SECOND AMENDMENT TO THE 2023 UNIVERSAL REGISTRATION DOCUMENT

FILED WITH THE FCA ON 12 DECEMBER 2024

Universal Registration Document, annual financial report 2023 and first quarter results filed with the Financial Conduct Authority ("FCA") on 14 June 2024 (the "2023 Universal Registration Document").

First amendment to the 2023 Universal Registration Document and second quarter results filed with the FCA on 24 September 2024.

Société anonyme (Public Limited Company) with capital of 2,468,663,292 euros Head office: 16 boulevard des Italiens, 75 009 PARIS R.C.S.: PARIS 662 042 449

1.	FINANCIAL INFORMATION AS AT 30 SEPTEMBER 2024 3
2.	RISK AND CAPITAL ADEQUACY – PILLAR 3 (NOT AUDITED) 4
3.	LONG-TERM AND SHORT-TERM RATINGS 15
4.	GOVERNANCE 16
5.	GENERAL INFORMATION 17
6.	PERSON(S) RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT 19

This second amendment to the 2023 Universal Registration Document has been filed on 12 December 2024, without prior approval, with the Financial Conduct Authority ("FCA"), as competent authority pursuant to Article 9 of Regulation (EU) 2017/1129 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended "EUWA"), as amended and the regulations made thereunder (the "UK Prospectus Regulation").

The universal registration document may be used for the purposes of an offer to the public of securities if approved by the FCA together with any amendments, if applicable, and a securities note and summary approved in accordance with the UK Prospectus Regulation.

The 2023 Universal Registration Document (as amended) may form part of a prospectus of the Issuer consisting of separate documents within the meaning of the UK Prospectus Regulation.

1. FINANCIAL INFORMATION AS AT 30 SEPTEMBER 2024

PRESS RELEASE

Paris, 31 October 2024

BNP Paribas achieves high net income 2,868m (+5.9%) in the 3rd quarter 2024 Revenues up by +2.7% vs. 3Q23¹ ( 11,941m), driven by the diversified and integrated model Very good performances at CIB (+9.0% vs. 3Q231) and IPS (+4.9% vs. 3Q23¹) CPBS (-2.6% vs. 3Q231) stable (-0.1%) excluding revenues from used-car disposals at Arval Positive jaws effect² (+1.0 point³) Continued implementation of operational efficiency measures ( 655m in cost savings as of 30.09.2024 in line with expected for 2024) Gross Operating Income ( 4,728m) up by +4.2% vs. 3Q23¹ Cost of risk⁴ stable at 32 bps Net income, Group share ( 2,868m) up by +5.9% vs. 3Q23¹ Earnings per share⁵ ( 2.38) up by +11.2% vs. 3Q23¹ Very solid financial structure (CET1 ratio of 12.7%)

-

Redeployment of the capital from the Bank of the West divestment The Cardif / AXA IM project⁶ is a major initiative, repositioning IPS strategically within the Group. Net book value per share⁷ as of 30.09.2024: 91.1

Prudential consolidation of Arval (30 bps) in 3Q24 ; 2H24 planned securitisation positioned in 4Q24

On the strength of its 3rd quarter 2024 results, BNP Paribas confirms its 2024 trajectory: revenues up by more than 2% vs. 2023¹ ( 46.9bn), a positive jaws effect², a cost of risk below 40 bps and Net income, Group share higher than 2023 distributable net income¹ ( 11.2bn).

The Board of Directors of BNP Paribas met on 30 October 2024. The meeting was chaired by

Jean-Laurent Bonnafé, Chief Executive Officer, stated at the end of the meeting:

third quarter 2024. These very good results were driven by the business performance of the operating divisions and demonstrate thoroughly. The 3rd quarter particularly gain market shares strong business momentum, especially in Insurance and Asset Management. Our Commercial & Personal Banking is likely to gradually benefit from the positive shift in the rate environment. On this basis, we confirm our 2024 trajectory and remain focused on continuing our long-term development, notably with the planned acquisition of AXA IM, which is a major initiative, repositioning IPS strategically within the Group. I thank all our teams for their ongoing mobilisation alongside our customers. Group 3rd quarter 2024 results In the 3rd quarter 2024 (hereinafter: 3Q24), Group revenues amounted to 11,941m, up by 2.7% compared to the 3rd quarter 2023 on a distributable basis¹ (hereinafter: 3Q23). Corporate & Institutional Banking (CIB) revenues rose sharply (+9.0% vs. 3Q23) under the combined effect of a very good performance in all three business lines. Particularly, Global Banking (+5.9% vs. 3Q23) was driven by Capital Markets activities in EMEA (+12.4%⁸ vs. 3Q23), Advisory in EMEA and Transaction Banking activities in the Americas and APAC. Global Markets

CONSOLIDATED GROUP RESULTS AS OF 30 SEPTEMBER 2024

Revenues

(+12.4% vs. 3Q23) benefitted from the strong growth at Equity & Prime Services (+13.2% vs. 3Q23) and FICC (+11.8% vs. 3Q23). Securities Services (+6.6% vs. 3Q23) was driven up by its net interest margin and by the increase in its outstandings. Revenues at Commercial, Personal Banking & Services (CPBS)⁹ decreased (-2.6% vs. 3Q23) but were stable (-0.1% vs. 3Q23) excluding revenues from used-cars disposals at Arval.

Revenues decreased slightly (-1.1% vs. 3Q23; -1.3% vs. 9M23) at Commercial & Personal Banking in the euro zone. The 3rd quarter nevertheless showed an improvement, with particularly 2Q24). Excluding headwinds (inflation hedges, mandatory reserves, and the Belgian government bonds), revenues at Commercial & Personal Banking in the euro zone rose by +2.1% vs. 9M23. Overall, these banks should benefit from (i) a favourable shift in the interest rate environment given the downward steepening of the interest rate curve expected by the market and (ii) the tapering off from headwinds on the business growth (with impacts of - 49m in 1Q24 vs. 1Q23, - 39m in 2Q24 vs. 2Q23, and - ). Revenues at Specialised Businesses decreased (-5.7% vs. 3Q23), due mainly to Arval and Leasing Solutions (-10.6% vs. 3Q23) with two different situations: revenues rose by +3.2% at Leasing Solutions, but Arval was impacted by the normalisation of used-car prices, despite its good business performances, as illustrated by the increase in its organic revenues (+15.3%).

Personal Finance revenues decreased overall (-3.3%), but rose on the core perimeter (+1.5%),

in accordance with the ongoing strategic plan. Revenues at New Digital Businesses and Personal Investors were stable. Revenues at Investment & Protection Services (IPS) were up by 4.9%. Asset Management (+7.9% vs. 3Q23) and Insurance (+6.4% vs. 3Q23) had a very good quarter and continued to support revenue growth in the division. Wealth Management (-0.5% vs. 3Q23) was stable with an increase in fees.

Operating expenses

Operating expenses ( 7,213m) were kept under control in 3Q24 (+1.7% vs. 3Q23). The jaws effect was positive (+1.0 point) and benefitted from the impact of operational efficiency measures implemented, representing in the first nine months of the year, in line with the announced 2024. These measures mainly include: (i) the Personal Finance adaptation plan, (ii) the reduction in external spending, (iii) the deployment of Shared Service Centres (SSCs), (iv) the optimisation of business premises (~100,000m² released since 2023) and (v) automation / robotisation efforts (number of robots: +15% since the end of 2023). Operating expenses rose at CIB (+8.6% vs. 3Q23) in support of growth. The jaws effect was positive overall at CIB (+0.4 point), as well as at Global Banking (+0.1 point), Global Markets (+0.5 point) and Securities Services (+1.8 points). CPBS⁹ lowered its operating expenses (-0.9% vs. 3Q23). At Commercial & Personal Banking in the euro zone, they decreased by 1.9% and the jaws effect was positive (+0.8 point). Specialised Businesses also reduced their operating expenses, by 1.3%. The jaws effect was positive (i) at Personal Finance (+2.3 points; +2.7 points on the core perimeter), in connection with the adaptation plan and (ii) at Leasing Solutions (+2.4 points). Operating expenses were kept under control at IPS (-0.4% vs. 3Q23) in all business lines in connection with the acceleration of operational efficiency measures. The jaws effect was very positive at IPS (+5.2 points) and positive in all operating business lines (except Real Estate). On this basis, Group gross operating income in 3Q24 came to 4,728m, up by 4.2% compared to 3Q23 ( 4,536m).

In 3Q24, Group cost of risk stood at 729m⁴ ( 734m in 3Q23), or 32 basis points of customer loans outstanding, remaining below 40 basis points throughout the cycle, thanks to the quality and diversification of credit portfolio. In 3Q24, cost of risk on performing loans (stages 1 and 2) -performing loans (stage 3). Operating income, Pre-tax income and net income, Group share Group operating income came to 3,957m ( 3,802m in 3Q23) and Group pre-tax income to 4,060m ( 3,862m in 3Q23). The average corporate income tax rate stood at 27.4% in the 3rd

Cost of risk

Net income, Group share amounted to 2,868m in 3Q24, up by 5.9% compared to 3Q23 On this basis, earnings per share⁵ came to 2.38 euros, up by +11.2% compared to 3Q23.

quarter.

( 2,709m).

Social responsibility

Beyond social responsibility, as highlighted by recent agencies and ESG Solutions and WDI Shareaction) and by certifications highlighting commitments (LSEG, Top Employer and Afnor). The Group continues to implement the People Strategy 2025, while establishing the conditions for equality. This has been demonstrated by the constant gender diversity progress in senior management positions and the improvement in stands above the average of members. Group results in the first nine months of 2024 Over the first nine months of 2024 (hereinafter: 9M24), revenues amounted to 36,694m, up by 2.0% compared to the first nine months of 2023 on a distributable basis¹ (hereinafter: 9M23). CIB revenues ( 13,405m) rose by 5.0% compared to 9M23, driven by increased revenues at Global Banking (+5.8% vs. 9M23), Global Markets (+3.6% vs. 9M23) and Securities Services (+8.0% vs. 9M23). CPBS⁹ revenues were stable 20,026m, with positive trends, notably at Commercial & Personal Banking (BNL: +5.4% vs. 9M23; CPBL: +5.0% vs. 9M23). At IPS, revenues came to 4,381m (+2.9% vs. 9M23), driven by the growth of revenues at Insurance (+5.3% vs. 9M23), Wealth Management (+3.5% vs. 9M23) and Asset Management¹⁰ (+7.1% vs. 9M23). Group operating expenses came to 22,326m, up by 1.3% compared to 9M23 ( 22,035m). They included the exceptional impact of restructuring and adaptation costs ( 143m) and IT

reinforcement costs ( 254m) 397m. At the operating division level, operating expenses increased by 3.7% at CIB and by +2.6% at CPBS⁹ (+1.1% in Commercial & Personal Banking in the euro zone and -0.3% at Specialised Businesses). They were stable at IPS. At the Group level, the jaws effect was therefore positive (+0.6 point). Gross Operating Income 14,368m in the first 9 months of 2024, up by 3.1% compared to 9M23 ( 13,939m). Group cost of risk⁴ stood at 2,121m ( 1,935m in 9M23). exceptional non-operating items include the reconsolidation of activities in Ukraine¹¹ (+ 226m) and a capital gain on the divestment of Personal Finance activities in Mexico (+ 118m). Group pre-tax income came to 12,845m, up by 2.6% compared to 9M23 ( 12,515m). Taking into account the 25.8% average corporate income tax rate, net income, Group share amounted to 9,366m ( 9,225m in 9M23). As of 30 September 2024, the return on non-revaluated tangible equity stood at 11.8%. This

back of its diversified and integrated model.

A very solid financial structure as of 30 September 2024 The common equity Tier 1 ratio stood at 12.7% as of 30 September 2024, down by 30 basis 12% Group objective.

points compared to 30 June 2024 but remaining far above SREP requirements (10.27%) and the On 1 July 2024, Arval was prudentially consolidated with a 30-bps impact, as announced. The common equity Tier 1 ratio therefore stood at 12.7% as of 1 July 2024. As of 30 September 2024, it remains stable due to the combined effects of (i) organic capital generation net of changes in risk-weighted assets in 3Q24 (+20 bps) and (ii) of the distribution of the 3Q24 result (-20 bps on the basis of a 60% pay-out ratio). In 4Q24, the planned securitisation programme should allow to decrease the risk-weighted assets by more than 10 bps. The leverage ratio¹² stood at 4.4% as of 30 September 2024. 2024 (132% as of 30 June 2024) and the immediately available liquidity reserve¹⁴ came to 467bn as of 30 September 2024, equivalent to more than one year to manoeuvre in terms of 2024 trajectory confirmed On the strength of its results as of 30.09.2024, BNP Paribas confirms its 2024 trajectory: (i) revenues growth greater than 2% compared to 2023 distributable revenues ( 46.9bn); (ii) a positive jaws effect²; (iii) a cost of risk below 40 bps, and (iv) Net Income, Group share greater than the 2023 distributable net income ( 11.2bn). This trajectory leverages several positive trends identified during the first nine months of the year: Ongoing market share gains at CIB while retaining a balanced allocation of capital; Improving outlooks at Commercial & Personal Banking in the euro zone given 1) the positive

The Liquidity Coverage Ratio¹³ (end-of-period) stood at a high level of 124% as of 30 September wholesale funding. shift in the rate environment given the steepening of the yield curve expected by the market; Strong momentum at Asset Management and Insurance in IPS; Further implementation of operational efficiency measures: 655m achieved in cost savings throughout the first three quarters of the year, 345m expected for 4Q24;

2) stabilising credits and deposits and 3) the gradual decrease of the impact of headwinds on the business growth; Control of the cost of risk throughout the cycle. The trajectory also takes into account the negative impacts linked to used-car prices at Arval, despite its good business performances, illustrated by the continued growth in its organic

revenues.

An update of the 2026 outlook taking into account the redeployment of capital will be given on the publication of the 2024 annual results.

CORPORATE AND INSTITUTIONAL BANKING (CIB)

CIB 3rd quarter 2024 results

a very good activity in all three business lines and a strong increase in Global Markets revenues. Revenues ( 4,247m) rose by 9.0% compared to 3Q23, under the combined effect of good

performance in all three business lines: Global Banking (+5.9% vs. 3Q23), Global Markets (+12.4% vs. 3Q23) and Securities Services (+6.6% vs. 3Q23). operating expenses increased by 8.6% compared to 3Q23 (+8.7% at constant scope and exchange rates), driven by very robust activity this quarter. The jaws effect was positive (at +0.4 point, and +0.7 point at constant scope and exchange rates). Gross operating income came to 1,677m, up by 9.7% compared to 3Q23. Cost of risk stood at - 27m, a level remaining low, notably due to releases of provisions on performing loans (stages 1 and 2). Based on this good operating performance, CIB achieved pre-tax income 1,652m, up by

6.3% (+7.2% at constant scope and exchange rates).

CIB Global Banking

3 business activity.

rd quarter featured further increases in revenues and very robust Revenues ( 1,487m) increased by 5.9% compared to 3Q23, particularly in EMEA and APAC. By business line, revenues rose at Capital Markets, particularly in EMEA (+12.4%⁸ vs. 3Q23); and in Transaction Banking (+5.7%⁸ vs. 3Q23), particularly in the Americas (Trade Finance) and APAC (Cash Management). Revenues were also up in Advisory, particularly in EMEA. In terms of business momentum, the origination business was very robust in EMEA, particularly on bond markets (a 29%¹⁵ increase in issuances led vs. 3Q23) and syndicated loans. In Transaction Banking, Cash Management was strong, notably in APAC and in Trade Finance, particularly in the Americas. Advisory also performed well, particularly in EMEA and in APAC. At 186bn, loans increased by +4.5%⁸ compared to 3Q23 and by +2.1%⁸ compared to 2Q24. At 220bn, deposits continued to expand (+6.5%⁸ vs. 3Q23). Global Banking confirmed its leadership in rankings: EMEA leader¹⁶ in syndicated loans and bond issuances, tied for first¹⁷ in Transaction Banking revenues in EMEA in 1H24, and European and global leader¹⁸ in sustainable financing.

CIB Global Markets

The 3rd quarter was driven by strong activity increase in all business lines. At 2,023m, Global Markets revenues achieved a strong growth of 12.4% compared to 3Q23. ^A 820m, Equity & Prime Services revenues were driven up (+13.2% vs. 3Q23) by Prime Services (with more than a 40% increase in revenues compared to 3Q23), particularly in the Americas and APAC. Revenues were stable overall in Equity Derivatives and up slightly in Cash Equities this quarter. ^A 1,203m, FICC revenues increased by 11.8% compared to 3Q23. Credit activities fared very well, particularly in the Americas and on primary markets, as well as on the rates and foreignexchange markets with a robust activity in rates, particularly in the Americas, and forex, but were more lackluster in commodities. vs. 2Q24). This reflects lesser risk, mainly in the interest-rate, foreign-exchange and commodities The 3rd quarter featured a strong increase in outstandings and deposits and good business At 737m, Securities Services achieved a strong increase in revenues this quarter (+6.6% vs. 3Q23), driven by the impact of higher net interest margin and higher client deposits balances. New mandates were signed, notably in Germany, France and Australia. Meanwhile, commercial

Average outstandings rose (+9.4% compared to 3Q23), driven mainly by the market rebound and the implementation of new mandates. Transactions were also up by 15.2%, with higher average

In terms of rankings, Global Markets confirmed its leadership on multi-dealer electronic platforms.

Average 99% 1- ( 0.6m perimeters. CIB results in the first nine months of 2024 In the first nine months of 2024, CIB revenues came to 13,405m, up by 5.0%, and CIB operating expenses 7,801m, up by 3.7%, compared to 9M23. The jaws effect was positive by +1.3 points and was evident in each of the three business lines.

CIB Securities Services

drive.

development continued in Private Capital.

volatility. CIB gross operating income amounted to 5,604m, up by 6.9% compared to 9M23, and cost of risk came to a net release of 173m, due mainly to releases of stage 1 and 2 provisions. On this basis, compared to 9M23 pre-tax income 5.785m.

COMMERCIAL, PERSONAL BANKING & SERVICES (CPBS)

CPBS 3rd quarter 2024 results The 3rd quarter featured an improvement at Commercial & Personal Banking in the euro Belgium, to which CPBS is adapting.

zone and at Personal Finance, and less favourable market environments for Arval and in Revenues⁹, 6,576m, decreased by 2.6% vs. 3Q23. It was impacted this quarter by the continued normalisation of used-car prices at Arval, and by changes on the Belgian market impacting deposit and loan margins. Excluding this impact at Arval, CPBS revenues were stable

(-0.1% vs. 3Q23). Commercial & Personal Banking revenues were down slightly (-0.8% vs. 3Q23), with, however, some improvements in net interest revenue in France (+1.7% vs. 3Q23), Italy (+2.9% vs. 3Q23) and Luxembourg (+2.5% vs. 3Q23). Fees rose in Italy (+3.8% vs. 3Q23), Luxembourg (+4.3% vs. 3Q23), Europe-Mediterranean (+11.5% vs. 3Q23) and, to a lesser extent, in France (+1.4% vs. 3Q23). Assets under management rose sharply in Private Banking (+11% vs. 30.09.2023) and Hello bank! continued its development, reaching 3.7 million customers (+6.7% vs. 3Q23). Revenues at Specialised Businesses came to 2,374m (-5.7% vs. 3Q23). Organic revenues (financial margin and margin on services: +15.3% vs. 3Q23) at Arval rose, and margins at production improved at Leasing Solutions. Positive trends were also identified in the core perimeter of Personal Finance (+1.5% vs. 3Q23) with a very positive jaws effect (+2.7 points), as well as an improvement in margins at production. Nickel continued its development (about 4.2 million accounts opened¹⁹ as of 30.09.2024), and Personal Investors held up well. Operating expenses⁹ were reduced by 0.9%. At Commercial & Personal Banking in the euro zone, operating expenses decreased by 1.9%, and the jaws effect was positive (+0.8 point). In Specialised Businesses, operating expenses also decreased (-1.3% vs. 3Q23). The jaws effect was positive at Personal Finance (+2.3 points; +2.7 points in the core perimeter) due to the adaptation plan, and at Leasing Solutions (+2.4 points). Gross operating income⁹ came to 2.664m (- 5.1% vs. 3Q23). Cost of risk and others⁹ came to 745m (762 in 3Q23). As a result, after allocating one third net income to Wealth Management (IPS

division), CPBS achieved a pre-tax income²⁰ 1.873m (- 3.0% vs. 3Q23). CPBS Commercial & Personal Banking in France This quarter, CPBF achieved growth in revenues and a positive jaws effect. Customer loans outstanding decreased by 1.4% compared to 3Q23 but stabilised compared to

2Q24 (+0.1%). Production was higher in 2024 than in 2023. Deposits decreased by 2.4% compared to 3Q23 but stabilised compared to 2Q24 (-0.4%), sight deposits particularly. Term deposits decreased compared to 2Q24. Off-balance sheet savings rose by 5.0% compared to 30.09.2023, driven by life insurance, and net asset inflows in life insurance rose by 17.8% vs. 9M23.

