ANNUAL REPORT 2007 BNP PARIBAS (SUISSE) SA

BNP PARIBAS (SUISSE) SA 

ANNUAL REPORT 2007 

EXTRACT FROM THE ORIGINAL FRENCH VERSION 

OF THE ANNUAL REPORT 2007* 

*ONLY THE FRENCH VERSION IS CONTRACTUAL

BNP Paribas (Suisse) SA 

Contents 

Board of Directors................................................................................................................................................................................................2 

Executive Management.....................................................................................................................................................................................3 

Extract from the consolidated annual financial statement .........................................................................................................4 

Addresses ................................................................................................................................................................................................................10

2 

Board of Directors (as of December 31, 2007) 

Chairman 

Georges CHODRON de COURCEL* 

Chief Operating Officer, BNP Paribas, Paris 

Vice Chairman 

Michel HALPERIN* • Attorney-at-Law, Geneva 

Members of the Board 

François DEBIESSE* 

Chief Executive Officer Private Bank 

BNP Paribas, Paris 

Christophe R. GAUTIER 

Vice Chairman of the Board of Directors, 

DKSH Holding Ltd., Zumikon 

Peter LENZ • Associate Lenz Caemmerer Bender, 

Attorneys, Basle 

Vivien LEVY-GARBOUA 

Alain PAPIASSE* • 

Michel PEBEREAU 

Yves PERBEN 

Jörg N. RAPPOLD 

Domique REMY* 

J. Friedrich SAUERLÄNDER 

Member of the Executive Board, 


Member of the Executive Board, 


Chairman of the Executive Board 


Member of the Board, Corpofina, Genève 

Attorney-at-Law, Zurich 

Head of Energy Commodities Export Project, 


Director of the Boards, Céligny 

Peter G. SULZER • Director of the Boards, Zurich 

Secretary of the Board Philippe BERTA Head of Legal 

Secretary of the Audit Committee Jean-Claude MATHAIS Head of Ethics and Compliance 

Internal Audit Cédric PERRUCHOT Head of Internal Audit 

Statutory Auditors 

PricewaterhouseCoopers SA 

* Members of the Committee of the Board 

• 

Members of the Audit Committee

3 

Executive Management (as of December 31, 2007) 

Executive Management 

Pascal BORIS 

Patrick DU SAINT 

Marcel GAILLARD 

Jacques-Olivier THOMANN 

Igor JOLY 

Philippe BERTA 

Chief Executive Officer 

General Manager 



Member of the Executive Management 

Secretary of the Executive Management

4 

Extract from the consolidated annual financial statement 

as of December 31, 2007 

BNP Paribas (Suisse) SA

5 


CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2007 

(with previous year's figures for comparison) 

(in CHF) 

A S S E T S 

31.12.2007 31.12.2006 

Cash 143'324’572 141'683'730 

Money-market instruments 11'517'319’669 7'914'318'051 

Due from banks 9'228'046’645 11'986'827'530 

Due from customers 19'171'418’036 13'456'806’692 

Mortgage loans 190'836’279 183'864'587 

Securities and precious metals trading portfolio 4’502’902’887 3'135'807’899 

Financial assets 601'129’021 676'359’808 

Non-consolidated participations 

and participations reported by equity method 34'078’038 38'892’664 

Tangible fixed assets 229'328’327 200'322’588 

Intangible assets 70'827’865 90'916'838 

Accrued income and prepaid expenses 382'629’266 225'555'813 

Other assets 985'563’660 420'196’287 

Total assets 47'057'404’265 38'471'552’487 

Total due from non-consolidated 

participations and significant shareholders 18'689'065’321 17'316'453’768

6 


CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2007 

(with last year's figures for comparison) 

(in CHF) 

