New Business Organisation
BNP PARIBAS
Cost of risk
Italian practices
32
48
Cost of Risk
A Different Benchmark
Cost of risk
Group contribution
56
65
BNL
Grupp BNP PARIBAS
in bp
BNL 9M06* Peers** 9M06
in bp
BNL 9M06
Under Italian practices, BNL cost of risk lower than peers
■Due to high level of write-backs since 2005
Group contribution not comparable with Italian peers
9M06 BNL cost of risk to be broken down between
Low cost of risk in activities to be transferred to CIB and IFRS
■ 65 bp in retail and commercial banking (BNL bc)
BNL bc 9M06
Cost of risk optically higher than under Italian practices
* excluding the one off impact of alignment to BNP Paribas balance sheet adjustments (€378mn)
** Peers' average includes Banca Intesa, Capitalia (as published), Unicredit, San Paolo IMI, MPS (BNL estimates)
Financial Elements
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