Entering text into the input field will update the search result below

BNP Paribas' (BNPQF) CEO Jean-Laurent Bonnafe on Q4 2018 Results - Earnings Call Transcript

Feb. 06, 2019 9:39 PM ETBNP Paribas SA (BNPQF)
SA Transcripts profile picture
SA Transcripts

BNP Paribas (OTCQX:BNPQF) Q4 2018 Earnings Conference Call February 6, 2018 8:00 AM ET

Company Participants

Jean-Laurent Bonnafe – Chief Executive Officer, Member of the Executive Committee and Director

Lars Machenil – Chief Financial Officer

Philippe Bordenave – Chief Operating Officer and Member of the Executive Board

Conference Call Participants

Jacques-Henri Gaulard – Kepler Cheuvreux

Delphine Lee – JP Morgan

Jon Peace – Credit Suisse

Jean-Francois Neuez – Goldman Sachs

Pierre Chedeville – CM-CIC Market Solutions

Anke Reingen – Royal Bank of Canada

Bruce Hamilton – Morgan Stanley

Omar Fall – Barclays Capital

Stefan Stalmann – Autonomous Research

Flora Benhakoun – Deutsche Bank

Maxence Le Gouvello – Jefferies

Kiri Vijayarajah – HSBC

Jean Pierre Lambert – KBW

Nick Davey – Redburn

Matthew Clark – Mediobanca

Jean-Laurent Bonnafe

Good morning. Good afternoon. Welcome to BNP Paribas 2018 Results Presentation. In today’s presentation we’ll cover the first three chapters of the slide presentation group results, division results and 2020 plan.

First I will take you through the summary of our group results. Then Lars Machenil will illustrate the results by division. And then I’ll update you on our 2020 plan. At the end together with Philippe Bordenave, we’ll be pleased to take your questions.

So now we are on Slide 3. And looking at our 2018 key messages BNP Paribas showed good business activity on the back of economic growth in Europe with outstanding loans progressing by 3.9% year-over-year. The revenue evolution was, however, penalized by the still low interest rate environment in Europe and unfavourable market context, with particularly challenging market conditions at the end of the year. In more detail, revenues at the operating divisions showed good overall resistance and were just 0.4% lower on a comparable basis despite the unfavourable market context I just mentioned. Because of the operating divisions evolved by 1.7% on a comparable basis, on the back of

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.