L I A B I L I T I E S 

31.12.2007 31.12.2006 

Money-market instruments 1'326’462 1'284'167 

Due to banks 18'954'986’109 16'533'424'372 

Due to customers in the form of savings and 

investments 1'653'605 4'669'052 

Other customer deposits 23'561’778’418 18'320'251'376 

Traded issuance 74'677’500 92'649'980 

Accrued expenses and deferred income 307'377'340 270'037'633 

Other liabilities 708'185'293 597'266'388 

Value adjustments and provisions 181'677'812 123'008'004 

Reserves for general banking risks 125'873'375 125'873'375 

Share capital 320'270'600 320'270'600 

Own shares (50'026) (50'026) 

Paid-in surplus 2'734’094 2'655'580 

Retained earnings 2'076'514'853 1'616'224'098 

Group net income for the year 740’398’830 463'987'888 

Total liabilities 47'057'404’265 38'471'552'487 

Total subordinated liabilities 805'000'000 805'000'000 

Total liabilities to non-consolidated 

participations and significant shareholders 13’237’181’519 11'103'085'751

7 


CONSOLIDATED OFF-BALANCE SHEET OPERATIONS AS OF DECEMBER 31, 2007 


(in CHF) 

31.12.2007 31.12.2006 

Contingent liabilities 19’357’048’674 17'868'322’556 

Irrevocable commitments 2’788’984’484 3'790'098'103 

Loan commitments 374’943’823 470'167'897 

Derivative financial instruments: 

Total underlyings 55’199’262’749 39'963'323'124 

Positive present values 939’351’058 371'546'244 

Negative present values 604’188’636 522'476'334 

Fiduciary operations 3'672’447’151 3'578'916'111

8 


CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2007 


(in CHF) 

2007 2006 

INCOME AND EXPENSES FROM ORDINARY BANKING ACTIVITIES 

INTEREST-RELATED ACTIVITIES: 

Interest income 2’272’021’569 1'661'621'095 

Interest and dividends on 

trading portfolios 144’654’757 73'764'141 

Interest and dividend income from 

long-term investments 227’709’958 277'175 

Interest expenses (1'965’219’130) (1'356'363'008) 

Net income from interest-related activities sub-total 679’167’181 379'299'403 

COMMISSION AND SERVICE 

FEE ACTIVITIES 

Income from lending activities 289’631’876 285'557'651 

Income from securities transactions 

and investments 376’241’684 335'401'086 

Other fee income 17’282’636 15'272'127 

Commission expenses (81’168’121) (68'416'248) 

Commissions and fees sub-total 601’988’075 567'814'616 

NET INCOME FROM TRADING OPERATIONS 9’200’634 18'532'149 

OTHER ORDINARY BANKING INCOME: 

Income from disposal of long-term investments 36’496’033 862'806 

Income from participations 6’362’803 8'760'262 

- of which participations reported by 

equity method: CHF 4’367’182 (2006: CHF 6’456’545) 

- of which other non-consolidated 

participations: CHF 1'995’621 (2006: CHF 2'303’717) 

Income from real estate 1'390’892 1'161'705 

Other ordinary banking income 52’717’319 36'868'555 

Other ordinary banking expenses (152'661) - 

Other ordinary banking income sub-total 96’814’386 47'653’328 

OPERATING EXPENSES: 

Personnel expenses (405’759’645) (386'480'486) 

Other operating expenses (163’738’792) (142'004'884) 

Operating expenses sub-total (569’498’437) (528'485'370) 

GROSS OPERATING PROFIT 817'671'839 484'814'126 

AMORTISATION OF FIXED ASSETS (52’500’862) (57'090'287) 

VALUE ADJUSTMENTS, PROVISIONS AND LOSSES (13’531’566) (49'001'617) 

NET INCOME BEFORE NON-RECURRING ITEMS AND TAXES 751’639’411 378'722'222 

NON-RECURRING INCOME 136’081’664 225'406'440 

NON-RECURRING EXPENSES (2’973’133) (11'328'666) 

TAXES (144’349’112) (128'812'108) 

GROUP NET INCOME FOR THE YEAR 740'398’830 463'987'888

9 


CONSOLIDATED STATEMENT OF CASH FLOWS AS OF DECEMBER 31, 2007 


(in CHF thousands) 

