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BNP Paribas Group Acquires Bank BGZ in Poland From Rabobank Group

BNP Paribas Group Acquires Bank BGZ in Poland From Rabobank Group 
WARSAW, POLAND and UTRECHT, THE NETHERLANDS and PARIS, FRANCE and NEW
YORK, NY -- (Marketwired) -- 12/05/13 --  BNP Paribas Group and
Rabobank Group announce that they have reached agreement for the
transfer to BNP Paribas of the 98.5% stake held by Rabobank in Bank
Gospodarki Żywnościowej (Bank BGŻ ) by valuing Bank
BGŻ at PLN 4.2 billion (approximately EUR 1 billion). 
The completion of the transaction is subject to the execution of the
final documentation and to the necessary regulatory approvals. 
Berry Marttin, member of the executive board Rabobank: "We're pleased
that a strong and renowned bank, BNP Paribas, will be able to
reinforce Bank BGŻ established position as a universal
commercial bank. It was very important for Rabobank to find a
respectable partner, who can further develop Bank BGŻ's
ambitions. We want to thank the management and employees of Bank
BGŻ for the contribution they made to Rabobank." 
Jean-Laurent Bonnafe, CEO of BNP Paribas Group stated: "We warmly
welcome all Bank BGŻ staff and clients into our Group. They will
help to enhance the excellent work already being done by our teams at
BNP Paribas Polska, who have been instrumental in the success of our
subsidiary to date. The acquisition of Bank BGŻ constitutes a
major step towards attaining a critical size in Poland. The
transaction will establish the BNP Paribas Group as a reference
player in Poland's banking sector."  
Jozef Wancer, CEO of Bank BGŻ said: "I am glad that BNP Paribas
and Rabobank were able to agree so quickly. While the parties will be
working on obtaining regulatory approvals the bank will be looking
forward to capitalising upon large capabilities and opportunities as
a part of a stable and leading banking group in Europe." 
Stefaan Decraene, Head of BNP Paribas International Retail Banking
and a Member of the BNP Paribas Executive Committee underlined: "This
transaction, bringing together two complementary entities, will
strengthen the capacity of BNP Paribas to provide its Polish clients
with a full range of services. We are convinced that the combination
of Bank BGŻ expertise, notably in the agri & food business and
in e-banking, with the existing operations of BNP Paribas Bank Polska
will create a unique player among Polish banks with significant
growth prospects." 
This transaction is expected to have a minor impact (around -15 basis
points) on BNP Paribas Group's Basel III Common Equity Tier 1 ratio
and to immediately have an accretive effect on its net income per
share (2013 pro-forma).  
About BNP Paribas
 BNP Paribas (www.bnpparibas.com) has a presence in
nearly 80 countries with 190,000 employees, including 145,000 in
Europe. It ranks highly in its three core activities: Retail Banking,
Investment Solutions and Corporate & Investment Banking. In Europe,
the Group has four domestic markets (Belgium, France, Italy and
Luxembourg) and BNP Paribas Personal Finance is the leader in
consumer lending. BNP Paribas is rolling out its integrated retail
banking model across Mediterranean basin countries, in Turkey, in
Eastern Europe and a large network in the western part of the United
States. In its Corporate & Investment Banking and Investment
Solutions activities, BNP Paribas also enjoys top positions in
Europe, a strong presence in the Americas and solid and fast-growing
businesses in Asia-Pacific. 
About Rabobank Group
 Rabobank Group is an international financial
services provider operating on the basis of cooperative principles.
It offers retail banking, private banking, wholesale banking, leasing
and real estate services. Rabobank's service provision focuses on
treating customers fairly. Rabobank is market leader in the
Netherlands and focuses internationally on strengthening its leading
position as a food and agri bank. Rabobank is one of the world's most
creditworthy and sound banks. Measured according to Tier 1 capital,
the Rabobank Group is one of the world's largest financial
institutions. All rating agencies continue to give Rabobank high
ratings. 
Rabobank Group is comprised in the Netherlands of independent local
Rabobanks and the umbrella organisation, which is made up of
Cooeperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank
Nederland) and its subsidiaries and associates. Rabobank Group has
approximately 59,500 FTEs, who serves about 10 million customers in
42 countries worldwide.  
About Bank BGŻ
 Bank BGŻ is a universal commercial bank,
one of the leading banks in Poland for years. It offers services to
retail and institutional clients, including a sizeable group of
businesses in the food and agricultural sector. It specializes in
financing agriculture, the food economy and regional infrastructure.
The strategy of Bank BGZ calls for further growth of effectiveness,
strengthening its leading position in the food and agricultural
sector and enriching its product offering. Network consists of nearly
400 branches. Bank is strongly committed to the development of small
communities, by supporting entities operating on the local market and
offering long-term cooperation. More information is available at:
www.bgz.pl 
Press contacts: 
BNP Paribas
Cesaltine Gregorio
Direct: +1 212 841 3719
cesaltine.gregorio@us.bnpparibas.com 
Isabelle Wolff
Direct: +33 1 57 43 89 26
isabelle.wolff@bnpparibas.com  
NBS Communications
Anna Krajewska
Direct: +48 22 826 74 18
akrajewska@nbs.com.pl 
Piotr Wojtaszek
Direct: +48 22 826 74 18
PWojtaszek@nbs.com.pl 
Rabobank Group
Milou Verhaegh
Direct: +31 (0) 30 216 3732
m.l.verhaegh@rn.rabobank.nl