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Rumours suggesting plans to sell Banque Directe are therefore groundless

Banque Directe is France's leading on-line bank with over 100,000 accounts and 75,000 customers. Within the BNP Paribas Group, the leader in e-finance, it is a strategic asset with strong brand recognition and recognised experience.

Banque Directe, whose aim is to have 300,000 accounts and 200,000 customers by the end of 2002, has launched a 3-year 130 million Euro investment programme. Separately, Banque Directe reached its break even point with respect to its operating income, excluding customer acquisition and development costs, in the first half of 2000.

Rumours suggesting plans to sell Banque Directe are therefore groundless.