Financial Data and Key Indicator Changes - BNP Paribas reported a net income growth of 7.5% year-on-year, reaching €10.2 billion, with a 19% increase when excluding exceptional items [5][6] - The Group achieved a revenue growth of 9% year-on-year, with Corporate and Institutional Banking (CIB) up 15.7%, Commercial and Personal Banking Services (CPBS) up 9.3%, and Investment and Protection Services (IPS) up 3% [5][26] - The cost of risk remained low at 31 basis points of loans outstanding, and the Group's core Tier 1 ratio increased by 20 basis points to 12.3% as of December 2022 [7][33] Business Line Data and Key Indicator Changes - CIB revenues grew by 15.7%, driven by strong client activity and market share gains, particularly in global markets and security services [26][56] - CPBS revenues increased by 9.3%, supported by a favorable interest rate environment and strong performance in commercial and personal banking [63][68] - IPS revenues rose by 3%, with strong inflows in wealth management despite a challenging market environment [78][84] Market Data and Key Indicator Changes - The Group anticipates a positive impact of higher interest rates, expecting an additional €2 billion in net interest income by 2025, primarily benefiting CPBS [15][16] - The sale of Bank of the West is expected to enhance the Group's capital position, contributing approximately 170 basis points to the core Tier 1 ratio [12][36] Company Strategy and Development Direction - BNP Paribas aims to boost organic growth and make targeted investments in technology and sustainable business models, with a focus on maintaining a disciplined approach to growth [14][87] - The strategic plan "Growth, Technology & Sustainability 2025" has been revised upwards, with a new target for compound annual growth in net income of more than 9% [16][87] - The Group plans to execute a €5 billion share buyback program in 2023 to enhance shareholder returns [9][87] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Group's ability to deliver strong growth in net income and EPS, driven by disciplined cost management and a favorable interest rate environment [20][87] - The Group anticipates that 2023 will be a pivotal year, with adjusted distributable income expected to increase by €1 billion [18][20] Other Important Information - The sale of Bank of the West was completed for a total consideration of $16.3 billion, resulting in a net capital gain of around €3 billion [12][11] - BNP Paribas is committed to financing the energy transition, with specific targets for sustainable loans and investments by 2025 [46][48] Q&A Session Summary Question: Can you explain the organic growth expectations for 2023? - Management indicated that organic growth will be driven by a combination of net interest income and cost management, with a target of exceeding €11 billion in distributable income for 2023 [90][94] Question: What are the capital impacts from regulatory changes? - Management confirmed that the only expected impact is from IFRS 17, which will reduce the common equity Tier 1 ratio by 10 basis points [97][98] Question: How much of the €7.6 billion from the Bank of the West sale has been redeployed? - Management stated that the focus will be on growing activities that generate fees and commissions, with no plans to acquire another bank [100][101]

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 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...