It has a presence in 72 countries, with more than , employees, of which more than , in Europe. The Group helps all its clients individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients to realise their projects through solutions spanning financing, investment, savings and protection insurance.
BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. Go to navigation Go to content. Press Release detail Press Releases lists. Furthermore, via the same site, you will be able to access the mandatory General Meeting documents. You must find out whether your custodian uses the Votaccess system and, if applicable, whether this access is subject to special conditions of use.
If your custodian is connected to Votacess, please identify yourself with your usual login details. Then click on the icon that appears on the line corresponding to your BNP Paribas shares and follow the indications shown on the screen in order to access the Votacess site where you will enter your voting instruction, request an admission card or appoint or revoke a proxy. Furthermore, via the same site, you can access the mandatory General Meeting documents.
In order to attend this Meeting in person, be represented or vote by post, your BNP Paribas shares just have to be recorded in your name, whether they are registered or bearer shares, on the third working day before the Meeting. Make sure you have proof of identity on you. Postal votes will only be taken into account if the forms are duly completed and are received by BNP Paribas Securities Services at least one day before the General Meeting at the latest.
Please note that you can notify your decision to either appoint or revoke a proxy by electronic mail, in accordance with the provisions of article R et seq. This email must contain the following information: name of the Company concerned, date of the Meeting, your surname, first name, address and full bank details as well as, if applicable, the surname, first name and address of the proxy. Concerning the first share exchange offer also accompanied by Contingent Value Rights -Certificats de Valeur Garantie- whose cost price is then deemed to be zero - which ended on August 6, , the starting price of the BNP share was The Annual Meeting, pursuant to the recommendation of the Board of Directors, set up the terms and conditions governing the payment of the dividend.
The dividend may be paid in cash or with an option to receive payment in the form of additional shares. The option must be exercised, generally, within a period of three weeks after the cutting off of the coupon. The formalities are completed with the financial intermediaries authorized to pay the dividend. In the event that the dividend due does not correspond to a round number of shares, the shareholder may choose to be paid a balancing cash adjustment or, alternatively, to pay a further amount allowing him to acquire an additional share.
If you wish to become a BNP Paribas shareholder and own part of its capital we invite you to buy at least one share. Shareholders may hold BNP Paribas shares in two different ways: as "registered" shares or as "bearer" shares. Anyone buying shares in bearer form becomes a BNP Paribas shareholder.
Shares held in bearer form are managed by the bank or by the financial institution chosen by the shareholder. Shareholders holding BNP Paribas bearer shares can request the conversion of their shares into registered shares pure or administered form. Holding pure registered shares in an equity savings plan PEA is not highly recommended due to the taxation applicable to this account. Shareholders whose BNP Paribas shares are held within a PEA can transfer them to a registered account and choose to hold them as administered registered shares.
BNP Paribas has also developed its shareholding offer of administered registered shares for its institutional shareholders. For those investors, this choice of shareholding combines the main advantages of both bearer and pure registered forms:.
As of today it counts more than 63, members. Meetings with shareholders are arranged during the year in the main regional cities: the bank's policy is presented by senior executives of BNP Paribas and members of the Top Management.
Chaired by Jean Lemierre, it includes ten shareholders who are both geographically and socio-professionally representative of the retail shareholder population, along with two employees or former employees.
Each member serves a three-year term. Any shareholder can become a candidate. In fact, your broker or financial intermediary is free to determine a higher coverage if deemed more appropriate. The indications below apply to dividends paid since tax return filed in and tax due in 1.
Dividends received by French resident taxpayers are subject to a flat tax at the rate of The tax payable is the same regardless of whether the shareholder chooses to be paid in cash or in shares where the Bank offers this option. However, tax payers may opt for taxation at the progressive scale for income tax.
This option is global and concerns all the taxpayer's income from investment income. It is exercised when the tax return is filed. When dividends are paid, an advance payment for income tax of These deductions are mandatory.
The Taxpayers whose taxable income is less than EUR 50, in the case of single, divorced or widowed taxpayers or EUR 75, in the case of taxpayers taxed jointly as a household may request an exemption from the An exemption request must be submitted, under the taxpayer's responsibility, no later than 30 November in the year preceding that of the dividend payment. Any excess is returned. Dividends paid to individuals who do not reside in France are subject to a withholding tax at the The indications below apply to capital gains realised in January tax return filed in and tax due in As from 1 January , capital gains on the sale of securities by individuals are subject to the flat tax PFU of Capital gains or losses are calculated by the difference between the sale price and the purchase price.
