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BNP Paribas — Capital/Financing Update 2008
Nov 19, 2008
1158_rns_2008-11-19_1654bad0-162e-4672-a067-6dded2a39f57.pdf
Capital/Financing Update
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Paris, Wednesday, 19 November 2008
PRESS RELEASE
Since the beginning of this week, some speculative rumours have implied that BNP Paribas could have to launch a capital increase in order to improve its solvency.
BNP Paribas confirms that its capital ratios fully satisfy the requirements set by its regulator, given its risk profile.
As a consequence, no capital increase is currently under consideration, apart from those already programmed to finance the relutive acquisition of Fortis Bank, and which will be subscribed by the Belgian and Luxembourg States.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor's. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
Press Contacts:
Antoine Sire 01 40 14 21 06 [email protected] Christelle Maldague 01 42 98 56 48 [email protected] Hélène Delannoy 01 40 14 66 28 [email protected] Isabelle Wolff 01 57 43 89 26 [email protected] Pascal Henisse 01 40 14 65 14 [email protected]