BNP Paribas' global exposure to the Lehman Brothers group amounts to around €400mn:
- Net derivative claims : around €200mn
- Bank loan : $250mn, ie €180mn
- Letters of credit : around €25mn
- Securities issued by the Lehman Brothers group: negligible
The net derivative claims above take into account netting and collateral agreements when appropriate. Close-out netting process is very well advanced. Final figures may differ to some extent.
About BNP Paribas:
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 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.
- Net derivative claims : around €200mn
- Bank loan : $250mn, ie €180mn
- Letters of credit : around €25mn
- Securities issued by the Lehman Brothers group: negligible
The net derivative claims above take into account netting and collateral agreements when appropriate. Close-out netting process is very well advanced. Final figures may differ to some extent.
About BNP Paribas:
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 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 contact(s)
Press Contacts:
Antoine Sire
Tel : 01 40 14 21 06
antoine.sire [at] bnpparibas (dot) com
Jonathan Mullen
Tel : 01 42 98 13 36
jonathan.mullen [at] bnpparibas (dot) com
Christelle Maldague
Tel : 01 42 98 56 48
christelle.maldague [at] bnpparibas (dot) com
Antoine Sire
Tel : 01 40 14 21 06
antoine.sire [at] bnpparibas (dot) com
Jonathan Mullen
Tel : 01 42 98 13 36
jonathan.mullen [at] bnpparibas (dot) com
Christelle Maldague
Tel : 01 42 98 56 48
christelle.maldague [at] bnpparibas (dot) com