capital Markets platform (+9.6% vs. 2020) Sustained increase in trade finance and cash management (+10.6% vs. 2020) 41% BNP PARIBAS 2020 2021 2020 2021 1. Source: Dealogic as at 31.12.21, bookrunner in volume, apportioned amounts; 2. Quarterly average outstandings; 3. Source Dealogic as at 31.12.21, ECM: Equity Capital Market, EMEA: Europe, Middle East and Africa; 4. Greenwich Share Leaders, 2020 and preliminary version 2021 The bank for a changing world 2021 Full Year Results | 30#31CIB Global Markets - 2021 - Good level of revenues sustained by diversification. Strategic development of platforms Equity: BNP Paribas Exane fully consolidated, #1 in European equity research for the fifth consecutive year² Growth in revenues Stable vs. 2020 €m Prime Services: platform fully operational and gradual transfer of Deutsche Bank's prime brokerage clients completed in 4Q21 6,819 6,820 5,570 1,166 4,727 2,872 Client activity sustained by Equities 2,007 2,008 Equity markets: sustained activity in derivatives, particularly in structured products, and good growth in prime brokerage 5,652 3,563 3,947 2,719 Rates, currencies & commodities: less favourable context, in particular in rates and currencies vs. the 2020 exceptional market circumstances; good level of business in commodities 2018 2019 2020 2021 Equity & Prime Services FICC • Primary markets: good level of global bond volumes led (#8 worldwide, gain of 2 places in 20213) Revenues: €6,820m (stable vs. very high 2020 base and +22.4% vs. 2019) ⚫ -0.2% vs. 2020 at constant scope and exchange rates FICC (-30.2% vs. 2020; +10.8% vs. 2019): normalisation at a good level vs. a very high 2020 base, in particular on rates and, a more challenging context in 4Q21 Equity & Prime Services (x2.5 vs. 2020; +43.1% vs. 2019): strong increase in derivatives; good contribution from BNP Paribas Exane in 2H21 (~€190m); very good momentum in prime brokerage Leadership in sustainable finance Sustainable bonds: #1 EMEA and #2 worldwide³ Green bonds: #1 in EMEA and #2 worldwide³ World's Best Bank for Sustainable Finance4 1. Transaction closed on 13 July 2021 after the necessary regulatory approvals; 2. "Developed Europe Research", Institutional Investors 2021; 3. Source: Dealogic as at 31.12.21, bookrunner in volume, apportioned amounts; 4. Source: Euromoney's 2021 Awards BNP PARIBAS The bank for a changing world 2021 Full Year Results | 31#32• • - CIB Securities Services - 2021 Sustained and steady growth of the platform • Very strong business drive Progressive onboardings of new clients, including a very significant mandate (>€400bn in assets) in the euro zone Closing of the acquisition of the depositary bank business of Banco Sabadell (€21bn in assets) in 2Q21 Continued business development, in particular in targeted sectors such as Private Capital and financial intermediaries Leadership recognised by The Banker as Transaction Bank of the Year for Securities Services Volumes at record levels Increase in average assets (€14.4tn; +15.9% vs. 2020), driven by growth in assets and market performances Increase in transaction volumes: +10.4% vs. 2020 Revenues: €2,329m (+5.1% vs. 2020) 31.12.19 Assets under custody (AUC) and under administration (AuA) End of period¹ in €000bn +15.0% vs. 31.12.20 12.7 11.6 12.1 12.4 13.2 13.9 14.5 14.7 15.2 AuC 10.5 9.6 10.1 10.3 11.0 11.6 12.1 12.3 12.6 2.1 2.0 2.0 2.1 2.2 2.3 2.4 2.5 2.5 AuA 31.03.20 30.06.20 30.09.20 31.12.20 31.03.21 30.06.21 30.09.21 31.12.21 Transaction volumes Settlement & delivery transactions in millions • +7.4% at constant scope and exchange rates² Driven by higher assets and good level of fees on transactions BNP PARIBAS The bank for a changing world 1. Assets under administration, 2019-2020 proforma (AuA excluding assets that are merely deposited); 2. Reminder: fund distribution activity transferred to Allfunds 23 24 23 25 26 32 31 4Q18 29 29 32 1Q19 2Q19 36 33 33 36 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 2021 Full Year Results | 32#33BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#34GS A distinctive model positioned to perform and to deliver in all environments 2025 Client-centric approach powered by flow businesses & strong risk management Integrated Set-up with complete coverage of client needs via leading franchises & global connectivity Diversified by client segments, regions, sectors and businesses At scale with powerful execution strengthened by digitalisation and new technologies Stronger engagement with clients, leading to a deepening of relationships Ability to accompany clients in their development and growth journey Stronger earnings stability in all operating environments Development of volumes and growth at marginal costs Diversification, scale, completeness, leading positions & global approach give BNP Paribas a clear competitive advantage and a unique positioning BNP PARIBAS The bank for a changing world 2021 Full Year Results | 34#35GS 2025 A European leader uniquely positioned on the back of powerful platforms & strong customer franchises Leading European platforms in value-added businesses... Leader in flow businesses Leader in Europe in Cash Management¹ Leader in Europe in trade finance¹ 1st Factor network in Europe² Leader in Investment & Protection Services Insurance: CPI worldwide leader³ Leader in Sustainable Investment4 Leader in Wealth Management in the Eurozone5 Leader in Corporate & Institutional Banking Top 3 & 1st European CIB in EMEA6 Leader in Capital Markets Businesses in EMEA7 1st in Securities Services in EMEA8 Leader in specialized businesses Leader in Europe for full-service leasing (Arval)⁹ Top 3 Leasing company in Europe (Leasing Solutions) 10 Leading player in consumer credit in Europe ...strategically aligned to best serve clients & partners on a long-term basis Strong client franchises in Corporate & Private Banking segments • Leading positions & high penetration rates in Europe, quality positioning internationally Clients & partners favorably positioned in their sector Segmented approach & adapted operating model for individual clients • • 20% of our clients across networks in Europe are mass affluent Nickel, leader in "neobanking"11 in France, expanding in Europe Strong specialised businesses and platforms • • Fully integrated to develop cross-selling opportunities Diversified distribution channels with strong ability to partner in well-positioned sectors Synergies & pooled capabilities Organic growth at marginal cost Increased market shares & penetration rates Maximum benefit of the integrated model 1. Greenwich Share Leaders, 2021; 2. Factors Chain International Marvet Survey 2020; 3. CPI: Credit Protection Insurance, finaccord 2021; 4. #1 European sustainable thematic manager, Source: Broadridge; 5. Private Banker International 2021 winners - Private Banker International Summit and Awards; 6. Source: Coalition Greenwich Competitor Analytics. Ranking includes the banks of the Coalition Index. EMEA: Europe, Middle East and Africa; 7. Dealogic as at 31.12.21; 8. Coalition CIB Index Banks; 9. Frost & Sullivan, Flotte Full Service Leasing 2020; 10. Asset Finance Europe 2021, Alfa System; 11. << Neo-bank » of the year 2021 prize awarded by the France Innovation division - NB: Nickel does not have the status of a credit institution BNP PARIBAS The bank for a changing world 2021 Full Year Results | 35#36GTS: A diversified model creating bridges while sustaining growth & resilience 2025 Strong focus on businesses and client franchises with leading positions CIB- cpbs -IPS- Operating Income 2021 Revenues 2021 Corporate & Institutional Banking Commercial, Personal Banking and Services¹ Commercial & Personal Banking1 Specialised Businesses Investment & Protection Services 31% €14bn 37% €17bn 18% €9bn 14% €6bn 35% €4.6bn 29% €3.8bn 19% €2.6bn 17% €2.3bn Balanced between Corporates & Optimised & segmented client coverage Leading & diversified positions Strong positions in asset-gathering Institutionals MidCaps & SMES Large Corporates Private Banking Institutionals Affluent / Mass Market Personal Finance Arval & Leasing Solutions New Digital Businesses² Insurance Wealth Management Asset Management & Real Estate³ Enhanced proximity with clients and global connectivity Strong acquisition & growth engines with international footprint 1.Including Bank of the West and 100% of Private Banking in Commercial & Personal Banking in the Eurozone, Europe-Mediterranean and the United States; 2. Including Personal Investors; 3. Including Principal Investments BNP PARIBAS The bank for a changing world 2021 Full Year Results | 36 |#372025 BNP Paribas' distinctive model has sustained its development and is fully prepared to continue to grow Despite the shock of the public health crisis and an adverse environment... Adaptation to low interest rate environment Covid-19 crisis (PMI composite¹) Strong increase in deposits Increase in bank levies (IFRIC 212) €m +33.5% €bn (OAT 10Y Euribor 3M 60 X1.4 7 1 114 އ 1.5 835 1.1 ...main 2020 targets were achieved in 2021 with only a one- year shift 40 0.47 0.13 US 0.81 0.78 -0.15 20 China -0.27 -0.33 -0.32 -0.36 -0.42 2016 2017 2018 2019 2020 0 Jan 20 Oct 19 Jul 19 Jan 19 Apr 19 Eurozone Jan 21 Oct 20 Jul 20 Apr 20 Global Apr 21 Jan 22 Oct 21 Jul 21 31.12.16 31.12.21 2016 2021 Target: 12% Target³: 10% Target: 50% CET1 ROTE 31.12.21: 12.9% 2021: 10% Pay-out ratio 2021: 60%4 2021 Full Year Results | 37 | 1. Trend in economic activity, source: Markit, BNP Paribas; 2. Taxes and contributions based on the application of IFRIC 21 "Taxes", including the contribution to the Single Resolution Fund; 3. As revised in 2019 in a context of dropping interest rates, and a lower-for-longer interest rate environment; 4.Including the €900M share buyback program executed in 4Q21 and subject to the approval of the Annual General Meeting on 17 May 2022 BNP PARIBAS The bank for a changing world#382025 BNP Paribas will continue to benefit from its distinctive model GT in a context of economic recovery with still some short-term pressures Economic normalisation post-2021 rebound Conservative assumption of a limited rise in interest rates GDP growth (%)¹: normalisation after the 2021 rebound Inflation 1: contained & steady Interest rates 1: limited rise in the period in Europe up to 2025 In % 6.1 In % 10Y, in % 2.05 2.10 2.10 1.81 4.2 4.7 1.42 1.40 2.2 1.9 2.2 2.0 1.15 1.8 0.96 1.36 2.1 2.0 0.68 0.80 1.8 2.1 0.88 1.8 ◆ 2.0 1.8 1.4 1.3 1.4 1.4 0.16 0.18 0.38 0.35 0.35 1.9 1.2 00 1.4 1.0 0.24 -0.09 0.06 2021 -UK ... US Eurozone 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 -UK (CPI) ....US-Eurozone A scenario based on assumptions opening additional growth potential 1. Internal assumptions used for the plan BNP PARIBAS The bank for a changing world 2021 Full Year Results | 38#39GTS 2025 Growth, Technology & Sustainability 2025 Uniquely positioned to deliver profitable growth Leverage the strength of the leading platforms in Europe... ...strategically aligned to serve clients & partners... ...with the full benefit of the integrated & transformed operating model Technology & industrialisation at the heart of the model Deployment of sustainable finance and ESG at scale Development of employees potential & engagement Foster organic growth in a disciplined manner Gain market shares at marginal cost Revenue growth > Cost growth Create & develop new opportunities Revenue growth > RWA growth1 Generate substantial economies of scale ROTE 2025 > 11%² 1. Risk-weighted-assets, Basel 3 (CRR2) fully loaded; 2. Return on Tangible Equity, Basel 3 finalised (CRR3) fully loaded BNP PARIBAS The bank for a changing world 2021 Full Year Results | 39#40၆ 2025 BNP Paribas' ambitions for 2025 2022-2025 financial objectives in brief Pursue an ambitious and disciplined growth 2025 Revenues CAGR 2021-20251 >+3.5% ROTE² >11% CET1 Basel 3 finalised (CRR3) fully loaded 2024: 12.9% Basel 3 (CRR2) fully loaded 2025: 12.0% Basel 3 finalised (CRR3) fully loaded Jaws effect Average 21-253 >+2.0 pts RWA CAGR 2021-20251 ~+3,0% Basel 3 (CRR2) fully loaded 60% Pay-out With a minimum of 50% in cash4 Transformation & investments driven by business lines on a self-funded basis Ramp-up of SRF (Single Resolution Fund) completed as of 2023 & expected stabilization of similar contribution to local levies at €200m per year from 2024 BNP PARIBAS 1. At constant perimeter (including or excluding Bank of the West); 2. Return on Tangible Equity; 3. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses ; 4. Subject to the approval of the Annual General Meeting; The bank for a changing world 2021 Full Year Results | 40 |#41Commercial, Personal Banking and Services - 2025 vision GT Performing and Nimble Bank & Services, Trusted Companions, 2025 for & beyond banking, in the best interests of customers & society Further improvement in recommendation from our customers & employees A client-centric organisation powered by agile ways of working and empowered teams enriched by more diverse profiles An industrialised & resilient operating model E/E simplification & industrialisation of processes powered by digitalisation & new technologies Optimisation through 'Make, CLIENTS & EMPLOYEES Buy, Share' approach Reliability and security Further development of remote working A simplified and broadened products & services offering Innovative solutions enriched for & beyond banking Enrich & develop our offering in transaction banking & innovative payments Accelerate transformation of deposits into savings Sustainability: new business models & broadened offering Digitalised & enhanced customer journeys Cross business & revenue synergies A client relationship supported by a new balance between Human & Digital An Enriched digital experience (conversational, selfcare & remote sales) A Relationship Manager as a trusted companion, powered by enhanced expertise & digital tools Commercial set-up and service models adapted to client value Omnichannel & personalised customer relationship powered by Al and tech A shared vision to support business lines' specific growth ambitions A successful & ongoing transformation paving the way for further optimisation Pooled expertise, platforms & IT assets to accelerate and unlock synergies BNP PARIBAS The bank for a changing world 2021 Full Year Results | 41#42GTS2 2025 Commercial, Personal Banking and Services - 2025 strategic plan A clear path for growth Accelerating the transformation, leveraging on the strengths & leading positions to build a stronger model and respond to headwinds Accelerate the strong profitable growth of our Specialised businesses Specialised businesses 33% Commercial & Personal Banking 67% Revenues breakdown as of 2021 Strengthen our leading positions in the Corporate and Private Banking segments in Europe Engage a strategic repositionning of retail activities through increased segmentation & changes in the operating model Ongoing efficiencies enabling to reduce costs & finance new initiatives BNP PARIBAS • • 2025 targets¹ Revenues: CAGR 21-25 ~+5% 2021 C&P banking CAGR: +3.5% (~+1.5% in the Eurozone) Specialised businesses CAGR: +8% 2025 Double-digit growth in fee generation Disciplined growth in loans outstanding CAGR 21-25: ~+5% Conservative assumptions on interest rates Average jaws effect 21-252 ~+3 pts RONE growth 21-253 >+3.5 pts 1. Excluding Bank of the West and including 100% of Private Banking in Commercial & Personal Banking in the Eurozone, Europe Mediterranean; 2. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 3. Return on Notional Equity; Basel 3 (CRR2) fully loaded The bank for a changing world 2021 Full Year Results | 42#43Investment & Protection Services - 2025 vision GTS2 Become a reference European player in protection, savings and 2025 • sustainable investments Full-fledged offering and distribution network Widened range & complete suite of solutions and geographical coverage Fully activated Private Assets franchise Increased distribution through Group's networks and external partnerships, including new players & platforms Consolidated leadership in sustainability A trusted Sustainability advisor, a reference in methodology & stewardship A "best-in class” range of Sustainability services & products A pioneer in Real Estate with positive impact (developing, servicing & managing spaces) to create the new standards of sustainable urban planning Digital, agile, efficient and tech-savvy businesses Seamless customer journeys for savings products and services implemented with Group's networks "Plug & play" product offering deployed to third-party partners through APIs Data from all touch points leveraged to design value-adding & innovative product offerings Largely automated processes & efficient organisations enabling self funded tech transformation BNP PARIBAS CARDIF The insurer for a changing world The multi-partnerships reference insurer in Savings & Protection BNP PARIBAS WEALTH MANAGEMENT The reference Private Bank for Financial Savings in Europe The preferred bank for Entrepreneurs & Families across Europe & Asia BNP PARIBAS ASSET MANAGEMENT The European sustainable asset manager of reference BNP PARIBAS REAL ESTATE The European real estate services multi specialist with differentiated pockets of excellence BNP PARIBAS The bank for a changing world 2021 Full Year Results | 43#44Investment & Protection Services - 2025 Strategic plan GTS Foster growth across Business Lines, through enhanced solutions 2025 to clients & distributors 3 strategic pillars to strengthen positions and capture new growth Accelerate in Financial Savings Capture growth in Private Assets . From a transactional approach to a holistic & systematic support of client needs "Best of breed" between strong human relationships and digital processes & channels A transversal franchise leveraging on BNPP1 expertise & assets & meeting investors needs 2025 targets³ Revenues: CAGR 21-25 +4.5% WAM4 Insurance CAGR: ~+2.0% CAGR: -+6.0% Strengthen leadership in Sustainability Build differentiated product and service capabilities to support clients in their ambitions 2021 • Further integrate ESG2 approaches 4 key levers to unleash the full potential of the integrated model and platforms Make the most of Integrated model Move to the next level in digitalisation, Data & Al 2025 Sustained growth in Assets Under Management CAGR 21-25: ~+6% Average jaws effect 21-255 RONE growth6 21-25 >+6.5 pts ~+1.5 pts Keep deploying New ways of working * Keep optimizing Operating model • Convergence of Insurance PBT under IFRS 4 & IFRS 17 in 2025 1. Leveraging particularly Principal Investments integrated in the IPS scope; 2. Environmental, Social and Governance; 3. Excluding Bank of the West; 4. Wealth Management, Asset Management, Real Estate, Principal Investment; 5.CAGR 21-25 on revenues minus CAGR 21-25 on Operating Expenses; 6. Return on notional Equity, Basel 3 (CRR2) fully loaded BNP PARIBAS The bank for a changing world 2021 Full Year Results | 44#452025 Corporate & Institutional Banking - 2025 Vision Be the Europe-based preferred partner for clients for the long-term Building on BNP Paribas' integrated model, tech platforms and sustainability leadership VISION STRATEGY KEY LEVERS & INITIATIVES • • . The first Europe-based among global Tier 1 CIBs, trusted advisor in Sustainability Consolidate Top 3 position in EMEA Bank of reference for EMEA clients across the 3 regions European bank of reference for American & Asian clients Leader in Sustainability and technological platforms Pursue our strategy more relevant than ever Leveraging on the diversified and integrated model of the Bank Providing the bridge between corporate and institutional clients Gaining market shares as market further consolidates Core assets #1 go-to partner for ESG1 transition Tech platforms at the next level • Pursue & deepen Operating model & efficiency . • Integrated model Transforming initiatives Building a strong Equity House • Cross-regional acceleration • 2025 roadmap Deliver the full potential of our distinctive integrated model Above-market increase in revenues Positive jaws effect Continuous improvement of financial resources Revenue growth >RWA² growth One step further in the continuity of our long-term ambition BNP PARIBAS The bank for a changing world 1. Environemental, Social and Governance 2. Risk-Weigthed Assets; Basel 3 (CRR2) fully loaded 2021 Full Year Results | 45#46GS 2025 Corporate & Institutional Banking – 2025 Strategic plan - A CIB at scale, building on BNP Paribas' strengths, delivering strong profitability #1 go-to partner for ESG transition ៩ Tech platforms at the next level Build on core assets • • Low Carbon Transition Group NZBA / PACTA1 ambition ESG solutions across businesses Next level Client platforms Data & Al for automation & insights New business models (e.g. digital assets) Pursue and deepen on key structural levers Operating model and efficiency Full potential of the integrated model Strong IT platforms and industrialisation Smart sourcing and mutualisation Next ways of working Global Capital Markets roll-out Next level cooperation with Specialised businesses, Wealth & Asset Management, Cardif Step-up with key transforming initiatives Equity House • • Cross-regional acceleration . • Full-fledged Global Equities Global investors & Private Capital acceleration Sectors, Innovative companies and Advisory Cross-regional partner for multinational corporations Global Transaction Banking for all BNPP clients Platforms deployed at global scale 2025 targets Revenues: CAGR 21-25 ~+3% 2021 Securities Global Services Global Markets ~+2.5% Banking +4.0% ~+1.5% Average Jaws effect 21-252 ~+2 pts 2025 RONE Growth³ 21-25 >+3 pts 1. NZBA: Net Zero Banking Alliance, PACTA: Paris Agreement Capital Transition assessment; 2. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 3. Return on Notional Equity; Basel 3 (CRR2) fully loaded BNP PARIBAS The bank for a changing world 2021 Full Year Results | 46#47GTST 2025 Technology & industrialisation, key pillars & cornerstones of operational efficiency improvement Digitalisation of processes Standardisation & automation Sourcing Economies of scale Investment control Other levers: • optimisation of the set-up • ambition in procurement Important levers, successfully deployed at BNP Paribas, contributing to operational efficiency and enhanced client & employee experience Net Cost savings C/I ratio commercial efficiency & digitalisation of the customer relationship • management culture Efficiencies €3.1bn €2.7bn 69.4% 67.3% 2017 2021 2020 plan target Achieved Large digitalisation of client interactions¹ x2 at CIB1 x3 at Domestic Markets¹ Intensive usage of Al 52% of use cases dedicated to operational efficiency "Make / Buy / Share" strategy Service centers on pooled technology Unified payment factories Pooling of ATM networks Gradual deployment of smart sourcing 18,300 FTEs at the end 20212 1. On CIB: montlhy connexions to Centric between 2016 and 2021, On DM: monthly connections on average in 4Q21 vs 4Q17; scope: individual, small business & private banking customers of DM networks or digital banks (incl. Germany) and Nickel- on avergae in 4Q; 2. Shared Service Centers (Portugal, India and Canada) BNP PARIBAS The bank for a changing world 2021 Full Year Results | 47#482025 Technology & industrialisation, key pillars & cornerstones of operational efficiency improvement Positive jaws effects through 2021-2025 period Significant improvement in cost / income ratio in all divisions cpbs IPS CIB Average Jaws effect 2021-20251 >+2% Business transformation & related investments a self-funded by business lines C/I ratio² C/I ratio³ C/I ratio 66.5% -60% 65.0% 65.2% -62% -58% 2021 2025 target 2021 2025 target 2021 2025 target Extensive use of Al, data and robotics Smart sourcing & roll-out of service centers Strong development in the secure use of cloud technologies Amplification of the use of the "Make / Buy / Share" strategy Broad APIsation of the information system Accelerated convergence of European technological platforms Stable envelope at Group level to cover IT reinforcement, adaptation and restructuration costs (€400m yearly average) offset by capital gains 1. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 2. Excluding Bank of the West and including 100% of Private Banking in the Commercial & Personal Banking in the Eurozone, Europe Mediterranean; 3. Excluding Bank of the West BNP PARIBAS The bank for a changing world 2021 Full Year Results | 48#49GS 2025 CO₂ Sustainable finance & ESG1 - 2025 strategic plan Accelerating on the implementation of our commitments Aligning our portfolios with our carbon neutrality commitment Engaging with clients to support them in the transition towards a sustainable and low-carbon economy Strengthening steering tools, processes and set-ups ■ ☐ 3 strategic pillars Trajectory for a reduction in CO2 emissions corresponding to financing of the sectors with the highest levels of emissions (NZBA) Aligning the objectives of our business lines with shared objectives by sectors taking into account client transition → New commitment and an alignment report to be published in 1Q22 → Publication of financed emissions (scope 3) in late 2022 Mobilisation of the integrated model and all business lines in support of clients Low Carbon Transition Group, an organisation of 250 professionals dedicated to support clients in accelerating their transition Pooling and promoting the Group's technical expertise via NEST, the in-house network of experts Accelerated industrialisation and strengthened governance directly supervised by the CEO Steering tools to support evolving needs (of clients and regulators) and standards Sustainable finance training provided to each employee thanks to the Sustainability Academy → Priorities that are deeply embedded in the specific objectives of each of our businesses 1. Environemental, Social and Governance BNP PARIBAS The bank for a changing world 2021 Full Year Results | 49#50၆ 2025 Sustainable finance & ESG - 2025 strategic plan Group mobilisation Mobilising our distinctive model, with five priority areas aligned with our clients' objectives and the United Nations SDGs¹ → €350bn mobilised between now and 2025 through loans and sustainable bonds issuances, related to environmental and social topics² → €300bn in sustainable and responsible investments managed in 20253 Sustainable savings, investments and financing Foster sustainable savings development and steering clients' investment decisions towards positive environmental and social impacts Circular economy Encourage clients' transition to circular models by financing adaptation of supply chain & production models Transitioning towards carbon neutrality Foster our client's transition towards low carbon and more efficient energy systems and addressing their massive financing needs in this area in particular through the access to capital markets Natural capital & biodiversity Orchestrate & promote development of solutions contributing to terrestrial & marine biodiversity conservation Combatting exclusion Develop accessible financial services, promote female entrepreneurship, a positive-impact economy, and equal job opportunities for young people 1. Sustainable Development Goals; 2. Loans to companies, institutionals and individuals covering environmental and social issues and annual sustainable bonds issuances; 3. BNP Paribas Asset management European open funds classified open Articles 8 and 9 as defined by SFDR BNP PARIBAS The bank for a changing world 2021 Full Year Results | 50#51New reporting structure aligned with the organisational set up in 2021 & GT2s enriched disclosure 2025 Current reporting structure as of 2021 French Retail Belgian Retail Domestic Markets (DM) Banking (FRB) Banking (BRB) Other Domestic Markets New reporting structure from 1Q22 (ex BRB) Luxembourg Belgium BNL bc Commercial, Personal Banking & Services (CPBS) Commercial & Personal Banking France (ex FRB) Italy (BNL bc.) (ex LRB) Europe Med. BancWest Arval, Leasing solutions, New Digital Businesses (incl. Nickel, Lyf), Personal Investors, Luxembourg Retail Banking (LRB) BancWest International Europe Mediterranean Financial Services (IFS) Corporate & Institutional BNPP Personal Finance Insurance Wealth Management, Asset Management, Real Estate Corporate Banking Global Markets Investment & Protection Services (IPS) Corporate & Institutional Banking (CIB) Securities Services Other Corporate Centre Activities (incl. Principal Investments) BNP PARIBAS Banking (CIB) Other Activities The bank for a changing world Specialised Arval & Leasing Solutions BNPP Personal Finance Businesses New Digital Businesses, Personal Investors Insurance Wealth Management Asset Management, Real Estate, Principal Investments Global Banking Global Markets Securities Services Corporate Centre (excl. Principal Investments) 2021 Full Year Results | 51#52GTS 2025 BNP Paribas has demonstrated the ability to capture growth Robust financial targets well balanced per business 2025 targets cpbs iPS2 CIB Revenues ~+5% ~+4.5% ~+3% CAGR 21-25 Average Jaw Effect ~+3 pts ~+1.5 pt ~+2 pts 21-253 RONE4 Growth 21-25 >+3.5 pts >+6.5 pts >+3 pts • • • Maintained revenue balance between businesses Material C/I improvement sustained by all divisions Maintained RWA4 balance between businesses Growth cycle reaching >11% ROTE5 in 2025, above the cost of equity Material RONE4 improvements in all divisions Revenue growth > Cost growth Revenue growth > RWA growth4 1. Excluding Bank of the West and including 100% of Private Banking in Commercial & Personal Banking in the Eurozone and Europe Mediterranean; 2. Excluding Bank of the West; 3.CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 4. Basel 3 (CRR2) fully loaded; 5. Basel 3 finalised (CRR3) fully loaded BNP PARIBAS The bank for a changing world 2021 Full Year Results | 52#53BNP Paribas is ready to deliver profitable growth GT and increase its pay-out ratio 2025 With its current level of CET1 and growth delivering a ROTE>11% in 2025, the Group is ready to: absorb the implementation of the upcoming Basel 3 finalisation (CRR3) fully loaded (estimated at +8% on RWAs², fully loaded in 2025) fuel profitable growth, with RWA growth² < Revenue growth, with a balance between businesses maintained structurally increase the pay-out ratio to 60%, with a minimum 50% paid in cash³ 12.9% 31.12.21 (Phased in) Distribution (60%) & AT1 Net Income Business growth & other impacts (40%) 12.9% Basel 3 finalisation (fully loaded) 12.0% Forecast 31.12.24 Forecast 31.12.25 CET1 target 12.9%4 at the end of 2024 12.0%5 at the end of 2025 Increased ordinary pay-out ratio 60% with a minimum of 50% paid in cash³ Basel 3 (CRR2) fully loaded Basel 3 finalised (CRR3) fully loaded 1. Return on Tangible Equity; Basel 3 finalised (CRR3) fully loaded; 2. Risk Weighted Assets; Basel 3 (CRR2) fully loaded; 3. Subject to the approval of the Annual General Meeting; 4. Basel 3 (CRR2) fully loaded; 5. Basel 3 finalised (CRR3) fully loaded BNP PARIBAS The bank for a changing world 2021 Full Year Results | 53#54GTS Solid financial structure 2025 2024 targets¹ 2025 targets¹ 12.9% 12.0% CET1 ratio Basel 3 (CRR2) fully loaded Basel 3 finalised (CRR3) fully loaded 17.1% 15.9% Total Capital Basel 3 (CRR2) fully loaded Basel 3 finalised (CRR3) fully loaded TLAC Leverage ratio 29.3% of RWA Basel 3 (CRR2) fully loaded 27.2% of RWA Basel 3 finalised (CRR3) fully loaded 4.2%² End of Period 1. Trajectories based on expected regulatory constraints and an estimated impact of the finalisation of Basel 3 (CRR3) of +8% on RWAs; 2. With an objective of 4.1% on an average basis BNP PARIBAS The bank for a changing world 2021 Full Year Results | 54#55BNP Paribas - 2025 Strategic plan 2025 Strong ambitions Net Income, Group Share CAGR 2021-2025 >+7%¹ CAGR >+3.5% Average jaws effect >+2.0%² ~40 bp Tax rate -28% 2021 Revenues Costs Cost of risk Non-operating items & others Tax 2025 + Further increase in Earnings Per Share with the use of the remaining proceeds following the sale of Bank of the West³ 1. At constant perimeter (including or excluding Bank of the West); 2. CAGR 21-25 Revenues minus CAGR 21-25 Operating Expenses; 3. Closing expected late 2022; see press release of 20 December 2021 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 55 |#562025 Agreement with BMO for the sale of Bank of the West (BoW) An operation leading to strong value-creation Announcement on 20 December 2021 of the sale to BMO Financial Group of 100% of BNP Paribas' retail & commercial banking activities in the United States conducted through Bank of the West¹ Total consideration of $16.3bn (~€14.4bn¹), to be paid in cash at the closing of the transaction, expected late 2022 Extraordinary distribution in the form of share buybacks to compensate the expected dilution of the earnings per share in the months following the closing of the transaction Reminder¹ 1.72x P/TBV 20.5% of BNP Paribas' market cap A one-off capital gain estimated at €2.9bn² CET1 impact estimated at ~170bp, €11bn in capital release, ~110bp net of estimated share buybacks¹ • • Gradual and disciplined redeployment of the capital released within BNP Paribas' integrated and diversified model Acceleration in organic growth, in particular in Europe Targeted investments in technologies and innovative business models Bolt-on acquisitions in value-added businesses, in line with the strategy of the business Target: an additional increase in earnings per share of more than 5% by 2025 1. As of 17 December 2021 - See press release of 20 December 2021; Subject to the usual suspensive conditions, including approval by the relevant supervisory and competition authorities; 2. Net of tax BNP PARIBAS The bank for a changing world 2021 Full Year Results | 56#57BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#58Conclusion BNP PARIBAS A strong and distinctive business model Net income¹ 2021: €9,488m (+34.3% vs. 2020) 2021 ROTE: 10.0% CET1 ratio: 12.9% 2021 pay-out ratio 60% (50% in cash², 10% in share buybacks³) Launch of the new strategic plan Growth, Technology & Sustainability 2025 Strengthening BNP Paribas' unique positioning by leveraging on the strength of platforms & client franchises Technology & industrialisation at the heart of our model Deployment of sustainable finance and ESG at scale Development of employee potential & engagement 1. Group share; 2. Subject to the approval of the General Meeting of the 17 May 2022; 3. Share buyback programme totalling €900m executed in 4Q21 The bank for a changing world 2021 Full Year Results | 58#59GS 2025 BNP Paribas' ambitions