BNP Paribas' global equity capital increase for employees this year was another big success. Employee share subscriptions totalled Euros 211.5 million and 53% of employees subscribed to the issue.
The employee share subscriptions include their part of the French profit sharing amount of Euros 95.9 million and additional voluntary payments in France and worldwide of Euros 92.5 million. In addition to the employee subscriptions, BNP Paribas is also paying in an employer's contribution amounting to Euros 23.1 million.
Following this equity capital increase, current and former BNP Paribas employees now hold an equity stake of nearly 5% in the group, in respect of employee savings including 3.7% with mutual investment funds and a little over 1% held directly as part of the employee shareholding plan.
_________________About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. BNP Paribas is the first bank in the Euro zone in terms of net income (2004). The group has one of the largest international banking networks, present in over than 85 countries with close to 100 000 employees, including 67,000 in Europe. BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset management & Services and Retail Banking.