Core Insights - The 2025 EU-wide stress test results confirm BNP Paribas's strong shock absorption capacity and structural resilience [1][5] - The stress test was conducted by the European Banking Authority (EBA) in coordination with the European Central Bank (ECB) and other regulatory bodies [2][3] Stress Test Overview - The adverse scenario of the stress test covers a three-year horizon from 2025 to 2027, using a static balance sheet as of December 2024 [4] - The results are intended to inform the Supervisory Review and Evaluation Process (SREP) for assessing BNP Paribas's compliance with prudential requirements [3] Resilience Metrics - BNP Paribas showed a peak-to-trough depletion of -235 basis points (bps) in fully loaded CET1, an improvement from -398 bps in the 2023 exercise [5] - The Group's leverage ratio remained above the required level throughout the stress period, with a low point of 3.9%, compared to 3.4% in the previous exercise [6] Regulatory Classification - The stress test results will influence BNP Paribas's classification in the ECB's Pillar 2 Guidance (P2G) framework, now with a depletion range of 0–300 bps for CET1, lower than the previous range of 50 to 200 bps [7] - The Group's Pillar 2 Requirement (P2R) is among the lowest in major European banks, reflecting its strong resilience capabilities [8] Commitment to Stakeholders - BNP Paribas is dedicated to maintaining a solid capital position and supporting clients and the economy across various market conditions [9] - The performance in the stress test reinforces the Group's ability to navigate uncertainty and deliver sustainable value to stakeholders [9] Company Profile - BNP Paribas operates in 64 countries with nearly 178,000 employees, focusing on commercial, personal banking, investment services, and corporate banking [10][11] - The Group has a strong presence in Europe, the Americas, and Asia-Pacific, and is committed to corporate social responsibility [11]

Group 1 - BNP Paribas has published the 2nd amendment to the English version of the Universal Registration Document and Annual Financial Report 2024 [1] - The amendment was filed with the Autorité des Marchés Financiers (AMF) on 1 August 2025 and is listed under n° D.25-0122-A02 [1] - The document is accessible on BNP Paribas' website and the AMF website [2]

法巴银行：接下来四份关键数据将重塑美联储9月降息预期 金十数据8月1日讯，法国巴黎银行分析师在一份报告中称，从周五的7月非农就业数据开始，市场将密 切关注美国接下来的四项关键数据（包括7月和8月的两份CPI报告以及两份非农报告），以评估美联储 9月降息的可能性。到目前为止，投资者一直相信"四现一弱即降息"的框架。即只要在这四项数据中有 任何一项表现疲软，就足以推动美联储在9月启动降息。但他们警告："这种略显乐观的预期在7月美联 储议息会议后可能发生转变。"此前美联储如期维持利率不变。 ...

中诚信国际认为，法国巴黎银行（中国）有限公司信用水平在未来12~18个月内将保持稳定。 来源：金融界 2025年7月31日，中诚信国际公布评级报告，法国巴黎银行(中国)有限公司2023年金融债券(第一期)跟踪 评级获"AAA"评级。 本次跟踪维持主体及债项上次评级结论，主要基于法国巴黎银行（中国）有限公司（以下称"法巴中 国"或"该行"）共享母行全球化经营网络、综合性服务平台以及运营管理经验、较强的跨境业务竞争 力、良好的资产质量以及充足的资本等信用优势。同时中诚信国际也关注到法巴中国面临的诸多挑战， 包括盈利能力有待提升、全球经济不确定性上升和国内经济复苏不及预期可能对资产质量带来不利影 响、存款稳定性有待改善等。本次评级也考虑了法国巴黎银行有限公司（以下称"法巴集团"、"集 团"或"母行"）对该行的支持。 ...

Company Overview - BNP Paribas SA (BNPQY) is based in Paris and operates in the Finance sector, with a year-to-date share price change of 47.65% [3] - The company currently pays a dividend of $2.01 per share, resulting in a dividend yield of 4.44%, which is higher than the Banks - Foreign industry's yield of 3.2% and the S&P 500's yield of 1.48% [3] Dividend Performance - The current annualized dividend of $2.01 represents a 9% increase from the previous year [4] - Over the last five years, BNP Paribas has increased its dividend four times, achieving an average annual increase of 9.87% [4] - The company's current payout ratio is 38%, indicating that it paid out 38% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for BNP Paribas's earnings in 2025 is $5.67 per share, reflecting a year-over-year growth rate of 1.61% [5] - The company is expected to experience earnings expansion in the current fiscal year [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [5] - High-yielding stocks may face challenges during periods of rising interest rates, but BNP Paribas is considered a compelling investment opportunity due to its strong dividend profile [6] - The stock currently holds a Zacks Rank of 3 (Hold) [6]

Core Viewpoint - E-Surfing Technology (02550) has transferred shares worth HKD 113 million from BNP Paribas to the Hong Kong Stock Connect, representing 5.21% of the total shares [1] Group 1: Share Transfer and Market Impact - On July 29, E-Surfing Technology's shareholder transferred shares valued at HKD 113 million to the Hong Kong Stock Connect [1] - The transfer accounts for 5.21% of the company's total shares [1] Group 2: Share Placement and Subscription Agreement - On July 24, 2025, E-Surfing Technology entered into a placement and subscription agreement with its controlling shareholder, Growth Value LTD, and the placement agent [1] - The seller intends to sell 65.787 million shares at a placement price of HKD 5.26, which is approximately 14.7% lower than the last trading price of HKD 6.17 [1] - The company plans to issue 65.787 million subscription shares to the seller at the same price of HKD 5.26 per share [1]

Group 1 - The core point of the article is that E-Surfing Technology (02550) has transferred shares from BNP Paribas to the Hong Kong Stock Connect, with a market value of HKD 113 million, accounting for 5.21% of the total shares [1] - E-Surfing Technology announced a placement and subscription agreement on July 24, 2025, involving the sale of 65.787 million shares at a price of HKD 5.26 per share, which represents a discount of approximately 14.7% compared to the last trading price of HKD 6.17 [1] - The company plans to issue 65.787 million subscription shares to the seller at the same price of HKD 5.26 per share [1]

Core Viewpoint - BNP Paribas SA has demonstrated a solid performance with its American Depositary Shares (ADSs) returning approximately 15% since the last update in April [1] Company Performance - The company is favored for a long-term, buy-and-hold investment strategy, particularly in stocks that can consistently deliver high-quality earnings [1] Investment Strategy - The focus is on dividend and income stocks, indicating a preference for stable returns over time [1]

Group 1 - The announcement indicates that no stabilisation was carried out in relation to the securities offer by Alexandrite Lake Lux Holdings S.A. R.L. and Savoy Luxembourg Holdings S.A. R.L. [2] - The aggregate nominal amount of the securities being offered is €300 million, and they are classified as senior secured notes with an offer price of 100 [3] - The stabilisation managers involved in this announcement include BNP Paribas, Morgan Stanley, Deutsche Bank, Société Générale, and Bank of America [4] Group 2 - The securities mentioned in the announcement are not available for sale in the United States, as they have not been registered under the United States Securities Act of 1933 [5]

Core Viewpoint - BNP Paribas no longer expects the European Central Bank to lower policy interest rates in 2025, previously predicting a rate cut in September [1] Group 1 - The change in forecast indicates a shift in the outlook for monetary policy in the Eurozone [1] - This adjustment may reflect evolving economic conditions and inflationary pressures within the region [1]