Private Banking, with 140bn in assets under management as of 30.09.2024 (+7.8% vs. 30.09.2023), achieved significant net asset inflows 5.6bn in 9M24 (+1.1% vs. 9M23). Hello bank! continued to acquire customers and reached the 1 million-customer threshold in 3Q24 operation.

(+23.6% vs. 3Q23), driven by strong organic growth and the success of the Orange bank Revenues⁹ amounted to 1,627m, up by 1.6% compared to 3Q23. Momentum was positive in all customer segments, corporates particularly. Net interest revenue⁹ increased by 1.7%, due to positive trends in margins, with less of an impact from headwinds. Fees⁹ were up (+1.4% vs. 3Q23), driven by financial fees and particularly growth in assets under management. At 1,134m, operating expenses⁹ (+0.1% vs. 3Q23) remained under control despite inflation, thanks to the ongoing impact of operational efficiency measures. The jaws effect was positive by Gross operating income⁹ amounted to 493m (+5.2% vs. 3Q23). Cost of risk⁹ stood at 122m ( 117m in 3Q23), or 21 basis points of customer loans outstanding, As a result, after allocating one third net income to Wealth Management (IPS division), CPBF achieved pre-tax income²⁰ 327m (+5.7% vs. 3Q23). CPBS BNL Banca Commerciale (BNL bc)

1.5 points.

a low level, given the economic context.

BNL bc continued to demonstrate good intrinsic performance.

Customer loans outstanding decreased by 4.5% vs. 3Q23 and by 3.3% excluding non-performing loans. Corporate loans stabilised compared to 2Q24 with recovery in new production of mediumand long-term loans. Deposits increased by 3.7% compared to 3Q23, with, on the one hand, an increase in Corporate and Private Banking customer deposits, and, on the other hand, resiliency in margins on deposits in all customer segments. Off-balance sheet customer assets rose by 9.8% compared to 30.09.2023, driven by good net inflows and a favourable market effect. Net asset inflows in Private Banking came to 1.3bn in 3Q24, a strong increase (+29% vs. 3Q23). Revenues⁹ came to 682m (+3.3% vs. 3Q23). Net interest revenues rose by 2.9%, driven by the margin on deposits partly offset by the decrease in volumes and loan margins. Fees were also up sharply, by 3.8% compared to 3Q23, in connection with the increase in financial fees. At 418m, operating expenses⁹ decreased by 6.6% (up +1.7% excluding of the DGS in 3Q2321). The jaws effect was positive by 1.6 points excluding this effect. At 114m, cost of risk⁹ rose by 15.6% vs. 3Q23, due to a non-recurring model effect and the divestment of a non-performing loan. In 3Q24, it stood at 62 basis points of customer loans outstanding and has decreased steadily since 2014. As a result, after allocating one third of Private Banking net income to Wealth Management (IPS division), BNL bc achieved pre-tax income²⁰ 142m, up sharply, by 28.9% vs. 3Q23.

Gross operating income⁹

CPBS Commercial & Personal Banking in Belgium (CPBB) CPBB is adapting to a market environment under pressure. Customer loans outstanding rose by 1.6% compared to 3Q23, driven particularly by an increase in corporate loans. Average deposits decreased by 1.5% compared to 3Q23. In connection with the investment products offered when the Belgian government bonds matured, end-of-period deposits rose by 3.2% vs. 30.09.2023. The aforementioned offering, combining positive-margin deposits and off-balance sheet products has been structured in partnership with the Group business lines. It is geared towards medium-term products, benefitting the a falling-interest-rate environment. Corporate deposits rose by +2.3% compared to 3Q23. Customer assets as a whole rose by 6.3% vs. 30.09.2023, driven by mutual funds. Private Banking achieved net asset inflows 2.4bn since 1 January 2024. Revenues⁹ 8.7% (-3.5% excluding the impact of headwinds²²). Net interest revenues⁹ decreased by 11.3% (-5.3%²³ vs. 3Q23 excluding impacts of headwinds), in connection with tightening margins in a competitive market for loans and deposits. Fees⁹ decreased by 2.1%, due to the high level of financial fees in 3Q23, generated by the placement of government bonds. Excluding this impact, they rose by 1.4% compared to 3Q23. At 574m, operating expenses⁹ decreased by 2.8% compared to 3Q23, in connection with savings measures and the transformation of the operating model driven by the integration of Bpost Gross operating income⁹ came to 352m, down by 16.9% compared to 3Q23. In 17m, cost of risk⁹ remained low and stood at -5 basis points of customer loans outstanding, due to releases of provisions on performing loans (stages 1 and 2). As a result, after allocating one third net income to Wealth Management (IPS division), CPBB achieved pre-tax income²⁰ 421m (+11.1% vs. 3Q23), due to the capital gain

CPBL continued to achieve very good performances, driven by net interest revenues and Revenues⁹ amounted 156m (+2.8% vs. 3Q23). Net interest revenues⁹ rose by 2.5%, in connection with good resiliency in margins on deposits, particularly on individual customers and

bank.

on the divestment of an asset.

CPBS Banque Commerciale au Luxembourg (CPBL)

fees.

a revaluation on an investment. CPBL achieved good growth in fees (+4.3% vs. 3Q23), particularly from the corporate segment. At 74m, operating expenses⁹ rose by 3.0%, in connection with inflation. Gross operating income⁹ 83m (+2.5% vs. 3Q23). The cost of risk⁹ remained at a very low level. On this basis, after allocating one third of the Private Banking result to Wealth Management (IPS division), CPBL achieved pre-tax income²⁰ 78m, (+3.3% vs. 3Q23).

CPBS Europe-Mediterranean

Europe-Mediterranean achieved good business drive in Poland, while the market environment continued to normalise in Türkiye. Customer loans outstanding increased by 7.3%⁸ compared to 3Q23, in connection with higher volumes. Production with individual customers in Poland recovered gradually, and business drive was strong in Türkiye across all customer segments. Deposits rose by 10.3%⁸ compared to 3Q23, driven by increased deposits in Türkiye and Poland. Revenues⁹ m, decreased by 10.8%²⁴ vs. 3Q23. They rose by 4.7% vs. 3Q23 excluding the effect of the hyperinflation situation in Türkiye, an increase in connection with the improvement of margins in Poland and Morocco. perating expenses⁹ decreased by 3.5%²⁴ vs. 3Q23 (+8.7% vs. 3Q23 excluding the Gross operating income⁹, m, decreased by 20,1%²⁴ vs. 3Q23 (-1,1% vs. 3Q23 excluding Cost of risk⁹ stood at 47 basis points of customer loans outstanding, lower than in 3Q23 (releases of stage 1 and 2 provisions). Other net losses for risk on financial instruments⁹ included the impact of other provisions in Poland (- 65m), partly offset by releases of provisions set aside for the Act on Assistance to Borrowers Europe-Mediterranean achieved pre-tax income²⁰ 251m, down by 5.7%²⁴ (-5.1% vs. 3Q23 excluding the effect of the hyperinflation situation in Türkiye).

effect of the hyperinflation situation in Türkiye).

the effect of the hyperinflation situation in Türkiye).

in (+ 23m). In the 3rd quarter 2024, Personal Finance continued the transformation of its operating model, generating: (i) a very positive jaws effect and (ii) good performance on the core perimeter. It should benefit from the decrease of short-term interest rates. Customer loans outstanding rose by 3.7%⁸ compared to 3Q23 (+5.2% vs. 3Q23 on the core

CPBS Specialised Businesses Personal Finance

perimeter, following the geographical refocusing), with greater selectivity at origination. Margins

at production continued to improve despite sustained competitive pressure. Operationally, the effects of the implementation of the mobility partnership strategy can be seen in the weight of auto loans outstanding, which amounted to 44% of core outstandings as of 30 September 2024 and structurally improved the risk profile. The partnerships with Orange in France and Spain continued to be rolled out.

The quarter saw the continuation of the aforementioned geographical refocusing of businesses on the core perimeter with the closing of the divestment of activities in Hungary. This geographical refocusing overall included the sale of activities in Central and Eastern Europe (Bulgaria, the Czech Republic, Slovakia, and Hungary) and Mexico, as well as the placement of activities in runoff in Romania, Brazil, and Nordic countries (Sweden, Denmark and Norway).

1,249m, revenues decreased by 3.3% compared to 3Q23 but rose by 1.5% on the core term financing costs.

perimeter, driven by growth in volumes and pricing efforts and despite the increased medium-At 672m, operating expenses decreased by 5.7% (-1.2% vs. 3Q23 on the core perimeter), in connection with the impact of cost-saving measures. As a result, the jaws effect was very positive on the quarter (+2.3 points, +2.7 points on the core perimeter). 380m ( 397m in 3Q23), due particularly to the structural improvement in the risk profile. As of 30 September 2024, it stood at 140 basis points of customer loans Pre- 154m, down sharply by 21.9%, due to a lower contribution from associates and to the ongoing strategic refocusing. On the core perimeter, it rose by 7.6% compared to 3Q23. CPBS Specialised Businesses Arval and Leasing Solutions rd quarter 2024 featured: (i) a sustained level of activity illustrated by a higher

Gross operating income decreased by 0.5% 577m.

outstanding.

3 financial margin and margin on services; and (ii) the impact of the normalisation of usedcar prices. Leasing Solutions revenues increased this quarter.

The normalisation of used-car prices continued at Arval, with a negative price effect. However, the volume effect was positive (117,000 vehicles sold in 3Q24 vs. 87,000 in 3Q23). The business momentum was sustained, as illustrated by the (+5.8%²⁵ vs. 30.09.2023) and in outstandings (+20.1% vs. 3Q23). The individual customer fleet (+17.1% vs. 30.09.2023) expanded, thanks to the development of partnerships with automakers, including the renewal in France of the strategic partnership with Hyundai Motors. Leasing Solutions outstandings rose by 2.8% vs. 3Q23, and its margins improved. Business drive was also good with production volumes up by 10.5% compared to 3Q23 on equipment markets. A partnership was renewed this quarter with two manufacturers, CNH and Iveco Group, which evenues of Arval and Leasing Solutions decreased by 10.6%, impacted by the aforementioned trend in used-car prices at Arval, partly offset by the 15.3% growth in organic revenues (financial margin and margin on services) and the increase in Leasing Solutions revenues from the volume impact and improved margins. Operating expenses, 381m, rose by 3.6%, due to inflation and business momentum. Pre-tax income of Arval and Leasing Solutions -20.9% vs. 3Q23). CPBS Specialised Businesses New Digital Businesses and Personal Investors

has expanded strongly since 1997, thanks to the CNH Industrial Capital Europe joint-venture, located in nine countries in Europe. 30.09.2023). In parallel, Nickel developed its offering of services and products: after France,

Activity was robust this quarter.

As of 30.09.2024, Nickel is the largest current account distribution network in France and in Portugal, following a quarter featuring a deployment of its points of sale in Europe (+13.7% vs. Nickel continued to digitalise, with a 100% digital account-opening path in Spain.

internationally (number of active partnerships: 2.3x compared to 3Q23).

Regarding Floa, numerous partnerships have been signed in France, and activity is developing Personal Investors achieved a strong increase in assets under management (+13.2% vs. 30.09.2023), driven by the favourable impact of financial market trends and by the number of transactions remaining at a high level. On this basis, revenues⁹, 268m, rose by 0.7% compared to 3Q23, reflecting: (i) the good momentum at New Digital Businesses; and (iii) the efficient organic growth at Nickel. Operating expenses⁹ came to 180m (+6.1% vs. 3Q23), due to the business development

resiliency to the interest-rate environment in revenues at Personal Investors; (ii) the continued

strategy.

3Q23).

Gross operating income⁹ came to 88m (-8.8% vs. 3Q23) and cost of risk⁹ 27m ( 29m in On this basis, pre-tax income²⁰ at New Digital Businesses and Personal Investors, after allocating one third of the Private Banking result in Germany to Wealth Management (IPS division), decreased by 9.2% vs.3Q23, 59m.

CPBS revenues in the first nine months of 2024 In the first nine months of the year, revenues⁹ 20,026m (-0.9% vs. 9M23). Excluding the impact of the normalisation of used-car prices at Arval, they rose by 1.2%. In the first nine months of the year, Commercial & Personal Banking achieved a positive performance (+0.6% vs. 9M23), as did New Digital Businesses & Personal investors (+5.3% vs. 9M23). However, revenues from Specialised Businesses decreased by 3.3%. Operating expenses⁹ by 2.6% compared to 9M23. Gross operating income⁹ came to 7,644m and decreased by 6.0% compared to 9M23. Cost of risk⁹ and 2,387m ( 2,016m in 9M23), due to a specific credit situation in France and a base effect at Europe-Mediterranean. Pre-tax income²⁰ came to 5,186m ( 6,047m in 9M23). IPS 3rd quarter 2024 results IPS achieved a very good quarter in Asset Management and Insurance and stepped up its As of 30 September 2024, assets under management²⁶ came to 1.344bn (+8.7% vs. 31.12.2023, +2.4% vs. 30.06.2024). In the first nine months, they reflected the combined effects

INVESTMENT & PROTECTION SERVICES (IPS)

investments in growth markets.

of: (i) net asset inflows (+ 55.3bn) and (ii) market growth (+ 54.6bn). Net asset inflows, driven by the diversity of the distribution networks, were very strong.

Insurance achieved an increase in gross asset inflows at Savings (+13.0% vs. 3Q23), driven of products.

particularly by net inflows internationally and strong growth at Protection, driven by the entire line Thanks to strong business drive, Asset Management achieved sustained net inflows particularly management.

in medium- and long-term vehicles and an increase in fees, driven by the growth of assets under Wealth Management revenues were stable compared to a high 3Q23 base. Assets under management rose in Commercial & Personal Banking and with high-net-worth clients. Activity was strong, particularly in Asia, and transaction fees rose in all geographies. As of 30 September 2024, assets under management²⁶ 616bn in Asset Management and Real Estate27, 456bn in Wealth Management, and 272bn in Insurance. Total revenues came to 1,489m (+4.9% vs. 3Q23). They were driven by the very good momentum in Insurance and Asset Management. Revenues were stable in Wealth Management compared to a high 3Q23 based. Revenues decreased in Real Estate. At 881m, operating expenses decreased by 0.4% compared to 3Q23, due to the combined effect of efficiency measures and bolt-on investments. The jaws effect was very positive (+5.2 Gross operating income rose by +13.5% vs. 3Q23 to 609m. At 647m, pre-tax income rose by 6.7% compared to 3Q23. This included the decrease in the contribution of associates. aiming at strengthening its platform as a source of medium-term growth: (i) the announcement of acquisition of AXA IM⁶ and the long-term partnership with AXA; and (ii) the

points).

rd quarter featured two external growth transactions planned acquisition ²⁸ in Germany.

IPS Insurance

The third quarter was marked by an increase in gross asset inflows in the Savings business and a strong increase in the Protection business.

Savings achieved a very good performance, with gross asset inflows up sharply (+13.0% vs. 3Q23). Net asset inflows rose sharply, driven by strong business drive in internal networks and via external distribution. The consolidation of BCC Vita has been effective since the second quarter of 2024, and the offering is gradually developing in the BCC BANCA ICCREA network. internationally, driven by the strength of partnerships and the multi-channel model. The third quarter also featured the development of its offering with the signing of a new partnership in France in CPI with the Simulassur digital platform (Groupe Magnolia). Overall, revenues rose by 6.4% 570m, driven by the strong performance in France and the Operating expenses, 209m, rose in controlled fashion, in connection with business development and ongoing efficiency measures. The jaws effect was positive (+3.3 points). At 407m, pre-tax income at Insurance decreased by 1.0% compared to 3Q23, in connection with

Protection 12.5% vs. 3Q23. It continued its strong increase

more favourable interest-rate environment.

the decrease in the contribution of associates.

IPS Wealth and Asset Management29

The 3rd quarter featured strong growth in assets and operating income. Wealth Management achieved good net asset inflows ( 5.8bn in 3Q24) with all customer segments. Assets under management rose, driven by good net inflows and growing markets. Business activity featured a good level of transactional activity in Commercial & Personal Banking

and internationally. Asset Management also achieved robust net inflows ( 6.6bn in 3Q24), driven by medium- and long-term vehicles. This quarter featured: (i) the success of the SME Debt Fund III private debt fundraising (about 741m in commitments), originated partly in partnership with Group networks; and (ii) the launch of the first ELTIF 2.0-labelled evergreen private debt credit fund, partially aimed towards Private Banking clients. Revenues, 919m, rose by +3.9% compared to 3Q23. They were driven by strong growth in Asset Management³⁰ (+8.9% vs. 3Q23) and growth at Principal Investments. Wealth Management revenues were stable (-0.5% vs. 3Q23) compared to a high 3Q23 basis, despite strong momentum in fees. Revenues decreased in Real Estate in a lackluster market. Operating expenses -1.4% vs. 3Q23), due to ongoing efficiency measures. The jaws effect was very positive (+5.3 points). Pre-tax income at Wealth and Asset Management thus amounted to 239m, up by 23.0% compared to 3Q23. IPS results in the first nine months of 2024 In the first nine months of 2024, revenues 4,381m, up by 2.9% compared to 9M23. Operating expenses 2,643m, stable compared to 9M23. Gross operating income amounted to 1,738m, up by 7.8% compared to 9M23. Pre-tax income amounted to 1,857m, up by 2.9% compared to 9M23.

Revenues arising from these restatements came to - 262m (- 239m in 3Q23), operating 272m ( 236m in 3Q23), and pre- 10m (- 2m in 3Q23).

Corporate Centre results (excluding restatements related to insurance) in 3Q24 Revenues amounted to 65m (- 17m in 3Q23) 213m ( 220m in 3Q23) IT reinforcement costs ( 87m in 3Q23).

CORPORATE CENTRE

Restatements related to insurance in 3Q24

3Q23). 41m in

Cost of risk stood at - Pre-tax income of Corporate Centre excluding restatements related to insurance thus came to - 130m.