for 2025 2022-2025 financial objectives in brief Pursue an ambitious and disciplined growth Revenues CAGR 2021-20251 >+3.5% CAGR 2021-20251 Net income³ CET1 >7% 2024: 12.9% Basel 3 (CRR2) fully loaded 2025: 12.0% Basel 3 finalised (CRR3) fully loaded Jaws effect Average 2021-20252 >+2.0 pts 2025 >11% 60% ROTE Basel 3 finalised (CRR3) fully loaded Pay-out ratio With a minimum of 50% in cash4 Objective of additional >5% EPS growth through the gradual redeployment of capital release following the sale of Bank of the West5 1. At constant perimeter (including or excluding Bank of the West); 2. CAGR 2021-25 of revenues less CAGR 2021-25 of operating expenses; 3. Group share; 4. Subject to the approval of General Meeting 5. Closing expected late 2022; see press release of 20 December 2021 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 59#60BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#61Main exceptional items - 4Q21 Exceptional items Revenues 4Q21 4Q20 • Accounting impact of a swap set up for the transfer of an activity (Corporate Centre) Operating expenses Restructuring costs¹ and adaptation costs² (Corporate Centre) -€104m Total exceptional revenues -€104m IT reinforcement costs (Corporate Centre) -€61m -€21m -€91m -€59m Donations and staff safety measures relating to the health crisis (Corporate Centre) - €24m Total exceptional operating expenses -€82m -€175m Other non-operating items • Capital gain on the sale of buildings (Corporate Centre) Impairments (Corporate Centre) +€184m +€193m +€75m -€130m Capital gain related to Allfunds (Corporate Centre) +€371m Total exceptional other non-operating items +€259m +€434m Total exceptional items (pre-tax) +€177m +€155m Total exceptional items (after tax)³ +€172m +€166m BNP PARIBAS 1. Related to the restructuring of certain businesses (in particular at CIB); 2. Related in particular to Wealth Management and CIB; 3. Group share The bank for a changing world 2021 Full Year Results | 61#62Groupe BNP Paribas - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m Group Revenues Operating Expenses and Dep. 4Q20 3Q21 2020 11,232 10,827 +3.7% 11,398 -1.5% 46,235 44,275 +4.4% -7,930 -7,562 +4.9% -7,412 +7.0% -31,111 -30,194 +3.0% Gross Operating Income 3,302 3,265 +1.1% 3,986 -17.2% 15,124 14,081 +7.4% Cost of Risk -510 -1,599 -68.1% -706 -27.8% -2,925 -5,717 -48.8% Operating Income 2,792 1,666 +67.6% 3,280 -14.9% 12,199 8,364 +45.9% Share of Earnings of Equity-Method Entities 138 68 n.s. 131 +5.3% 494 423 +16.8% Other Non Operating Items 240 496 -51.6% 39 n.s. 944 1,035 -8.8% Non Operating Items 378 564 -33.0% 170 n.s. 1,438 1,458 -1.4% Pre-Tax Income 3,170 2,230 +42.2% 3,450 -8.1% 13,637 9,822 +38.8% Corporate Income Tax -759 -558 +36.0% -836 -9.2% -3,757 -2,407 +56.1% Net Income Attributable to Minority Interests -105 -80 +31.3% -111 -5.4% -392 -348 +12.6% Net Income Attributable to Equity Holders Cost/income 2,306 1,592 +44.9% 2,503 -7.9% 9,488 7,067 +34.3% 70.6% 69.8% +0.8 pt 65.0% +5.6 pt 67.3% 68.2% -0.9 pt Corporate income tax: average rate of 28.7% in 2021 (25.6% in 2020) Operating divisions: (2021 vs. 2020) Revenues Operating expenses At historical scope & exchange rates At constant scope & exchange rates (4Q21 vs. 4Q20) Revenues Operating expenses At historical scope & exchange rates At constant scope & exchange rates ETT ETT Gross Operating Income Cost of Risk Operating Income Pre-Tax income -50.9% -50.4% +32.7% +37.2% +32.9% +36.8% Gross Operating Income Cost of Risk Operating Income Pre-Tax income -67.1% +36.6% +33.9% -67.2% +39.2% +39.5% BNP PARIBAS The bank for a changing world 2021 Full Year Results | 62#63Retail Banking & Services - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm 4Q20 3Q21 2020 Revenues 7,944 7,753 +2.5% 7,798 +1.9% 31,487 30,870 +2.0% Operating Expenses and Dep. -5,311 -5,089 +4.4% -4,986 +6.5% -20,705 -20,384 +1.6% Gross Operating Income 2,633 2,664 -1.2% 2,812 -6.4% 10,782 10,486 +2.8% Cost of Risk -597 -1,137 -47.5% -641 -7.0% -2,600 -4,221 -38.4% Operating Income 2,037 1,527 +33.4% 2,171 -6.2% 8,183 6,265 +30.6% Share of Earnings of Equity-Method Entities 128 56 n.s. 110 +16.4% 444 358 +24.1% Other Non Operating Items -8 66 n.s. 100 n.s. 145 72 n.s. Pre-Tax Income 2,156 1,649 +30.7% 2,380 -9.4% 8,772 6,695 +31.0% Cost/Income 66.9% 65.6% +1.3 pt 63.9% +3.0 pt 65.8% 66.0% -0.2 pt Allocated Equity (bn) 54.8 55.3 -1.1% BNP PARIBAS The bank for a changing world 2021 Full Year Results | 63#644Q21 - Domestic Markets 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021/ Єm 4Q20 3Q21 2020 Revenues 4,130 3,976 +3.9% 4,112 +0.4% 16,275 15,477 +5.2% Operating Expenses and Dep. -2,691 -2,610 +3.1% -2,595 +3.7% -10,784 -10,568 +2.0% Gross Operating Income 1,440 1,366 +5.4% 1,518 -5.1% 5,491 4,909 +11.8% Cost of Risk -243 -458 -47.0% -343 -29.3% -1,185 -1,456 -18.6% Operating Income 1,197 908 +31.8% 1,174 +1.9% 4,306 3,453 +24.7% Share of Earnings of Equity-Method Entities 1 1 n.s. 5 -71.9% 0 5 -97.4% Other Non Operating Items -5 45 n.s. 60 n.s. 62 50 +24.1% Pre-Tax Income 1,193 953 +25.1% 1,239 -3.7% 4,368 3,508 +24.5% Income Attributable to Wealth and Asset Management -65 -64 +1.6% -64 +1.2% -245 -237 +3.3% Pre-Tax Income of Domestic Markets 1,129 890 +26.8% 1,176 -4.0% 4,123 3,271 +26.0% Cost/Income 65.1% 65.6% -0.5 pt 63.1% +2.0 pt 66.3% 68.3% -2.0 pt Allocated Equity (bn) 25.5 26.2 -2.4% Including 100% of Private Banking in France (excluding PEL/CEL effects), Italy, Belgium and Luxembourg for the Revenues to Pre-Tax Income line items Revenues: +3.9% vs. 4Q20 • Increase in the networks driven by higher fees, financial fees in particular; growth in loan activity partly offset by the impact of the low-interest-rate environment Strong increase in the specialised businesses, with a very strong increase at Arval Operating expenses: +3.1% vs. 4Q20, increase of 1.9% in the networks and 8.1% in the specialised businesses in connection with their growth – positive jaws effect (+0.8 pt) - Pre-tax income: +26.8% vs. 4Q20, impact of the lower cost of risk BNP PARIBAS The bank for a changing world 2021 Full Year Results | 64#654Q21 - DM - French Retail Banking (excluding PEL/CEL effects) 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m 4Q20 3Q21 2020 Revenues 1,602 1,516 +5.7% 1,570 +2.0% 6,240 5,944 +5.0% Incl. Net Interest Income 879 855 +2.7% 856 +2.6% 3,371 3,303 +2.1% Incl. Commissions 724 661 +9.5% 714 +1.3% 2,869 2,641 +8.6% Operating Expenses and Dep. -1,178 -1,126 +4.6% -1,129 +4.3% -4,551 -4,490 +1.4% Gross Operating Income 424 390 +8.7% 441 -3.9% 1,689 1,454 +16.2% Cost of Risk -99 -169 -41.1% -115 -13.8% -441 -496 -11.1% Operating Income 325 221 +46.8% 326 -0.4% 1,248 958 +30.3% Non Operating Items -15 40 n.s. 54 n.s. 37 38 -0.8% Pre-Tax Income 310 261 +18.8% 380 -18.3% 1,285 995 +29.1% Income Attributable to Wealth and Asset Management Pre-Tax Income -37 -36 +4.0% -36 +3.4% -136 -133 +2.0% Cost/Income 272 73.5% 225 +21.2% 343 -20.6% 1,149 862 +33.3% 74.3% -0.8 pt 71.9% +1.6 pt 72.9% 75.5% -2.6 pt Allocated Equity (€bn) 10.6 11.0 -3.1% Including 100% of Private Banking in France for the Revenues to Pre-Tax Income line items (excluding PEL/CEL effects)1 Revenues: +5.7% vs. 4Q20 • . Net interest income: +2.7%, increase driven by loan activity mitigated by the impact of the low-interest-rate environment Fees: +9.5%, strong increase in all fees to a level higher than in 2019, and in particular financial fees and payment and cash management fees Operating expenses: +4.6% vs. 4Q20, increase driven by the economic recovery and targeted initiatives, ongoing cost-optimisation measures - positive jaws effect (+1.1 pt) Pre-tax income: +21.2% vs. 4Q20 1. PEL/CEL effect: + €29m in 2021 (+€3m in 2020) and +€6m in 4Q21 (€0m in 4Q20) BNP PARIBAS The bank for a changing world 2021 Full Year Results | 65#66DM - French Retail Banking Volumes 4Q21 %Var/4Q20 %Var/3Q21 2021 %Var/2020 Average outstandings (€bn) LOANS 200.9 +2.2% +0.6% 199.4 +5.4% Individual Customers 107.4 +6.4% +0.9% 105.0 +6.0% Incl. Mortgages 96.3 +6.9% +1.0% 94.1 +6.5% Incl. Consumer Lending 11.0 +2.6% +0.2% 10.9 +1.9% Corporates 93.5 -2.3% +0.2% 94.4 +4.8% DEPOSITS AND SAVINGS 241.1 +6.5% +1.8% 233.5 +8.2% Current Accounts 168.4 +8.2% +2.3% 161.2 +10.3% Savings Accounts 66.8 +2.5% -0.4% 66.7 +4.1% Market Rate Deposits 5.9 +5.4% +15.3% 5.6 +0.7% €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds 31.12.21 %Var/ 31.12.20 %Var/ 30.09.21 103.8 41.9 +8.0% -1.7% +1.8% +4.5% Loans: +2.2% vs. 4Q20, increase in individual loans (mortgage loans in particular) and increase in corporate loans vs. 3Q21 Deposits: +6.5% vs. 4Q20, driven by the impact of the public health crisis Off-balance sheet savings vs. 31.12.20: strong growth in life insurance outstandings, with very good gross inflows and a decrease in mutual fund outstandings, particularly in short-term mutual funds BNP PARIBAS The bank for a changing world 2021 Full Year Results | 66#674Q21 - DM - BNL banca commerciale 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m 4Q20 3Q21 2020 Revenues 668 694 -3.8% 667 +0.2% 2,680 2,671 +0.3% Operating Expenses and Dep. -438 -434 +1.0% -449 -2.4% -1,781 -1,746 +2.0% Gross Operating Income 230 260 -11.7% 218 +5.5% 899 925 -2.8% Cost of Risk -143 -161 -11.6% -130 +9.6% -487 -525 -7.2% Operating Income 87 99 -11.9% 88 -0.6% 412 400 +3.0% Non Operating Items 0 0 n.s. 0 n.s. 0 -2 n.s. Pre-Tax Income 87 99 -11.8% 88 -0.5% 412 398 +3.5% Income Attributable to Wealth and Asset Management -9 -9 -0.9% -8 +18.2% -36 -35 +2.0% Pre-Tax Income of BNL bc Cost/Income 78 65.6% 90 -12.9% 80 -2.3% 376 363 +3.7% 62.5% +3.1 pt 67.3% -1.7 pt 66.4% 65.4% +1.0 pt Allocated Equity (bn) 5.3 5.3 +0.2% Including 100% of Private Banking in Italy for the Revenues to Pre-Tax Income line items Revenues: -3.8% vs. 4Q20 • Net interest income: -10.7%, impact of the low-interest-rate environment partly offset by higher loan volumes Fees: +6.5%; increase driven mainly by the expansion in transaction activity and financial savings Operating expenses: +1.0% vs. 4Q20; increase driven mainly by targeted initiatives, partly offset by the impact of adaptation measures (the "Quota 100” retirement plan) Pre-tax income: -12.9% vs. 4Q20 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 67#68DM-BNL banca commerciale Volumes 4Q21 %Var/4Q20 %Var/3Q21 2021 %Var/2020 Average outstandings (€bn) LOANS 78.4 +0.5% +2.4% 77.1 +1.5% Individual Customers 40.9 +1.4% -0.4% 40.8 +3.2% Incl. Mortgages 26.5 +4.0% +0.6% 26.2 +3.2% Incl. Consumer Lending 4.7 -1.0% -2.1% 4.8 -0.2% Corporates 37.6 -0.4% +5.5% 36.2 -0.3% DEPOSITS AND SAVINGS 62.1 +8.7% +5.5% 59.3 +12.3% Individual Deposits 39.3 +9.9% +2.2% 38.0 +12.1% Incl. Current Accounts 39.1 +10.1% +2.2% 37.8 +12.2% Corporate Deposits 22.8 +6.6% +11.6% 21.3 +12.8% 31.12.21 €bn %Var/ 31.12.20 %Var/ 30.09.21 OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds 25.7 18.0 +7.3% +14.1% +3.5% -2.9% Loans: +0.5% vs. 4Q20, +3.4% vs. 4Q20 excluding non-performing loans Deposits: +8.7% vs. 4Q20, growth in sight deposits in all customer segments Off-balance sheet savings: +10.0% vs. 31.12.20, strong increase in mutual fund outstandings, driven mainly by favourable market trends and an increase in life insurance outstandings BNP PARIBAS The bank for a changing world 2021 Full Year Results | 68#694Q21-DM-Belgian Retail Banking 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Non Operating Items Pre-Tax Income Income Attributable to Wealth and Asset Management Pre-Tax Income of BDDB Cost/Income 4Q20 3Q21 2020 -540 * * * * * ~ * 854 861 -0.8% 933 -8.5% 3,509 3,432 +2.2% -556 -2.8% -511 +5.7% -2,375 -2,408 -1.4% 314 305 +2.9% 422 -25.6% 1,135 1,024 +10.8% 28 -67 n.s. -36 n.s. -99 -230 -56.8% 342 238 +43.7% 386 -11.6% 1,035 794 +30.3% 2 9 -76.9% 11 -80.1% 19 31 -39.5% 344 247 +39.1% 397 -13.4% 1,054 826 +27.7% -17 -8.6% -18 -11.4% -65 -64 +1.9% 328 63.3% 230 +42.7% 379 -13.5% 989 762 +29.8% 64.6% -1.3 pt 54.8% +8.5 pt 67.7% 70.2% -2.5 pt Allocated Equity (bn) 5.3 5.4 -3.1% Including 100% of Private Banking in Belgium for the Revenues to Pre-Tax Income line items Revenues: -0.8% vs. 4Q20 • Net interest income: -3.8% vs. 4Q20, impact of the low-interest-rate environment partly offset by growth in lending activities • Fees: +6.3% vs. 4Q20, increase in financial fees in particular Operating expenses: -2.8% vs. 4Q20, impact of cost-reduction and branch-optimisation measures; very positive jaws effect (+2 pts) Pre-tax income: +42.7% vs. 4Q20, impact of the decrease in cost of risk, mainly in stages 1 and 2 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 69#70DM - Belgian Retail Banking Volumes 4Q21 %Var/4Q20 %Var/3Q21 2021 %Var/2020 Average outstandings (€bn) LOANS 120.1 +4.9% +1.5% 117.3 +2.4% Individual Customers 76.4 +3.5% +1.1% 75.2 +2.8% Incl. Mortgages 55.6 +3.2% +1.0% 54.9 +2.6% Incl. Consumer Lending 0.3 +39.9% -3.5% 0.3 +13.2% Incl. Small Businesses 20.5 +4.1% +1.6% 20.1 +3.1% Corporates and Local Governments 43.7 +7.5% +2.1% 42.1 +1.7% DEPOSITS AND SAVINGS 147.4 +4.6% +0.4% 146.2 +6.0% Current Accounts 68.2 +6.7% +1.6% 67.0 +9.3% Savings Accounts Term Deposits 76.9 +3.1% -0.6% 76.9 +3.7% 2.3 -1.7% -0.2% 2.3 -8.8% €bn OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds 31.12.21 %Var/ 31.12.20 %Var/ 30.09.21 24.6 42.3 +2.0% +0.4% +17.5% +4.0% Loans: +4.9% vs. 4Q20, growth in all customer segments Deposits: +4.6% vs. 4Q20, growth in all customer segments Off-balance sheet savings: +11.3% vs. 31.12.20, growth in mutual fund outstandings, driven mainly by favourable market trends and net inflows BNP PARIBAS The bank for a changing world 2021 Full Year Results | 70#71DM - Other Activities - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk 4Q20 3Q21 2020 1,006 905 +11.2% 942 +6.8% 3,846 3,430 +12.1% -534 -494 +8.1% -506 +5.7% -2,078 -1,923 +8.1% 472 411 +14.9% 436 +8.1% 1,768 1,507 +17.4% -28 -61 -53.1% -62 -54.3% -157 -205 -23.4% Operating Income 443 350 +26.6% 374 +18.5% 1,611 1,301 +23.8% Share of Earnings of Equity-Method Entities 0 -3 -95.6% 0 n.s. -4 -12 -67.3% Other Non Operating Items 9 -1 n.s. 0 n.s. 10 0 n.s. Pre-Tax Income 452 346 +30.5% 375 +20.6% 1,617 1,289 +25.4% Income Attributable to Wealth and Asset Management -2 -1 n.s. -2 +10.7% -8 -5 +70.1% Pre-Tax Income of other DM Cost/Income 450 53.1% 345 +30.3% 373 +20.7% 1,608 1,284 +25.3% 54.6% -1.5 pt 53.7% -0.6 pt 54.0% 56.1% -2.1 pt Allocated Equity (bn) 4.3 4.5 -3.1% Including 100% of Private Banking in Luxembourg for the Revenues to Pre-Tax Income line items • • Revenues: +11.2% vs. 4Q20 Strong increase driven by the strong growth at Arval, the very good performance of Leasing Solutions and Nickel, and the stabilisation of Personal Investors revenues at a high level Very good growth in Luxembourg Retail Banking, driven by higher fees Operating expenses: +8.1% vs. 4Q20 Increase driven by expanded activity and targeted initiatives Very positive jaws effect (+3.1 pts) Pre-tax income: +30.3% vs. 4Q20 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 71#72DM-LRB - Personal Investors Luxembourg Retail Banking (LRB) 4Q21 %Var/4Q20 %Var/3Q21 2021 %Var/2020 Average outstandings (€bn) LOANS 12.4 +6.7% +1.3% 12.1 Individual Customers 7.9 +5.6% +0.9% 7.8 Corporates and Local Governments 4.5 +8.7% +2.0% 4.4 DEPOSITS AND SAVINGS 29.3 +17.0% +3.2% 28.0 Current Accounts 18.8 +22.6% +5.2% 17.7 Savings Accounts 8.9 +1.9% +0.1% 8.9 Term Deposits 1.6 +65.9% -2.0% 1.4 +6.1% +6.6% +5.1% +16.2% +27.9% -0.6% +5.9% %Var/ %Var/ 31.12.21 €bn 31.12.20 30.09.21 OFF BALANCE SHEET SAVINGS Life Insurance Mutual Funds Personal Investors 1.1 2.3 +2.8% +21.5% +0.3% +5.0% 4Q21 %Var/4Q20 %Var/3Q21 2021 %Var/2020 Average outstandings (€bn) LOANS DEPOSITS 0.7 29.9 +34.9% +17.6% +8.5% +5.0% 0.6 27.9 +21.9% +11.8% %Var/ %Var/ 31.12.21 €bn 31.12.20 30.09.21 ASSETS UNDER MANAGEMENT European Customer Orders (millions) 163.3 11.8 +28.3% +14.6% +1.4% +9.8% BNP PARIBAS The bank for a changing world Loans: +6.7% vs. 4Q20, good growth in individual and corporate loans, mortgage in particular, with a sustained business drive Deposits: +17.0% vs. 4Q20, growth driven in particular by inflows from corporate clients Off-balance sheet savings: very strong growth in mutual funds, driven in particular by favourable market trends Deposits: +17.6% vs. 4Q20, good level of external asset inflows AuM (+28.3% vs. 31.12.20): strong growth with favourable market trends and very good asset inflows Steep increase in the retail order numbers 2021 Full Year Results | 72#73DM - Arval - Leasing Solutions – Nickel - Arval Average outstandings (€bn) Consolidated Outstandings %Var/4Q20 %Var/3Q21 %Var/2020 4Q21 historical at constant scope and exchange rates at constant at constant 2021 scope and historical historical exchange rates scope and exchange rates 25.0 1,470 +12.1% +6.4% +11.4% +6.4% +3.5% +3.6% 24.1 +11.1% +11.0% +2.0% +2.0% 1,430 +6.2% +6.2% Financed vehicles ('000 of vehicles) • Consolidated outstanding: +11.4%¹ vs. 4Q20, good growth in all regions Financed fleet: +6.4% vs. 4Q20, very good sales and marketing drive Leasing Solutions Average outstandings (€bn) Consolidated Outstandings %Var/4Q20 %Var/3Q21 %Var/2020 at constant 4Q21 historical scope and exchange rates historical at constant scope and exchange rates at constant 2021 historical 21.9 +5.8% +5.3% +1.4% +1.7% 21.4 +4.3% scope and exchange rates +4.3% Consolidated outstandings: +5.3%¹ vs. 4Q20, good sales and marketing drive Nickel Almost 2.4 million accounts² as of the end of December 2021 (+26.6% vs. 31 December 2020) BNP PARIBAS The bank for a changing world 1. At constant scope and exchange rates; 2. Since inception in France 2021 Full Year Results | 73#744Q21 - International Financial Services 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m Revenues 4Q20 3Q21 2020 3,952 3,915 +0.9% 3,823 +3.4% 15,751 15,938 -1.2% Operating Expenses and Dep. -2,700 -2,555 +5.7% -2,466 +9.5% -10,231 -10,117 +1.1% Gross Operating Income 1,252 1,360 -8.0% 1,357 -7.7% 5,519 5,821 -5.2% Cost of Risk -353 -678 -47.9% -299 +18.1% -1,427 -2,775 -48.6% Operating Income 898 682 +31.7% 1,057 -15.1% 4,092 3,046 +34.4% Share of Earnings of Equity-Method Entities 126 56 n.s. 105 +20.7% 444 353 +25.8% Other Non Operating Items -2 22 n.s. 40 n.s. 83 22 n.s. Pre-Tax Income 1,022 759 +34.6% 1,202 -15.0% 4,620 3,421 +35.0% Cost/Income 68.3% 65.3% +3.0 pt 64.5% +3.8 pt 65.0% 63.5% +1.5 pt Allocated Equity (€bn) 29.2 29.2 +0.2% • Forex effects (on average over the period): appreciation of the euro vs. the dollar, the Turkish lira and the zloty on the year • USD/EUR1: +4.3% vs. 4Q20, +3.1% vs. 3Q21, -3.5% vs. 2020 • TRY/EUR1: -27.0% vs. 4Q20, -21.7% vs. 3Q21, -23.4% vs. 2020 . PLN/EUR¹: -2.5% vs. 4Q20, -1.1% vs. 3Q21, -2.6% vs. 2020 At constant scope and exchange rates vs. 4Q20 Revenues: +1.9%, very good performance by WAM and Insurance, growth at BancWest partly offset by a less favourable context for Personal Finance and Europe Mediterranean Operating expenses: +6.9%, driven mainly by activity growth and targeted initiatives • Pre-tax income: +41.8%, strong decrease in the cost of risk 1. Average exchange rates BNP PARIBAS The bank for a changing world 2021 Full Year Results | 74#754Q21 - IFS - Personal Finance 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm Revenues Operating Expenses and Dep. 4Q20 3Q21 2020 1,294 1,365 -5.2% 1,271 +1.9% 5,216 5,485 -4.9% -710 -687 +3.4% -644 +10.3% -2,817 -2,756 +2.2% Gross Operating Income 584 678 -13.8% 627 -6.8% 2,399 2,729 -12.1% Cost of Risk -346 -581 -40.4% -303 +14.2% -1,314 -1,997 -34.2% Operating Income 238 97 n.s. 324 -26.5% 1,085 732 +48.1% Share of Earnings of Equity-Method Entities 22 -4 n.s. 16 +37.2% 53 6 n.s. Other Non Operating Items -2 -60 -96.3% 36 n.s. 25 -67 n.s. Pre-Tax Income 258 33 n.s. 376 -31.3% 1,163 672 +73.1% Cost/Income 54.9% 50.3% +4.6 pt 50.7% +4.2 pt 54.0% 50.2% +3.8 pt Allocated Equity (bn) 7.7 7.9 -2.6% At constant scope and exchange rates vs. 4Q20 • • • Revenues: -5.4%, decrease due mainly to the impact of non-recurring items, despite the recovery in production Operating expenses: +3.4%, increase driven up by the support in recovery in business activity and the launch of new strategic partnerships Pre-tax income: x3.2, very sharp increase driven mainly by the strong decrease in the cost of risk and a significant contribution from associates and other non operating items BNP PARIBAS The bank for a changing world 2021 Full Year Results | 75#76IFS - Personal Finance Volumes and risks Average outstandings (€bn) TOTAL CONSOLIDATED OUTSTANDINGS %Var/4Q20 %Var/3Q21 %Var/2020 at constant at constant at constant 4Q21 historical scope and exchange rates historical scope and exchange rates 2021 historical scope and exchange rates 91.2 +0.6% +0.2% 106.1 +0.9% +0.5% +0.9% +1.4% +1.0% 90.9 -1.0% -1.0% +1.2% 104.7 -1.7% -1.3% TOTAL OUTSTANDINGS UNDER MANAGEMENT (1) (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 4Q20 1Q21 2Q21 3Q21 4Q21 period France -1.27% 1.10% 0.35% 1.04% 1.41% Italy 3.14% 1.70% 1.05% 1.28% 0.70% Spain 7.13% 2.07% 4.54% 1.88% 2.37% Other Western Europe 2.40% 0.96% 1.15% 1.08% 1.57% Eastern Europe 6.34% 1.39% 2.47% 1.00% 1.51% Brazil 8.70% 4.75% 7.49% 5.79% 7.05% Others 3.62% 1.72% 2.14% 1.75% 1.67% Personal Finance 2.53% 1.38% 1.47% 1.30% 1.50% BNP PARIBAS The bank for a changing world 2021 Full Year Results | 76#774Q21 - IFS - Europe-Mediterranean 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m Revenues Operating Expenses and Dep. Gross Operating Income 4Q20 3Q21 2020 449 527 -14.7% 511 -12.1% 1,941 2,362 -17.8% -395 -402 -1.8% -383 +3.2% -1,604 -1,711 -6.3% 54 125 -56.4% 128 -57.6% 337 651 -48.3% Cost of Risk -32 -95 -66.2% -15 n.s. -144 -437 -66.9% Operating Income 22 30 -25.1% 113 -80.3% 192 214 -10.2% Non Operating Items 43 51 -14.8% 70 -38.5% 181 187 -2.7% Pre-Tax Income 65 80 -18.6% 183 -64.2% 374 401 -6.7% Income Attributable to Wealth and Asset Management -2 -2 -4.7% -1 +75.5% -8 -8 -6.4% Pre-Tax Income 63 78 -19.0% 182 -65.1% 366 392 -6.7% Cost/Income 87.9% 76.4% +11.5 pt 74.9% +13.0 pt 82.6% 72.4% +10.2 pt Allocated Equity (Єbn) 5.0 5.1 -1.9% Including 100% of Private Banking in Turkey and Poland for the Revenues to Pre-Tax Income line items Forex impact (on average over the period) driven by the euro's appreciation vs. the Turkish lira and the zloty • TRY/EUR1: -27.0% vs. 4Q20, -21.7% vs. 3Q21, -23.4% vs. 2020 PLN/EUR1: -2.5% vs. 4Q20, -1.1% vs. 3Q21, -2.6% vs. 2020 At constant scope and exchange rates vs. 4Q20 • Revenues²: -3.1%, strong increase when excluding the impact of a non-recurring item in Poland³; good underlying momentum driven by higher net interest income and the increase in fees • Operating expenses²: +10.1%, increase driven by high wage drift and targeted initiatives • Pre-tax income4: +22.9%, strong drop in cost of risk BNP PARIBAS 1. Average exchange rates 2. Including 100% of Private Banking in Turkey and Poland; 3. Limited impact for the Group, see Corporate Centre in 4Q21; 4. Including 2/3 of Private Banking in Turkey and Poland The bank for a changing world 2021 Full Year Results | 