1 UNIVERSAL REGISTRATION . DOCUMENT AND ANNUAL . FINANCIAL REPORT 2020. The bank for a changing world 1 PRESENTATION OF THE BNP PARIBAS GROUP 3 6 INFORMATION ON THE PARENT. Group presentation 4 COMPANY FINANCIAL STATEMENTS. Key figures 4 AT 31 DECEMBER 2020 493. History 5 BNP Paribas SA financial statements 494. Presentation of operating divisions and business lines 6 Notes to the parent company financial statements 496. BNP Paribas and its shareholders 18 Appropriation of income for the year ended 31 December 2020 and dividend distribution 522. 2 CORPORATE GOVERNANCE BNP Paribas SA five-year financial summary 523. AND INTERNAL CONTROL 31 Main subsidiaries and associates of BNP Paribas SA 524. Disclosures of investments of BNP Paribas SA. Report on Corporate governance 32. in 2020 affecting at least 5% of share capital Statutory Auditor's report, prepared in of french companies 531. accordance with article of the French Statutory Auditors' report on the financial statements 532.
2 Commercial Code, on the Board of directors'. report on corporate governance 102. The Executive Committee 102. 7 A COMMITTED BANK: INFORMATION. Internal control 105 CONCERNING THE ECONOMIC, SOCIAL, CIVIC AND ENVIRONMENTAL. 3 2020 REVIEW OF OPERATIONS 121 RESPONSIBILITY OF BNP PARIBAS 539. BNP Paribas consolidated results 122 Our strategy 543. Core Business results 124 Our economic responsibility: financing the economy in an ethical manner 550. Balance sheet 139. Our social responsibility: developing and engaging Profit and loss account 142 our people responsibly 567. Recent events 146 Our civic responsibility: being a positive agent Outlook 146 for change 586. Financial structure 148 Our environmental responsibility: accelerating Alternative Performance Measures (APM) the ecological and energy transition 594. Article 223-1 of the AMF's General regulation 149 Climate-related issues management summary 608. Duty of Care and Modern Slavery Act and Human 4 CONSOLIDATED FINANCIAL Trafficking statement 615.
3 STATEMENTS FOR THE YEAR ENDED Extra-financial performance statement 622. 31 DECEMBER 2020 161 Grenelle II Table of concordance , GRI, ISO 26000, Global Compact, Sustainable Development Goals, Profit and loss account for the year Principles for Responsible Banking 627. ended 31 December 2020 164. Report by one of the Statutory Auditors, Statement of net income and changes in assets appointed as an independent third party, and liabilities recognised directly in equity 165 on the non-financial performance statement Balance sheet at 31 December 2020 166 included in the Group's management report 632. Cash flow statement for the year ended 31 December 2020 167 8 GENERAL INFORMATION 635. Statement of changes in shareholders' equity Documents on display 636. between 1 January 2019 and 31 December 2020 168. Material contracts 636. Notes to the financial statements prepared in accordance with IFRS as adopted by the European Dependence on external parties 636. Union 170 Significant changes 637.
4 Statutory Auditors' report on the consolidated Investments 637. financial statements 272 Information on locations and businesses in 2020 638. 5 RISKS AND CAPITAL ADEQUACY PILLAR 3 279. Founding documents and Articles of association . Statutory Auditors' special report on related party 645. ANNUAL risk survey 282 agreements 650. Capital management and capital adequacy . Risk management 336. 304. 9 STATUTORY AUDITORS 653. Credit risk 344 Statutory Auditors 654. Securitisation in the banking book . Counterparty credit risk . 403. 414 10 PERSON RESPONSIBLE FOR. Market risk 426 THE UNIVERSAL REGISTRATION DOCUMENT 655. Liquidity risk 444 Person responsible for the UNIVERSAL REGISTRATION Operational risk 458 DOCUMENT and the ANNUAL financial report 656. Insurance risks 466 Statement by the person responsible for the UNIVERSAL REGISTRATION DOCUMENT 656. Appendix 1: Sovereign exposures 471. Appendix 2: Regulatory capital Detail 474 11 TABLES OF concordance 657. Appendix 3: Countercyclical capital buffer 480.
5 Appendix 4: Capital requirements of significant APPENDIX 663. subsidiaries 482. Appendix 5: List of tables and figures 488 Key information regarding the issuer, pursuant to Article of European Regulation No 2017/1129 663. Appendix 6: Acronyms 491. 2020 UNIVERSAL REGISTRATION DOCUMENT and ANNUAL financial report The English version of the UNIVERSAL REGISTRATION DOCUMENT has been filed on March 12, 2021 with the AMF, as competent authority under regulation (EU) 2017/1129 without prior approval pursuant to article 9 of Regulation (EU) 2017/1129. The UNIVERSAL REGISTRATION DOCUMENT may be used for the purposes of an offer to the public of securities or admission of securities to trading on a regulated market if approved by the AMF together with any amendments, if applicable, and a securities note and summary approved in accordance with Regulation (EU) 2017/1129. The UNIVERSAL REGISTRATION DOCUMENT may form part of a prospectus of the issuer consisting of separate documents within the meaning of the Prospectus Regulation.