Losses incurred during the course of a year may exclusively offset capital gains of the same nature taxable in respect of the same year. In case of a positive balance, the remaining capital gains are reduced, if applicable, by the capital losses incurred in previous years. Indeed, capital losses can be offset against gains of the same type realised during the same year or during the following ten years but not against total income. In case of a negative balance, the excess of losses may offset capital gains realised during the following ten years.
For disposals made on or after January 1, , the application of a deduction for the holding period is waived for securities acquired on or after January 1, On the contrary, for securities acquired before 1 January and where the taxpayer exercises the global option for progressive scale taxation, capital gains on disposal are reduced by a proportional allowance under ordinary law.
This allowance does not apply to social security contributions. Social security contributions therefore remain due on capital gains on disposals before application of the deduction for the holding period. Details of declaration Any net capital gain or loss realised on a disposal of shares must be declared on a special form no. Under certain conditions, and if the taxpayer's financial intermediaries provide details of the realised capital gains or losses, the taxpayer may be exonerated from filing this declaration.
Share repurchase Share repurchases are taxed under the capital gains regime described above regardless of the procedure used repurchase for a capital reduction not motivated by losses, repurchase for an allocation to employees or repurchase made as part of a share repurchase program.
Although share exchange operations are treated as taxable disposals, French resident shareholders were still able to request a deferral of their tax liability. NB: in practice, shareholders who did not exceed the threshold that triggered taxation of capital gains on securities FRF 50, at the time, i. EUR 7, had no interest in deferring their tax liability. For the rest, requesting deferral of tax had the effect of withdrawing the exchange operations from the transfer threshold and deferring taxation of capital gains until they sold the securities received under the swap for a consideration BNP Paribas shares today, as the merger between BNP and Paribas in had no impact on the deferral.
The sale of the securities concerned by the deferred taxation entails the end of the deferral and the corresponding taxation of the capital gain whose taxation was deferred.
Individuals who do not reside in France are exempted from taxation of capital gains on sales of BNP Paribas shares 1. A PEA is a special securities account associated with a current account through which individuals resident in France can invest under favourable tax conditions, especially in the securities of companies that have their registered office in France1.
Although the normal lifespan of a PEA is eight years, the tax benefits kick in at the end of the plan's fifth year. The maximum investment in cash is EUR , per plan a couple can take out two plans 2. Provided that no withdrawals have been made before the end of the fifth year, capital gains and dividends are exempt from tax definitively other than social security contributions, which are calculated each year on the gains realised but paid when the plan is closed.
Moreover, on closing a PEA held for more than five years that is showing a capital loss, under certain conditions this loss can be offset against capital gains on disposals of transferable securities and shares realised during the same year or during the following ten years. A donation of securities held within a PEA before the end of the fifth year is treated as a withdrawal and thus entails the closure of the plan and the corresponding taxation of the dividends and the capital gains realised during the PEA's lifetime.
If the donation is made between the sixth and eighth year, it results in the closure of the plan but does not generate an income tax liability only social security contributions are due.
If the donation constitutes only a partial withdrawal from the PEA and takes place after the end of the fifth year, it does not result in the closure of the plan, generating only a social security contribution liability. If a tax deferral related to securities transferred for no consideration donation or inheritance , the deferred capital gain is exempt from tax. This program was upgraded to Level 1 on 17 March , providing wider access to US investors.
ADR's are quoted and traded in U. Dividends, when paid, are paid to investors in U. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.
You can purchase ADRs directly through your broker as a beneficial or 'street name' holder. Beneficial or 'street name' holders usually hold their shares through a bank or brokerage account and are not directly registered on the books of the company.
ADRs eliminate many of the obstacles of holding non-U. You can transfer your foreign shares to JPMorgan's custodian bank in the issuer's home country. To convert your ADRs back into foreign shares, you should instruct your broker to cancel the ADRs, and provide him or her with complete delivery instructions in the issuer's home country. Yes, information can be sent electronically. The highest financial rating for a company or a State. This rating is attributed by independent financial rating agencies and gives an idea of the solvency of the economic agent in question.
Asset Backed Securities These are securities backed by loans grouped within a single structure. Reverse of dilution. Accretion is where a corporate action share buyback or issue of shares in a smaller proportion than the increase in income following a merger or public tender offer, for example leads to an increase in earnings per share.
