2022 Full Year Results

CPBS BNL banca commerciale - 2022 - Ongoing impact of the transformation of the operating model • • • Good business drive Loans: +2.1% vs. 2021, 4.1% increase on the perimeter excluding non- performing loans, driven by mortgage loans and an increase in factoring Deposits: +8.5% vs. 2021, steep increase in all customer segments, particularly corporates Off-balance sheet savings: -8.6% vs. 31.12.21, in an unfavourable market environment Optimisation of the operating model and variabilisation of costs: outsourcing certain IT activities and back-office processes implemented in 2Q22: total transfer of 803 FTEs Customer satisfaction: level of recommendation above the Italian market average and n°1 traditional bank in Italy in 20221 Revenues²: €2,634m (-1.7% vs. 2021) -0.1% at constant scope³ Net interest income: -1.3%, positive impact of the interest-rate environment on deposits offset by the gradual adjustment in loan margins Fees: -2.2%, +1.5% at constant scope³, increase in banking fees, particularly in corporate clients and decrease in financial fees Operating expenses²: €1,735m (-2.5% vs. 2021) • • -0.5% at constant scope³ Deposits +8.5% 59 64 2021 €bn 2022 Constant improvement in cost of risk Cost of risk (in bps) 179 124 116 75 69 58 Impact of the transformation of the operating model and adaptation measures ("Quota 100" retirement plan) 2012 2014 2016 2018 2020 2022 Pre-tax income4: €410m (+8.8% vs. 2021) • Positive jaws effect (+0.8 pt) • +10.6% at constant scope4 Decrease in the cost of risk 1. Survey conducted by an independent market study firm; 2. Including 100% of Private Banking; 3. Business divestment effective 02.01.22; 4. Including 2/3 of Private Banking BNP PARIBAS The bank for a changing world 2022 Full Year Results | 33

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