- Jaws effect of +0.5 pts excluding DGS tax in Italy paid in 2023. Jaws effect: change in Group revenues between

This project remains subject to the applicable procedures related to the employees concerned and the approval of the competent regulatory and competition authorities
At constant scope and exchange rates
Including 100% of Private Banking (excluding PEL/CEL effects in France)
Excluding Real Estate and Principal Investments
60% stake in Ukrsibbank, the remaining 40% being held by the European Bank for Reconstruction and Development
Calculated in accordance with Regulation (EU) n°2019/876
Calculated in accordance with Regulation (CRR) 575/2013, Art. 451a
Liquid market assets or eligible assets in central banks (counterbalancing capacity), taking into account prudential standards, notably US standards, minus intra-day payment system needs
Dealogic, DCM in EMEA in 9M24, volume by bookrunner
Dealogic, Debt Capital Markets rankings, Syndicated Loans in 9M24, volume ranking by bookrunner
Coalition Greenwich 1H24 Competitor Analytics; tied for no 1, ranking based on revenues of banks in the Top 12 Coalition Index in Transaction Banking (Cash Management and Trade Finance, excluding Correspondent Banking) in 1H24 in EMEA: Europe, Middle East, Africa Asset Management, Wealth Management, Real Estate and Principal Investments Excluding Real Estate and Principal Investments
Dealogic, All ESG Bonds & Loans rankings, EMEA and Global, in volume by bookrunner
Accounts opened since inception, in all countries
Including 2/3 of Private Banking (excluding PEL/CEL effects in France)
Accounted for in the third and fourth quarter of 2023
Headwinds relating to CPBB: -
Impact of non-remuneration of mandatory reserves and Belgian government bonds (- in 3Q24 vs. 3Q23)
At constant scope and exchange rates, with the exception of Türkiye at historical scope and exchange rates in accordance with IAS29
End-of-period increase in the fleet
Including distributed assets
4bn Assets under management of Principal Investments integrated within Asset Management following the creation of the Private Assets franchise
Subject to obtaining the usual applicable approvals

Based on restatement of quarterly series reported on 29 February 2024. Results serving as a basis for calculating and post ramp-up of the Single Resolution Fund (SRF) excluding extraordinary items

Increase in Group revenues between 3Q23 (distributable) and 3Q24 minus the increase in Group operating expenses between 3Q23 (distributable) and 3Q24. For the 2024 trajectory, Increase in Group revenues between 2023 (distributable) and 2024 minus the increase in Group operating expenses between 2023 (distributable) and 2024 3Q23 (distributable) and 3Q24, less change in Group operating expenses between 3Q23 (distributable) and 3Q24 Earnings per share calculated on the basis of Net income of the 3rd quarter of 2024 adjusted for the remuneration of undated super-subordinated notes, and on the average end-of-period number of shares.

CONSOLIDATED PROFIT & LOSS STATEMENT GROUP

	3Q24	3Q23 distr.	3024 /		9M24	9M23 distr.	9M24 /	9M23
€m			3Q23 distr	3Q23			9M23 distr.
Group
Revenues	11,941	11,629	+2.7%	11,581	36,694	35,974	+2.0%	34,976
Operating Expenses and Dep.	-7,213	-7.093	+1 7%	-7,093	-22,326	-22,035	+1.3%	-23,173
Gross Operating Income	4,728	4.536	+4.2%	4,488	14,368	13,939	+3.1%	11,803
Cost of Risk	-729	-734	-0.7%	-734	-2,121	-1,935	+96%	-1,935
Other net losses for risk on financial instruments	-42	O	n.s.	0	-138	O	n.s.	-130
Operating Income	3,957	3,802	+4.1%	3,754	12,109	12,004	+0.9%	9,738
Share of Eamings of Equity-Method Entities	224	193	+16.1%	193	୧୦୨	520	+17.1%	520
Other Non Operating Items	-121	-133	-9.0%	-133	127	-9	n.s.	-ಡಿ
Pre Tax Income	4,060	3,862	+5.1%	3,814	12,845	12,515	+2.6%	10,249
Corporate Income Tax	-1,051	-1,060	-0.8%	-1,060	-3,103	-2,929	+5 9%	-2,929
Net Income Attributable to Minority Interests	-141	-93	+51.6%	-93	-376	-361	+4.2%	-361
Net Income from discontinued activities	0	0	n.s.	O	0	0	n s.	2,947
Net Income Attributable to Equity Holders	2,868	2,709	+5.9%	2,661	9,366	9,225	+1.5%	9,906
Cost/income	60.4%	61.0%	-0.6 pt	61.2%	60.8%	61.3%	-0.5 pt	66.3%

RESULTS BY BUSINESS LINES FOR

RESULTS BY BUSINESS LINES FOR

THE 3RD	QUARTER	2024

		Commercial,
		Personal Banking & Services (2/3 of Private	Investment & Protection Services	CIB	Operating Divisions	Corporate Center	Group
€m		Banking)
Revenues		6,402	1,489	4,247	12,139	-198	11,941
	3Q23 distr.	6,569	1420	3,896	11,885	-256	11629
	2Q24	6,572	1472	4,481	12,525	-255	12,270
Operating Expenses and Dep.		-3,820	-881	-2,571	-7,272	રિતે	-7,213
	3Q23 distr.	-3,858	-884	-2,368	-7,109	16	-7,093
	2Q24	-3,892	-879	-2,489	-7,260	84	-7,176
Gross Operating Income		2,582	609	1,677	4,867	-139	4,728
	3Q23 distr.	2,711	536	1528	4,775	-239	4,536
	2Q24	2,681	593	1,992	5,265	-171	5,094
Cost of Risk		-747	0	-27	-774	3	-771
	3Q23 distr.	-761	-13	47	-727	-7	-734
	2024	-917	2	106	-809	-34	-843
Operating Income		1,835	609	1,649	4.093	-136	3,957
	3Q23 distr.	1,950	523	1,575	4,048	-246	3,802
	2024	1,764	595	2,097	4.456	-205	4,251
Share of Earnings of Equity-Method Entities		163	42	6	211	13	224
	3Q23 distr.	92	80	6	177	টা	193
	2024	83	44	4	130	34	64
Other Non Operating Items		-117	4	3	-124	3	-121
	3Q23 distr.	-113	3	-26	-136	3	-133
	2024	-48	-1	-2	-51	રુક	7
Pre-Tax Income		1,882	647	1.652	4,181	-121	4,060
	3Q23 distr.	1,929	606	1555	4,089	-227	3,862
	2Q24	1,798	638	2,099	4,535	-113	4,422
Corporate Income Tax							-1,051
Net Income Attributable to Minority Interests							-141
Net Income from discontinued activities							0
Net Income Attributable to Equity Holders							2,868

RESULTS BY BUSINESS LINES FOR THE FIRST NINE MONTHS 2024

		Commercial. Personal Banking & Services (2/3 of Private Banking)	Investment & Protection Services	CIB	Operating Divisions	Corporate Center	Group
Em
Revenues		19,481	4,381	13,405	37,268	-574	36,694
	%Change9M 23 distr.	-0.9%	+2 9%	+5.0%	+16%	-19 7%	+2.0%
Operating Expenses and Dep.		-12,085	-2,643	-7,801	-22,529	203	-22,326
	%Change9M 23 distr.	+2 5%	-0.1%	+3.7%	+26%	n.s.	+13%
Gross Operating Income		7,397	1,738	5,604	14,739	-371	14,368
	%Change9M 23 distr	-6.0%	+7 8%	+6.9%	+0.1%	-52 9%	+3.1%
Cost of Risk		-2,389	-2	173	-2,217	-42	-2,259
	%Change9M 23 distr	+18.9%	-88 4%	+39 0%	+16.6%	+236%	+16.7%
Operating Income		5,008	1,736	5.777	12,522	-413	12,109
	%Change9M 23 distr	-146%	+8 7%	+7.7%	-24%	-49 7%	+0.9%
Share of Earnings of Equity -Method Entities		342	126	12	480	129	609
Other Non Operating Items		-151	-4	-5	-160	287	127
Pre-Tax Income		5.199	1,857	5,785	12,841	4	12,845
	%Change9M 23 distr	- 14.0%	+2 9%	+8.2%	-27%	n.s.	+26%
Corporate Income Tax							-3.103
Net Income Attributable to Minority Interests							-376
Net Income from discontinued activifies							0
Net Income Attributable to Equity Holders							9,366

BALANCE SHEET AS OF 30 SEPTEMBER 2024

	30/09/2024	31/12/2023
In millions of euros
ASSETS
Cash and balances at central banks Financial instruments at fair value through profit or loss	186,953	288,259
Securities	311,704	211,634
Loans and repurchase agreements	285,893	227,175
Derivative financial Instruments	282,380	292,079
Derivatives used for hedging purposes	20,100	21,692
Financial assets at fair value through equity
Debt securities	66,944	50,274
Equity securities	1,606	2,275
Financial assets at amortised cost
Loans and advances to credit institutions	58,998	24,335
Loans and advances to customers	874,996	859,200
Debt securities	139,177	121,161
Remeasurement adjustment on interest-rate risk hedged portfolios	(1,035)	(2,661)
Investments and other assets related to insurance activities	273,412	257,098
Current and deferred tax assets Accrued income and other assets	6,761 179,195	6,556 170,758
Equity-method investments	7,206	6,751
Property, plant and equipment and investment property	48,880	45,222
Intangible assets	4,326	4,142
Goodwill	5,590	5,549

TOTAL ASSETS	2,753,086	2,591,499
LIABILITIES
Deposits from central banks	3,254	3,374
Financial instruments at fair value through profi t or loss
Securities	102,009	104,910
Deposits and repurchase agreements	377,496	273,614
Issued debt securities	101,091	83,763
Derivative financial instruments	271,856	278,892
Derivatives used for hedging purposes	34,658	38,011
Financial liabilities at amortised cost
Deposits from credit institutions	85,469	95,175
Deposits from customers	1,011,422	988,549
Debt securities	203,993	191,482
Subordinated debt	30,160	24,743
Remeasurement adjustment on interest-rate risk hedged portfolios	(11,395)	(14,175)
Current and deferred tax liabilities	4,523	3,821
Accrued expenses and other liabilities	147,000	143,673
Liabilities related to insurance contracts	233,396	218,043
Financial liabilities related to insurance activities	18,390	18,239
Provisions for contingencies and charges	9,035	10,518
TOTAL LIABILITIES	2,622,357	2,462,632
EQUITY
Share capital, additional paid-in capital and retained earnings	118,840	115,809
Net income for the period attributable to shareholders	9,366	10,975
Total capital, retained earnings and net income for the period
attributable to shareholders	128,206	126,784
Changes in assets and liabilities recognised directly in equity	(3,245)	(3,042)
Shareholders' equity	124,961	123,742
Minority interests	5,768	5,125
TOTAL EQUITY	130,729	128,867
TOTAL LIABILITIES AND EQUITY	2,753,086	2,591,499

ARTICLE 223-1 OF THE AMF GENERAL REGULATIONS

	ALTERNATIVE PERFORMANCE	INDICATORS
	ARTICLE 223-1 OF THE AMF GENERAL REGULATIONS
Alternative performance measures	Definition	Reason for use
Insurance P&L aggregates (Revenues, Operating expenses, Gross operating income, Operating income, Pre-tax income)	Insurance P&L aggregates (Revenues, Gross operating income, Operating income, Pre-tax income) excluding the volatility generated by the fair value accounting of certain assets through profit and loss (IFRS 9) transferred to Corporate Centre; Gains or losses realised in the event of divestments, as well as potential long-term depreciations are included in the Insurance income profit and loss account. A reconciliation with Group P&L aggregates is provided in	Presentation of the Insurance result reflecting operational and intrinsic performance (technical and financial)
Corporate Centre P&L aggregates	P&L aggregates of Corporate Centre, including restatement of the volatility (IFRS 9) and attributable costs (internal in conjunction with the application of IFRS 9 for insurance activities, including: Restatement in Corporate Centre revenues of the volatility to the financial result generated by the IFRS 9 fair value recognition of certain Insurance assets; recognized in deduction from revenues and no longer booked as operating expenses. These accounting entries relate exclusively to the Insurance business and Group entities (excluding the Insurance business) that distribute insurance contracts (known as internal distributors) and have no effect on gross operating income. The impact of entries related to internal distribution contracts is A reconciliation with Group P&L aggregates is provided in	Transfer to Corporate Centre of the impact contracts in order not to disrupt readability of the financial performance of the various business lines.
Operating division profit and loss account aggregates (Revenues, Net interest revenue, Operating expenses, Gross operating income, Operating income, Pre-tax income)	aggregates, including 2/3 of private banking in France, Italy, Belgium, Luxembourg, Germany, Poland and in Türkiye), IPS and CIB. BNP Paribas Group profit and loss account aggregates = Operating division profit and loss account aggregates + Corporate Centre profit and loss account aggregates. Reconciliation with Group profit and loss account Net interest revenue mentioned in Commercial & Personal Banking includes the net interest margin (as defined in Note 3.a of the financial statements), as well as, to a lesser extent, other revenues (as defined in Notes 3.c, 3.d and 3.e of the financial statements), excluding fees (Note 3.b of the financial statements).	Representative measure of the BNP

Alternative performance measures	Definition	Reason for use
	P&L aggregates of Commercial & Personal Banking or Specialized Businesses distributing insurance contracts exclude the impact of the application of IFRS 17 on the accounting presentation of operating expenses deemed revenues and no longer operating expenses, with the impact carried by Corporate Centre.
Profit and loss account aggregates of Commercial & Personal Banking activity with 100% of Private Banking	Profit and loss account aggregate of a Commercial & Personal Banking activity including the whole profit and loss account of Private Banking Reconciliation with Group profit and loss account	Representative measure of the performance of Commercial & Personal Banking activity including the total performance of Private Banking (before sharing the profit & loss account with the Wealth Management business, Private Banking being under a joint responsibility of Commercial & Personal Banking (2/3) and Wealth Management business (1/3))
Profit and loss account aggregates, excluding PEL/CEL effects (Revenues, Gross operating income, Operating income, Pre-tax income)	Profit and loss account aggregates, excluding PEL/CEL effects. Reconciliation with Group profit and loss account	Representative measure of the aggregates of the period excluding changes in the provision that accounts for the risk generated by PEL and CEL accounts throughout their lifetime.
Cost-income ratio	Ratio of costs to income	Measure of operating efficiency in the banking sector
Cost of risk/customer loans outstanding at the beginning of the period (in basis points)	customer loans outstanding at the beginning of the period	Measure of the risk level by business in percentage of the volume of loans outstanding
Change in operating expenses excluding IFRIC 21 impact	Change in operating expenses excluding taxes and contributions subject to IFRIC 21	Representative measure of the change in operating expenses excluding taxes and contributions subject to IFRIC 21 booked almost entirely in the 1st half of the year, given in order to avoid any confusion compared to other quarters
Return on equity (ROE)	Details of the ROE calculation are disclosed in the Appendix the	on equity
Return on tangible equity (ROTE)	Details of the ROTE calculation are disclosed in the	on tangible equity
Distributable Net Income, Group share	P&L aggregates up to Net Income adjusted in accordance with the announcements made in February 2023 to reflect the sale of Bank of the West on 01.02.2023 but also as the last expected year of the ramp up of the Single Resolution Fund, marked by extraordinary items. - include the effect of the anticipation of the end of the ramp-up of the Single Resolution Fund in 2023	performance in 2023, pivotal year, post impact of the sale of Bank of the West and the last expected year of the contribution to the ramp-up of the Single Resolution Fund, marked by extraordinary items.

Alternative performance measures	Definition	Reason for use
	- exclude the Net Income of entities intended to be sold (application of IFRS 5) (notably the capital gain on the sale of Bank of the West) and additional items related to the sale of Bank of the West - exclude extraordinary items such as the extraordinary negative impact of the hedging adjustment related to changes in the TLTRO terms decided by the ECB in the fourth quarter 2022 and extraordinary provisions for litigation
	The distributable Net Income is used to calculate the ordinary distribution in 2023 as well as to monitor the performance in 2023.
Net Income, Group share excluding exceptional items	Net Income attributable to equity holders excluding exceptional items.	Income excluding non-recurring items of a significant amount or items that do not reflect the underlying operating performance, notably restructuring, adaptation, IT reinforcement and transformation costs.
Coverage ratio of non-performing	Relationship between stage 3 provisions and impaired outstandings (stage 3), balance sheet and off-balance sheet, netted for collateral received, for customers and credit institutions, including liabilities at amortised cost and	Measure of provisioning of non-performing loans

Methodology: Comparative analysis at constant scope and exchange rates

etc.). The underlying purpose of the calculation is to facilitate period-on-period comparisons.

In cases of acquired or created entity, the results of the new entity are eliminated from the constant scope results of current-year periods corresponding to the periods when the entity was not owned in the prior-year.

owned.

The method used to determine the effect of changes in scope of consolidation depends on the type of transaction (acquisition, sale, In cases of change of consolidation method, the policy is to use the lowest consolidation percentage over the two years (current and prior) for results of quarters adjusted on a like-for-like basis.

In cases of divested entities, the entity's results are excluded symmetrically for the prior year for quarters when the entity was not current quarter exchange rate (analysed quarter). All of these calculations are performed by refere currency.

Reminder

Comparative analysis at constant exchange rates is prepared by restating results for the prior-year quarter (reference quarter) at the Net banking income (NBI) Operating expenses: sum of salary and employee benefit expenses, other operating expenses and depreciation, amortisation and indifferently. ^o Investment & Protection Services (IPS) including Insurance, Wealth & Asset Management, which includes Wealth

There are three operating divisions:

o Corporate and Institutional Banking (CIB) including Global Banking, Global Markets, and Securities Services.
o Commercial, Personal Banking and Services (CPBS) including:
- Commercial & Personal Banking in France, in Belgium, in Italy, in Luxembourg, in Europe-Mediterranean;
- Specialised Businesses, with Arval & Leasing Solutions; BNP Paribas Personal Finance; New Digital Businesses
Management, Asset Management, Real Estate and Principal Investments

The figures included in this press release are unaudited.

As a reminder, on 29 February 2024 BNP Paribas reported restated quarterly series for 2023 to reflect, in particular, the end of the build-up of the Single Resolution Fund (SRF), effective 1 January 2024, and the assumption of a similar contribution to local bank taxes at a level estimated at about 200 million euros annually This press release reflects this restatement.

This press release includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives, and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, chang principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations, which may in turn significantly affect expected results. Consequently, actual results may differ from those projected or implied in these forward-looking statements due to a variety of factors. ntral bank interest rate policies, whether due to continued elevated interest rates or potential significant reductions in interest rates, iii) changes in regulatory capital and liquidity rules, iv) continued elevated levels of, or any resurgence in, inflation and its impacts, v) the various geopolitical uncertainties and impacts related notably to the invasion of Ukraine and the conflict in the Middle East, or vi) the precautionary statements included in this press release. The percentage changes stated for indicators in the second quarter 2024 profit-and-loss statement have been third quarter 2024 and first nine months 2024 consist of this press

BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. It should be recalled in this regard that the Supervisory Review and Evaluation Process is carried out each year by the European Central Bank, which can modify each year its capital adequacy ratio requirements for BNP Paribas.

The information contained in this press release as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither BNP Paribas nor its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed.

The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding. calculated with reference to the profit-and-loss statement on a distributable base for the second quarter of 2023, using the restatement of quarterly series reported on 29 February 2024. The 2023 distributable result serves as s intrinsic performance post impact of the Bank of the West sale and post ramp-up of the Single Resolution Fund (SRF) excluding extraordinary items.

release, the attached presentation, and quarterly series. For a detailed information, the quarterly series are available at the following address: https://invest.bnpparibas/document/3q24-quarterly-series. All legally required disclosures, including the Universal Registration document, are available online at https://invest.bnpparibas.com - 1-2 of the French Monetary and Financial Code and Articles 222-1 and seq. of the French Financial Markets Authority General Regulations.

The figures included in this presentation are unaudited.
As a reminder, on 29 February 2024 BNP Paribas reported restated quarterly series for 2023 to reflect, in particular, the end of the build-up of the Single Resolution Fund (SRF), effective 1 January 2024, and the assumption of a similar contribution to local bank taxes at a level estimated at about 200 million euros annually beginning in 2024, as well as an accounting heading separated from cost of risk and entitled "Other net losses for risks on financial instruments", beginning in the fourth quarter 2023. This presentation reflects this restatement.
This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally, or in BNP Paribas' principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this presentation speaks as of the date of this presentation.
Consequently, actual results may differ from those projected or implied in these forward-looking statements due to a variety of factors. These factors include among others: i) BNP Paribas's ability to achieve its objectives, ii) the impacts from central bank interest rate policies, whether due to continued elevated interest rates or potential significant reductions in interest rates, iii) changes in regulatory capital and liquidity rules, iv) continued elevated levels of, or any resurgence in, inflation and its impacts, v) the various geopolitical uncertainties and impacts related notably to the invasion of Ukraine and the conflict in the Middle East, or vi) the precautionary statements included in this presentation.
BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. It should be recalled in this regard that the Supervisory Review and Evaluation Process is carried out each year by the European Central Bank, which can modify each year its capital adequacy ratio requirements for BNP Paribas.
The information contained in this presentation as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither BNP Paribas nor its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed.
The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding. The alternative performance measures are defined in the press release published jointly with this presentation.

