FOURTH UPDATE TO THE 2014 REGISTRATION DOCUMENT FILED WITH THE AMF ON DECEMBER 28, 2015

Similar documents
Third update to the 2017 Registration Document filed with the Autorité des Marchés Financiers (AMF) on November 13, 2018

FIFTH SUPPLEMENT DATED 4 APRIL 2018 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

THIRD SUPPLEMENT DATED 16 NOVEMBER 2017 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

SIXTH SUPPLEMENT DATED 27 SEPTEMBER 2016 TO THE BASE PROSPECTUS DATED 29 DECEMBER 2015

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

BNP PARIBAS (incorporated in France) (as Issuer and Guarantor) BNP PARIBAS ARBITRAGE ISSUANCE B.V. (incorporated in the Netherlands) (as Issuer)

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

FIRST SUPPLEMENT DATED 1 MARCH 2016 TO THE BASE PROSPECTUS DATED 29 DECEMBER 2015

SECOND UPDATE TO THE 2014 REGISTRATION DOCUMENT AND HALF YEAR FINANCIAL REPORT FILED WITH THE AMF ON AUGUST 3, 2015

Registration document and annual financial report filed with the AMF (Autorité des Marchés Financiers) on March 6, 2015 under No. D

SECOND SUPPLEMENT DATED 2 OCTOBER 2017 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

Mazars KPMG Audit Deloitte & Associés Carrefour Statutory Auditors Reports on share capital transactions

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

RTE Réseau de transport d'électricité

THIRD UPDATE TO THE 2014 REGISTRATION DOCUMENT FILED WITH THE AMF ON OCTOBER 30, 2015

THIRD UPDATE OF THE 2016 REGISTRATION DOCUMENT

CAISSE DES DEPOTS ET CONSIGNATIONS (an établissement spécial in France) 6,000,000,000 Euro Medium Term Notes Programme

This Supplement will be published on the Luxembourg Stock Exchange's website

CONVENING NOTICE. at am at the Carrousel du Louvre. 99, rue de Rivoli in Paris 1 st

THIRD UPDATE TO THE 2015 REGISTRATION DOCUMENT

SECOND PROSPECTUS SUPPLEMENT DATED 19 APRIL 2017 TO THE BASE PROSPECTUS DATED 26 SEPTEMBER 2016 AND THE PROSPECTUS SUPPLEMENT DATED 18 OCTOBER 2016

Supplement No. 1 dated 25 September Certificates NATIXIS STRUCTURED PRODUCTS LIMITED

FINANCIAL STATEMENTS OF BNP PARIBAS HOME LOAN SFH

FOURTH UPDATE TO THE 2013 REGISTRATION DOCUMENT

SUPPLEMENT DATED 4 SEPTEMBER 2009 TO THE BASE PROSPECTUS DATED 4 JUNE GCE Covered Bonds (duly licensed French credit institution)

BNP Paribas Arbitrage Issuance B.V. BNP Paribas

Registration document and annual financial report filed with the AMF (Autorité des Marchés Financiers) on March 7, 2014 under No. D

FINANCIAL STATEMENTS OF BNP PARIBAS HOME LOAN SFH

THIRD UPDATE OF THE 2017 REGISTRATION DOCUMENT

NOTICE OF MEETING. The following resolutions will be put to vote at the Annual General Meeting:

PSA BANQUE FRANCE 4,000,000,000. Euro Medium Term Note Programme

FIRST UPDATE TO THE 2017 REGISTRATION DOCUMENT FILED WITH THE AMF ON MAY 4, 2018

KPMG Audit 1, cours Valmy Paris La Défense Cedex. Air France-KLM S.A.

