Results as at 30 June 2010 : Significant growth of BNP Paribas Assurance's revenues

In the second quarter of 2010, BNP Paribas Assurance posted 377 million euros in revenues, up 21.2% at constant scope and exchange rates. BNP Paribas Assurance contributes significantly to the growth revenues of Investment Solutions division.
In the second quarter of 2010, BNP Paribas Assurance had gross written premiums of 2.2 billion euros.

Extract of BNP Paribas Press Release related to Investment Solutions division:
“In a challenging environment characterised by bearish equity markets, widening credit spreads and, therefore, customers' greater aversion to risk, the Investment Solutions division had a solid operating performance. The division's revenues, which totalled 1,539 million euros, were up 15.7% compared to the second quarter 2009. At constant scope and exchange rates, they were up 5.7%, driven by Insurance (+21.2%), by the Securities Services business' revenues (+2.7% thanks in particular to growing outstandings) and by Wealth and Asset Management's ability to hold up well (+1.1%).
Thanks to the moderate growth in operating expenses (3.9%), the division's pre-tax income came to 473 million euros, up sharply by 32.1% compared to the second quarter 2009 (+24.8%). This good performance illustrates the effectiveness of the division's integrated model which enables all its perfectly complementary business units bring in, manage, protect and administer the assets of its clients.
Assets under management, which totalled 874 billion euros, were up sharply 11.0% compared to 30 June 2009 and flat compared to 31 March 2010. In an adverse market environment and very low interest rates, the Asset Management business unit saw 8.9 billion euros in asset outflows this quarter.
But good asset inflows in Insurance (2.2 billion euros) in France, Belgium, Luxembourg and Taiwan, in Private Banking (1.4 billion euros) and in Personal Investors (0.7 billion euros) helped curtail the division's net asset outflows to 4.4 billion euros.”