BNP PARIBAS LAUNCHES A SHARE BUYBACK PROGRAMME PLANNED FOR 2025 OF EUR 1.084 BILLION

Core Viewpoint - BNP Paribas has announced a share buyback program for a maximum amount of EUR 1.084 billion, approved by the European Central Bank, with the purchase period set from May 19, 2025, to June 20, 2025 [2][3]. Group 1: Share Buyback Program Details - The share buyback program aims to cancel the purchased shares [3]. - Weekly updates on the program's progress will be provided through press releases on BNP Paribas' website [3]. - The program will comply with EU Regulation n°596/2014 on market abuse and the authorization granted by the General Meeting on May 13, 2025 [4]. Group 2: Objectives and Authorizations - The shares may be purchased for cancellation, fulfilling obligations related to equity instruments, employee share plans, and for external growth transactions [7]. - The General Meeting has authorized the purchase of up to 10% of BNP Paribas' share capital, which translates to a theoretical maximum purchase amount of EUR 11.53 billion based on a maximum repurchase price of EUR 102 per share [8][10]. - The authorization for the share buyback program is valid for eighteen months from May 13, 2025, until November 13, 2026 [11]. Group 3: Company Overview - BNP Paribas is a leader in banking and financial services in Europe, operating in 64 countries with nearly 178,000 employees [12]. - The company has key positions in commercial banking, investment services, and corporate banking, providing a wide range of financial solutions [12].