2007 REGISTRATION DOCUMENT

5 NotesCONSOLIDATED FINANCIAL STATEMENTSto the financial s tatements p repared in accordance with I nternational Financial Reporting S tandards as adopted by the European Union< Contents >8.b SCOPE OF CONSOLIDATIONName (A) (B) (C) (D) Country MethodGroup votinginterest (%)Group ownershipinterest (%)Consolidating CompanyBNP Paribas SA France Full 100.00% 100.00%French Retail BankingBanque de Bretagne (*) France Full 100.00% 100.00%BNP Paribas Developpement SA (*) France Full 100.00% 100.00%BNP Paribas Factor (*) France Full 100.00% 100.00%Compagnie pour le Financement des Loisirs – Cofi loisirs 2 France Equity 33.33% 33.33%Retail Banking - Italy (BNL Banca Commerciale)Artigiancassa SPA 1 Italy Full 73.86% 73.86%Artigiansoa – Org. Di Attestazione SPA 1 7 Italy Equity 80.00% 59.08%Banca Nazionale del Lavoro SPA 1 5 ItalyBNL Broker Assicurazioni SPA 1 8 Italy Full 100.00% 100.00%BNL Direct Services SPA 1 5 ItalyBNL Edizioni SRL 1 7 Italy Equity 100.00% 100.00%BNL Finance SPA 1 Italy Full 100.00% 100.00%BNL Partecipazioni SPA 1 Italy Full 100.00% 100.00%BNL Positivity SRL 1 Italy Full 51.00% 51.00%BNL Progetto SPA 2 Italy Full 100.00% 100.00%Creaimpresa SPA (Groupe) 1 7 Italy Equity 76.90% 56.80%Elep SPA 1 Italy Equity 49.03% 27.85%International Factors Italia SPA – Ifi talia 1 Italy Full 99.65% 99.65%Serfactoring SPA 1 Italy Equity 27.00% 26.94%Special Purpose EntitiesVela ABS 1 Italy FullVela Home SRL 1 Italy FullVela Public Sector SRL 1 Italy FullInternational Retail and Financial ServicesRetail Banking - United States of America1897 Services Corporation USA Full 100.00% 100.00%AmerUS Leasing, Incorporated. USA Full 100.00% 100.00%BancWest Corporation USA Full 100.00% 100.00%Bancwest Investment Services, Incorporated USA Full 100.00% 100.00%Bank of the West Business Park Association LLC USA Full 53.49% 47.60%Bank of the West USA Full 100.00% 100.00%Bishop Street Capital Management Corporation USA Full 100.00% 100.00%BW Insurance Agency, Incorporated USA Full 100.00% 100.00%BW Leasing, Incorporated USA Full 100.00% 100.00%Center Club, Incorporated USA Full 100.00% 100.00%CFB Community Development Corporation USA Full 100.00% 100.00%Commercial Federal Affordable Housing, Incorporated. USA Full 100.00% 100.00%Commercial Federal Community DevelopmentCorporation USA Full 100.00% 100.00%Commercial Federal Insurance Corporation USA Full 100.00% 100.00%Commercial Federal Investments Services, Incorporated USA Full 100.00% 100.00%(*) French subsidiaries whose regulatory supervision falls within the scope of the consolidated Group, in accordance with article 4.1 of CRBF regulation 2000.03.123456789(A) Movements for 6 months to 30 June 2006(B) Movements for 6 months to 31 December 20061. Acquisition2. Entity newly incorporated or passing qualifying threshold3. Disposal4. Deconsolidation5. Merger between consolidated entities6. Change of method – Proportionate method to full consolidation7. Change of method – Full consolidation to equity method(C) Movements for 6 months to 30 June 2007(D) Movements for 6 months to 31 December 20078. Change of method - Equity method to full consolidation9. Change of method - Full consolidation to proportionate method10. Change of method - Equity method to proportionate method11. Reconsolidation12. Entities consolidated using a simplified equity method(non-material)13. Business transfers due to the creation of Italian retail banking segment10111822007 Registration document - BNP PARIBAS