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New Business Organisation

BNP PARIBAS Committed to Delivering the Synergies Total 2009 IRFS Synergies in €mn 31 -11 6 Gross Revenue Marginal Costs Synergies 26 26 Cost Synergies Total Synergies 50 projects aimed at delivering €26mn synergies BNL Grupp BNP PARIBAS International Retail Banking and Financial Services 121
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