New Business Organisation

BNP PARIBAS Cost Synergies Progression Cost Synergies Timing Accelerated 270 185 100 38 in Єmn 2006 2007 2008 2009 Initial timing forecast exceeded due to effectiveness of actions already implemented 38mn cost synergies in 2006 representing quick wins in procurement and recruitments Synergies to be deducted from cost baseline progression BNL Grupp BNP PARIBAS Financial Elements 41

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