The Group's activities are diversified and integrated within a distinctive model combining commercial & personal banking activities in Europe and abroad, specialised businesses (consumer finance, mobility and leasing services, and new digital business lines), Insurance, Wealth and Asset Management, and Corporate and Institutional Banking. BNP Paribas' organisation is based on three operating divisions: Corporate & Institutional Banking (CIB), Commercial, Personal Banking & Services (CPBS) and Investment & Protection Services (IPS). These divisions include the following businesses: BNP Paribas SA is the parent company of the BNP Paribas Group.  1 On 20 December 2021, the Group announced the sale of Bank of the West to BMO Financial Group. The sale of Bank of the West to BMO Financial Group was completed on 1 February 2023. 5