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Press Release

Given the persistent rumours, BNP Paribas clarifies that it has ceased to consider a potential tie up with Société Générale. It believes that the conditions, which would have allowed it to realise a shareholder value creating merger, are not met.

In the current environment, BNP Paribas' priority is to recognise and play to its strengths: stringent risk management, solid financial structure, commercial efficiency, diversification of revenue sources. The Group is well positioned to continue its development by combining its expertise in Retail Banking (over 50% of the Group's revenues), Corporate and Investment Banking (28%) and Asset Management and Services (18%).

In the current market conditions with many banks' activity constrained, BNP Paribas with its strong capital position is well placed to continue to support its customers and economic development.


Press Contacts:
Antoine Sire - (33) 1 40 14 21 06 - antoine.sire [at] bnpparibas (dot) com
Jonathan Mullen - (33) 1 42 98 13 36 - jonathan.mullen [at] bnpparibas (dot) com
Christelle Maldague - (33) 1 42 98 56 48 - christelle.maldague [at] bnpparibas (dot) com
Céline Castex - (33) 1 42 98 15 91 - celine.castex [at] bnpparibas (dot) com
Hélène Delannoy - (33) 1 40 14 66 28 - helene.delannoy [at] bnpparibas (dot) com
Isabelle Wolff - (33) 1 57 43 89 26 - isabelle.wolff [at] bnpparibas (dot) com
Pascal Henisse - (33) 1 40 14 65 14 - pascal.henisse [at] bnpparibas (dot) com