SFIL 5,000,000,000 Euro Medium Term Note Programme

CASH FLOW STATEMENT BNP PARIBAS HOME LOAN SFH

SECOND QUARTER 2015 RESULTS

Statutory auditors report on the financial statements

FINANCIAL STATEMENTS OF BNP PARIBAS HOME LOAN SFH

Free Translation of the French Document de Base (Registration Document) of Amundi

2011 RESTATED QUARTERLY RESULT SERIES

PSA BANQUE FRANCE 4,000,000,000. Euro Medium Term Note Programme

Translation in English for information purposes only

SECOND UPDATE TO THE 2015 REGISTRATION DOCUMENT AND HALF YEAR FINANCIAL REPORT FILED WITH THE AMF ON AUGUST, 1 ST 2016

SECOND UPDATE TO THE 2016 REGISTRATION DOCUMENT AND HALF YEAR FINANCIAL REPORT FILED WITH THE AMF ON JULY, 31 TH 2017

FIRST SUPPLEMENT DATED 31 August 2010 TO THE BASE PROSPECTUS DATED 3 February 2010

KPMG Audit 1, cours Valmy Paris La Défense Cedex. Air France-KLM S.A.

E R N S T & Y O U N G e t A u t r e s M A Z A R S 1 / 2, PLACE DES S AISONS C OURBEVOIE - P ARIS- L A D ÉFENSE 1

BNP Paribas Issuance B.V. BNP Paribas. BNP Paribas Fortis Funding. BNP Paribas Fortis SA/NV

SUPPLEMENT. dated. 14 November to the BASE PROSPECTUS. dated 21 August 2013 and related to the HUF 75,000,000,000 Note Programme of

SGA SOCIÉTÉ GÉNÉRALE ACCEPTANCE N.V. Securitised Derivatives Programme. irrevocably and unconditionally guaranteed by SOCIÉTÉ GÉNÉRALE AND

Statutory Auditors special report on regulated agreements and commitments

SEMI ANNUAL FINANCIAL REPORT As of the 30th of June 2016

RIVOLI INTERNATIONAL FUND V9 STATUTORY AUDITOR S REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 30, 2016

SECOND QUARTER 2014 RESULTS

Statutory Auditors report on the issue of shares and/or various securities with/without waiver of pre-emptive subscription rights

BANQUE PALATINE (société anonyme à conseil d administration) 5,000,000,000 Euro Medium Term Note Programme

Statutory Auditors report on the financial statements

RIVOLI EQUITY FUND STATUTORY AUDITOR S REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 30, 2016

RIVOLI CAPITAL STATUTORY AUDITOR S REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 30, 2016

SEMI ANNUAL FINANCIAL REPORT As of the 30 th of June 2017

FIRST SUPPLEMENT DATED 21 DECEMBER 2015 TO THE BASE PROSPECTUS DATED 29 JUNE 2015

FIRST SUPPLEMENT DATED 31 OCTOBER 2017 TO THE BASE PROSPECTUS DATED 3 AUGUST 2017

FIRST QUARTER 2012 RESULTS

BNP Paribas Arbitrage Issuance B.V. BNP Paribas

SGA SOCIÉTÉ GÉNÉRALE ACCEPTANCE N.V. Securitised Derivatives Programme Irrevocably and unconditionally guaranteed by SOCIÉTÉ GÉNÉRALE

ESSILORLUXOTTICA - Formerly named Essilor International (Compagnie Générale d Optique) Statutory Auditors report on the reduction in share capital

RTE Réseau de transport d'électricité

RECYLEX. Statutory auditors special report on regulated agreements and commitments

FINAL TERMS DATED 9 DECEMBER BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer)

BOARD OF DIRECTORS MANAGEMENT REPORT INTERIM FINANCIAL STATEMENTS AT JUNE 30, 2015

FIRST QUARTER 2018 RESULTS

BNP PARIBAS EUROPEAN LEADER WITH STRONG CAPITAL GENERATION CAPACITY. Fixed Income Roadshow. March 2016

AMENDMENT TO THE REGISTRATION DOCUMENT FILED WITH THE AUTORITE DES MARCHES FINANCIERS, ON MARCH 4, 2009 UNDER NO. D

RESULTS AS AT 31 MARCH 2010

SECOND SUPPLEMENT DATED 27 OCTOBER 2017 TO THE BASE PROSPECTUS DATED 26 APRIL 2017

SUPPLEMENT NO. 2 DATED 21 OCTOBER 2010 TO THE BASE PROSPECTUS DATED 6 JULY 2010 AMENDING AND SUPERSEDING SUPPLEMENT NO. 1 DATED 12 OCTOBER 2010