77#78IFS - Europe-Mediterranean Volumes and risks %Var/4Q20 %Var/3Q21 %Var/2020 at constant at constant at constant 4Q21 historical scope and exchange historical scope and exchange 2021 historical Average outstandings (€bn) rates rates scope and exchange rates LOANS DEPOSITS 34.5 40.7 -1.4% -1.6% +10.6% +9.7% -1.1% +0.5% +5.5% +6.6% 34.3 40.1 -6.7% -4.0% +4.9% +7.5% Poland 52% Geographical breakdown in loans outstanding in 4Q21 ● Cost of risk/ loans outstanding Annualised cost of risk / outstandings as at beginning of period 4Q20 1Q21 2Q21 3Q21 4Q21 Turkey 25% Turkey Ukraine Poland Others Mediterranean 17% Europe Mediterranean 1.36% 0.73% 1.21% 0.04% 0.61% 0.62% -0.09% 1.49% -0.26% 0.85% 0.59% 0.30% 0.26% 0.06% -0.03% 1.44% 0.30% 0.69% 0.61% 0.78% 1.02% 0.42% 0.65% 0.17% 0.34% Ukraine 2% Africa 4% TEB: a solid and well capitalised bank • Solvency ratio1 of 18.05% as at 31.12.21 • Very largely self-financed 1.2% of the Group's loans outstanding as at 31.12.21 1. Capital Adequacy Ratio (CAR) BNP PARIBAS The bank for a changing world 2021 Full Year Results | 78#794Q21 - IFS - BancWest 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021/ Єm Revenues Operating Expenses and Dep. Gross Operating Income 4Q20 3Q21 2020 626 594 +5.4% 588 +6.4% 2,426 2,460 -1.4% -457 -423 +7.9% -425 +7.3% -1,695 -1,723 -1.6% 169 171 -0.8% 163 +3.9% 731 737 -0.8% Cost of Risk 24 -3 n.s. 23 +6.5% 45 -322 n.s. Operating Income 194 168 +15.5% 186 +4.2% 777 415 +87.3% Non Operating Items 6 0 n.s. 9 -35.5% 19 0 n.s. Pre-Tax Income 199 168 +18.8% 195 +2.4% 796 415 +91.9% Income Attributable to Wealth and Asset Management -7 -6 +19.5% -6 +24.8% -25 -23 +9.5% Pre-Tax Income 192 162 +18.8% 189 +1.7% 771 392 +96.6% Cost/Income 73.0% 71.3% +1.7 pt 72.3% +0.7 pt 69.9% 70.0% -0.1 pt Allocated Equity (Єbn) 5.0 5.5 -8.9% • Including 100% of U.S Private Banking for the Revenues to Pre-tax Income line items Foreign exchange effect: USD/EUR1 +4.3% vs. 4Q20, +3.1% vs. 3Q21, -3.5% vs. 2020 At constant scope and exchange rates vs. 4Q20 Revenues²: +1.0%, increase driven by the strong growth of fees, partly offset by the decrease in net interest income • Operating expenses²: +3.6%, in connection with business activity and targeted inititatives • Pre-tax income³: +13.4%, strong decrease in the cost of risk 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 2021 Full Year Results | 79#80IFS - BancWest Volumes %Var/4Q20 %Var/3Q21 %Var/2020 4Q21 historical Average outstandings (€bn) at constant scope and exchange rates historical at constant scope and exchange rates at constant 2021 historical scope and exchange rates LOANS 49.8 -2.4% -6.5% +2.6% -0.5% 49.3 -10.3% -6.9% Individual Customers 20.7 -1.4% -5.5% +3.8% +0.7% 20.1 -12.1% -8.7% Incl. Mortgages 8.4 -3.0% -7.0% +5.7% +2.5% 8.1 -16.0% -12.7% Incl. Consumer Lending 12.3 -0.3% -4.4% +2.5% -0.5% 12.0 -9.2% -5.7% Commercial Real Estate 14.5 +3.2% -1.1% +3.0% -0.0% 14.1 -3.6% -0.0% Corporate Loans 14.6 -8.8% -12.6% +0.5% -2.5% 15.1 -13.7% -10.4% DEPOSITS AND SAVINGS 72.4 Customer Deposits 67.1 +10.3% +10.0% +5.7% +2.6% -0.5% 69.0 +6.4% +10.0% +5.4% +3.0% -0.1% 64.0 +6.9% +10.5% • At constant scope and exchange rates vs. 4Q20 Loans: -6.5%, decrease in loans related to the effect of economic stimulus measures and the discontinuation of a business in 2020 • Deposits: +5.7%, +5.4% increase in deposits excluding treasury activities BNP PARIBAS The bank for a changing world 2021 Full Year Results | 80#81IFS - Insurance and WAM1 Activity 31.12.21 31.12.20 €bn %Var/ 31.12.20 %Var/ 30.09.21 30.09.21 Assets under management (€bn) 1,271 1,165 +9.1% 1,218 +4.4% Asset Management 537 483 +11.3% 502 +7.0% Wealth Management 422 390 +8.4% 411 +2.9% Real Estate Services Insurance 30 29 +2.0% 29 +2.5% 282 264 +6.8% 277 +1.9% Net asset flows (€bn) Asset Management Wealth Management Real Estate Services Insurance • • %Var/ %Var/ 4Q21 4Q20 3Q21 4Q20 3Q21 28.6 24.5 +16.8% 12.7 n.s. 23.0 19.1 +20.0% 7.5 n.s. 2.6 3.3 -23.4% 3.6 -28.5% 0.6 0.5 +20.0% 0.2 n.s. 2.5 1.6 +61.9% 1.4 +82.5% Assets under management: +€53.1bn vs. 30.09.21, including: Performance effect: +€19.5bn, driven by favourable trends on the financial markets Net asset inflows: +€28.6bn, very good net asset inflows in Asset Management and Insurance Foreign exchange effect: +€4.1bn +€106.1bn vs. 31.12.20 BNP PARIBAS The bank for a changing world 1. Asset Management, Wealth Management and Real Estate 2021 Full Year Results | 81#82IFS - Insurance & WAM1 Insurance and WAM Breakdown in assets by client segment Asset Management Breakdown in AuM as at 31.12.21 €1,165bn €1,271bn 35% Corporates & Institutionals 29% Bonds 28% 51% 50% Individuals Alternatives and others 4% Diversified 28% 15% External distribution 20% Money-market 17% Equities 23% 31.12.20 31.12.21 €537bn 55% 1. Wealth and Asset Management BNP PARIBAS The bank for a changing world 2021 Full Year Results | 82#834Q21 - IFS - Insurance 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm 4Q20 3Q21 2020 Revenues 655 622 +5.4% 613 +6.8% 2,827 2,725 +3.7% Operating Expenses and Dep. -410 -385 +6.6% -376 +9.1% -1,536 -1,463 +5.0% Gross Operating Income 245 237 +3.3% 237 +3.2% 1,291 1,263 +2.2% Cost of Risk -1 0 n.s. 0 +54.7% -1 -1 -4.6% Operating Income 244 237 +3.2% 237 +3.1% 1,289 1,261 +2.2% Share of Earnings of Equity-Method Entities 30 16 +86.1% -2 n.s. 86 90 -5.0% Other Non Operating Items -2 0 n.s. -4 -46.8% -6 31 n.s. Pre-Tax Income 272 253 +7.3% 231 +17.8% 1,368 1,382 -1.0% Cost/Income 62.6% 61.9% +0.7 pt 61.3% +1.3 pt 54.3% 53.7% +0.6 pt Allocated Equity (bn) 9.4 8.6 +8.8% Technical reserves: +8.0% vs. 4Q20 Revenues: +5.4% vs. 4Q20 • Increase driven mainly by the good performance in Protection, in particular in France, offset by the impact of higher claims, and by the high-level contribution of Savings • Favourable impact from the financial result Operating expenses: +6.6% vs. 4Q20, driven by the rebound in activity and by targeted projects Pre-tax income: +7.3% vs. 4Q20 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 83#844Q21 - IFS - Wealth and Asset Management 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / Єm Revenues Operating Expenses and Dep. 4Q20 3Q21 2020 949 826 +14.8% 859 +10.5% 3,422 2,982 +14.7% -741 -669 +10.8% -651 +13.9% -2,628 -2,510 +4.7% Gross Operating Income 208 157 +32.1% 208 -0.1% 794 472 +68.2% Cost of Risk 1 1 -15.9% -3 n.s. -12 -17 -31.3% Operating Income 209 159 +31.6% 205 +2.0% 782 455 +72.0% Share of Earnings of Equity-Method Entities 28 11 n.s. 19 +43.4% 72 64 +12.0% Other Non Operating Items 0 63 n.s. 0 n.s. 98 65 +51.5% Pre-Tax Income 237 233 +1.6% 224 +5.5% 951 583 +63.2% Cost/Income 78.1% 81.0% -2.9 pt 75.8% +2.3 pt 76.8% 84.2% -7.4 pt Allocated Equity (bn) 2.1 2.0 +3.8% · Revenues: +14.8% vs. 4Q20 Strong increase in Asset Management, driven by very strong net asset inflows and the performance effect Increased revenues in Wealth Management, driven by higher assets under management and a strong commercial performance Ongoing rebound at Real Estate from a low 2020 base; strong increase mainly in Advisory, particularly in France and Germany Operating expenses: +10.8% vs. 4Q20, very positive jaws effect in Asset Management and Real Estate and overall (+4.1 pts) Pre-tax income: +1.6% vs. 4Q20, with the positive impact of a non-recurring item in 4Q20 in Asset Management BNP PARIBAS The bank for a changing world 2021 Full Year Results | 84 |#85Corporate and Institutional Banking - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m Revenues Operating Expenses and Dep. 4Q20 3Q21 2020 3,264 3,315 -1.5% 3,588 -9.0% 14,236 13,763 +3.4% -2,348 -2,190 +7.2% -2,243 +4.7% -9,400 -8,920 +5.4% Gross Operating Income 915 1,125 -18.6% 1,346 -32.0% 4,836 4,843 -0.1% Cost of Risk 80 -432 n.s. -24 n.s. -173 -1,424 -87.9% Operating Income 996 692 +43.8% 1,322 -24.7% 4,664 3,419 +36.4% Share of Earnings of Equity-Method Entities 6 8 -21.7% 9 -26.8% 33 11 n.s. Other Non Operating Items 1 9 -88.6% 0 n.s. 24 24 +2.3% Pre-Tax Income 1,003 710 +41.3% 1,331 -24.6% 4,721 3,454 +36.7% Cost/Income 72.0% 66.1% +5.9 pt 62.5% +9.5 pt 66.0% 64.8% +1.2 pt Allocated Equity (bn) 26.2 24.5 +7.1% Revenues: -1.5% vs. a high 4Q20 base and +5.3% vs. 4Q19 Good growth in Corporate Banking (+3.3%) and strong growth in Securities Services (+12.3%) Good performance of Global Markets (-10.7% vs. a high 4Q20 and stable vs. 4Q19), driven by business diversification and the development of the Equity & Prime Services platform Operating expenses: +7.2% vs. 4Q20 Increase driven mainly by the development of platforms (consolidation of Exane and completion of the transfer of prime brokerage clients in 4Q21); Stable at constant scope and exchange rates Cost of risk: provisions more than offset by releases this quarter BNP PARIBAS The bank for a changing world 2021 Full Year Results | 85#86Corporate and Institutional Banking Corporate Banking - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / 4Q20 3Q21 2020 1,324 1,281 +3.3% 1,282 +3.3% 5,087 4,727 +7.6% -655 -645 +1.6% -640 +2.4% -2,639 -2,623 +0.6% 669 636 +5.1% 642 +4.1% 2,448 2,104 +16.3% 72 -430 n.s. -24 n.s. -201 -1,308 -84.7% 741 206 n.s. 618 +19.9% 2,247 796 n.s. -1 6 n.s. -2 -60.9% 11 9 +22.6% 740 49.5% 212 n.s. 616 +20.2% 2,259 806 n.s. 50.3% -0.8 pt 49.9% -0.4 pt 51.9% 55.5% -3.6 pt 14.3 13.5 +6.3% €m Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Non Operating Items Pre-Tax Income Cost/Income Allocated Equity (bn) Revenues: +3.3% vs. 4Q20 and +9.4% vs. 4Q19 • Increase in all regions Growth of the Capital Markets platform in EMEA vs. a high 4Q20 base Ongoing upturn in transaction banking services (cash management and trade finance) Operating expenses: +1.6% vs. 4Q20 . Increase related to growth in activity Positive jaws effect (+1.7 points), driven by cost-savings measures Sharp decrease in the cost of risk BNP PARIBAS The bank for a changing world 2021 Full Year Results | 86#87Corporate and Institutional Banking Global Markets - 4Q21 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / €m Revenues incl. FICC incl. Equity & Prime Services 4Q20 3Q21 2020 1,338 1,498 -10.7% 1,731 -22.7% 6,820 6,819 +0.0% 755 1,002 -24.6% 896 -15.7% 3,947 5,652 -30.2% 583 497 +17.4% 835 -30.2% 2,872 1,166 n.s. Operating Expenses and Dep. -1,224 -1,089 +12.4% -1,137 +7.6% -4,887 -4,452 +9.8% Gross Operating Income 115 410 -72.0% 594 -80.7% 1,933 2,367 -18.3% Cost of Risk 10 -2 n.s. -2 n.s. 27 -117 n.s. Operating Income 124 407 -69.5% 592 -79.0% 1,960 2,250 -12.9% Share of Earnings of Equity-Method Entities 5 2 n.s. 2 n.s. 14 1 n.s. Other Non Operating Items -5 0 n.s. 4 n.s. 5 3 +66.5% Pre-Tax Income 125 409 -69.5% 598 -79.1% 1,979 2,254 -12.2% Cost/Income 91.4% 72.7% +18.7 pt 65.7% +25.7 pt 71.7% 65.3% +6.4 pt Allocated Equity (bn) 10.7 10.0 +6.5% • • Revenues: -10.7% vs. a high 4Q20 base and -0.1% vs. 4Q19 FICC: decrease vs. a high 4Q20 base, due to a challenging market context, in particular on rates Equity & Prime Services: good growth with the contribution from the consolidation of BNP Paribas Exane (~€95m) and a good momentum in Prime Services, but lower client activity in equity derivatives this quarter Operating expenses: 12.4% vs. 4Q20 Increase related to the development of platforms (consolidation of Exane and completion of the transfer of prime brokerage clients in 4Q21) BNP PARIBAS The bank for a changing world 2021 Full Year Results | 87#88Corporate and Institutional Banking Market risks 4Q21 - - Average 99% 1-day interval VaR (Value at Risk) Єm Commodities Forex Equities Interest Rates □ Credit Nettings 54 55 42 43 43 43 3 14 13 22 20 19 14 320 FEE 35 35 36 33 37 666 34 31 29 28 8 31 31 28 4 4 11 9 14 10 14 11 14 15 21 26 22 19 18 16 17 17 17 15 16 18 FEN 6 5 30 32 25 23 24 19 21 19 19 17 14 -50 40 +40-40 40 41 40 39 42 +47 44 +42 35 30 28 30 50 51 51 5 46 45 10 35 5 9 15 12 33 33 2222 22 HE 27 22 22 25 24 23 3 4 221 31 32 27 25 26 23 5 20 24 20 5 4 3 2 4 8 7 H 16 16 19 H 14 11 13 -32 26 23 28 30 33 + 8 2 273 36 19 24 33 8 או 8 ו א 13 13 9 33 15 24 9 26 8 17 8 17 32 35 18 18 30 26 19 21 24 20 23 12 11 9 39 52 53 58 13 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 13 13 14 14 14 14 15 15 15 Q3 Q4 Q1 15 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 16 16 16 16 17 17 17 17 18 18 18 18 7 2009 1000 229 188 220 172 19 19 19 19 20 Q1 Q2 Q3 Q4 12 20 20 20 21 21 21 21 • Average VaR stable on the whole this quarter¹ Level reverted to those observed before the spikes in volatility that occurred when the public health crisis began in 2020; slight increase in commodities A theoretical back-testing event² this quarter 34 events since 01.01.2007, or a little more than two per year over a long period, including crises, in line with the internal (1 jour, 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 2021 Full Year Results | 88#89Corporate and Institutional Banking Securities Services - 4Q21 €m Revenues Operating Expenses and Dep. Gross Operating Income Cost of Risk Operating Income Non Operating Items Pre-Tax Income Cost/Income Allocated Equity (€bn) 4Q21 4Q20 4Q21 / 3Q21 4Q21 / 2021 2020 2021 / 4Q20 3Q21 2020 602 536 +12.3% 575 +4.6% 2,329 2,217 +5.1% -469 -457 +2.7% -465 +0.9% -1,874 -1,845 +1.6% 132 79 +68.5% 110 +20.5% 456 372 +22.4% -2 1 n.s. 2 n.s. 1 1 -9.6% 130 79 +64.6% 112 +16.7% 457 373 +22.3% 8 9 -19.3% 5 +42.2% 27 21 +31.7% 138 89 +55.7% 117 +17.8% 484 394 +22.8% 78.0% 85.3% -7.3 pt 80.9% -2.9 pt 80.4% 83.2% -2.8 pt 1.2 1.0 +26.2% 31.12.21 31.12.20 %Var/ 31.12.20 30.09.21 %Var/ 30.09.21 Securities Services Assets under custody (€bn) Assets under administration (€bn) 12,635 2,521 10,980 2,202 +15.1% +14.5% 12,273 2,451 +2.9% +2.9% 4Q21 4Q20 4Q21/4Q20 3Q21 4Q21/3Q21 Number of transactions (in million) 35.5 32.0 +10.9% 32.8 +8.3% Assets under administration restated in 2020, excluding assets simply on deposit Revenues: +12.3% vs. 4Q20, due to an increase in assets, in particular with the full effect on recent large mandates, and strong rise in transaction volumes Good containment of operating expenses: strong positive jaws effect BNP PARIBAS The bank for a changing world 2021 Full Year Results | 89#90Corporate Centre - 4Q21 €m Revenues 4Q21 4Q20 3Q21 2021 2020 24 -241 11 512 -358 Operating Expenses and Dep. -271 -283 -183 -1,007 -890 Incl. Transformation, IT Reinforcement, Restructuring and Adaptation Costs -82 -150 -62 -292 -389 Gross Operating Income -247 -524 -172 -495 -1,249 Cost of Risk Operating Income 7 -29 -40 -153 -72 -240 -554 -212 -647 -1,321 Share of Earnings of Equity-Method Entities 4 4 13 16 54 Other Non Operating Items Pre-Tax Income 247 421 -61 775 939 11 -129 -260 144 -327 Revenues . • Lower contribution from Principal Investments Impact of a positive non-recurring item: +€91m Reminder from 4Q20: • • Accounting impact from a swap set up for the transfer of an activity: -€104m Revaluation of proprietary credit risk included in derivatives (DVA): -€39m Operating expenses . Restructuring and adaptation² costs: -€61m (-€91m in 4Q20) IT reinforcement costs: -€21m (-€59m in 4Q20) Reminder from 4Q20: donations and staff-safety measures relating to the public health crisis (-€24m) Other non-operating items Capital gain on the sale of buildings: +€184m (+€193m in 4Q20) • Net Write backs in impairments in 2021: +€75m (-€130m in 4Q20) Reminder from 4Q20: Capital gain on the sale of Allfunds shares (+€371m) BNP PARIBAS 1. Related in particular to the restructuring of certain activities (including at CIB); 2. Related in particular to Wealth Management, BancWest and CIB The bank for a changing world 2021 Full Year Results | 90#91Corporate Centre - 2021 Revenues Very strong increase at Principal Investments, rebounding from a low level in 2020 Capital gain realised on the sale of 4.99% of SBI Life: +€58m Accounting impact of a swap set up for the transfer of an activity in 2020: +€86m Reminder from 2020: Accounting impact of a swap set up for the transfer of an activity in 4Q20: -€104m Impact of a negative non-recurring item in 3Q20 Operating expenses • Increase in taxes subject to IFRIC 211 Restructuring² and adaptation costs³: -€164m (-€211m in 2020) IT reinforcement costs: -€128m (-€178m in 2020) Reminder from 2020: donations and staff-safety measures relating to the public health crisis (-€132m) Other non-operating items Capital gains on the sale of buildings: +€486m (+€699m in 2020) Capital gain on the sale of Allfunds shares: +€444m4 (+€371m in 2020) Total impairments: -€74m Reminder from 2020: Goodwill impairments (-€130m in 2020) 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. Related to the restructuring of certain businesses (in particular at CIB; 3. Related in particular to Wealth Management, BancWest and CIB; 4. Disposal of 8.69% stake in Allfunds in 2021; BNP Paribas still holds a 13.81% stake in Allfunds. BNP PARIBAS The bank for a changing world 2021 Full Year Results | 91#92BNP PARIBAS GROUP RESULTS DIVISION RESULTS GROWTH, TECHNOLOGY & SUSTAINABILITY 2025 CONCLUSION 4Q21 DETAILED RESULTS APPENDICES#93Number 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-21 30-Dec-20 1,234 1,250 1,234 1,248 1,247 1,248 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-21 31-Dec-20 1,247 1,248 9,488 7,067 Remuneration net of tax of Undated Super Subordinated Notes -418 -436 Exchange rate effect on reimbursed Undated Super Subordinated Notes -18 -5 Net income attributable to equity holders, after remuneration and exchange rate effect on Undated Super Subordinated Notes 9,052 6,626 Net Earnings per Share (EPS) in euros 7.26 5.31 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 93#94Capital Ratios and Book Value Per Share Capital Ratios Total Capital Ratio (a) Tier 1 Ratio (a) Common equity Tier 1 ratio (a) 31-Dec-21 31-Dec-20 16,4% 16,4% 14,0% 14,2% 12,9% 12,8% (a) CRD4, on risk-weighted assets of €714bn as at 31.12.21 and €696bn as at 31.12.20; refer to slide 97 Book value per Share in millions of euros 31-Dec-21 31-Dec-20 Shareholders' Equity Group share 117,886 112,799 (1) of which changes in assets and liabilities recognised directly in equity (valuation reserve) 222 -496 of which Undated Super Subordinated Notes 9,207 9,948 (2) of which remuneration net of tax pay able to holders of Undated Super Subordinated Notes 106 100 (3) Net Book Value (a) 108,573 102,751 (1)-(2)-(3) Goodwill and intangibles 11,549 11,392 Tangible Net Book Value (a) 97,024 91,359 Number of Shares excluding Treasury Shares (end of period) in millions 1,234 1,248 Book Value per Share (euros) 88.0 82.3 of which book value per share excluding valuation reserve (euros) 87.8 82.7 Net Tangible Book Value per Share (euros) 78.7 73.2 (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 2021 Full Year Results | 94#95Return 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) 31-Dec-21 31-Dec-20 9,488 7,067 -436 -441 9,052 6,626 101,882 98,235 8.9% 6.7% Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (b) Return on Tangible Equity (ROTE) 90,412 86,704 10.0% 7.6% (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 vs. ROTE in millions of euros 31-Dec-21 31-Dec-20 Net Book Value 108,573 102,751 (1) of which changes in assets and liabilities recognised directly in equity (valuation reserve) 222 -496 (2) of which 2020 dividend distribution assumption of which assumption of distribution of 50% of 2021 net income Permanent shareholders' equity, not revaluated, used for the calculation of ROE (a) Goodwill and intangibles Tangible permanent shareholders' equity, not revaluated, used for the calculation of ROTE (a) 3,307 (3) 4,527 (4) 103,824 99,940 (1)-(2)-(3)-(4) 11,549 11,392 92,275 88,548 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) 101,882 98,235 90,412 86,704 (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 2021 Full Year Results | 95#96A Solid Financial Structure Doubtful loans vs. gross outstandings Doubtful loans (a) / Loans (b) 31-Dec-21 2.0% 31-Dec-20 2.1% (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-21 31-Dec-20 16.1 16.7 21.8 73.6% 23.3 71.5% (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) Liquidity Coverage Ratio and Immediately available liquidity reserve 31-Dec-21 31-Dec-20 Liquidity Coverage Ratio Immediately available liquidity reserve (€bn) (a) 143% 452 (a) Liquid market assets or eligible to central banks (counterbalancing capacity) taking into account prudential standards, notably US standards, minus intra-day payment systems needs 154% 432 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 96#97Common Equity Tier 1 ratio Basel 3 Common Equity Tier 1 ratio¹ (Accounting capital to prudential capital reconciliation) €bn 31-Dec-21 30-sept-21 31-Dec-20 Consolidated Equity Undated super subordinated notes 122,5 120,8 117,4 -9,2 -9,2 -9,9 2020 net income distribution project? 0,0 0,0 -3,3 2021 net income distribution project³ 4 -4,5 -3,4 Regulatory adjustments on equity* -1,8 -1,6 -1,4 Regulatory adjustments on minority interests -3,0 -3,1 -2,9 Goodwill and intangible assets -10,1 -9,8 -10,0 Deferred tax assets related to tax loss carry forwards -0,3 -0,3 -0,4 Other regulatory adjustments -1,6 -0,9 -0,7 Common Equity Tier One capital 92,0 92,5 88,8 Risk-weighted assets 714 712 696 Common Equity Tier 1 Ratio 12,9% 13,0% 12,8% 1. CRD4; 2. Taking into account a distribution of 50% of 2020 net income, of which €1,385m approved at the General Meeting of 18 May 2021 and paid out on 26 May 2021 and €1,937m approved at the General Meeting of 24 September 2021 and paid out on 30 September 2021; 3. Subject to the approval of the General Meeting of 17 May 2022; 4. Including Prudent Valuation Adjustment and IFRS 9 transitional provisions BNP PARIBAS The bank for a changing world 2021 Full Year Results | 97#98Medium/Long Term Regulatory Funding Continued presence in debt markets 2021 MLT regulatory issuance plan completed: €20.5bn issued Capital instruments: €5.15bn issued¹ AT1: $1.25bn priced on 18.02.21, PerpNC102, at 4.625% (sa, 30/360); reset rate post call date at 5Y US Treasuries+334 bps Tier 2 main issuances include: $1.25bn priced on 19.01.21, 20 years bullet, at US Treasuries+118 bps £1bn priced on 17.05.21, 10NC53, at UK Gilt+165 bps - - 2022 MLT regulatory issuance plan: ~ €20.5bn Capital instruments: ~€5.5bn; including €2-3bn AT1, €1.1bn already issued AT1: $1.25bn (€1.1bn) issued on 05.01.22, PerpNC58, at 4.625% (sa, 30/360); reset rate post call date at 5Y US Treasuries+320 bps - Non Preferred Senior debt: ~ €15bn; €5.0bn already issued, including €1bn priced on 23.08.21, 12NC74, at mid-swap€+117 bps • Non Preferred Senior debt: €15.4bn issued¹ Main issuances in 4Q21 include: • €1bn, priced on 23.11.21, 6.5NC5.55 Green, at mid-swap€+68 bps • €1.50bn, issued on 04.01.22, 8.5NC7.59, at mid-swap€+83 bps CHF220m (€0.2bn), priced on 06.01.22, 6NC510, at CHF mid-swap€+68 bps Dual tranche issued on 12.01.22: $1.75bn (€1.5bn), 6NC510, at US Treasuries+110 bps $1.25bn (€1.1bn), 11NC1011 at US Treasuries+140 bps 2 30% of the regulatory issuance plan realised as of 31 January 2022 1. As of 31 December 2021, trade dates for the issuances, € valuation based on 31.12.21 FX rates; 2. Perpetual, callable on year 10, and every 5 year thereafter; 3. 