		3Q24 (€m)	Chg. vs. 3Q231 distributable
• Revenues up by +2.7%, driven by the diversified and integrated model: very good performance at CIB (+9.0%) and IPS (+4.9%). CPBS (-2.6%) was stable (-0.1%) excluding revenues from used-cars disposals at Arval	⎯ Revenues	11,941	+2.7%
• Positive jaws effect (+1.0 pt*) ; continued implementation of operational efficiency measures (€655m as of 30.09.24, in line with the €1bn expected for 2024)	⎯ Operating expenses	7,213	+1.7%
• Gross Operating Income up by +4.2%	⎯ GOI	4,728	+4.2%
• Cost of risk² stable at 32 bps	⎯ Cost of risk2	32 bps
• Net Income3 up by +5.9%	⎯ Net Income3	2,868	+5.9%
• Earnings per share4 up by 11.2%	⎯ Earnings per share4	€2.38	+11.2%
• Very solid financial structure: prudential consolidation of Arval (30 bps) in 3Q24 ; 2H24 planned securitisation positioned in 4Q24	⎯ CET1	12.7%
• Redeployment of capital from the Bank of the West divestment: the Cardif / AXA IM5 project is a major initiative, repositioning IPS strategically within the Group

	1	2	3	4
	Revenues	Jaws effect1	Cost of risk	Net Income2
2024 trajectory	Growth > +2% over 2023 revenues3 (€46.9bn)	Positive	< 40 bps	> 2023 Net Income3 (€11.2bn)
9M24 results	€36.7bn (+2.0% vs. 9M233 )	+0.6 pt	31 bps	€9.4bn
	• Arval: Negative impacts arising from used-car prices, despite continued organic revenue growth	capital	• CIB: continued market share gains while retaining a balanced allocation of • Improving outlook for Commercial & Personal Banking in the euro zone: 1) positive shift in the rate environment; 2) stabilisation of deposits and loans and 3) gradually decreasing impact of headwinds on business growth • IPS: good momentum in Asset Management and Insurance • Further implementation of operational efficiency measures: €655m achieved as of 30.09.24, €345m expected for 4Q24

PROFIT & LOSS STATEMENT & EXCEPTIONAL ITEMS
---------------------------------------------	--

Profit & loss statement (€m)	3Q24	3Q23 (distributable1 )	3Q23	Chg. vs. 3Q23 distributable1
Revenues	11,941	11,629	11,581	+2.7%
Operating expenses	-7,213	-7,093	-7,093	+1.7%
Gross operating income	4,728	4,536	4,488	+4.2%
Cost of risk	-729	-734	-734	-0.7%
Other net losses for risks on financial instruments2	-42	-	-	n.s.
Operating income	3,957	3,802	3,754	+4.1%
Non-operating items	103	60	60	+71.7%
Pre-tax income	4,060	3,862	3,814	+5.1%
Tax	-1,051	-1,060	-1,060	n.s.
Net Income, Group share	2,868	2,709	2,661	+5.9%

Exceptional items (€m)	3Q24	3Q23 (distributable1 )
Restructuring and adaptation costs (Corporate Centre)	-64	-41
IT reinforcement costs (Corporate Centre)	-81	-87
Total operating expenses	-146	-127
Total exceptional items (pre-tax)	-146	-127

Third quarter 2024 results | 7

CIB (€m)	3Q24	3Q23	Var.	• Global Banking – Revenues : €1,487m (+5.9% vs. 3Q23)
Revenues	4,247	3,896	+9.0%	• Global Markets – Revenues : €2,023m (+12.4% vs 3Q23)
Operating Expenses		-2,571 -2,368	+8.6%	FICC: €1,203m (+11.8% vs. 3Q23);
Gross Operating Income	1,677	1,528	+9.7%	Equity & Prime Services: €820m (+13.2% vs. 3Q23)
Cost of Risk & other provisions	-27	47	n.s.	• Securities Services – Revenues : €737m (+6.6% vs. 3Q23)
Other	3	-21	n.s.
Pre-tax income	1,652	1,555	+6.3%
Cost-income ratio	60.5%	60.8%
				⎯ Global Banking
⎯ 9M24 revenues are up 5.0% vs. 9M23 revenues and up +6.7% vs. 9M22 +6.7%				• Strong increase in Capital Markets activities, particularly in EMEA
12,767 12,561 €m	+5.0%	13,405		• Robust business activity in Advisory, particularly in EMEA and Transaction Banking in the Americas (Trade Finance) and APAC (Cash Management) ⎯ Global Markets • Strong increase in activity in Equity & Prime Services, particularly in Prime Services • Strong increase in activity in credit markets, primary markets in particular • Strong increase in rates and foreign-exchange, particularly in the Americas ⎯ Securities Services • 9.4% increase in average quarterly assets vs. 3Q23, driven by market effects and the implementation of new mandates

CPBS1 (€m)	3Q24	3Q23	% chg.	• Commercial & Personal Banking – Revenues1 : €4,202m (-0.8% vs. 3Q23)
Revenues	6,576	6,754	-2.6%
Operating expenses		-3,912 -3,948	-0.9%	• Specialised Businesses – Revenues1 : €2,374m (-5.7% vs. 3Q23)
Gross operating income	2,664	2,806	-5.1%
Cost of risk & other provisions	-745	-762	-2.2%	⎯ Commercial & Personal Banking
Others	46	-21		• Net interest revenues: Improvement in France (+1.7%), Italy (+2.9%) and
Result attributable to WAM	-92	-92	-	Luxembourg (+2.5%*)
Pre-tax income	1,873	1,931	-3.0%	• Fees: good performance in Italy (+3.8%), Luxembourg (+4.3%)
		59.5% 58.5%		and Europe-Mediterranean (+11.5%); slight increase in France (+1.4%)
Cost-income ratio
Loans (€bn)
Deposits (€bn) ⎯ Increase in outstandings in Specialised Businesses	641 567	635 563	+1.1% +0.8%	• Hello bank!: continued expansion to 3.7 million customers (+6.7%*) ⎯ Specialised Businesses
164	+5.3%		172	• Private Banking: strong growth in assets under management (+11% vs. 30.09.23) • Arval & Leasing Solutions: increase in organic revenues (financial margin and margin on services: +15.3%) at Arval; improvement in production margins for Leasing Solutions • Personal Finance: positive revenue trends (+1.5%) and very positive jaws effect (+2.7 pts) in the core perimeter ; improvement in production margins • New Digital Businesses and Personal Investors: continued development of Nickel (~4.2 million accounts opened2 as of 30.09.24) and good resiliency at Personal Investors
2Q23 3Q23 4Q23	1Q24	2Q24	3Q24	• Arval: continued normalisation of used-car prices • Belgium: market shifts impacting deposit and loan margins

A REINFORCED INTERNAL CONTROL SET-UP
An even more solid compliance, conduct and control set-up and ongoing insertion of reinforced conduct culture into daily operations
• Ongoing improvement of the operating model for combating money laundering and terrorism financing
• A standards-based, risk-adjusted approach, with a risk management set-up shared between business lines and Compliance officers (know-your-client, reviewing unusual transactions, etc.)
• Group-level steering with regular reporting to supervisory bodies
• Ongoing reinforcement of set-up for complying with international financial sanctions
• Thorough and diligent implementation of measures necessary for enforcing international sanctions as soon as they have been published
• Broad dissemination of the procedures and intense centralisation, guaranteeing effective and consistent coverage of the surveillance perimeter
• Continuous optimisation of cross-border transaction filtering and relationship databases screening tools
• Ongoing improvement of the anti-corruption framework with integration into the Group's operational processes
• Strengthening of the conduct and market transactions supervision framework
• Intensified on-line training programme: compulsory programmes for all employees on financial security (Sanctions & Embargos, Combating Money Laundering & Terrorism Financing and on Combating Corruption), protecting clients' interests, market integrity, and all topics dealt in the Group's Code of Conduct.
• Ongoing regular missions of the General Inspection dedicated to auditing financial security within entities generating USD flows. These successive missions have been conducted since the start of 2015 in the form of 18-month cycles. The first six cycles achieved a steady improvement in processing and control mechanisms. The trend has been confirmed during the seventh cycle, which began in January 2024.
Third quarter 2024 results 25

CONCLUSION
	Due to the strength of its diversified and integrated model, BNP Paribas achieved a very good third quarter 2024 Net Income of €2.9bn driven by solid operational performance
	The 2024 trajectory is confirmed
	Thanks to the strong commitment of its teams to serving customers, BNP Paribas is well placed for the new phase of the economic cycle
	An update of the 2026 outlook taking into account the redeployment of capital will be given on the publication of the 2024 annual results

		Third quarter 2024 results 26

Third quarter 2024 results | 27

ENDNOTES (2/2) • Slide 13 1. Cost of risk excluding "Other net losses for risk on financial instruments" • Slide 14	• Slide 22 1. Non-core perimeter corresponding to businesses divested or placed on run-off 2. Organic Revenues: financial margin and margin on services • Slide 23
1. This project remains subject to procedures applicable to the employees concerned and the approval of the competent regulatory and competition authorities 2. ROIC: Projection of net income generated in 2028 by capital redeployed since 2022, divided by the allocation of corresponding CET1 capital (25 bps for the Cardif/AXA IM project)	1. Including distributed assets • Slide 24 1. This project remains subject to procedures applicable to the employees concerned and the approval of the competent regulatory and competition authorities 2. Subject to obtaining the usual applicable authorisations
• Slide 15 1. CET1 SREP requirement, including a countercyclical buffer of 65 bps as of 30.09.24; 2. End-of-period LCR calculated in accordance with Regulation (CRR) 575/2013 art. 451a 3. Leverage: Calculated in accordance with Regulation (EU) n°2019/876	3. Including distributed assets
• Slide 16 1. Benchmark Ethics and Board. Fincanci'Elles: AXA, BNP Paribas, Caisse des Dépôts, Crédit Agricole, Crédit Mutuel, Groupe BPCE, Groupe CCF, Generali France, HSBC Continental Europe, ING France, Malakoff Humanis, Mastercard France, MetLife, La Banque Postale, Scor, Société Générale, Swiss Life France
• Slide 19 1. Dealogic, EMEA DCM and EMEA Syndicated Loans, ranking in transaction volumes by bookrunner
2. Dealogic, All ESG Bonds & Loans ranking, EMEA, transaction volumes by bookrunner 3. Dealogic, retrieved on 1 October 2024; global Capital Markets revenues as defined by aggregate revenues in Global DCM, Global ECM and Global Syndicated Loans in 2018, 2023 and 9M24 4. Dealogic, EMEA & Global DCM in 2018, 2023 and in 9M24, transaction volumes by
bookrunner, volumes and rankings as published by Dealogic • Slide 20 1. Excluding PEL/CEL effects and including 100% of Private Banking for all line items with the exception of "Pre-tax Income"
2. Accounts opened since inception; all countries included • Slide 21 1. Change in average loans during each period at Commercial & Personal Banking in the

⎯ Details by division (3Q24 and 9M24)	⎯ Other items
⎯ CIB	• 9M24 key figures
• Global Banking	• 3Q24 & 9M24 Simplified profit & loss statement
• Global Markets	• 9M24 exceptional items
• Securities Services	• Capital deployment: detail of external growth projects realised and
⎯ CPBS	under progress
Commercial & Personal Banking	• Corporate Centre
• Commercial & Personal Banking in France (CPBF)	• Number of shares and Earnings Per Share
• BNL banca commerciale	• Book value per share
• Commercial & Personal Banking in Belgium (CPBB)	• Return on Equity and Permanent Shareholders' equity
• Commercial & Personal Banking in Luxembourg (CPBL)	• Doubtful loans / gross outstanding; coverage ratio
• Europe-Mediterranean	• Common Equity Tier 1 ratio
Specialised Businesses	• Medium / long-term regulatory funding
• Personal Finance	• MREL ratio
• Arval / Leasing Solutions	• TLAC ratio
• New Digital Businesses and Personal Investors	• Distance to MDA
⎯ IPS	• Basel 3 risk-weighted assets
• Insurance	• Liquidity
• Wealth and Asset Management

⎯	⎯
Investor Relations	Upcoming events
Bénédicte Thibord, Head of Investor Relations and Financial Information Equity Raphaëlle Bouvier-Flory Lisa Bugat Didier Leblanc Olivier Parenty Debt & ratings agencies Didier Leblanc Olivier Parenty	04 Feb. 2025 4Q 24 earnings reporting date 24 April 2025 1Q25 earnings reporting date 24 July. 2025 2Q25 earnings reporting date 28 Oct. 2025 3Q25 earnings reporting date 2024 Deep Dives 11 Dec. 2024 Insurance
Individual shareholders & ESG Antoine Labarsouque [email protected]
Investors & Shareholders BNP Paribas Group	The consensus, compiled and aggregated by the Investor Relations team, is now available via the following link: Equity BNP Paribas
consensus.	It reflects the arithmetic average forecasts of various P&L headings for the Group, sent by analysts invited by BNP Paribas to contribute to the

Third quarter 2024 results | 1

The figures included in this presentation are unaudited.
this restatement.	As a reminder, on 29 February 2024 BNP Paribas reported restated quarterly series for 2023 to reflect, in particular, the end of the build-up of the Single Resolution Fund (SRF), effective 1 January 2024, and the assumption of a similar contribution to local bank taxes at a level estimated at about 200 million euros annually beginning in 2024, as well as an accounting heading separated from cost of risk and entitled "Other net losses for risks on financial instruments", beginning in the fourth quarter 2023. This presentation reflects
	This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally, or in BNP Paribas' principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this presentation speaks as of the date of this presentation.
presentation.	Consequently, actual results may differ from those projected or implied in these forward-looking statements due to a variety of factors. These factors include among others: i) BNP Paribas's ability to achieve its objectives, ii) the impacts from central bank interest rate policies, whether due to continued elevated interest rates or potential significant reductions in interest rates, iii) changes in regulatory capital and liquidity rules, iv) continued elevated levels of, or any resurgence in, inflation and its impacts, v) the various geopolitical uncertainties and impacts related notably to the invasion of Ukraine and the conflict in the Middle East, or vi) the precautionary statements included in this
for BNP Paribas.	BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. It should be recalled in this regard that the Supervisory Review and Evaluation Process is carried out each year by the European Central Bank, which can modify each year its capital adequacy ratio requirements
	The information contained in this presentation as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither BNP Paribas nor its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed.
release published jointly with this presentation.	The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding. The alternative performance measures are defined in the press

		9M24 (€m)	Change vs. 9M231 distributable
• Revenue growth (+2.0%) driven by the diversified and integrated model: very good performance at CIB (+5.0%) and IPS (+2.9%), CPBS was stable (-0.9%; +1.2% excluding revenues from used-cars disposals at Arval)	⎯ Revenues	36,694	+2.0%
• Operational efficiency and positive jaws effect (+0.6 pt): continued implementation of operational efficiency measures (€655m in 3Q24, €345m expected in 4Q24)	⎯ Operating expenses	22,326	+1.3%
• Gross Operating Income	⎯ GOI	14,368	+3.1%
• Cost of risk stable at 31 bps	⎯ Cost of risk2	31 bps
• Net Income3	⎯ Net Income3	9,366	+1.5%
• Earnings per share4 up sharply	⎯ Earnings per share4	€7.70	+7.09%
Very solid financial structure: 2H24 planned securitisation positioned in 4Q24	⎯ CET1	12.7%
• Final stages of redeploying capital from the Bank of the West divestment. The Cardif / AXA IM5 project is a major initiative, repositioning IPS strategically within the Group

€m	3Q24	3Q23 distr.	3Q24 / 3Q23 distr.	3Q23	9M24	9M23 distr.	9M24 / 9M23 distr.	9M23
Group
Revenues	11,941	11,629	+2.7%	11,581	36,694	35,974	+2.0%	34,976
Operating Expenses and Dep.	-7,213	-7,093	+1.7%	-7,093	-22,326	-22,035	+1.3%	-23,173
Gross Operating Income	4,728	4,536	+4.2%	4,488	14,368	13,939	+3.1%	11,803
Cost of Risk	-729	-734	-0.7%	-734	-2,121	-1,935	+9.6%	-1,935
Other net losses for risk on financial instruments	-42	0	n.s.	0	-138	0	n.s.	-130
Operating Income	3,957	3,802	+4.1%	3,754	12,109	12,004	+0.9%	9,738
Share of Earnings of Equity-Method Entities	224	193	+16.1%	193	609	520	+17.1%	520
Other Non Operating Items	-121	-133	-9.0%	-133	127	-9	n.s.	-9
Pre-Tax Income	4,060	3,862	+5.1%	3,814	12,845	12,515	+2.6%	10,249
Corporate Income Tax	-1,051	-1,060	-0.8%	-1,060	-3,103	-2,929	+5.9%	-2,929
Net Income Attributable to Minority Interests	-141	-93	+51.6%	-93	-376	-361	+4.2%	-361
Net Income from discontinued activities	0	0	n.s.	0	0	0	n.s.	2,947
Net Income Attributable to Equity Holders	2,868	2,709	+5.9%	2,661	9,366	9,225	+1.5%	9,906
Cost/income	60.4%	61.0%	-0.6 pt	61.2%	60.8%	61.3%	-0.5 pt	66.3%
Reminder: • • Data based on the restatement of quarterly series reported on 29 February 2024 • 3Q23 and 9M23 data based on the 2023 distributable result serving as a basis for calculating the distribution in 2023 and reflecting the Group's intrinsic performance post impact of the Bank of the West sale and post ramp-up of the Single Resolution Fund (SRF) excluding extraordinary items Corporate income tax: •

Portfolio management and effects of the hyperinflation situation in Türkiye EXCEPTIONAL ITEMS |

€m	9M24	9M23 (distributable1 )
Provisions for litigation (Corporate Centre)	-	-125
Total Revenues	-	-125
Restructuring costs and adaptation costs (Corporate Centre)	-143	-128
IT reinforcement costs (Corporate Centre)	-254	-275
Total Operating expenses	-397	-403
Reconsolidation of activities in Ukraine2 (Corporate Centre)	+226	-
Capital gain on the divestment of Personal Finance activities in Mexico (Personal Finance)	+118	-
Total Other non-operating items	+344	0
Total exceptional items (pre-tax)	-53	-528
Total exceptional items (after-tax)	+42	-394
Effects of the hyperinflation situation in Türkiye3
Impact on pre-tax income	-223	-159
Impact on Net Income, Group share	-189	-243
		Third quarter 2024 results 5

Platforms	Projects	Description	Status
	AXA IM	Exclusive negotiations with AXA for the acquisition of Axa Investment Managers and a long-term partnership in Asset Management (1)	MoU (Closing: Mid 2025)
	HSBC	Agreement signed with HSBC to acquire their Private Banking activities in Germany (2)	Signed (Closing 2H25)
	Neuflize Vie	Acquisition of Neuflize Vie and strategic distribution partnership with Neuflize OBC (2)	Signed ; Deployment in 2025
Insurance BCC Vita Asset Management Wealth Management		Acquisition of a 51% stake in BCC Vita along with a strategic partnership for life insurance in Italy with BCC Banca Iccrea	Closed ; Deployment ongoing
	Ageas	Acquisition of Fosun's 9% stake in Ageas	Closed
	Magalu	Rollover and expansion of distribution partnership with Magazine Luiza
	Pinnacle	Development of pet insurance JV between BNP Paribas Cardif and JAB
	Stellantis	Partnership with Stellantis in 3 European countries (PF, Insurance and CIB)	Closed
	JLR	Partnership with JLR in 9 European countries (PF, Arval, Insurance and CIB)
Mobility	Terberg Business Lease Group	Acquisition by Arval of Terberg Business Lease Group in the Netherlands and Belgium
	Geely	Increased stake of PF in JVs with Geely Group
Payments	Floa	Acquisition of Floa in the buy-now, pay later segment	Closed
	Kantox	Acquisition of Kantox, a leading fintech in automated management of exchange rate risk	Closed
	Bpost banque	Acquisition of the remaining 50% in bpost bank
Others	Bank of Nanjing	Increase of the Group's stake in the consumer credit JV with Bank of Nanjing
	Orange Bank	Referral agreement for Orange Bank customers in France, and transfer of credit portfolios in Spain