FOURTH SUPPLEMENT TO THE BASE PROSPECTUS DATED 24 SEPTEMBER 2009

AREVA SA. Statutory auditors report on the annual financial statements

FIRST PROSPECTUS SUPPLEMENT DATED 7 JUNE 2017 TO THE BASE PROSPECTUS DATED 19 JULY 2016

BANQUE PALATINE (société anonyme à conseil d administration) 5,000,000,000 Euro Medium Term Note Programme

FIRST SUPPLEMENT TO THE BASE PROSPECTUS DATED 5 SEPTEMBER RCI BANQUE (incorporated in France as a "société anonyme")

Total Capital International Period from January 1 to September 30, 2015

Final Terms dated 19 September 2014 UNEDIC

Final Terms dated 2 November 2015 UNEDIC

ORANGE EUR 30,000,000,000 Euro Medium Term Note Programme

FIRST UPDATE TO THE 2009 REGISTRATION DOCUMENT FILED WITH THE AMF ON MAY 11, 2010

BANQUE PALATINE (société anonyme à conseil d administration) 5,000,000,000 Euro Medium Term Note Programme

Eutelsat Communications Year ended June 30, 2016

THIRD UPDATE TO THE 2009 REGISTRATION DOCUMENT FILED WITH THE AMF ON NOVEMBER 8, 2010

REGISTRATION DOCUMENT

Electricité de France S.A.

Publicis Groupe Extraordinary general meeting dated May 28, 2014 Thirteenth, fourteenth, fifteenth seventeenth and eighteenth resolutions

PUBLICIS GROUPE SA. Shareholders Meeting of May 30, th resolution

E R A M E T. ORDINARY & EXTRAORDINARY SHAREHOLDERS GENERAL MEETING OF MAY 11 th, 2005 TEXT OF RESOLUTIONS

SIXTH SUPPLEMENT DATED 16 MARCH 2015 TO THE DEBT ISSUANCE PROGRAMME PROSPECTUS DATED 23 APRIL 2014

MAUREL & PROM NIGERIA. A French limited liability company (société anonyme) with a share capital of EUR 133,433,534.30

Lafarge. Statutory auditors special report on regulated agreements and commitments with third parties

Arranger Crédit Agricole CIB. Dealers Crédit Agricole CIB Crédit Agricole Securities Asia B.V., Tokyo Branch

Transcription:

FOURTH UPDATE TO THE 2014 REGISTRATION DOCUMENT FILED WITH THE AMF ON DECEMBER 28, Registration document and annual financial report filed with the AMF (Autorité des Marchés Financiers) on March 6, under No. D.15-0107 First update filed with the AMF ( Autorité des Marchés Financiers) on April 30, under No. D.15-0107-A01 Second update filed with the AMF ( Autorité des Marchés Financiers) on August 3, under No. D.15-0107-A02 Third update filed with the AMF ( Autorité des Marchés Financiers) on October 30, under No. D.15-0107-A03 The English language version of this report is a free translation from the original, which was prepared in French. All possible care has been taken to ensure that the translation is accurate presentation of the original. However, in all matters of interpretation, views or opinion expressed in the original language version of the document in French take precedence over the translation. Société Anonyme (Public Limited Company) with capital of 2,492,372,484 euros Head office: 16 boulevard des Italiens, 75009 PARIS R.C.S.: PARIS 662 042 449

1. QUATERLY FINANCIAL INFORMATION... 3 2. ADDITIONAL INFORMATION... 5 3. STATUTORY AUDITORS... 6 4. PERSON RESPONSIBLE FOR THE UPDATE TO THE REGISTRATION DOCUMENT... 7 5. TABLE OF CONCORDANCE... 8 Only the French version of the fourth update to the 2014 Registration document has been submitted to the AMF. It is therefore the only version that is binding in law. The original document was filed with the AMF (French Securities Regulator) on 28 December, in accordance with article 212 13 of the AMF s General Regulations. It may be used in support of a financial transaction only if supplemented by a Transaction Note that has received approval from the AMF. This document was prepared by the issuer and its signatories assume responsibility for it. 2

