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Creating value



BNP Paribas presents a table gathering the value created for shareholders (source: Universal registration document and annual financial report 2020).

  • Total Shareholder Return (TSR)

    Calculation parameters:

    • Dividends are reinvested in BNP shares then in BNP Paribas shares; 50% tax credit was included until this system was abolished at the beginning of 2005.
    • Exercise of preferential subscription rights during the rights issues of March 2006 and October 2009.
    • Returns stated are gross, i.e. before any tax payments or brokerage fees.


    Calculation results:

    The following table indicates, for various periods ending on 31 December 2020, the total return on a BNP share, then on a BNP Paribas share, as well as the effective annual rate of return.



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