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Corporate and Institutional Banking
Revenues	4,247	3,896	+9.0%	13,405	12,767	+5.0%
Operating Expenses and Dep.	-2,571	-2,368	+8.6%	-7,801	-7,525	+3.7%
Gross Operating Income	1,677	1,528	+9.7%	5,604	5,242	+6.9%
Cost of Risk & others	-27	47	n.s.	173	125	+39.0%
Operating Income	1,649	1,575	+4.7%	5,777	5,366	+7.7%
Share of Earnings of Equity-Method Entities	6	6	+2.6%	12	12	+3.2%
Other Non Operating Items	-3	-26	-90.3%	-5	-31	-84.3%
Pre-Tax Income	1,652	1,555	+6.3%	5,785	5,347	+8.2%
Cost/Income	60.5%	60.8%	-0.3 pt	58.2%	58.9%	-0.7 pt
Allocated equity available in quarterly series
 Increase in operating expenses due to robust growth in business activity this quarter; positive jaws effect of +0.4 pt (+0.7 pt at constant scope and exchange rates) — Low cost of risk, due to releases of stage 1 and 2 provisions — Pre-tax income: +6.3% vs. 3Q23 (+7.2% at constant scope and exchange rates)

9M24 vs. 9M23 — Revenues : +5.0% vs. 9M23, increase driven by the three business lines : Global Banking (+5.8% vs. 9M23), Global Markets (+3.6% vs. 9M23) and Securities Services (+8.0% vs. 9M23)

1,487 -718 769 -17 752 1	distr. 1,404 -679 726 46 771	+5.9% +5.8% +6.0% n.s.	4,532 -2,163 2,368	distr. 4,283 -2,067	+5.8% +4.7%



				2,216	+6.9%
			204	132	+54.9%
		-2.4%	2,573	2,348	+9.6%
	1	+9.3%	4	4	+15.1%
0	-5	-99.9%	0	-5	-95.9%
754	768	-1.8%	2,577	2,348	+9.8%
					-0.6 pt

	48.3%	48.3%	+0.0 pt Revenues : +5.9% vs. 3Q23 (+6.7% at constant scope and exchange rates) Pre-tax income: -1.8% vs. 3Q23 (-1.1% at constant scope and exchange rates)	47.7% Operating expenses: +5.8% vs. 3Q23 (+6.6% at constant scope and exchange rates)	48.3%  Positive jaws effect of +0.1 pt (+0.1 pt at constant scope and exchange rates) and +1.1 pt for 9M24

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Global Markets
Revenues	2,023	1,800	+12.4%	6,707	6,476	+3.6%
incl. FICC	1,203	1,076	+11.8%	3,910	4,276	-8.6%
incl. Equity & Prime Services	820	724	+13.2%	2,797	2,200	+27.1%
Operating Expenses and Dep.	-1,301	-1,163	+11.9%	-4,029	-3,898	+3.4%
Gross Operating Income	722	638	+13.2%	2,677	2,578	+3.8%
Cost of Risk & others	-11	1	n.s.	-32	-8	n.s.
Operating Income	710	639	+11.2%	2,646	2,570	+2.9%
Share of Earnings of Equity-Method Entities	0	1	n.s.	1	4	-77.0%
Other Non Operating Items	0	0	n.s.	-2	-5	-48.1%
Pre-Tax Income	710	640	+10.9%	2,644	2,569	+2.9%
Cost/Income	64.3%	64.6%	-0.3 pt	60.1%	60.2%	-0.1 pt
⎯ Revenues: +12.4% vs. 3Q23 (+12.6% at constant scope and exchange rates) ⎯ Operating expenses: +11.9% vs. 3Q23 (+11.7% at constant scope and exchange rates)  Due to strong activity this quarter  Positive jaws effect of +0.5 pt (+0.9 pt at constant scope and exchange rates)			Pre-tax income: +10.9% vs. 3Q23 (+12.4% at constant scope and exchange rates)

CIB | Securities Services – 3Q24 and 9M24 simplified profit & loss statement

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Securities Services
Revenues	737	691	+6.6%	2,167	2,007	+8.0%
Operating Expenses and Dep.	-552	-526	+4.8%	-1,608	-1,560	+3.1%
Gross Operating Income	186	165	+12.5%	558	447	+24.9%
Cost of Risk & others	1	0	+93.9%	0	1	-70.6%
Operating Income	186	165	+12.7%	559	448	+24.7%
Share of Earnings of Equity-Method Entities	4	3	+49.0%	7	4	+63.2%
Other Non Operating Items	-2	-22	-89.6%	-2	-22	-89.6%
Pre-Tax Income	188	147	+28.6%	563	431	+30.8%
Cost/Income	74.8%	76.1%	-1.3 pt	74.2%	77.7%	-3.5 pt

Allocated equity available in quarterly series

— Revenues: +6.6% vs. 3Q23 (+6.4% at constant scope and exchange rates)

— Operating expenses: +4.8% vs. 3Q23 (+4.6% at constant scope and exchange rates)

Increase due to business development

Positive jaws effect of +1.8 pts (+1.8 pts at constant scope and exchange rates)

— Pre-tax income: +28.6% vs. 3Q23 (+28.1% at constant scope and exchange rates)

Securities Services	30.09.24	30.09.23	Var.	30.06.24	Var.
Assets under custody (€bn)	13,439	11,894	+13.0%	13,016	+3.3%
Assets under administration (€bn)	2,658	2,394	+11.0%	2,576	+3.2%
	3Q24	3Q23	Var.	2Q24	Var.
Number of transactions (in million)	39.7	34.5	+15.2%	37.2	+6.8%

Third quarter 2024 results | 15

	€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
	Commercial, Personal Banking & Services1
	Revenues	6,576	6,754	-2.6%	20,026	20,202	-0.9%
	Operating Expenses and Dep.	-3,912	-3,948	-0.9%	-12,382	-12,072	+2.6%
	Gross Operating Income	2,664	2,806	-5.1%	7,644	8,131	-6.0%
	Cost of Risk & others	-745	-762	-2.2%	-2,387	-2,016	+18.4%
	Operating Income	1,918	2,044	-6.1%	5,257	6,115	-14.0%
	Share of Earnings of Equity-Method Entities	163		92 +77.4%	342		258 +32.5%
	Other Non Operating Items	-117	-113	+3.3%	-151	-76	+98.9%
	Pre-Tax Income	1,965	2,023	-2.9%	5,448	6,297	-13.5%
	Income Attributable to WAM	-92	-92	+0.1%	-262	-250	+4.7%
	Pre-Tax Income of CPBS	1,873	1,931	-3.0%	5,186	6,047	-14.2%
	Cost/Income	59.5%	58.5%	+1.0 pt	61.8%	59.8%	+2.0 pt
Revenues1 —	: -0.9% vs. 9M23 (+1.2% vs. 9M23, excluding the impact of the change in revenues on used cars)  Commercial & Personal Banking: positive performance (+0.6% vs. 9M23)  Specialised Businesses: -3.3% vs. 9M23; decrease in revenues at Arval and Leasing Solutions (-6.6% vs. 9M23), related to the change in used-car prices at Arval; decrease in revenues at Personal Finance (-2.5% vs. 9M23) but an increase in the core perimeter (+2.4% vs. 9M23)  New Digital Businesses & Personal Investors: +5.3% vs. 9M23, with continued development of the customer base	1. Excluding PEL/CEL effects and Including 100% of Private Banking for the NBI to Pre-tax income line items – Allocated equity available in quarterly series
—	Operating expenses1 : +2.6% vs. 9M23  Commercial & Personal Banking in the euro zone: moderate increase (+1.1%)
	 Europe-Mediterranean: increase due to the high inflation in Türkiye and Poland  Specialised Businesses: stabilisation of operating expenses (-0.3%). Positive jaws effects at Personal Finance (+2.1 pts, +2.3 pts on the core perimeter), due to the strategic plan, and at Leasing Solutions

Cost of risk1	: increase due mainly to a specific credit situation in France and to a base effect in Europe-Mediterranean Other net losses for risks on financial instruments1	: net provisions in 9M24 set aside for the Act on Assistance to Borrowers in Poland (+€24m) and
— — —	other provisions in Poland (€114m) Pre-tax income2 : -14.2% vs. 9M23

€m			3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
CPBF1
Revenues			1,627	1,602	+1.6%	4,929	4,988	-1.2%
incl. net interest revenue			849		834 +1.7%	2,486	2,645	-6.0%
incl. fees			779		768 +1.4%	2,442	2,343	+4.2%
Operating Expenses and Dep.			-1,134	-1,133	+0.1%	-3,423	-3,427	-0.1%
Gross Operating Income			493		469 +5.2%	1,506	1,561	-3.5%
Cost of Risk & others			-122	-117	+4.2%	-477	-343	+39.1%
Operating Income			371		352 +5.5%	1,028	1,217	-15.5%
Share of Earnings of Equity-Method Entities			0	0	n.s.	0	0	n.s.
Other Non Operating Items			0	0	n.s.	-1	0	n.s.
Pre-Tax Income			371		352 +5.5%	1,027	1,217	-15.6%
Income Attributable to Wealth and Asset Management			-44	-42	+4.3%	-137	-126	+8.4%
			327		309 +5.7%	890	1,091	-18.4%
	Pre-Tax Income of CPBF
Cost/Income 1. Excluding PEL/CEL effects and Including 100% of Private Banking for the Revenues to Pre-tax income line items – Allocated equity available in quarterly series			69.7%	70.7%	-1.0 pt	69.5%	68.7%	+0.8 pt
Average outstandings (€bn)	3Q24	Var. / 3Q23	Var. / 2Q24	9M24	Var. / 9M23
Loans	208.2	-1.4%	+0.1%	208.4	-1.6%
Individual Customers	109.9	-1.3%	+0.1%	109.9	-1.4%
Incl. Mortgages	98.1	-1.3%	+0.2%	98.1	-1.6%
Incl. Consumer Lending	11.8	-1.2%	-0.7%	11.8	-0.4%
Corporates	98.3	-1.5%	+0.0%	98.5	-1.7%
Deposits and savings	231.8	-2.4%	-0.4%	231.5	-3.3%
Current Accounts	117.5	-9.7%	-0.5%	118.3	-13.6%
Savings Accounts	67.9	-0.7%	+0.3%	67.7	-0.7%
Market Rate Deposits	46.3	+18.6%	-1.0%	45.5	+32.4%
Off balance sheet savings		Var. /	Var. /
(€bn)	3Q24	3Q23	2Q24
Life Insurance	112.1	+7.4%	+1.1%

€m			3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
BNL bc1
Revenues			682	660	+3.3%	2,133	2,023	+5.4%
incl. net interest revenue			409	398	+2.9%	1,281	1,201	+6.7%
incl. fees			273	263	+3.8%	851	822	+3.6%
Operating Expenses and Dep.			-418	-448	-6.6%	-1,345	-1,307	+2.9%
Gross Operating Income			264		213 +24.0%	788		716 +10.0%
	Cost of Risk & others				-98 +15.6%	-281	-277	+1.6%
	Operating Income				114 +31.2%	507		440 +15.3%
	Share of Earnings of Equity-Method Entities			0	n.s.	-1	0	n.s.
Other Non Operating Items				0	n.s.	0	-3	n.s.
Pre-Tax Income			0 150		115 +30.8%	507		437 +16.0%
			-8		-4 +79.7%	-23	-16	+40.9%
	Income Attributable to Wealth and Asset Management				110 +28.9%	483		420 +15.1%
	Pre-Tax Income of BNL bc
Cost/Income 1. Including 100% of Private Banking for the Revenues to Pre-tax income line items – Allocated equity available in quarterly series			142 61.3%	67.8%	-6.5 pt	63.1%	64.6%	-1.5 pt
Average outstandings (€bn)	3Q24	Var. / 3Q23	Var. / 2Q24	9M24	Var. / 9M23
Loans	70.9	-4.5%	-0.3%	71.2	-6.2%
Individual Customers	36.3	-3.3%	-0.4%	36.5	-3.7%
Incl. Mortgages	26.4	-2.8%	-0.4%	26.5	-3.0%
Incl. Consumer Lending	5.3	+4.7%	+1.5%	5.2	+3.8%
Corporates	34.5	-5.7%	-0.2%	34.7	-8.8%
Deposits and savings	66.3	+3.7%	-3.2%	67.7	+5.9%
Individual Deposits	37.0	-1.2%	+1.4%	36.8	-1.8%
Incl. Current Accounts	33.5	-4.0%	+0.2%	33.5	-5.5%
Corporate Deposits	29.3	+10.6%	-8.4%	30.9	+16.7%
Off balance sheet savings	3Q24	Var. /	Var. /
(€bn) Life Insurance	21.7	3Q23 -4.2%	2Q24 +0.5%

€m			3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
CPBB1
Revenues			926	1,014	-8.7%	2,827	3,036	-6.9%
incl. net interest revenue			649	731	-11.3%	1,977	2,167	-8.8%
incl. fees			278	283	-2.1%	850	869	-2.1%
Operating Expenses and Dep.			-574	-591	-2.8%	-2,107	-2,070	+1.8%
Gross Operating Income			352	424	-16.9%	720	966	-25.5%
Cost of Risk & others			17	-22	n.s.	-1	-50	-98.6%
Operating Income			369	402	-8.1%	720	917	-21.5%
Share of Earnings of Equity-Method Entities			76	1	n.s.	82	1	n.s.
Other Non Operating Items			2	2	-21.4%	5	6	-19.6%
Pre-Tax Income			446		405 +10.3%	807	925	-12.7%
Income Attributable to Wealth and Asset Management			-25	-26	-2.1%	-61	-65	-6.2%
Pre-Tax Income of CPBB			421		379 +11.1%	746	860	-13.2%
Cost/Income			62.0%	58.2%	+3.8 pt	74.5%	68.2%	+6.3 pt
Average outstandings (€bn)	3Q24	Var. / 3Q23	Var. / 2Q24	9M24	Var. / 9M23
Loans	142.0	+1.6%	-0.2%	141.7	+1.8%
Individual Customers	76.7	+0.8%	+0.2%	76.6	+0.7%
	67.7	+1.8%	+0.3%	67.5	+1.8%
Incl. Mortgages
Incl. Consumer Lending	0.2		+16.5% -20.4%	0.2	+55.1%
Incl. Small Businesses	8.8	-6.1%	-0.1%	8.8	-7.5%
Corporates and Local Governments 65.3		+2.6%	-0.6%	65.1	+3.1%
Deposits and savings Current Accounts	156.6 55.9	-1.5% -8.7%	+1.2% -0.6%	154.7 56.1	-3.3% -12.3%
Savings Accounts	73.8	-5.6%	+0.7%	73.5	-8.7%
Term Deposits	26.8		+37.4% +6.8%	25.1	+61.2%
Off balance sheet savings	3Q24	Var. / 3Q23	Var. / 2Q24
(€bn) Life Insurance	24.4	+1.5%	+0.6%

CPBS | Commercial & Personal Banking in Luxembourg – Good performance

					€m		3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
⎯	Revenues1 : +2.8% vs. 3Q23		CPBL1
					Revenues			152	+2.8%	464	442	+5.0%
⎯	Net interest revenues1 : +2.5% vs. 3Q23, increase				incl. net interest revenue				129 +2.5%	392		371 +5.8%
	driven by good resiliency in margins on deposits,				incl. fees		24		23 +4.3%	72		71 +0.7%
	particularly on individual customers and revaluation on an investment				Operating Expenses and Dep.		-74		-71 +3.0%	-228		-221 +3.4%
					Gross Operating Income		83	81	+2.5%	236	222	+6.7%
					Cost of Risk & others				-4 -29.9%	1	-6	n.s.
	Fees1 ⎯ : +4.3% vs. 3Q23, increase in fees, particularly in				Operating Income		80	77	+4.0%	237		216 +10.0%
	the corporate segment				Share of Earnings of Equity-Method Entities		0	0	n.s.	0	0	n.s.
					Other Non Operating Items		0		0 +13.4%	0		0 -99.5%
⎯	Operating expenses1		: +3.0% vs. 3Q23, increase		Pre-Tax Income		80	77	+3.7%	237	216	+9.7%
	driven by inflation				Income Attributable to Wealth and Asset Management		-2 78		-2 +23.1%	-6		-5 +17.5%
					Pre-Tax Income of CPBL			76	+3.3%	231	211	+9.5%
⎯	Pre-tax income2		: +3.3% vs. 3Q23, good growth in GOI		Cost/Income		47.1%	47.0%	+0.1 pt	49.1%	49.9%	-0.8 pt
	and low cost of risk
(€bn)	Average outstandings	3Q24	Var. / 3Q23	Var. / 2Q24	9M24	Var. / 9M23
Loans		12.8	-2.4%	-0.3%	12.8	-2.4%
8.2 1.1% Individual Customers			1.3%	8.1	-0.4%

4.6	-8.2%	-3.0%	4.7	-5.7%
30.8	6.9%	4.9%	29.5	3.1%
11.8	-11.3%	-0.3%	11.8	-16.9%
11.5	71.2%	19.7%	9.7	37.2%
7.5	-14.7%	-5.3%	7.9	9.1%

	Var. /	Var. /
	3Q23	2Q24
1.0	+2.2%	+0.8%
2.1	+11.9%	+1.3%
	3Q24

Third quarter 2024 results | 25

	— TEB: a solid and well-capitalised bank
	• Context: normalisation of monetary policy and gradual adaptation to the regulatory framework in Türkiye (remuneration of regulatory reserves since 2Q24, subject to conditions)
	• Solvency ratio1 of 14.20% as of 31.08.24
	• Self-financed
⎯	measuring unit to reflect the general trend in prices Main effects at the Group level as at 30.09.24 and in 3Q24 of applying IAS 29 in Türkiye and of reflecting the performance of the hedge (CPI linkers, inflation-linked bonds) in "other non-operating items" Positive cumulative impact as of 30.09.24 on shareholders' equity (+€150m), of which +€9m in 3Q24 •
	Overall negative impact on pre-tax income booked in 9M24 (-€223m) and 3Q24 (-€65m) •
	Overall negative impact on Net income, Group share booked in 9M24 (-€189m) and in 3Q24 (-€60m) •

— 9M24 perimeter vs. 9M23					€m					3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
 Revenues: -2.5%, +2.4%*						Personal Finance
					Revenues					1,249	1,292	-3.3%	3,811	3,907	-2.5%
 Operating expenses: -4.6%, +0.1%*				, positive		Operating Expenses and Dep.				-672	-713	-5.7%	-2,109	-2,210	-4.6%
jaws effect of +2.1 pts (+2.3 pts*			)			Gross Operating Income				577		580 -0.5%	1,702	1,697	+0.3%
						Cost of Risk & others				-380	-397	-4.3%	-1,183	-1,117	+5.9%
 Effect of the increase in cost of risk due to the						Operating Income				197		183 +7.9%	519		579 -10.4%
current cycle despite the structural improvement
in the risk profile							Share of Earnings of Equity-Method Entities			8		18 -57.5%	29		37 -22.3%
						Other Non Operating Items				-51	-4	n.s.	68		39 +75.1%
 Pre-tax income: -6.0%, -13.0%*						Pre-Tax Income				154		197 -21.9%	616	655	-6.0%
						Cost/Income				53.8%	55.2%	-1.4 pt	55.4%	56.6%	-1.2 pt
— Reminder: implementation of geographical refocusing: divestments and run-off of activities in 10 countries  Divestment of entities: Central and Eastern Europe (Bulgaria, Czech Republic, Slovakia and Hungary) and Mexico  Run-off of activities under way: Romania, Brazil, and Nordic countries (Sweden, Denmark and Norway)
Average outstandings			3Q24		Var. /3Q23 historical at constant scope and exchange		Var. /2Q24 historical at constant scope and exchange	9M24		Var. /9M23 historical at constant scope and exchange
(€bn)					rates		rates			rates
			106.4 127.8	+1.1% +3.5%	+3.7% +5.6%	+0.1% +0.5%	+0.0% +0.7%	106.7 127.6	+4.1% +6.6%	+6.1% +8.4%
Total consolidated outstandings Total outstandings under management (1) (1) Including 100% of outstandings of subsidiaries not fully owned as well as of all partnerships Annualised cost of risk / outstandings as at beginning of period France Italy	3Q23 1.55% 1.80%	4Q23 2.13% 1.72%	1Q24 1.58% 1.81%	n.s. 2Q24 1.90% 2.07%	n.s. 3Q24 1.21% 1.79%	n.s.	n.s.		n.s.	n.s.
	1.68%	2.58%	1.85%	1.27%	2.68%
	1.19%	1.58%	1.09%	1.08%	0.97%
	0.67% 3.10%	-0.04% 3.08%	0.06% 0.82%	0.59% 1.94%	0.35% 0.12%
Spain Other Western Europe Eastern Europe Brazil Others	1.79%	1.85%	2.07%	2.94%	2.80%