6 This is a translation into English of the ( UNIVERSAL ) REGISTRATION DOCUMENT of the Company issued in French and it is available on the website of the Issuer 2020 UNIVERSAL REGISTRATION DOCUMENT and ANNUAL financial report - BNP PARIBAS 1. 2 2020 UNIVERSAL REGISTRATION DOCUMENT and ANNUAL financial report - BNP PARIBAS. 1 PRESENTATION OF THE. BNP PARIBAS GROUP. Group presentation 4. Key figures 4. Results 4. Market capitalisation 4. Long-term and short-term ratings 5. History 5. Presentation of operating divisions and business lines 6. Retail Banking & Services 6. Domestic Markets 6. International Financial Services 11. Corporate & Institutional Banking 14. Corporate centre 17. BNP Paribas and its shareholders 18. Share capital 18. Changes in share ownership 18. Listing information 20. Shareholder dashboard 22. Creating value for shareholders 23. Communication with shareholders 24. Shareholder Liaison Committee 25. Dividend 25. Change in dividend (in euros per share) 26.
7 BNP Paribas registered shares 26. Shareholders' ANNUAL General Meeting 27. Disclosure thresholds 29. 2020 UNIVERSAL REGISTRATION DOCUMENT and ANNUAL financial report - BNP PARIBAS 3. 1 Presentation of the BNP Paribas Group Group presentation Group presentation 1. BNP Paribas, Europe's leading provider of banking and financial services, International Financial Services, comprising: has four domestic Retail Banking markets in Europe, namely in France, Europe-Mediterranean, Belgium, Italy and Luxembourg. Bank of the West, It operates in 68 countries and has more than 193,000 employees, Personal Finance, including nearly 148,000 in Europe. BNP Paribas holds key positions in its two main businesses: Insurance, Wealth and Asset Management;. Retail Banking and Services, which includes: Corporate and Institutional Banking (CIB): Domestic Markets, comprising: Corporate Banking, French Retail Banking (FRB), Global Markets, BNL banca commerciale (BNL bc), Italian Retail Banking, Securities Services.
8 Belgian Retail Banking (BRB), BNP Paribas SA is the parent company of the BNP Paribas Group. Other Domestic Markets activities including Arval, BNP Paribas Leasing Solutions, BNP Paribas Personal Investors, Nickel and Luxembourg Retail Banking (LRB);. Key figures RESULTS. 2016 2017 2018 2019 2020. Revenues (in millions of euros) 43,411 43,161 42,516 44,597 44,275. Gross operating income (in millions of euros) 14,033 13,217 11,933 13,260 14,081. Net income Group share (in millions of euros) 7,702 7,759 7,526 8,173 7,067. Earnings per share (in euros) (*). Return on equity(**) (**) (*) Based on net income Group share adjusted for interest on Undated Super Subordinated Notes deemed equivalent to preferred shares issued by BNP Paribas SA and treated as a dividend for accounting purposes. (**) Return on equity is calculated by dividing net income attributable to equity holders (adjusted for interest on Undated Super Subordinated Notes issued by BNP Paribas SA, treated as a dividend for accounting purposes and adjusted for the foreign exchange effect on redeemed Undated Super Subordinated Notes) by average permanent shareholders' equity, not revalued, between the beginning of the year and the end of the year (shareholders' equity attributable to equity holders adjusted for 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 and the distribution project).
9 (**) with posting into reserves in 2020 the dividend initially planned with respect of 2019 results. MARKET CAPITALISATION. 31/12/2015 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020. Market capitalisation (in billions of euros) 4 2020 UNIVERSAL REGISTRATION DOCUMENT and ANNUAL financial report - BNP PARIBAS. Presentation of the BNP Paribas Group History 1. LONG-TERM AND SHORT-TERM RATINGS. 1. Long-term and short-term Long-term and short-term ratings as at 3 March 2020 ratings as at 2 March 2021 Outlook Date of last review Standard & Poor's A+/A-1 A+/A-1 Negative 23 April 2020. Fitch AA-/F1 AA-/F1 Negative 12 October 2020. Moody's Aa3/Prime-1 Aa3/Prime-1 Stable 4 December 2020. DBRS AA (low)/R-1 (middle) AA (low)/R-1 (middle) Stable 10 July 2020. On 23 April 2020, Standard & Poor's affirmed the long-term rating of On 4 December 2020, Moody's affirmed the long-term rating of BNP Paribas at A+ with a negative outlook. BNP Paribas at Aa3 with a stable outlook.
10 On 12 October 2020, following its review, Fitch affirmed the long-term On 10 July 2020, DBRS confirmed the long-term rating of BNP Paribas at rating of BNP Paribas at AA-, removing it from its Rating Watch Negative AA (low) with a stable outlook. and assigned a Negative outlook. History 1966: Creation of BNP 1998: Creation of Paribas The merger of BNCI and CNEP to form BNP represented the largest On 12 May 1998, the merger between Compagnie Financi re de Paribas, restructuring operation in the French banking sector since the end of Banque Paribas and Compagnie Bancaire was approved. the Second World War. 1999: A momentous year for the Group 1968: Creation of Compagnie Financi re de Paris Following an unprecedented double tender offer and a stock market battle et des Pays-Bas waged over six months, BNP was in a position to carry out a merger of 1982: Nationalisation of BNP and Compagnie equals with Paribas. For both groups, this was the most important event Financi re de Paris et des Pays-Bas at the time since their privatisation.