New Business Organisation

BNP PARIBAS Energy Commodities Export Project Energy and commodity derivatives present high potential with BNL's strong Mid. Cap. Italian client base Shipping: combine BNL's domestic client proximity with BNP Paribas' specialised industry coverage approach • Example: BNP Paribas-BNL has just led a $450mn facility for Navigazioni Montanari, the largest shipping transaction ever arranged in the Italian market by an international shipping bank Build on ECEP's leading market expertise to offer high value added products to BNL corporate customer base BNP PARIBAS-BNL Corporate & Investment Banking in Italy 163

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