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Arval & Leasing Solutions
Revenues	857	958	-10.6%	2,788	2,986	-6.6%
Operating Expenses and Dep.	-381	-367	+3.6%	-1,153	-1,104	+4.4%
Gross Operating Income	477	591	-19.4%	1,635	1,882	-13.1%
Cost of Risk & others	-32	-46	-28.9%	-137	-117	+16.9%
Operating Income	444	546	-18.6%	1,498	1,765	-15.1%
Share of Earnings of Equity-Method Entities	0	0	n.s.	0	0	n.s.
Other Non Operating Items	-4	12	n.s.	-30	-9	n.s.
Pre-Tax Income	440	557	-20.9%	1,468	1,756	-16.4%
Cost/Income	44.4%	38.3%	+6.1 pt	41.3%	37.0%	+4.3 pt
Allocated equity available in quarterly series €m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
New Digital Businesses & Personal Investors1
Revenues	268	266	+0.7%	801	760	+5.3%
Operating Expenses and Dep.	-180	-170	+6.1%	-542	-502	+8.0%
Gross Operating Income	88	96	-8.8%	259	259	+0.0%
Cost of Risk & others	-27	-29	-7.1%	-72	-81	-10.5%
Operating Income	61	67	-9.5%	187	178	+4.8%
Share of Earnings of Equity-Method Entities	-2		-2 -18.3%	-5	-6	-15.9%
Other Non Operating Items	1	0	n.s.	3	0	n.s.
Pre-Tax Income	60	65	-8.4%	184	172	+6.9%
Income Attributable to Wealth and Asset Management	-1		-1 +47.5%	-3	-3	+8.0%
Pre-Tax Income of NDB & PI	59	64	-9.2%	181	169	+6.9%
Cost/Income	67.3%	63.8%	+3.5 pt	67.7%	65.9%	+1.8 pt

⎯ Arval			Var. /3Q23		Var. /2Q24			Var. /9M23
Average outstandings (€bn)	3Q24	historical	at constant scope and exchange rates		historical at constant scope and exchange rates	9M24		historical at constant scope and exchange rates
Consolidated Outstandings	39.9	+20.1%	+20.4%	+3.2%	+3.3%	38.5	+22.4%	+22.5%
Financed vehicles ('000 of vehicles)	1,765	+5.8%	+5.8%	+1.0%	+1.0%	1,745	+6.3%	+6.3%
Average outstandings (€bn)	3Q24	historical	Var. /3Q23 at constant scope and exchange rates		Var. /2Q24 historical at constant scope and exchange rates	9M24		Var. /9M23 historical at constant scope and exchange rates
Consolidated Outstandings	24.3	+2.8%	+2.8%	+0.9%	+0.9%	24.1	+2.7%	+2.7%
⎯ New Digital Businesses & Personal Investors Average outstandings	3Q24	Var. /	Var. /	9M24	Var. /
(€bn) Loans	1.9	3Q23 +6.7%	2Q24 +1.7%	1.8	9M23
					+5.8%

(€bn) 3Q23 2Q24 Assets under management 186.0 +13.2% +0.1% European Customer Orders (millions) 8.3 -9.8% -3.5%

Third quarter 2024 results | 35

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Investment & Protection Services						n.s.
Revenues	1,489	1,420	+4.9%	4,381	4,259	+2.9%
Operating Expenses and Dep.	-881	-884	-0.4%	-2,643	-2,646	-0.1%
Gross Operating Income	609	536	+13.5%	1,738	1,613	+7.8%
Cost of Risk & others	0	-13	n.s.	-2	-16	-88.4%
Operating Income	609	523	+16.5%	1,736	1,597	+8.7%
Share of Earnings of Equity-Method Entities	42	80	-47.1%	126	206	-38.9%
Other Non Operating Items	-4	3	n.s.	-4	3	n.s.
Pre-Tax Income	647	606	+6.7%	1,857	1,805	+2.9%
Cost/Income	59.1%	62.2%	-3.1 pt	60.3%	62.1%	-1.8 pt
Allocated equity available in quarterly series Revenues: +4.9% vs. 3Q23, growth driven by very strong momentum in Insurance and Asset Management Operating expenses: -0.4% vs. 3Q23
• Decrease in operating expenses thanks to efficiency and savings measures, offsetting targeted investments • Very positive jaws effect (+5.2 pts)
3Q24 / 3Q23 — — — Pre-tax income: +6.7% vs. 3Q23, despite the decrease in contribution by associates 9M24 / 9M23
Revenues: +2.9% vs. 9M23 —
• Growth of revenues at Wealth Management, Insurance and Asset Management1
Operating expenses: -0.1% vs. 9M23
— • Very positive jaws effect (+3.0 pts)

€m	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
Insurance
Revenues	570	536	+6.4%	1,702	1,617	+5.3%
Operating Expenses and Dep.	-209	-202	+3.1%	-618	-608	+1.7%
Gross Operating Income	362	334	+8.4%	1,084	1,009	+7.4%
Cost of Risk & others	0	0	n.s.	0	0	n.s.
Operating Income	362	334	+8.4%	1,084	1,009	+7.4%
Share of Earnings of Equity-Method Entities	50	78	-36.1%	139	183	-24.3%
Other Non Operating Items	-4	0	n.s.	-4	-1	n.s.
Pre-Tax Income	407	411	-1.0%	1,219	1,192	+2.3%
Cost/Income	36.6%	37.8%	-1.2 pt	36.3%	37.6%	-1.3 pt
Allocated equity available in quarterly series — IFRS 17 "Insurance contracts" has replaced IFRS 4 "Insurance contracts" since 01.01.23. IFRS 17 entered into force at the same time as the implementation of IFRS 9 for insurance activities. — The impact of volatility generated by the fair value accounting of assets through profit and loss (IFRS 9) is presented in Corporate Centre and therefore has no impact on Insurance revenues.
	3Q24	3Q23 distr.	Var.	9M24	9M23 distr.	Var.
€m WAM
Revenues	919	884	+3.9%	2,679	2,642	+1.4%
Operating Expenses and Dep.	-672	-681	-1.4%	-2,025	-2,038	-0.7%
Gross Operating Income	247		202 +21.8%	654	603	+8.4%
Cost of Risk & others	0	-13	n.s.	-2	-16	-88.4%
Operating Income	247		189 +30.7%	652		587 +11.0%
Share of Earnings of Equity-Method Entities	-7	2	n.s.	-13	22	n.s.
Other Non Operating Items	0	4	n.s.	-1	4	n.s.
Pre-Tax Income	239		195 +23.0%	638	613	+4.1%
Cost/Income	73.1%	77.1%	-4.0 pt	75.6%	77.2%	-1.6 pt

€m		3Q24 3Q23 distr.	Var.	3Q23		9M24 9M23 distr.	Var.	9M23
Corporate Center : restatement related to insurance activities of the volatility (IFRS9) and attributable costs (internal distributors)
Revenues	-262	-239	+9.9%	-239	-813	-809	+0.6%	-809
Restatement of the volatility (Insurance business)	10	-2	n.s.	-2	9	-51	n.s.	-51
Restatement of attributable costs (Internal Distributors)	-272	-236	+14.9%	-236	-822	-757	+8.5%	-757
Operating Expenses and Dep.	272	236	+14.9%	236	822	757	+8.5%	757
Restatement of attributable costs (Internal Distributors)	272	236	+14.9%	236	822	757	+8.5%	757
Gross Operating Income	10	-2	n.s.	-2	9	-51	n.s.	-51
Operating Income	10	-2	n.s.	-2	9	-51	n.s.	-51
Pre-Tax Income	10	-2	n.s.	-2	9	-51	n.s.	-51
Allocated equity available in quarterly series
Since 01.01.23, Corporate Centre includes two restatements related to the application of IFRS 17, alongside the implementation — of IFRS 9 for insurance activities. For a better readability, these restatements will be reported separately each quarter. — Operating expenses deemed "attributable to insurance activities" are recognised in deduction of Revenues and no longer booked in operating expenses. The impact of these entries for internal distributors is presented in Corporate Centre. These entries have no impact on gross operating income — The impact of volatility generated by the fair value accounting of assets through profit and loss (IFRS 9) is presented in Corporate Centre and therefore has no impact on Insurance revenues.

CORPORATE CENTRE | Excluding restatements related to insurance activities - 3Q24 and 9M24

Corporate Center excl. restatement related to insurance activities of the volatility (IFRS9) and attributable costs (internal distributors) Revenues 65 -17 n.s. -65 240 94 n.s. -904 -220 Operating Expenses and Dep. -213 -220 -3.1% -619 -831 -25.4% -1,969 Incl. Restructuring, IT Reinforcement and Adaptation Costs -146 -127 +14.3% -127 -397 -403 -1.4% -639 -149 -237 -37.3% -285 -380 -736 -48.4% -2,872 3 -7 n.s. -7 -41 -34 +22.6% -34 -1 0 n.s. 0 0 0 n.s. -130 Other net losses for risk on financial instruments -146 -244 -40.2% -292 -421 -770 -45.3% -3,036 16 Share of Earnings of Equity-Method Entities 13 16 -17.3% 129 45 n.s. 45 3 3 3 -11.6% 287 95 n.s. 95 Pre-Tax Income -130 -225 -42.2% -273 -5 -630 -99.3% -2,897 Allocated equity available in quarterly series — Revenues  Revaluation of proprietary credit risk included in derivatives (DVA): +€52m (+€22m in 3Q23) Operating expenses —  Restructuring and adaptation costs: -€64m (-€41m in 3Q23)  IT reinforcement costs: -€81m (-€87m in 3Q23) — 3Q24 Pre-tax income: -€130m		3Q24 3Q23 distr.	Var.	3Q23	9M24 9M23 distr.	Var.	9M23
	€m



	Gross Operating Income
	Cost of Risk

	Operating Income

	Other Non Operating Items

NUMBER OF SHARES AND EARNINGS PER SHARE

Number of Shares
(In millions)	30-Sep-24	30-Sep-23
Number of Shares (end of period)	1,131	1,173
Number of Shares excluding Treasury Shares (end of period)	1,128	1,170
Average number of Shares outstanding excluding Treasury Shares	1,135	1,215

Reminder: 16,666,738 shares were bought for the 2024 buyback program

(In millions)	30-Sep-24	30-Sep-231
Net income attributable to equity holders	9,366	9,225
Remuneration net of tax of Undated Super Subordinated Notes	-571	-488
Exchange rate effect on reimbursed Undated Super Subordinated Notes	-58	0
Net income attributable to equity holders, after remuneration and exchange rate effect on Undated Super Subordinated Notes	8,737	8,737
Average number of Shares outstanding excluding Treasury Shares	1,135	1,215
Net Earnings per Share (EPS) in euros	7.70	7.19

Third quarter 2024 results | 47

47

BOOK VALUE PER SHARE in millions of euros 30-Sep-24 30-Sep-23 Shareholders' Equity Group share 124,961 124,138 (1) of which Changes in assets and liabilities recognised directly in equity (valuation reserve) -3,245 -3,106 of which Undated Super Subordinated Notes 12,138 13,473 (2) of which Remuneration net of tax payable to holders of Undated Super Subordinated Notes 139 121 (3) Net Book Value (a) 112,684 110,544 (1)-(2)-(3) Deduction of Goodwill and intangibles -9,859 -9,522 Tangible Net Book Value (a) 102,825 101,022 Number of Shares excluding Treasury Shares (end of period) in millions 1,128 1,170 Book Value per Share (euros) 99.9 94.5 of which book value per share excluding valuation reserve (euros) 102.7 97.1 Net Tangible Book Value per Share (euros) 91.1 86.3 (a) Excluding Undated Super Subordinated Notes and remuneration net of tax payable to holders of Undated Super Subordinated Notes

Permanent Shareholders' Equity Group share, not revaluated, used for the calculation of ROE and ROTE (based on reported results)

in millions of euros	30-Sep-24	30-Sep-23
Net Book Value	112,684	110,544	(1)
of which changes in assets and liabilities recognised directly in equity (valuation reserve) •	-3,245	-3,106	(2)
* Inclusion of annualisation of restated result (a)	3,240	3,191	(3)
2023 dividend distribution project	-	-6,883	(4)
2024 dividend distribution project	-7,069	-	(5)
Restatement of remuneration of Undated Super Subordinated Notes for the annualised calculation	-196	-166	(6)
Permanent shareholders' equity, not revaluated, used for the calculation of ROE (b)	111,904	109,792	(1)-(2)+(3) +(4)+(5)+(6)
Deduction of goodwill and intangibles	-9,859	-9,522
Tangible permanent shareholders' equity, not revaluated, used for the calculation of ROTE (b)	102,045	100,270
Average permanent shareholders' equity, not revaluated, used for the ROE calculation (c)	109,341	108,446
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (d)	99,583	97,690
(a) 1/3 of 9M Net Income Group share excluding exceptional items but including IT reinforcement, adaptation and restructuring costs and excluding contribution to levies after tax (b) Excluding Undated Super Subordinated Notes, remuneration net of tax payable to holders of Undated Super Subordinated Notes, and including the assumptions of distribution of net income
(c) Average Permanent shareholders' equity: average between beginning of the year and end of the period including in particular annualised net income as at 30 September 2024 with exceptional items and contribution to taxes not annualised (Permanent Shareholders' equity = Shareholders' equity attributable to shareholders - changes in assets and

liabilities recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend

distribution assumption) (d) Average Tangible permanent shareholders' equity: average between beginning of the year and end of the period including in particular annualised net income as at 30 September 2024 with exceptional items and contribution to taxes not annualised (Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill)

Third quarter 2024 results | 49

Calculation of Return on Equity
in millions of euros	30-Sep-24	30-Sep-23
Net income Group share	9,366	9,906	(1)
Exceptional items (after tax) (a)	42	1,587	(2)
of which exceptional items (not annualised)	261	1,853	(3)
of which IT reinforcement and restructuring costs (annualised)	-219	-267	(4)
Contribution to the Single Resolution Fund (SRF) and levies after tax	-614	-1,521	(5)
Net income Groupe share, not revaluated (exceptional items, contribution to SRF and taxes not annualised) (b)	12,898	13,452	(6)
Remuneration net of tax of Undated Super Subordinated Notes and exchange effect	-825	-654
Impact of annualised IT reinforcement and restructuring costs	-292	-356
Net income Groupe share used for the calculation of ROE / ROTE (c)	11,781	12,443
Return on Equity (ROE)	10.8%	11.5%
Average tangible permanent shareholders' equity, not revaluated, used for the ROTE calculation (e)	99,583	97,690
Return on Tangible Equity (ROTE)	11.8%	12.7%
(a) See slide 5 (b) Based on annualised reported Net Income, Group share as at 30 September 2024, (6)=4/3*[(1)-(2)-(5)]+(3)+(5)
(c) Based on annualised reported Net income, Group share as at 30 September 2024 (d) Average Permanent shareholders' equity: average between beginning of the year and end of the period including in particular annualised reported Net Income as at 30 September 2024 with exceptional items and taxes not annualised (Permanent Shareholders' equity = Shareholders' equity attributable to shareholders – changes in assets and liabilities recognised directly in equity - Undated Super Subordinated Notes - remuneration net of tax payable to holders of Undated Super Subordinated Notes - dividend distribution assumption) (e) Average Tangible permanent shareholders' equity: average between beginning of the year and end of the period including in particular annualised reported Net Income as at
30 September 2024 with exceptional items and taxes not annualised (Tangible permanent shareholders' equity = permanent shareholders' equity - intangible assets - goodwill)

Doubtful loans / gross outstandings
	30 September 2024	30 September 2023
Doubtful loans (a) / Loans (b)	1.7%	1.7%


Coverage ratio	30 September 2024	30 September 2023
Allowance for loan losses (a)	14.0	14.1
Doubtful loans (b)	20.3	20.1
Stage 3 coverage ratio	69.2%	69.8%

Basel 3 Common Equity Tier 1 ratio1
(Accounting capital to prudential capital reconciliation)
€bn	30-Sep-24	30-Jun-24
Consolidated Equity2	130.7	127.8
Undated super subordinated notes	-12.1	-12.1
2024 net income distribution project3	-5.2	-3.6
Regulatory adjustments on equity4	-2.0	-1.4
Regulatory adjustments on minority interests	-3.4	-3.3
Goodwill and intangible assets	-7.7	-7.6
Deferred tax assets related to tax loss carry forwards	-0.2	-0.2
Other regulatory adjustements	-2.3	-2.6
Deduction of irrevocable payments commitments	-1.5	-1.5
Common Equity Tier One capital	96.3	95.5
Risk-weighted assets	759	733
Common Equity Tier 1 Ratio	12.7%	13.0%
1. CRD5; 2. Including the 2024 share repurchase program fully executed on 30.06.24; 3. Subject to the approval of the Annual General Meeting of 13 May 2025; 4. Including Prudent Valuation Adjustment
Capital ratios (a)
	30-Sep-24	30-Jun-24
Total Capital Ratio	16.7%	16.9%
Tier 1 Ratio	14.7%	15.1%
Common Equity Tier 1 ratio	12.7%	13.0%
(a) CRD5 on risk-weighted assets of €759bn as at 30.09.24 and €733bn as at 30.06.24

ENDNOTES (1/2)

• Slide 3

1. Based on restatement of quarterly series reported on 29 February 2024. Results serving as a basis for calculating the distribution in 2023 and reflecting the Group's intrinsic performance post impact of the Bank of the West sale and post ramp-up of the Single
Resolution Fund (SRF) excluding extraordinary items 2. Cost of risk does not include "Other net losses for risks on financial instruments" 3. Net income, Group share
1. Earnings per share calculated on the basis of Net income of the first nine months of 2024 adjusted for the remuneration of undated super-subordinated notes and average number of shares in circulation during the period. See slide in the appendices
1. This project remains subject to procedures applicable to the employees concerned and the approval of the competent regulatory and competition authorities

• Slide 5

1. Based on restatement of quarterly series reported on 29 February 2024. Results serving as a basis for calculating the distribution in 2023 and reflecting the Group's intrinsic performance post impact of the Bank of the West sale and post ramp-up of the Single Resolution Fund (SRF) excluding extraordinary items 2. 60% stake in Ukrsibbank; the other 40% is held by the European Bank for Reconstruction
and Development 3. Effects of the application of IAS 29 and reflecting the performance of the hedge in Türkiye (CPI linkers)

Slide 6

This project remains subject to procedures applicable to the employees concerned and the approval of the competent regulatory and competition authorities 2. Subject to obtaining the usual applicable authorisations

• Slide 9

Dealogic, DCM in EMEA in 9M24, volume by bookrunner

2. At constant scope and exchange rates

Dealogic, DCM and Syndicated Loans in EMEA in 9M24, volume ranking by bookrunner 4. Coalition Greenwich 1H24 Competitor Analytics; tied for no 1, ranking based on revenues of banks in the Top 12 Coalition Index in Transaction Banking (Cash Management and Trade Finance, excluding Correspondent Banking) in 1H24 in EMEA: Europe, Middle East,

Africa 5. Dealogic, All ESG Bonds & Loans rankings, EMEA and Global, in volume by bookrunner.

