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BNP Paribas Group: 2001 Annual results

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2001 results: 4th quarter: net income group share up 19.3%

Year 2001:
Net banking income up 7.3%
Operating income up 11.1%
4,018 million euros in net income group share (- 2.6 %)

Operating results posted regular sustained growth
for the past 3 years

- BNP PARIBAS results for the 4th quarter 2001 were up sharply compared to the 4th quarter 2000 (gross operating income: +17.1%; operating income: +23.6%; net income group share: +19.3%);

- For the entire year 2001, in a difficult market environment, the Group had better operating results than in 2000, a year during which results were affected by a combination of positive factors:

. Gross operating income: 6,517 million euros (+11.9%)
. Operating income (after provisions): 5,205 million euros( 11.1%)
. Net income group share: 4,018 million euros, down slightly (-2.6%) despite a substantially lower contribution of non-operating items
. Return on equity after income tax: 18.2%

. Each of the Group's core businesses contributed to this performance:

· Retail Banking, thanks to the good performance in its various business lines, continued to enjoy sustained growth in its business and its results;

· Private Banking, Asset Management, Insurance and Securities Services boosted its new money inflows and held up well despite a slump in the stock markets;

· Corporate and Investment Banking increased its revenues and curbed the decline in its operating income in a difficult market environment;

A proposal of a 1.20 euro dividend per share after the share split (or 1.80 euro including the tax credit), up 6.7%, will be put to shareholders for approval.