31.12.2007 31.12.2006 

Sources Utilization Sources Utilization 

of funds of funds of funds of funds 

Net cash inflow (outflow) from 

operating activities 273’470 - 908'559 - 

Net income for the year 740’399 - 463'988 - 

Depreciation on fixed assets 52’500 - 57'090 - 

Exchange rate difference - 2’954 - 37'013 

Value adjustments and provisions 58’670 - - 13'015 

Accrued income and prepaid expenses - 157’074 - 7'885 

Accrued expenses and deferred income 37’339 - 32'970 - 

Other items - 454’449 412'424 - 

Withdrawal in favour of Foundation - 961 - 962 

Net cash inflow (outflow) from 

Retained earnings - - - 7’509 

Paid-in surplus - - - 1'979 

Retained earnings - - - 5'530 

Reserves for general banking risks - - - - 

Net cash inflow (outflow) used in 

fixed asset transactions 18’925 - 152'428 - 

Non-consolidated participations and participations 

consolidated according to the equity method 6’837 2’041 3 10'952 

Long-term investments 75’231 - 165'656 - 

Fixed and intangible assets 16’219 77’321 25'189 27'468 

Net cash provided by (used in) banking ctivities 292’395 - 1'053’478 - 

Short, medium and long-term transactions 290’754 1’059’441 

Money market instruments 43 - 607 - 

Deposits from banks 2’421’562 - 347'261 - 

Customer deposits 5'238’512 - - 125'257 

Traded issuance - 17’972 33'876 - 

Money market instruments - 3'603’002 288'137 - 

Due from banks 2’758’781 - 924'099 - 

Due from customers, including 

mortgage loans - 5'721’583 123'756 - 

Securities and precious metals 

trading portfolio - 1’367’095 - 2’651’920 

Change in cash - 1’641 6’925 -

10 



Head Office 


Place de Hollande 2 

Case Postale 

CH-1211 Geneva 11 

Tel. : +41 (0)58 212 21 11 

Fax : +41 (0)58 212 22 22 

Internet : www.bnpparibas.ch 

Branches 


Aeschengraben 26 

Postfach 

CH-4002 Basle 

Tel. : +41 (0)58 212 51 11 

Fax : +41 (0)58 212 52 22 


Riva A. Caccia 1 

CP 

CH-6907 Lugano 

Tel. : +41 (0)58 212 41 11 

Fax : +41 (0)58 212 42 22 


Selnaustrasse 16 

Postfach 

CH-8022 Zurich 

Tel. : +41 (0)58 212 61 11 

Fax : +41 (0)58 212 62 22 


La Plaiderie House 

St. Peter Port P.O. Box 224 

Guernsey GY1 3NU 

Channel Islands 

Tel. : +44 1481 71 21 71 

Fax : +44 1481 71 21 72 

Subsidiaries 

BNP PARIBAS PRIVATE BANK MONACO 

Avenue d’Ostende 15-17, B.P. 257 

MC-98000 Monaco Cedex 

Tel. : +377 93 15 68 00 

Fax : +377 93 15 68 01 

BNP PARIBAS (BAHAMAS) LTD 

Scotia Bank Building, Suite 302 

Rawson Square, Bay Street 

P.O. Box 

4915 Nassau, Bahamas 

Tel.: +1 242 322 44 56 

Fax: +1 242 326 22 80 

Representative Offices 


Oficina de Representacion 

Plaza Independencia 822 

Oficina 501 

11100 Montevideo, Uruguay 

Tel. : +598 2 902 02 47 

Fax : +598 2 902 12 08 


Representative Office 

Twin Towers, 19th floor 

Beniyas Road, Deira, PO Box 7233 

Dubai, United Arab Emirates 

Tel.: (+971) 4 210 6767 

Fax: (+971) 4 222 5849


Place de Hollande 2 

Case postale 

CH - 1211 Genève 11 

Tél. +41 (0)58 212 21 11 

Fax +41 (0)58 212 22 22 

www.bnpparibas.ch

ANNUAL REPORT 2007 BNP PARIBAS (SUISSE) SA

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