• Slide 11 1. Bloomberg and FXAll, 9M24

1. Tradeweb and Bloomberg, 9M24 et 3T24
1. Tradeweb, 9M24 4. Bloomberg, 9M24
1. EUREX, 3T24 6. Implied Repo (through Index and Single Stock Total Return Futures), EUREX, 3T24
Slide 13
1. VaR calculated to monitor market limits
Slide 17

1. Including 100% of Private Banking

1. Including 2/3 of Private Banking
Slide 18
1. Including 100% of Private Banking 2. Including 2/3 of Private Banking

• Slide 19

1. Source: Banque de France, August 2024: sight deposits, Livret A, ordinary passbooks,
PELs, other savings accounts, LDDS
1. Including 100% of Private Banking excluding PEL/CEL effects (NBI impacts +€8.8m in 3Q24; -€1.8m in 3Q23)
1. Including 2/3 of Private Banking

• Slide 22

1. Including 100% of Private Banking
1. Booked in 3Q and 4Q in 2023
1. Including 2/3 of Private Banking

• Slide 23

- 1. Including 100% of Private Banking 2. Non-remuneration of mandatory reserves and Belgian government bonds (-€43m in 3Q24

vs. 3Q23) 3. Including 2/3 of Private Banking

• Slide 25

Including 100% of Private Banking 2. Including 2/3 of Private Banking

Third quarter 2024 results | 59

• Slide 26
1. At constant scope and exchange rates
2. Application of IAS 29 and reflecting the performance of the hedge (CPI linkers),
depreciation of TRY vs. EUR (-24% vs. 3Q23) and +9% increase in CPI on the quarter
3. 60% stake in Ukrsibbank held by BNP Paribas
4. Including 100% of Private Banking
5. At constant scope and exchange rates excluding Türkiye at historical exchange rates, by
virtue of IAS 29
6. Including 2/3 of Private Banking
• Slide 27
1. End-of-period rate applying IAS 29 to Türkiye
2. Average exchange rates
3. At constant scope and exchange rates excluding Türkiye at historical exchange rates, by
virtue of IAS 29
4. Including 100% of Private Banking
5. Including 2/3 of Private Banking
• Slide 28
1. Capital adequacy ratio (CAR)
• Slide 30
1. At constant scope and exchange rates
2. 2019-3Q24 average calculated on the basis of management data and average
outstandings excluding Floa

• Slide 39
1. Including distributed assets
2. Real Estate assets under management: €24bn. Principal Investments assets under
management integrated into Asset Management following the creation of the Private
Assets franchise
Slide 41
•
1. Asset Management, Wealth Management, Real Estate and Principal Investments
2. Excluding Real Estate and Principal Investments
3. Subject to obtaining the usual applicable authorisations
4. Including Principal Investments

• Slide 32
1. End-of-period increase in the fleet

• Slide 33
1. Accounts opened since inception, total for all countries
2. Including 100% of Private Banking in Germany
3. Including 2/3 of Private Banking in Germany
• Slide 38
1. Including distributed assets

2. RISK AND CAPITAL ADEQUACY – PILLAR 3 (NOT AUDITED)

KEY FIGURES

The capital ratio data below take into account the transitional provisions related to the introduction of IFRS 9 (Article 473a of Regulation (EU) No. 575/2013 as amended by Regulation (EU) No. 2020/873). The impact of these transitional measures on regulatory capital and regulatory ratios is presented under Regulatory capital (see Table 16 IFRS9-FL).

As a reminder, the Group carried out in full in the first half of 2024 the 2024 share buyback programme for a total amount of EUR 1.055 billion.

Since 1 July 2024, the entities, under exclusive control, of the Arval business are fully consolidated in the prudential scope. As at 30 September 2024, this evolution had an impact of -30 basis points on the Group's Common Equity Tier 1 (CET1) ratio linked to the 20.2 billion euro increase in these entities' riskweighted assets, mainly on credit risk.

Update of the 2023 Universal Registration Document, table 1 pages 388-389.

► TABLE 1: KEY INDICATORS (EU KM1)

		a	b	c	d	e
		30 September	30 June	31 March	31 December	30 September
	In millions of euros	2024	2024	2024	2023	2023
	Available own funds
1	Common Equity Tier 1 (CET1) capital	96,255	95,506	94,383	92,857	93,983
2	Tier 1 capital	111,853	110,303	109,146	107,501	108,716
3	Total capital	126,867	124,075	123,246	121,744	124,497
	Risk-weighted assets
4	Total risk-weighted assets	759,445	732,758	722,349	703,694	699,257
	Capital ratios (as a percentage of risk-weighted assets)
5	Common Equity Tier 1 ratio	12.67%	13.03%	13.07%	13.20%	13.44%
6	Tier 1 ratio	14.73%	15.05%	15.11%	15.28%	15.55%
7	Total capital ratio	16.71%	16.93%	17.06%	17.30%	17.80%
	Additional own funds requirements in relation to on SREP (Pillar 2 requirement as a percentage of risk-weighted assets)
EU 7a	Total Pillar 2 requirements	1.77%	1.77%	1.77%	1.57%	1.57%
EU 7b	Of which Additional CET1 SREP requirements	1.11%	1.11%	1.11%	0.88%	0.88%
EU 7c	Of which Additional AT1 SREP requirements	1.40%	1.40%	1.40%	1.18%	1.18%
EU 7d	Total SREP own funds requirements	9.77%	9.77%	9.77%	9.57%	9.57%
	Combined buffer requirement (as a percentage of risk-weighted assets)
8 EU 8a	Capital conservation buffer Conservation buffer due to macro-prudential or systemic risk identified at the level of a Member State (%)	2.50%	2.50%	2.50%	2.50%	2.50%
9	Countercyclical capital buffer	0.65%	0.65%	0.59%	0.40%	0.41%
EU 9a	Systemic risk buffer	0.00%	0.00%	0.00%	0.00%	0.00%
10	Global Systemically Important Institution buffer (G-SIB)	1.50%	1.50%	1.50%	1.50%	1.50%
EU 10a	Other Systemically Important Institution buffer (D-SIB)	1.50%	1.50%	1.50%	1.50%	1.50%
11	Combined buffer requirement (1)	4.65%	4.65%	4.59%	4.40%	4.41%
EU 11a	Total overall capital requirements (2)	14.42%	14.42%	14.36%	13.97%	13.98%
12	CET1 available after meeting the total SREP own funds requirements	6.94%	7.16%	7.29%	7.73%	8.06%
Leverage ratio
13	Leverage ratio total exposure measure	2,532,529	2,478,954	2,471,247	2,346,500	2,423,620
14	Leverage ratio	4.42%	4.45%	4.42%	4.58%	4.49%
	Additional own funds requirements to address risks of excessive leverage (as a percentage of leverage ratio total exposure measure)
EU 14a	Additional requirements to address risk of excessive leverage	0.10%	0.10%	0.10%	0.00%	0.00%
EU 14b	Of which additional CET1 capital leverage ratio requirements (%)	0.00%	0.00%	0.00%	0.00%	0.00%
	EU 14c Total SREP leverage ratio requirements	3.10%	3.10%	3.10%	3.00%	3.00%
	Buffer and total leverage ratio requirement (as a percentage of leverage ratio total exposure measure)
EU 14d	Applicable leverage buffer	0.75%	0.75%	0.75%	0.75%	0.75%
EU 14e	Overall leverage ratio requirements	3.85%	3.85%	3.85%	3.75%	3.75%
Liquidity Coverage Ratio
15	Total high-quality liquid assets (HQLA) (Weighted value - average)	382,064	385,811	397,582	408,476	420,636
EU 16a	Cash outflows - Total weighted value	528,616	520,995	516,104	519,311	532,522
EU 16b	Cash inflows - Total weighted value	241,052	234,735	225,538	219,452	219,522
16	Total net cash outflows (adjusted value)	287,565	286,260	290,566	299,859	313,001
17	Liquidity coverage ratio	132.96%	134.85%	136.92%	136.47%	134.61%
	Net Stable Funding Ratio
18	Total available stable funding	1,023,548	1,007,767	1,004,717	984,120	975,976
19	Total required stable funding	920,796	892,980	887,452	848,977	846,468
20	Net Stable Funding Ratio	111.16%	112.85%	113.21%	115.92%	115.30%

(1) The buffer requirements take into account the highest buffer between G-SIB and D-SIB.

(2) Excluding non-public Pillar 2 guidance (P2G)

As 30 September 2024, CET1 capital requirement stood at 10.27% of risk-weighted assets. The minimum requirement for LCR and NSFR ratios is 100%.

Update of the 2023 Universal Registration Document, table 2 pages 389-390.

► TABLE 2 : MREL & TLAC RATIOS (EU KM2)

		a	b	c	d	e	f
		MREL			TLAC
	In millions of euros	30 September 2024	30 September 2024	30 June 2024	31 March 2024	31 December 2023	30 September 2023
	Own funds and eligible liabilities, ratios and components
1	Total capital and other eligible liabilities	226,205	203,377	202,111	201,935	198,082	203,100
EU 1a	of which own funds and subordinated liabilities	203,377
2	Risk-weighted assets	759,445	759,445	732,758	722,349	703,694	699,257
3	Own funds and eligible liabilities ratio, in percentage of risk-weighted assets	29.79%	26.78%	27.58%	27.96%	28.15%	29.05%
EU 3a	of which own funds and subordinated liabilities	26.78%
4	Leverage ratio total exposure measure	2,532,529	2,532,529 2,478,954		2,471,247	2,346,500	2,423,620
5	Own funds and eligible liabilities ratio, in percentage of leverage ratio total exposure measure	8.93%	8.03%	8.15%	8.17%	8.44%	8.38%
EU 5a	of which own funds and subordinated liabilities	8.03%
6a	Application of the exemption provided by Article 72b(4) of EU Regulation 2019/876(1)		Not applicable	Not	applicableNot applicableNot applicable		Not applicable
6b	In case of application of Article 72b, paragraph 3 of Regulation (UE) No. 2019/876: total amount of preferred senior debt eligible to TLAC ratio(1)		Not appliedNot applied		Not applied	Not applied	Not applied
6c	In case of application of Article 72b, paragraph 3 of Regulation (UE) No. 2019/876: proportion of preferred senior debt used in the calculation of the TLAC ratio(1)		Not appliedNot applied		Not applied	Not applied	Not applied
	Requirement of own funds and eligible liabilities
EU-7	Requirement in percentage of risk-weighted assets	22.64%	18.00%	18.00%	18.00%	18.00%	18.00%
EU-8	of which to be met with own funds or subordinated liabilities	14.52%
	Requirement in percentage of risk-weighted assets, including combined buffer requirement	27.29%	22.65%	22.65%	22.59%	22.40%	22.41%
	of which to be met with own funds or subordinated liabilities	19.17%
EU-9	Requirement in percentage of leverage ratio total exposure measure	5.91%	6.75%	6.75%	6.75%	6.75%	6.75%
EU 10	of which to be met with own funds or subordinated liabilities	5.86%

(1) In accordance with article 72b paragraphs 3 and 4 of Regulation (EU) No. 575/2013 as amended by Regulation (EU) No. 2019/876, some preferred senior debt instruments (amounting to EUR 22,828 million as at 30 September 2024) were eligible within the limit of 3.5% of risk-weighted assets. The Group did not use this option at 30 September 2024.

REGULATORY CAPITAL

Update of the 2023 Universal Registration Document, table 13 page 428.

► TABLE 13: REGULATORY CAPITAL

In millions of euros	30 September 2024	31 December 2023
Common Equity Tier 1 (CET1) capital: instruments and reserves(1)
Capital instruments and the related share premium accounts	20,202	21,253
of which ordinary shares	20,202	21,253
Retained earnings(2)	87,463	86,227
Accumulated other comprehensive income (and other reserves, to include unrealised gains and losses under the applicable accounting standards)	(3,013)	(2,809)
Minority interests (amount allowed in consolidated CET1)	2,310	2,048
Independently reviewed interim profits net of any foreseeable charge or distribution(3)	3,565
COMMON EQUITY TIER 1 (CET1) CAPITAL BEFORE REGULATORY ADJUSTMENTS	110,527	106,719
Common Equity Tier 1 (CET1) capital: regulatory adjustments	(14,272)	(13,862)
COMMON EQUITY TIER 1 (CET1) CAPITAL	96,255	92,857
Additional Tier 1 (AT1) capital: instruments	16,103	15,150
Additional Tier 1 (AT1) capital: regulatory adjustments	(504)	(506)
ADDITIONAL TIER 1 (AT1) CAPITAL	15,598	14,644
TIER 1 CAPITAL (T1 = CET1 + AT1)	111,853	107,501
Tier 2 (T2) capital: instruments and provisions(4)	18,168	17,476
Tier 2 (T2) capital: regulatory adjustments	(3,155)	(3,233)
TIER 2 (T2) CAPITAL	15,014	14,243
TOTAL CAPITAL (TC = T1 + T2)	126,867	121,744

(1)Including as at 30 September 2024, -EUR 1.055 billion in capital reduction related to the cancellation at 6 May 2024 of shares acquired in connection with the implementation of the 2024 share buyback programme carried out in full.

Including as at 31 December 2023, -EUR 5 billion in capital reduction related to the cancellation in 2023 of shares acquired in connection with the implementation of the 2023 share buyback programme carried out in full in 2023.

(2)Taking into account as at 31 December 2023, an anticipated distribution of 60% (of which -EUR 1.055 billion in the form of share buyback) in respect of distributable income after taking into account the compensation cost of undated super subordinated notes and subject to customary conditions.

(3)Taking into account, as at 30 June 2024, a 60% proposed distribution of result subject to usual conditions.

(4)In accordance with the grandfathered debt eligibility rules applicable to Tier 2 capital.

Excluding third quarter results, CET1 capital amounts to EUR 95,200 million, Tier 1 capital to EUR 110,799 million and total capital to EUR 125,812 million at 30 September 2024.

Update of the 2023 Universal Registration Document, table 16 page 431.

► TABLE 16: EFFECT OF THE APPLICATION OF TRANSITIONAL ARRANGEMENTS FOR IFRS 9 ACCOUNTING STANDARD (EU IFRS9-FL)

	In millions of euros	30 September 2024	31 December 2023
	Available capital
1	Common Equity Tier 1 (CET1) capital	96,255	92,857
2	Common Equity Tier 1 (CET1) capital as if IFRS 9 transitional arrangements had not been applied	96,255	92,857
3	Tier 1 capital	111,853	107,501
4	Tier 1 capital as if IFRS 9 transitional arrangements had not been applied	111,853	107,501
5	Total capital	126,867	121,744
6	Total capital as if IFRS 9 transitional arrangements had not been applied	126,867	121,744
	Risk-weighted assets
7	Risk-weighted assets	759,445	703,694
8	Risk-weighted assets as if IFRS 9 transitional arrangements had not been applied	759,445	703,694
	Capital ratios
9	Common Equity Tier 1 (CET1) capital	12.67%	13.20%
10	Common Equity Tier 1 (CET1) capital as if IFRS 9 transitional arrangements had not been applied	12.67%	13.20%
11	Tier 1 capital	14.73%	15.28%
12	Tier 1 capital as if IFRS 9 transitional arrangements had not been applied	14.73%	15.28%
13	Total capital	16.71%	17.30%
14	Total capital as if IFRS 9 transitional arrangements had not been applied	16.71%	17.30%
	Leverage ratios
15	Leverage ratio total exposure measure	2,532,529	2,346,500
16	Leverage ratio	4.42%	4.58%
17	Leverage ratio as if IFRS 9 transitional arrangements had not been applied	4.42%	4.58%

The Group did not apply the provisions pursuant to article 468 of Regulation (EU) No. 575/2013 as amended by the Regulation (EU) No. 2020/873 and Regulation (EU) No. 2024/1623 relating to the temporary treatment of unrealized gains or losses on financial instruments at fair value through equity issued by central, regional or local governments.

CAPITAL REQUIREMENT AND RISK-WEIGHTED ASSETS

Update of the 2023 Universal Registration Document, table 17 page 432.

► TABLE 17: OVERVIEW OF RISK WEIGHTED EXPOSURE AMOUNTS (EU OV1)

		a	b	c
			RWAs	Capital requirements
	In millions of euros		30 September 2024 31 December 2023 30 September 2024
1	Credit risk	583,396	535,141	46,672
2	Of which the standardised approach	222,417	188,191	17,793
3	Of which the foundation IRB (FIRB) approach
4	Of which slotting approach
EU 4a	Of which equities under the simple weighting approach	37,571	45,941	3,006
5	Of which the advanced IRB (A-IRB) approach	323,408	287,009	25,873
	Of which other risk exposure		14,000
6	Counterparty credit risk	47,983	45,025	3,839
7	Of which SACCR (Derivatives)	2,952	3,287	236
8	Of which internal model method (IMM)	32,616	28,904	2,609
EU 8a	Of which exposures to CCP related to clearing activities	7,958	7,193	637
EU 8b	Of which CVA	3,821	5,189	306
9	Of which other	637	452	51
15	Settlement risk	2	8	0
16	Securitisation exposures in the banking book	16,789	16,589	1,343
17	Of which internal ratings-based approach (SEC-IRBA)	7,992	8,829	639
18	Of which external ratings-based approach (SEC-ERBA)	1,575	1,258	126
19	Of which standardised approach (SEC-SA)	7,222	6,502	578
	EU 19a Of which exposures weighted at 1,250% (or deducted from own funds)(1)
20	Market risk	29,122	28,783	2,330
21	Of which the standardised approach	7,567	9,768	605
22	Of which internal model approach (IMA)	21,555	19,015	1,724
23	Operational risk	62,937	58,897	5,035
	EU 23a Of which basic indicator approach	7,887	3,911	631
	EU 23b Of which standardised approach	10,201	10,215	816
	EU 23c Of which advanced measurement approach	44,849	44,771	3,588
24	Amounts below the thresholds for deduction (subject to 250% risk weight)	19,216	19,252	1,537
29	TOTAL	759,445	703,694	60,756

(1)The Group opted for the deductive approach rather than a weighting of 1,250%. The amount of securitisation exposures in the banking book deducted from own funds stands at EUR 284 million at 30 September 2024 (270 million at 31 December 2023).

Update of the 2023 Universal Registration Document, table 31 page 477.

► TABLE 31: CREDIT RISK-WEIGHTED ASSETS MOVEMENTS BY KEY DRIVER (EU CR8)

► 3 rd quarter 2024

			a
			RWAs		Capital Requirements
In millions of euros			Total of which IRB approach		Total of which IRB approach
1	30 June 2024	559,980	324,629	44,798	25,970
2	Asset size	4,198	2,485	336	199
3	Asset quality	1,981	1,610	159	129
4	Model update	3,221	3,221	258	258
5	Methodology and policy	(10)	7	(1)	1
6	Acquisitions and disposals(1)	15,698	(5 866)	1,256	(469)
7	Currency	(3,548)	(2,471)	(284)	(198)
8	Others	1,876	(207)	150	(17)
9	30 September 2024	583,396	323,408	46,672	25,873

(1) Including risk-weighted assets relating to entities under exclusive control of the Arval business line, fully consolidated within the prudential scope since 1 July 2024

► As at 30 September 2024

a
In millions of euros		RWAs		Capital Requirements
		Total	of which IRB approach	Total	of which IRB approach
1	31 December 2023	535,141	287,009	42,811	22,961
2	Asset size	14,237	11,629	1,139	930
3	Asset quality	226	(515)	18	(41)
4	Model update	17,641	32,841	1,411	2,627
5	Methodology and policy	1,414	7	113	1
6	Acquisitions and disposals(1)	14,416	(5 866)	1,153	(469)
7	Currency	(1,431)	(757)	(114)	(61)
8	Others	1,751	(939)	140	(75)
9	30 September 2024	583,396	323,408	46,672	25,873

(1) Including risk-weighted assets relating to entities under exclusive control of the Arval business line, fully consolidated within the prudential scope since 1 July 2024

Update of the 2023 Universal Registration Document, table 79 pages 593-594.