1. Quaterly financial information BNP PARIBAS UPDATE TO THE REGISTRATION DOCUMENT 1.1 Group presentation BNP Paribas, Europe's leading provider of banking and financial services, has four domestic retail banking markets in Europe, namely in Belgium, France, Italy and Luxembourg. It operates in 75 countries and has close to 188,000 employees, including over 147,000 in Europe. BNP Paribas holds key positions in its two main businesses: Retail Banking and Services, which includes: Domestic Markets, comprising: - French Retail Banking (FRB); - BNL banca commerciale (BNL bc), Italian retail banking; - Belgian Retail Banking (BRB); - Other Domestic Markets activities including Luxembourg Retail Banking (LRB) International Financial Services, comprising: - Europe-Mediterranean; - BancWest; - Personal Finance; - Insurance; - Wealth and Asset Management; Corporate and Institutional Banking (CIB). Corporate Banking; Global Markets; Securities Services. BNP Paribas SA is the parent company of the BNP Paribas Group. 1.2 Long term and short term ratings LT/ST rating S&P Fitch Moody's As at 6 March A+/A 1 A+/F1 A1/Prime 1 (negative outlook) (negative outlook) As at 31 July A+/A 1 A+/F1 A1/Prime 1 (negative outlook) As at 30 October A+/A 1 A+/F1 A1/Prime 1 (negative outlook) As at 28 December A+/A 1 A+/F1 A1/Prime 1 (CreditWatch negative) Date of the last review 2 December 8 December 28 May 3

1.3 Recent events Paris, 23 December - SREP process completed - BNP Paribas capital ratio well above the 2016 minimum requirement from the ECB In accordance with the request by the Autorité des Marchés Financiers to French banks, BNP Paribas announces that it has received notification of the ECB s decision on the Supervisory Review and Evaluation Process (SREP). The capital requirement (CET1) that the bank has to meet on a consolidated basis in 2016 has been set at 10.0%, including the G-SIB buffer requirement which is equal to 0.5% in 2016. With a phased-in CET1 ratio of 10.9% as at 30.09.15 (10.7% fully loaded CET1 ratio), BNP Paribas is well above the minimum requirement applicable for 2016. The fully loaded G-SIB buffer stands at 2% for BNP Paribas, to be reached by 2019. The ECB s general recommendation is to follow a linear path towards the corresponding anticipated 11.5% fully loaded CET1 ratio in 2019. BNP Paribas intends to reach this level well in advance, thanks to its strong recurrent organic capital generation and active capital management as witnessed by the 40 basis points increase in its CET1 ratio in the first nine months of. Moreover, BNP Paribas is contemplating strategic alternatives with respect to its subsidiary, First Hawaiian Bank, which if successfully completed could strengthen BNPP s CET1 ratio by up to approximately 40 basis points. This would lead BNP Paribas to reach the fully loaded CET1 anticipated level by mid-2017. Following the SREP notification and in accordance with accounting rules, an impairment of the goodwill outstanding for BNL (Banca Nazionale del Lavoro) is triggered given the increased capital allocation requirement for this entity. This will impact the Group s fourth quarter results by 0.9 billion. This goodwill impairment is marginally positive on BNP Paribas regulatory capital ratio as goodwill is already deducted. BNP Paribas confirms its 45% dividend pay-out target. 4

2. Additional information 2.1 Documents on display This document is freely available at BNP Paribas head office: 16, boulevard des Italiens, 75009 Paris. The French version of this document is also available on: - The Autorité des Marchés Financiers (AMF) website at www.amf-france.org and, - The BNP Paribas website at www.invest.bnpparibas.com. 2.2 Significant changes Save as disclosed in this document, there has been no significant change in the financial position of the BNP Paribas Group since the end of the last financial period for which verified financial statements have been published. 2.3 Trends Refer to the section 12 of the table of concordance in chapter 7 of this document. 5

