BNP Paribas Fortis 2013 Half-year Results

• Net profit attributable to shareholders of EUR 617 million

• Resilient revenues in a challenging economic environment, while cost of risk remains low. Continued growth in client loans by 2.4%^1,2 and client deposits by 4.1%¹, underlining the Bank’s commitment to the real economy

• Operating expenses overall flat thanks to cost control initiatives announced in the strategic update of December 2012 which are delivering a first wave of savings

• Strong solvency, with a Tier 1 capital ratio of 14.8%; and solid liquidity, with client loans fully funded by client deposits

BNP Paribas Fortis realised a net profit attributable to shareholders of EUR 617 million in the first half of 2013 compared to EUR 545 million in the first half of 2012 (+13,2%): a sound business performance in a challenging economic and financial environment.

In Belgium, business activity showed a 4.1%¹ increase in client deposits, reaching EUR 104 billion, due to good growth in current and savings accounts. Lending rose by 2.4%^1,2 to EUR 86 billion, due in particular to a rise in loans to individuals and SMEs. Outside Belgium, Turkey showed a strong performance in loan and deposit growth.

Operating income amounted to EUR 1,029 million, a strong increase of EUR 368 million (+56%) compared to the first half of 2012. Approximately half of this increase came from the acquisition of Specialised Finance activities from BNP Paribas Group and from scope changes related to Leasing activities (full consolidation as of the second quarter of 2012), some Factoring entities (full consolidation as of the second quarter of 2013) and branches in Norway and the Netherlands (entering into scope).

• Total revenues amounted to EUR 3,344 million in the first half of 2013, up EUR 444 million compared to the first half of 2012.

• Net interest income totalled EUR 2,199 million in the first half of 2013, down by EUR 31 million on the same period in 2012. Excluding scope changes, the negative evolution of net interest income was driven by lower interest revenues in Belgium and Luxembourg, which suffered from a low interest rate environment, and in foreign branches, due to the run-down of non-core portfolios. In Turkey interest income increased, mainly linked to volume growth, which more than offset the negative impact of the depreciation of the Turkish lira against the euro.

• Net commission income amounted to EUR 812 million in the first half of 2013, up EUR 151 million or 23% compared to the same period in 2012. The increase in net commission income was due partly to Belgian Retail Banking, Luxembourg and Turkey activities and partly to commissions earned on the acquired Specialised Finance activities.

• Operating expenses and depreciations amounted to EUR 2,096 million in the first half of 2013, compared to EUR 2,084 million in the same period of last year. The increasing impact of scope changes (Leasing, Factoring and Norway and Netherlands foreign branches), newly acquired Specialised Finance business and the higher expenses in Turkey, linked to the growth initiatives, was partially compensated by cost savings – the first wave of savings achieved under the strategic update announced in December 2012 – and lower restructuring costs.

• Cost of risk amounted to EUR 219 million in the first half of 2013, EUR 64 million higher than in the first half of 2012, which benefitted from releases of collective provisions. Nevertheless, the cost of risk remained moderate, with a particularly low level in Belgium and Luxembourg in spite of the economic environment.

The BNP Paribas Fortis balance sheet total amounted to EUR 272 billion at the end of June 2013, at the same level as at the end of 2012.

BNP Paribas Fortis’ solvency remained strong: at 30 June 2013, the Tier 1 capital ratio stood at 14.8% and the total capital ratio at 17.5%, well above the regulatory required minimum of 8%. The Bank’s liquidity likewise remained solid with client loans fully funded by client deposits at 30 June 2013.

CEO Max Jadot: “Our results over the first half of 2013 confirm that BNP Paribas Fortis is on track and able to deliver sustained results in a challenging economic climate with persistent low interest rates. The increase in revenues, as well as in client loans and client deposits, shows that our business is moving ahead and we are fully playing our role in the Belgian economy.

Over the past half year, BNP Paribas Fortis has continued to adapt to the needs and requests of its clients:

• We continued to invest further in new digital infrastructure and applications, such as Easy banking, Easy transfer, Mobile Wallet and Hello bank!

• EUR 1 billion worth of new credit has been allocated in a special campaign to support small and medium-sized enterprises

• The successful integration of the Specialised Finance, Leasing and Factoring activities has expanded our service offering for our corporate clients in order to assist them in their activities in Belgium and abroad.

We will continue to align our service range to the expectations of our clients and live up to our goal of being the Bank of choice for our clients, for our employees and for all other stakeholders.

To better serve our clients, good progress has also been made in the implementation of a leaner organisation structure, the simplification of operations, the centralisation and streamlining of our network of branches and business centres, while at the same time more time is being freed up for client contact. We remain committed to discipline in the management of the Bank’s operating expenses and the cost of risk, the more so in view of the challenging financial environment.

I would like to thank our clients for the trust they place in us and also our staff for their strong efforts in achieving these results.”

For more details, you can consult the Financial Report First half-year 2013, including the report of the college of accredited statutory auditors of BNP Paribas Fortis SA/NV, at www.bnpparibasfortis.com.

Figures included in this document are unaudited.

The Financial Report First half-year 2013 and this document include forward-looking statements based on current beliefs and expectations about future event. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas Fortis and its subsidiaries and investments, developments of BNP Paribas Fortis and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally or in BNP Paribas Fortis’ principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this document speaks as of the date of this document. BNP Paribas Fortis undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. The information contained in this document as it relates to parties other than BNP Paribas Fortis or derived from external sources has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein.

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