► TABLE 79: COUNTERPARTY CREDIT RWA MOVEMENTS BY KEY DRIVER (EU CCR7)

► 3 rd quarter 2024

			a
			RWAs - Counterparty credit risk		Capital Requirements - Counterparty credit risk
			of which internal model method		of which internal model method
In millions of euros		Total	(IMM)(1)	Total	(IMM)
1	30 June 2024	48,089	32,645	3,847	2,612
2	Asset size	285	(122)	23	(10)
3	Asset quality	(293)	134	(23)	11
4	Model update	194	194	16	16
5	Methodology and policy
6	Acquisitions and disposals
7	Currency	(33)	(24)	(3)	(2)
8	Other	(260)	(211)	(21)	(17)
9	30 September 2024	47,983	32,616	3,839	2,609

(1) Internal model method related to bilateral counterparty model (excluded CCP clearing).

► As at 30 September 2024

		a
		RWAs - Counterparty credit risk	Capital Requirements - Counterparty credit risk
		of which internal model method		of which internal model method
In millions of euros	Total	(IMM)	Total	(IMM)
31 December 2023 1	45,025	28,904	3,602	2,312
Asset size 2	856	718	68	57
Asset quality 3	873	1,041	70	83
Model update 4	2,216	2,094	177	167
Methodology and policy 5
6 Acquisitions and disposals
Currency 7	(44)	(31)	(4)	(2)
Other 8	(943)	(110)	(75)	(9)
30 September 2024 9	47,983	32,616	3,839	2,609

(1) Internal model method related to bilateral counterparty model (excluded CCP clearing)

Update of the 2023 Universal Registration Document, table 83 page 597.

► TABLE 83: MARKET RISK-WEIGHTED ASSETS MOVEMENTS BY KEY DRIVER (EU MR2-B)

► 3rd quarter 2024

	a	b	c	d	e	f	g
In millions of euros	VaR	SVaR	IRC(1)	CRM(2)	Standardise	d approach Total RWAs	Total capital requirement s
30 June 2024 1	4,343	9,971	7,198	754	8,120	30,386	2,431
Asset size and quality 2	176	(62)	(825)	1	(114)	(823)	(66)
3 Model update
Methodology and policy 4
Acquisitions and disposals 5					178	178	14
Currency 6
Other 7		(1)			(617)	(619)	(49)
30 September 2024 8	4,519	9,909	6,373	754	7,567	29,122	2,330
(1) Incremental Risk Charge.

(2) Comprehensive Risk Measure.

► As at 30 September 2024

		a	b	c	d	e	f	g
	In millions of euros	VaR	SVaR	IRC(1)	CRM(2)	Standardise	d approach Total RWAs	Total capital requirement s
1	31 December 2023	4,134	9,050	5,170	661	9,768	28,783	2,303
2	Asset size and quality	379	846	1,204	93	20	2,541	203
3	Model update
4	Methodology and policy
5	Acquisitions and disposals					(144)	(144)	(11)
6	Currency
7	Other	6	13			(2,077)	(2,059)	(165)
8	30 September 2024	4,519	9,909	6,373	754	7,567	29,122	2,330

(1) Incremental Risk Charge.

(2) Comprehensive Risk Measure.

LIQUIDITY RISK

Update of the 2023 Universal Registration Document, table 98 pages 622-623.

► TABLE 98: SHORT-TERM LIQUIDITY RATIO (LCR)(1) - ITEMISED (EU LIQ1)

		a	b	c	d		e f	g	h
		Unweighted value						Weighted value
	In millions of euros	30 September 2024	30 June 2024	31 March 2024	31 December 2023	30 September 2024	30 June 2024	31 March 2024	31 December 2023
	Number of data points used in the calculation of averages	12	12	12	12	12	12	12	12
	HIGH QUALITY LIQUID ASSETS (HQLA)
1	TOTAL HIGH QUALITY LIQUID ASSETS (HQLA)					382,064	385,811	397,582	408,476
	CASH OUTFLOWS
2	Retail deposits (including small businesses)	425,766	423,297	422,446	423,972	30,470	30,519	30,687	31,077
3	Of which stable deposits	243,071	244,092	245,985	249,034	12,154	12,205	12,299	12,452
4	Of which less stable deposits	156,827	157,041	157,979	159,938	18,281	18,264	18,326	18,545
5	Unsecured non-retail funding	480,243	478,322	479,145	490,373	217,459	215,524	215,823	222,958
6	Of which operational deposits	163,253	162,853	163,111	163,363	40,188	40,096	40,188	40,256
7	Of which non-operational deposits	300,159	300,349	302,508	313,896	160,439	160,309	162,109	169,588
8	Of which unsecured debt	16,831	15,120	13,526	13,115	16,831	15,120	13,526	13,115
9	Secured non-retail funding (of which repos)					107,576	101,733	97,444	93,645
10	Additional requirements	384,223	385,177	385,516	385,746	102,929	104,000	104,181	103,752
11	Of which outflows related to derivative exposures and other collateral requirements	49,010	48,864	48,974	48,604	47,065	47,144	47,614	47,463
12	Of which outflows on secured debt	5,289	6,949	7,196	7,430	5,289	6,949	7,196	7,430
13	Of which credit and liquidity facilities	329,925	329,363	329,345	329,712	50,576	49,906	49,370	48,859
14	Other contractual funding obligations	60,823	60,846	60,821	61,133	60,823	60,846	60,821	61,133
15	Other contingent funding obligations	150,528	146,756	142,122	139,214	9,358	8,374	7,149	6,746
16	TOTAL CASH OUTFLOWS					528,616	520,995	516,104	519,311
	CASH INFLOWS
17	Secured lending (of which reverse repos)	493,229	486,032	471,994	453,725	108,518	103,320	96,369	93,698
18	Inflows from fully performing exposures	88,522	87,436	87,138	87,373	69,883	68,889	68,448	68,319
19	Other cash inflows	74,853	73,727	71,585	67,430	62,651	62,527	60,720	57,436
20	TOTAL CASH INFLOWS	656,604	647,194	630,717	608,529	241,052	234,735	225,538	219,452
	EU-20c Inflows subject to 75% cap	479,282	469,567	454,620	436,026	241,052	234,735	225,538	219,452
21	LIQUIDITY BUFFER					382,064	385,811	397,582	408,476
22	TOTAL NET CASH OUTFLOWS					287,565	286,260	290,566	299,859
23	LIQUIDITY COVERAGE RATIO (%)					132.96%	134.85%	136.92%	136.47%

(1)The data presented in this table are calculated as the rolling average over the twelve latest month-end values.

Qualitative information on LCR (EU LIQ-B)

The Group's rolling month-end average LCR over the last 12 months stands at 133%, which corresponded to a liquidity surplus of EUR 94 billion compared with the regulatory requirement. The Group ratio averaged between 133% and 137%.

After application of the regulatory haircuts (weighted values), the Group's rolling month-end average liquid assets over the last 12 months amounted to EUR 382 billion, and mainly consist of central bank deposits (46% at the end of September) and government and sovereign bonds (54%).

Rolling month-end average cash outflows over the last 12 months under the thirty-day liquidity stress scenario amount to EUR 288 billion, a large part of which corresponds to thirty-day deposit outflow assumptions of EUR 231 billion. Reciprocally, cash inflows on loans under the thirty-day liquidity regulatory stress scenario amount to EUR 70 billion.

Cash flows on financing transactions and collateralised loans, representing repurchase agreements and securities exchanges, record net rolling month-end average inflows over the last 12 months of EUR 1 billion, given the regulatory haircuts applied to collaterals. Flows linked to derivative instruments and regulatory stress tests record net outflows of EUR 18 billion after netting of cash outflows (EUR 47 billion) and inflows (EUR 29 billion).

Lastly, the rolling month-end average drawdown assumptions on financing commitments over the last 12 months amounted to EUR 51 billion.

There was no excessive imbalance on any significant currency.

3. LONG-TERM AND SHORT-TERM RATINGS

	Long-term and short term ratings as at 31 October 2024	Outlook	Date of last review
Standard & Poor's	A+/A-1	Stable	24 April 2023
Fitch	A+/F1	Stable	16 October 2024
Moody's	Aa3/Prime-1	Negative	29 October 2024
DBRS	AA (low)/R-1 (middle)	Stable	20 June 2024

4. GOVERNANCE

Section 2.1.1 "Presentation of Directors and Corporate Officers" of Chapter 2 "Corporate Governance and Internal Control" of the 2023 Universal Registration Document is amended to insert a new independent director:

Bertrand DE MAZIERES
Principal function: Independent Director
Date of birth: 13 July 1957	Offices(1) held in listed or unlisted companies
Nationality: French	of the BNP Paribas Groupe, in France or
Term start and end dates: 1 October 2024	abroad NA
Business address: 7 bd Dr Charles Marx	Others
L-2130 Luxembourg LUXEMBOURG	International Finance Facility for Immunisation, board member and Chairman of the audit committee
Education
Graduate of Ecole Nationale d'Administration Graduate of HEC Paris
	Offices held at 31 December in previous financial years (the companies mentioned are the parent
companies of the groups in which the functions were carried out)
2023:
Director:
International Finance
Facility for Immunisation
(1) At 30 September 2024.

The table on page 54 of section 2.1.2 "BNP Paribas Corporate Governance" in Chapter 2 "Corporate Governance and Internal Control" of the 2023 Universal Registration Document is deleted and replaced by the following table that takes into account membership changes to the specialised committees:

-

	(CR)

-

5. GENERAL INFORMATION

5.1 Documents on display

This document is available on the BNP Paribas website https://rates globalmarkets.bnpparibas.com/gm/Public/LegalDocs.aspx and the National Storage Mechanism (NSM) website https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Any person wishing to receive additional information about the BNP Paribas Group can request documents, without commitment, as follows:

by writing to: BNP Paribas – Finance & Strategy Investor Relations and Financial Information Palais du Hanovre 16, rue de Hanovre – CAT03B2 75002 Paris
by calling: +33 (0)1 40 14 63 58 BNP Paribas' regulatory information (in French) can be viewed at: https://invest.bnpparibas.com/en/regulated-information

5.2 Significant change

Save as disclosed in this amendment to the 2023 Universal Registration Document, there has been no significant change in the Group's financial position or financial performance since 30 September 2024, and no material adverse change in the prospects of BNPP since the end of the last financial period for which audited financial information has been published.

As far as BNP Paribas is aware, there have not been any recent events which are to a material extent relevant to the evaluation of BNP Paribas's solvency since 30 September 2024.

5.3 Contingent liabilities: legal proceedings and arbitration

BNP Paribas (the "Bank") is party as a defendant in various claims, disputes and legal proceedings (including investigations by judicial or supervisory authorities) in a number of jurisdictions arising in the ordinary course of its business, including inter alia in connection with its activities as market counterparty, lender, employer, investor and taxpayer.

The related risks have been assessed by the Bank and are subject, where appropriate, to provisions disclosed in note 4.k Provisions for contingencies and charges of the consolidated Financial Statements at June 30, 2024; a provision is recognised when it is probable that an outflow of resources embodying economic benefits will be required to settle an obligation arising from a past event and a reliable estimate can be made of the amount of the obligation.

The main contingent liabilities related to pending legal, governmental, or arbitral proceedings as of 30 September, 2024 are described below. The Bank currently considers that none of these proceedings is likely to have a material adverse effect on its financial position or profitability; however, the outcome of legal or governmental proceedings is by definition unpredictable.

The Bank and certain of its subsidiaries are defendants in several actions pending before the United States Bankruptcy Court for the Southern District of New York brought by the Trustee appointed for the liquidation of Bernard L. Madoff Investment Securities LLC ("BLMIS"). These actions, known generally as "clawback claims", are similar to those brought by the BLMIS Trustee under the U.S. Bankruptcy Code and New York state law against numerous institutions, and seek recovery of amounts allegedly received by BNP Paribas entities from BLMIS or indirectly through BLMIS-related "feeder funds" in which BNP Paribas entities held interests.

As a result of certain decisions of the Bankruptcy Court and the United States District Court between 2016 and 2018, the majority of the BLMIS Trustee's actions were either dismissed or substantially narrowed. However, those decisions were either reversed or effectively overruled by subsequent decisions of the United States Court of Appeals for the Second Circuit issued on 25 February 2019 and 30 August 2021. As a result, the BLMIS Trustee refiled certain of these actions and, as of end May 2023, had asserted claims amounting in the aggregate to approximately USD 1.2 billion. As of end June 2024, following the dismissal of certain of the BLMIS Trustee's actions or claims, the aggregate amount of the claims stood at approximately USD 1.1 billion. BNP Paribas has substantial and credible defenses to these actions and is defending against them vigorously.

Litigation was brought in Belgium by minority shareholders of the previous Fortis Group against the Société fédérale de Participations et d'Investissement, Ageas and BNP Paribas seeking (amongst other things) damages from BNP Paribas as restitution for part of the BNP Paribas Fortis shares that were contributed to BNP Paribas in 2009, on the ground that the transfer of these shares was null and void. On 29 April 2016, the Brussels Commercial court decided to stay the proceedings until the resolution of the pending Fortis criminal proceeding in Belgium. The criminal proceeding, in which the Public Prosecutor had requested a dismissal, is definitively closed, as the Council Chamber of the Brussels Court of first instance issued on 4 September 2020 a ruling (which since became final) that the charges were time-barred. Certain minority shareholders are continuing the civil proceedings against BNP Paribas and the Société fédérale de Participations et d'Investissement before the Brussels Commercial court; BNP Paribas continues to defend itself vigorously against the allegations of these shareholders. Hearings on the matter took place in September and October 2024 before the Brussels Commercial court; a judgment is expected to be rendered in the coming months.

On 26 February 2020, the Paris Criminal Court found BNP Paribas Personal Finance guilty of misleading commercial practice and concealment of this practice. BNP Paribas Personal Finance was ordered to pay a fine of EUR 187,500 and damages and legal fees to the civil plaintiffs. On 28 November 2023, the Paris Court of Appeals upheld the Paris Criminal Court's decision relating to misleading commercial practice and the concealment of those practices. As for the damages owed to the civil plaintiffs, though the Paris Court of Appeals adjusted the calculation methodology, the majority of the damages had already been paid by provisional enforcement of the Paris Criminal Court's judgment. An agreement was also entered into with the Consommation Logement Cadre de Vie association to settle the case with customers wishing to do so.

Like many other financial institutions in the banking, investment, mutual funds and brokerage sectors, the Bank has received or may receive requests for information from, or be subject to investigations by supervisory, governmental or self-regulatory agencies. The Bank responds to such requests, and cooperates with the relevant authorities and regulators and seeks to address and remedy any issues that may arise.

In 2023, BNP Paribas premises (along with those of other financial institutions) were searched by the French financial prosecutor's office; BNP Paribas was informed that the office had opened a preliminary investigation relating to French securities transactions.

There are no other legal, governmental or arbitration proceedings (including any such proceedings which are pending or threatened of which the Bank is aware) that may have or have had, in the previous twelve months, any significant effects on the Bank's financial position or the profitability of the Bank and/or the BNP Paribas Group.

6. PERSON(S) RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT

PERSON(S) RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ITS AMENDMENTS

The Issuer and Jean-Laurent BONNAFÉ, Chief Executive Officer of BNP Paribas.

STATEMENT BY THE PERSON(S) RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ITS AMENDMENTS

The Issuer and Jean-Laurent Bonnafé hereby declare that, to the best of their knowledge, the information contained this amendment to the 2023 Universal Registration Document filed with the FCA is in accordance with the facts and contains no omission likely to affect its import.

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1158_rf_2025-01-14_04c7efc6-d81e-4c72-a997-95cadbdb94b7.pdf

SECOND AMENDMENT TO THE 2023 UNIVERSAL REGISTRATION DOCUMENT

FILED WITH THE FCA ON 12 DECEMBER 2024

TABLE OF CONTENTS

PRESS RELEASE

-

CONSOLIDATED GROUP RESULTS AS OF 30 SEPTEMBER 2024

Revenues

Operating expenses

Cost of risk

Social responsibility

CORPORATE AND INSTITUTIONAL BANKING (CIB)

CIB Global Banking

3 business activity.

CIB Global Markets

CIB Securities Services

drive.

COMMERCIAL, PERSONAL BANKING & SERVICES (CPBS)

BNL bc continued to demonstrate good intrinsic performance.

CPBS Banque Commerciale au Luxembourg (CPBL)

fees.

CPBS Europe-Mediterranean

CPBS Specialised Businesses Personal Finance

3 financial margin and margin on services; and (ii) the impact of the normalisation of usedcar prices. Leasing Solutions revenues increased this quarter.

Activity was robust this quarter.

INVESTMENT & PROTECTION SERVICES (IPS)

investments in growth markets.

IPS Insurance

The third quarter was marked by an increase in gross asset inflows in the Savings business and a strong increase in the Protection business.

IPS Wealth and Asset Management29

CORPORATE CENTRE

Restatements related to insurance in 3Q24

- Jaws effect of +0.5 pts excluding DGS tax in Italy paid in 2023. Jaws effect: change in Group revenues between

CONSOLIDATED PROFIT & LOSS STATEMENT GROUP

RESULTS BY BUSINESS LINES FOR

RESULTS BY BUSINESS LINES FOR THE FIRST NINE MONTHS 2024

BALANCE SHEET AS OF 30 SEPTEMBER 2024

ARTICLE 223-1 OF THE AMF GENERAL REGULATIONS

Methodology: Comparative analysis at constant scope and exchange rates

Reminder

Portfolio management and effects of the hyperinflation situation in Türkiye EXCEPTIONAL ITEMS |

CIB | Securities Services – 3Q24 and 9M24 simplified profit & loss statement

CPBS | Commercial & Personal Banking in Luxembourg – Good performance

CORPORATE CENTRE | Excluding restatements related to insurance activities - 3Q24 and 9M24

NUMBER OF SHARES AND EARNINGS PER SHARE

47

ENDNOTES (1/2)

• Slide 3

• Slide 5

Slide 6

• Slide 9

2. At constant scope and exchange rates

Africa 5. Dealogic, All ESG Bonds & Loans rankings, EMEA and Global, in volume by bookrunner.

• Slide 11 1. Bloomberg and FXAll, 9M24

1. Including 100% of Private Banking

• Slide 19

• Slide 22

• Slide 23

- 1. Including 100% of Private Banking 2. Non-remuneration of mandatory reserves and Belgian government bonds (-€43m in 3Q24

• Slide 25

2. RISK AND CAPITAL ADEQUACY – PILLAR 3 (NOT AUDITED)

KEY FIGURES

► TABLE 1: KEY INDICATORS (EU KM1)

Update of the 2023 Universal Registration Document, table 2 pages 389-390.

► TABLE 2 : MREL & TLAC RATIOS (EU KM2)

REGULATORY CAPITAL

► TABLE 13: REGULATORY CAPITAL

► TABLE 16: EFFECT OF THE APPLICATION OF TRANSITIONAL ARRANGEMENTS FOR IFRS 9 ACCOUNTING STANDARD (EU IFRS9-FL)

CAPITAL REQUIREMENT AND RISK-WEIGHTED ASSETS

► TABLE 17: OVERVIEW OF RISK WEIGHTED EXPOSURE AMOUNTS (EU OV1)

Update of the 2023 Universal Registration Document, table 31 page 477.

► TABLE 31: CREDIT RISK-WEIGHTED ASSETS MOVEMENTS BY KEY DRIVER (EU CR8)

► As at 30 September 2024

► TABLE 79: COUNTERPARTY CREDIT RWA MOVEMENTS BY KEY DRIVER (EU CCR7)

► TABLE 83: MARKET RISK-WEIGHTED ASSETS MOVEMENTS BY KEY DRIVER (EU MR2-B)

► As at 30 September 2024

LIQUIDITY RISK

► TABLE 98: SHORT-TERM LIQUIDITY RATIO (LCR)(1) - ITEMISED (EU LIQ1)