3. Statutory Auditors Deloitte & Associés 185, avenue Charles de Gaulle 92524 Neuilly-sur-Seine Cedex PricewaterhouseCoopers Audit 63, rue de Villiers 92208 Neuilly-sur-Seine Cedex Mazars 61, rue Henri Regnault 92400 Courbevoie Deloitte & Associés was re-appointed as Statutory Auditor at the Annual General Meeting of 23 May 2012 for a six-year period expiring at the close of the Annual General Meeting called in 2018 to approve the financial statements for the year ending 31 December 2017. The firm was first appointed at the Annual General Meeting of 23 May 2006. Deloitte & Associés is represented by Damien Leurent. Deputy: Société BEAS, 195, avenue Charles de Gaulle, Neuilly-sur-Seine (92), France, SIREN No. 315 172 445, Nanterre trade and companies register. PricewaterhouseCoopers audit was re-appointed as Statutory Auditor at the Annual General Meeting of 23 May 2012 for a six-year period expiring at the close of the Annual General Meeting called in 2018 to approve the financial statements for the year ending 31 December 2017. The firm was first appointed at the Annual General Meeting of 26 May 1994. PricewaterhouseCoopers Audit is represented by Etienne Boris. Deputy: Anik Chaumartin, 63, rue de Villiers, Neuilly-sur-Seine (92), France. Mazars was re-appointed as Statutory Auditor at the Annual General Meeting of 23 May 2012 for a six-year period expiring at the close of the Annual General Meeting called in 2018 to approve the financial statements for the year ending 31 December 2017. The firm was first appointed at the Annual General Meeting of 23 May 2000. Mazars is represented by Hervé Hélias. Deputy: Michel Barbet-Massin, 61, rue Henri Regnault, Courbevoie (92), France. Deloitte & Associés, PricewaterhouseCoopers, and Mazars are registered as Statutory Auditors with the Versailles Regional Association of Statutory Auditors, under the authority of the French National Accounting Oversight Board (Haut Conseil du Commissariat aux comptes). 6

4. Person responsible for the update to the Registration Document PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ITS UPDATES Jean-Laurent Bonnafé, Chief Executive Officer STATEMENT BY THE PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ITS UPDATES I hereby declare to the best of my knowledge, and after having taken all reasonable precautions, that the information contained in the present update of the Registration document is in accordance with the facts and contains no omission likely to affect its import. I obtained a completion letter from the Statutory Auditors, Deloitte & Associés, PricewaterhouseCoopers Audit, and Mazars, in which they state that they have verified the information contained in the present update about the Group s financial position and accounts and that they have read the Registration document and its update in their entirety. Paris, 24 December, Chief Executive Officer Jean-Laurent BONNAFÉ 7