10-year maturity callable on year 5 only; 4. 12-year maturity callable on year 7 only; 5. 6.5-year maturity callable on year 5.5 only; 6. Subject to market conditions, indicative amounts; 7. As of 31 January 2022, trade dates for the issuances, € valuation based on FX rates on trade dates; 8. Perpetual, callable on year 5, and every 5 year thereafter; 9. 8.5-year maturity callable on year 7.5 only; 10. 6-year maturity callable on year 5 only; 11. 11-year maturity callable on year 10 only. BNP PARIBAS The bank for a changing world#99TLAC ratio: ~400bps above the requirement without calling on the Preferred Senior debt allowance as of 01 January 2022 TLAC requirement as at 01.01.22: 22.03% of RWA 22.03% 26.0% -> • Including capital conservation buffer, G-SIB buffer and countercyclical capital buffer (3 bps as of 1Q22) TLAC requirement as at 01.01.22: 6.75% of leverage ratio exposure TLAC requirement as at 01.01.22 0.03% BNP Paribas TLAC ratio as at 01.01.22 BNP Paribas TLAC ratio as at 01.01.221 ✓ 26.0% of RWA: ✓ 16.4% total capital as at 1 January 2022 9.6% of Non Preferred Senior debt² ✓ Without calling on the Preferred Senior debt allowance 7.6% of leverage ratio exposure³ 1.50% 2.50% 9.6% 18.00% 16.4% TLAC ratio excluding buffers Conservation buffer G-SIB buffer Countercyclical buffer Total capital ratio Non Preferred Senior debt² 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 12,832 million euros as at 1 January 2022) are eligible within the limit of 3.5% of risk-weighted assets; BNP Paribas did not use this option as at 1 January 2022; 2. Principal amount outstanding and other regulatory adjustments, including amortised portion of Tier 2 instruments with residual maturity over 1 year; 3. TLAC ratio reached 7.6% of leverage ratio exposure, calculated in accordance with Regulation (EU) 2019/876, without opting for the temporary exclusion related to deposits with Eurosystem central banks authorised by the ECB decision of 18 June 2021 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 99#100Distance to MDA restrictions as of 1 January 2022 Reminder: Pillar 2 is composed of: "Pillar 2 Requirement" (public), applicable to CET1, Tier 1 and Total Capital ratios "Pillar 2 Guidance" (not public), not applicable for distributable amount restrictions (MDA - Maximum Distributable Amount) Capital requirements as at 01.01.221: Capital requirements as at 01.01.221 Countercyclical buffer P2R G-SIB buffer Conservation buffer Pillar 1 13.28% 10.97% 0.03% " CET1: 9.23% Tier 1: 10.97% 9.23% 1.50% 0.03% Total Capital: 13.28% 2.50% 0.03% 1.50% 1.50% 1.25% 2.50% MREL requirement as at 01.01.22 : 2.50% 0.94% Distance to M-MDA restriction in force since 01.01.22 but not constraining, as higher than the distance to MDA restrictions 0.70% 8.00% 6.00% 4.50% Distance as at 01.01.22 to Maximum Distributable Amount restrictions² equal to the lowest of the calculated amounts: €21.8bn CET1 Tier 1 Total Capital Ratio 16.4% BNP Paribas Capital ratios as of 1 January 20223 12.9% 14.0% Distance³ as of 1 January 2022 to Maximum Distributable Amount restrictions² 365 bps €26.1bn 305 bps €21.8bn 310 bps €22.3bn 1. The increase of Pillar 2 Requirement (P2R) will only be effective in March 2022, including a countercyclical capital buffer of 3 bps; 2. As defined by the Article 141 of CRD4; 3. Calculated on the basis of pro forma capital as of 1 January 2022, after deduction of €235m of no longer eligible capital instruments, and of RWA (€714bn) as of 01.01.22 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 100#101Variation in the Cost of Risk by Business Unit (1/2) Cost of risk/Customer loans at the beginning of the period (in annualised bp) 2018 2019 1Q20 2Q20 3Q20 4Q20 2020 1Q21 2Q21 3Q21 4Q21 2021 Domestic Markets' Loan outstandings as of the beg. of the quarter (Єbn) 401.3 414.0 422.1 427.2 435.5 439.0 431.0 445.0 444.2 450.4 453.9 448.4 Cost of risk (Em) 1,046 1,021 313 331 353 458 1,456 315 284 343 243 1,185 Cost of risk (in annualised bp) 26 25 30 31 32 42 34 28 26 30 21 26 FRB¹ 1 Loan outstandings as of the beg. of the quarter (€bn) 185.2 190.4 195.1 198.7 205.3 209.5 202.2 212.5 212.9 215.7 214.7 214.0 Cost of risk (Em) 288 329 Cost of risk (in annualised bp) 16 17 172 101 90 90 21 18 32 137 169 496 125 101 115 99 90 441 27 32 25 24 19 21 19 21 BNL bc' Loan outstandings as of the beg. of the quarter (€bn) 78.6 77.2 74.8 75.7 77.5 78.6 76.6 78.9 77.5 78.2 80.5 78.8 Cost of risk (Em) 592 490 120 122 122 161 525 110 105 130 143 487 Cost of risk (in annualised bp) 75 64 64 64 63 82 69 56 54 67 71 62 BRB¹ Loan outstandings as of the beg. of the quarter (Єbn) 106.4 113.0 117.3 118.6 118.5 116.8 117.8 117.9 118.4 120.5 122.5 119.8 Cost of risk (Em) 43 55 54 80 29 Cost of risk (in annualised bp) 4 18 188 27 27 10 622 67 230 47 45 36 -28 23 19 16 15 12 29 99 -9 1. With Private Banking at 100% BNP PARIBAS The bank for a changing world 2021 Full Year Results | 101#102Variation in the Cost of Risk by Business Unit (2/2) Cost of risk/Customer loans at the beginning of the period (in annualised bp) 2018 2019 1Q20 2Q20 3Q20 4Q20 2020 1Q21 2Q21 3Q21 4Q21 2021 BancWest Loan outstandings as of the beg. of the quarter (€bn) 51.3 55.1 55.4 58.1 56.8 52.8 55.8 49.8 51.1 49.0 49.3 49.8 Cost of risk (€m) 70 148 62 167 90 3 322 -7 8 -23 -24 -45 Cost of risk (in annualised bp) 14 27 45 115 63 2 58 -5 7 -19 -20 -9 Europe-Mediterranean 1 Loan outstandings as of the beg. of the quarter (Єbn) 37.7 40.7 40.6 40.4 39.8 37.2 39.5 37.2 35.8 36.8 37.8 36.9 Cost of risk (Em) 308 399 86 143 113 95 437 39 58 15 32 144 Cost of risk (in annualised bp) 82 98 85 141 113 102 111 42 65 17 34 39 Personal Finance Loan outstandings as of the beg. of the quarter (€bn) 84.3 93.5 97.0 96.2 92.6 91.8 94.4 93.1 93.4 93.5 92.5 93.1 Cost of risk (Єm) 1,186 1,354 582 450 383 581 1,997 321 344 303 346 1,314 Cost of risk (in annualised bp) 141 445 145 240 187 165 253 212 138 147 130 150 141 - CIB Corporate Banking Loan outstandings as of the beg. of the quarter (€bn) 132.6 145.6 153.1 180.6 169.2 154.6 164.4 144.7 154.0 153.1 156.5 152.1 Cost of risk (Єm) 31 223 201 366 311 430 1,308 185 64 24 -72 201 Cost of risk (in annualised bp) 2 15 52 81 73 111 11 80 51 17 6 -18 13 Group² Loan outstandings as of the beg. of the quarter (€bn) 788.4 827.1 846.4 886.8 875.7 860.3 867.3 846.9 866.8 873.9 883.0 867.7 Cost of risk (Em) 2,764 Cost of risk (in annualised bp) 35 3,203 39 1,426 1,447 1,245 1,599 5,717 896 813 706 510 2,925 67 65 57 74 66 42 38 32 23 34 1. With Private Banking at 100%; 2. Including cost of risk of market activities, International Financial Services and Corporate Centre BNP PARIBAS The bank for a changing world 2021 Full Year Results | 102#103Cost of risk by Business Unit (1/3) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) Group 74 66 67 65 57 35 39 34 42 38 32 23 2018 2019 2020 2021 1Q202Q203Q204Q20 CIB - Corporate Banking 111 80 81 73 52 15 13 2 1Q212Q213Q214Q21 51 17 6 -18 2018 2019 2020 2021 1Q202Q203Q204Q20 1Q212Q213Q214Q21 Cost of risk: €510m -€196m vs.3Q21 -€1,089m vs.4Q20 Cost of risk at a low level due to the limited number of new defaults and to releases of provisions on performing loans (stages 1 & 2) Cost of risk: -€72m -€96m vs.3Q21 -€503m vs.4Q20 Releases of provisions on performing loans (stages 1 & 2) and cost of risk on non-performing loans at a very low level BNP PARIBAS The bank for a changing world 2021 Full Year Results | 103#104Cost of risk by Business Unit (2/3) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) FRB Cost of risk: €99m -€16m vs.3Q21 -€69m vs.4Q20 16 17 25 21 21 18 27 32 24 19 21 19 Cost of risk at a low level 2018 2019 2020 2021 1Q202Q203Q204Q20 1Q212Q213Q214Q21 BNL bc 75 64 69 62 64 64 63 82 56 54 67 71 2018 2019 2020 2021 BRB 1Q202Q203Q204Q20 1Q212Q213Q214Q21 4 5 19 8 18 27 10 23 16 15 12 -9 2018 2019 2020 2021 1Q202Q203Q204Q20 1Q212Q213Q214Q21 Cost of risk: €143m +€12m vs.3Q21 -€19m vs.4Q20 Moderate releases of provisions on performing loans (stages 1 & 2) Cost of risk: -€28m -€63m vs.3Q21 -€95m vs.4Q20 Low cost of risk, due to releases of provisions on performing loans (stages 1 & 2) and a limited number of new defaults BNP PARIBAS The bank for a changing world 2021 Full Year Results | 104#105Cost of risk by Business Unit (3/3) Cost of risk vs. Customer loans outstanding at the beginning of the period (in annualised bps) Personal Finance 240 253 212 187 141 145 141 165 138 147 130 150 2018 2019 2020 2021 1Q202Q203Q204Q20 1Q212Q213Q214Q21 Europe Mediterranean 98 111 141 82 85 113 102 39 42 2018 2019 2020 2021 1Q202Q203Q204Q20 BancWest 65 59 34 17 1Q212Q213Q214Q21 Cost of risk: €346m +€43m vs.3Q21 -€235m vs.4Q20 Cost of risk at a low level Reminder from 4Q20: impact of the regulatory change in the definition of default taken into account as of 4Q20 Cost of risk: €32m " +€17m vs.3Q21 -€63m vs.4Q20 Strong decrease in the cost of risk from a high basis of comparison - moderate releases of provisions on performing loans (stages 1 & 2) -19-20 1Q212Q213Q214Q21 Cost of risk: -€24m " -€1m vs.3Q21 -€27m vs.4Q20 Releases of provisions on performing loans (stages 1 & 2) and low level of provisions on non-performing loans (stage 3) 115 58 63 14 27 45 2 7 -9 2018 2019 2020 2021 1Q202Q203Q204Q20 -5 BNP PARIBAS The bank for a changing world 2021 Full Year Results | 105#106Risk-Weighted Assets -Basel 3 Risk-Weighted Assets¹: €714bn as at 31.12.21 (€696bn as at 31.12.20) The +€18bn change is mainly explained by: . +€27bn increase in credit risk • -€8bn decrease in operational risk • -€1bn decrease in counterparty risk bn€ Credit risk Operational Risk 31.12.21 30.09.21 31.12.20 554 553 527 63 63 71 Counterparty Risk 40 42 41 Market vs. Foreign exchange Risk 25 23 25 Securitisation positions in the banking book Others² 14 12 14 18 17 17 Basel 3 RWA¹ 714 712 696 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 2021 Full Year Results | 106#107Risk-Weighted Assets by Business Basel 31 risk-weighted assets by business as 31.12.21 Global Markets & Securities Services: 14% CIB : 33% Corporate Banking: 19% Other Activities: 5% FRB: 13% Insurance & WAM: 6% Retail Banking BNL bc: 7% & Services: 62% BRB: 7% Other Domestic Markets²: 6% Personal Finance: 10% BancWest: 7% Europe-Mediterranean: 6% 1. CDR 4; 2. Including Luxembourg BNP PARIBAS The bank for a changing world 2021 Full Year Results | 107#108Breakdown of Commitments by Industry (Corporate Asset Class) Mining, metals & materials (including cement, packages, etc.) 4% IT & electronics 3% Wholesale & trading 6% B to B Services 9% Communication Services 2% Real Estate 12% Finance 6% Insurance 2% Equipment excluding IT - Electronic 6% Energy excluding electricity 4% Retailing 5% Chemicals excluding pharmaceuticals 2% Construction 4% Agriculture, food 4% Transport & logistics 10% Utilities (electricity, gas, water) 6% Healthcare & pharmaceuticals 3% Others 12% Total gross commitments, on and off-balance sheet, unweighted (corporate asset class) = €778bn as at 31.12.21, or 41% of total Group exposure to credit risk (€1,897bn as at 31.12.21) BNP PARIBAS The bank for a changing world 2021 Full Year Results | 108#109Breakdown of Commitments by Region Asia Pacific 6% North America 13% Other European countries 19% Rest of the World 5% Belgium & Luxembourg 16% France 32% Italy 9% Total gross commitments on and off balance sheet, unweighted = €1,897bn¹ as at 31.12.21 1. Excluding Equity credit exposure class BNP PARIBAS The bank for a changing world 2021 Full Year Results | 109