BNP Paribas SA (OTCQX:BNPQF) Q3 2023 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Lars Machenil - CFO Conference Call Participants Jacques-Henri Gaulard - Kepler Cheuvreux Jon Peace - Credit Suisse Mate Nemes - UBS Kiri Vijayarajah - HSBC Andrew Stimpson - KBW Amit Goel - Barclays Matt Clark - Mediobanca Flora Bocahut - Jefferies Delphine Lee - JPMorgan Anke Reingen - RBC Capital Markets Stefan Stalmann - Autonomous Research Operator Good afternoon, ladies and gentlemen, and wel ...

BNP Paribas SA (OTCQX:BNPQF) Q2 2022 Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants Lars Machenil - Group CFO Conference Call Participants Tarik El Mejjad - Bank of America Delphine Lee - JPMorgan Flora Bocahut - Jefferies Giulia Miotto - Morgan Stanley Stefan Stalmann - Autonomous Research Jacques-Henri Gaulard - Kepler Cheuvreux Matthew Clark - Mediobanca Mate Nemes - UBS Anke Reingen - RBC Capital Markets Kiri Vijayarajah - HSBC Operator Ladies and gentlemen, good afternoon, and w ...

BNP Paribas SAÂ's (OTCQX:BNPQF) Q1 2022 Earnings Conference Call May 3, 2022 8:00 AM ET Company Participants Jean-Laurent Bonnafé - Chief Executive Officer Lars Machenil - Group Chief Financial Officer Laurent David - Deputy Chief Operating Officer Bernard Gavgani - Group Chief Information Officer Rim Tehraoui - Chief Data Officer Laurence Pessez - Global Head of Corporate Social Responsibility Yannick Jung - Head of Corporate & Institutional Banking EMEA Conference Call Participants Jon Peace - Credit Suis ...

2022 FIRST QUARTER RESULTS 3 May 2022 BNP PARIBAS The bank for a changing world Disclaimer The figures included in this presentation are unaudited. This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regar ...

BNP Paribas SA (OTCQX:BNPQF) Q4 2021 Earnings Conference Call February 8, 2022 8:00 AM ET Company Participants Jean-Laurent Bonnafé – Chief Executive Officer Lars Machenil – Group Chief Financial Officer Thierry Laborde – Chief Operating Officer, Commercial, Personal Banking and Services Renaud Dumora – Deputy Chief Operating Officer, Investment and Protection Services Yann Gérardin – Chief Operating Officer, Corporate and Institutional Banking Laurence Pessez – Global Head of Corporate Social Responsibilit ...

Financial Data and Key Metrics Changes - BNP Paribas reported a net income of €2.5 billion for Q3 2021, a significant increase from the previous year and 2019 levels, reflecting a strong performance [11][47] - The return on tangible equity (ROTE) was recorded at 10.4%, and the Common Equity Tier 1 (CET1) ratio stood at 13% [5][14] - Revenues increased by 4.7% year-on-year, with a similar growth compared to Q3 2019 [6][19] Business Line Data and Key Metrics Changes - Domestic markets saw a revenue increase of 6.3%, driven by strong retail network performance and a focus on fee-generating services [19][34] - International Financial Services (IFS) revenues decreased by 1% year-on-year, with strong growth in wealth and asset management offset by lower contributions from insurance [20][39] - Corporate & Institutional Banking (CIB) revenues rose by 6.4% year-on-year and nearly 25% compared to Q3 2019, supported by strong performance across all business lines [20][43] Market Data and Key Metrics Changes - Domestic markets reported a 3% increase in loans and a 6.4% rise in deposits, with off-balance sheet savings growing by 14.4% [33] - IFS experienced a 10% year-on-year increase in assets under management, indicating resilience in asset gathering despite challenges in other areas [38] - CIB's equity derivatives and prime services saw strong activity, while FICC revenues decreased by 28% compared to the previous year [44] Company Strategy and Development Direction - BNP Paribas is focused on a diversified and integrated business model, positioning itself to capture growth beyond pre-crisis levels [4][18] - The company announced a €900 million share buyback program, reflecting confidence in its financial strength and growth potential [15][47] - The establishment of a Low Carbon Transition Group aims to support clients in transitioning to a sustainable economy, highlighting the bank's commitment to environmental goals [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing recovery and growth potential, emphasizing a disciplined approach to investments and cost management [9][14] - The cost of risk remained low at 32 basis points, indicating effective risk management and a favorable credit environment [23][61] - The company is well-positioned to navigate regulatory changes and market dynamics, with a focus on maintaining strong capital ratios [70][73] Other Important Information - The bank's liquidity reserves totaled €478 billion at the end of Q3, underscoring its solid financial structure [26] - The net book value per share increased by 6.4% year-on-year, demonstrating continued value creation [27] Q&A Session Summary Question: Concerns about CIB profitability sustainability - Management clarified that CIB focuses on recurring flows from corporate and institutional clients, which supports stable revenue growth over time [51][52] Question: Impact of Net-Zero Banking Alliance on lending practices - Management emphasized the importance of evolving lending practices to support clients in achieving carbon neutrality, with a dedicated team to facilitate this transition [55][56] Question: Cost of risk and its relevance - Management acknowledged changes in the loan mix and indicated that the long-term cost of risk range may be adjusted to reflect current business positioning [61][62] Question: Rationale for the €900 million buyback - The buyback amount was determined to ensure a sustainable return to shareholders while maintaining a strong capital position [67][71] Question: One-off impacts in personal finance and Belgium - Management noted that one-off impacts included litigation effects in personal finance and real estate-related items in Belgium [80]