5. Table of concordance Fourth update Filed with the AMF on December 28, Third update Filed with the AMF on October 30, Second update filed with the AMF on July 31, First update filed with the AMF on April 30, Registration document filed with the AMF on March 6, 1. Persons responsible 7 81 166 83 498 2. Statutory auditors 6 80 165 82 496 3. Selected financial information 3.1. Historical financial information 4-70 4-65 4-65 4 3.2. Financial information for interim periods 4-70 4-65 4-65 NA 4. Risk factors 71 ; 73-77 66 ; 152-156 66 245-364 5. Information about the issuer 5.1. History and development of the issuer 3 3 3 3 5 5.2. Investments 6. Business overview 129 ; 220-221 ; 420 ; 479 6.1. Principal activities 3 3 3 3 6-15 ; 168-171 ; 480-486 6.2. Principal markets 6-15 ; 168-171 ; 480-486 6.3. Exceptional events 4 107 ; 118 ; 128 ; 167-168 ; 395 6.4. Possible dependency 478 6.5. Basis for any statements made by the issuer regarding its competitive position 7. Organisational structure 7.1. Brief description 3 3 3 3 4 7.2. List of significant subsidiaries 231-239 ; 417-419 8. Property, plant, and equipment 8.1. Existing or planned material tangible fixed assets 8.2. Environmental issues that may affect the issuer s utilisation of the tangible fixed assets 9. Operating and financial review 6-15 196 ; 401 467-468 9.1. Financial situation 4-70 4-65 4-65 138-140 ; 384-385 9.2. Operating results 58-69 54-65 16 ; 56-64 138-139 ; 384 10. Capital resources 10.1. Issuer s capital resources 70 ; 73-77 72 ; 74-75 ; 152-158 142-143 10.2. Sources and amounts of cash flows 73 141 10.3. Borrowing requirements and funding structure 10.4 Information regarding any restrictions on the use of capital resources that have materially affected, or could materially affect, the issuer s operations. 19 ; 27 14 ; 22 133 ; 228-229 ; 339-342 ; 345-352 10.5. Anticipated sources of funds NA 11. Research and development, patents, and licences 12. Trend information 5 79 164 130-132 13. Profit forecasts or estimates 130-132 14. Administrative, management, and supervisory bodies, and senior management 14.1. Administrative and management bodies 72 67 67 30-45 ; 104 14.2. Administrative and management bodies conflicts of interest 15. Remuneration and benefits 15.1. Amount of remuneration paid and benefits in kind granted 15.2. Total amounts set aside or accrued by the issuer or its subsidiaries to provide pension, retirement, or similar benefits 16. Board practices NA NA 77 ; 45-73 68-80 45-73 68-80 45-73 8

16.1. Date of expiry of the current terms of office 16.2. Information about members of the administrative bodies service contracts with the issuer 16.3. Information about the audit committee and remuneration committee 16.4. Corporate governance regime in force in the issuer s country of incorporation 17. Employees BNP PARIBAS UPDATE TO THE REGISTRATION DOCUMENT Fourth update Third update Second update First update Registration Filed with the Filed with the filed with the filed with the AMF document filed with AMF on AMF on AMF on July 31, on April 30, the AMF on March 6, December 28, October 30, 30-45 NA 83-86 ; 89-91 74 17.1. Number of employees 3 3 3 3 441-442 ; 444 17.2. Shareholdings and stock options 157 ; 45-73 ; 454 17.3. Description of any arrangements for involving the employees in the capital of the issuer 18. Major shareholders 18.1. Shareholders owning more than 5% of the issuer s capital or voting rights 411 157 16-17 18.2. Existence of different voting rights 157 16 18.3. Control of the issuer 16-17 18.4. Description of any arrangements, known to the issuer, the operation of which may at a subsequent date result in a change of control of the issuer 19. Related party transactions 71 66 66 20. Financial information concerning the issuer s assets and liabilities, financial position, and profits and losses 20.1. Historical financial information 4-70 4-65 ; 68-149 17 45-73 ; 226-228 ; 492-494 4 ; 138-240 ; 384-420 20.2. Pro forma financial information 120 ; 160-163 20.3. Financial statements 70 68-149 65 138-240 ; 384-415 20.4. Auditing of historical annual financial information 241-242 ; 421-422 20.5. Age of latest financial information 138 ; 383 20.6. Interim and other financial information 4-70 4-65 ; 68-149 4-65 NA 20.7. Dividend policy 4 25 ; 131 20.8. Legal and arbitration proceedings 78 138-139 66 167-168 ; 219-220 ; 395 20.9. Significant change in the issuer s financial or trading position 5 79 164 81 479 21. Additional information 21.1. Share capital 1 1 157-159 16 ; 217-219 ; 403-405 ; 409-412 ; 487 16 ; 25 ; 217-219 ; 21.2. Memorandum and articles of association 157-163 409-412 ; 487-491 22. Material contracts 478 23. Third party information and statement by experts and declarations of interest 24. Documents on display 5 78 164 81 478 25. Information on holdings 144-149 195 ; 231-239 ; 417-419 ; 480-485 NA 9