New Business Organisation
BNP PARIBAS
BNL 9M06
In €mn
Revenues
Costs
Gross Op. Income
From Gruppo BNL to
BNL Group Contribution
Group
contribution
incl 1Q06 proforma
2,233
(1,400)
833
Cost of risk
(245)
Operating Income
588
Pre-Tax Income
579
Not comparable with BNL published accounts
Detailed reconciliation in appendix
Costs: 9M usually understates the yearly trend
"Seasonal" effect
Cost of risk: higher in Group contribution than under Italian practices
Provisions time value for money: reducing cost of risk under Italian practices
vs. increasing revenues under BNP Paribas practices
■ Provisions for credit-related litigations: in costs under Italian practices vs. in
cost of risk under BNP Paribas practices
BNL
Grupp BNP PARIBAS
Financial Elements
29
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