29 October 2021 THIRD QUARTER 2021 RESULTS Disclaimer The figures included in this presentation are unaudited. This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies ...

BNP Paribas SA (OTCQX:BNPQF) Q2 2021 Earnings Conference Call July 30, 2021 8:00 AM ET Company Participants Lars Machenil - Group Chief Financial Officer Conference Call Participants Kiri Vijayarajah - HSBC Lorraine Quoirez - UBS Jean-François Neuez - Goldman Sachs Matthew Clark - Mediobanca Delphine Lee - JP Morgan Azzurra Guelfi - Citi Pierre Chedeville - CIC Omar Fall - Barclays Anke Reingen - RBC Giulia Aurora Miotto - Morgan Stanley Operator Good afternoon ladies and gentlemen and welcome to the presen ...

SECOND QUARTER 2021 RESULTS 30 July 2021 The bank for a changing world Disclaimer | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - BNP Paribas reported a net income of €1.8 billion, an increase of 38% compared to the previous year [5] - Revenues increased by 8.6% year-on-year, while costs rose by 5.4%, resulting in a positive jaws effect [4][5] - The cost of risk stood at a low level of 24 basis points across all businesses [5][10] Business Line Data and Key Metrics Changes - Domestic Markets revenues increased by 1.1%, with a notable rise in life insurance gross inflows by 45% [21][19] - International Financial Services revenues were €4 billion, down slightly from the previous year but up 4.4% on a like-for-like basis [26] - Corporate and Institutional Banking (CIB) revenues surged by nearly 30%, with significant growth in all three business lines [31] Market Data and Key Metrics Changes - BNP Paribas mobilized over €110 billion in financing for clients, up 21% year-on-year [4] - The group's total loans outstanding increased by 0.2% compared to Q4 2020 [4] - Deposits in France saw a downturn, while overall deposits increased due to the health crisis [19] Company Strategy and Development Direction - The company aims to leverage its diversified and integrated model to strengthen its market position and enhance social and environmental commitments [3] - BNP Paribas is focused on increasing financing to companies contributing to the Sustainable Development Goals, targeting €210 billion by the end of 2022 [16] - The company is also enhancing its digital strategy, with 4.8 million digital customers across international retail networks [25] Management's Comments on Operating Environment and Future Outlook - Management noted a gradual economic recovery, supported by vaccination campaigns and government stimulus measures [34] - The outlook for 2021 appears stronger than previously anticipated, driven by revenue growth and low cost of risk [34][47] - Management emphasized the importance of maintaining positive jaws across all divisions as a key priority for the year [35] Other Important Information - The common equity Tier 1 ratio remained stable at 12.8%, with a liquidity reserve of €454 billion [13][14] - The company has joined the Net-Zero Banking Alliance, reinforcing its commitment to sustainability [35][17] Q&A Session Summary Question: Insights on savings businesses and strategic initiatives - Management highlighted the importance of savings businesses and the potential for inorganic growth to enhance profitability [38][41] Question: Outlook on Deutsche Bank business integration - Management confirmed that the integration is on track and will enhance overall guidance for revenues [39][42] Question: Clarification on cost guidance - Management stated that costs are expected to be stable, considering the increase in contributions to the Single Resolution Fund [44][50] Question: ECM revenues and future prospects - Management indicated that ECM could remain a strong support for corporate banking revenues in the near term [67]