Its role is to preserve the interests of the customers as well as to look after the global stability of the financial system. American Depositary Receipt Negotiable certificates representing one or several shares. Their face value is stated in dollars and interest is also payable in dollars.
ADRs allow American investors to buy shares in foreign-based companies that are not quoted on an American Stock Exchange. Its duties therefore include those taken over from these two bodies, i.
The law also allocated two new responsibilities to the AMF: regulation of investment advisory activities and supervision of rating agencies and financial analysts. Activity that consists of attempting to profit by price differences on the same or similar financial assets.
Fees paid to members of the Board of Directors and of the Supervisory Board. The overall amount of attendance fees is decided by the Ordinary General Meeting of Shareholders and the individual fees paid to members are decided by the Board based on a proposal by the Remuneration Committee. Right to receive bonus shares issued in connection with a capital increase paid up by capitalising retained earnings. Attribution rights are quoted. Dividend tax credit available to individual shareholders resident in France on the dividends distributed by French companies.
The purpose of the tax credit is to avoid double taxation of distributed earnings, in the hands of the company and the shareholder. The avoir fiscal granted to individual shareholders resident in France is equal to one half of the net dividend. It is deductible from personal income tax. If the avoir fiscal cannot be set off against taxable income it is refunded by the French Treasury. Intranet site for Group employees.
The home page includes a browser, links to services and a wealth of information concerning the various functions within the Group, practical information for employees and career information. An official legal newspaper in which are posted, among others, the convening notices for AGMs.
A term given to stocks with large capitalisations and significant liquidity, i. A world leader in personal insurance, has designed, developed and marketed savings and protection products and services to protect individuals, their projects and their assets. BNP Paribas Cardif has developed new forms of insurance and extended its offer of protection to health insurance, budget insurance, revenue and means of payment insurance, warranty extensions, nonlife insurance, unemployment insurance, return-to-work assistance, protection of private digital data, etc.
Debt security whereby the issuer undertakes to pay the lender a fixed capital sum at a specific future date, plus twice-yearly or annual interest payments. Interest payments — generally at fixed rates — may vary over the life of the bond. Debentures are unsecured bond. Main subscriber or arranger of bond or equity issues, a bookrunner gathers and records the orders of the investors. It generally syndicates the issues to other financial institutions.
BNP Paribas Securities Services is one of the major global players in securitites services and provides integrated solutions for all actors involved in the investment cycle, sell side, buy side and issuers. Amount of cash or assets contributed by shareholders, plus any profits, retained earnings or premiums transferred to the capital account. The capital may be increased or reduced during the life of the company.
The capital may be increased by issuing new shares for cash or in exchange for assets, such as shares in another company. Alternatively, it may be increased by capitalising additional paid-in capital, retained earnings or profits and either raising the par value of existing shares or issuing new shares without consideration.
Existing shareholders may have a pre-emptive right to subscribe for the new shares or this right may be cancelled. A capital increase may be carried out to give new investors an opportunity to become shareholders.
All capital increases must be authorised in advance by the shareholders, in Extraordinary General Meeting. Security, forex, rates and shares One component of CIB alongside with financing businesses and advisory activity. Cash generated by operations that can be used to finance investment without raising equity or debt capital. Credit Default Swap. The 5 year senior CDS spread market reference is the insurance premium which makes it possible to be covered during 5 years against the risk of default of a company.
As an exemple, a spread of basis points means that euros must be paid per year to guarantee 10, euros of commitments during 5 years. French investment clubs benefit from an advantageous tax treatment of capital gains. A pledge of cash or securities required by an intermediary to secure future transactions carried out by a client.
In practice, the intermediary can determine the collateral requirement and raise the percentages if deemed necessary, or ask for an amount equal to the full value of the purchase. Shareholder Consultation Committee A group of individual shareholders selected to advise the company on its communications targeted at individual shareholders.
The consolidated financial statements present the results and financial situation of a group of companies, directly or indirectly controlled by one company the parent company. SocGen Chairman Daniel Bouton told analysts on a conference call on Thursday that any takeover or merger proposal would have to be examined in the best interests of shareholders, customers and staff, and that the fraud episode would not change this.
After the bank agreed to merge with rival Paribas in , BNP launched an audacious double-bid for both, but while it was able to net Paribas, a French court stepped in to prevent the combination with SocGen. Both banks have since boosted their corporate and investment banking operations and have established top market positions in equity derivatives. This means there is now a lot more overlap than there was in , and scope for a major culling of jobs if the banks were to merge.
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