BNP Paribas CFO on Trading Revenue, Bad Loan Provisions, Dividend

The transcript discusses BNP Paribas' Q3 financial performance, highlighting strong results due to diversification. It addresses the impact of new lockdowns in Europe, noting differences from earlier in the year. The bank's dividend policy is constrained by ECB restrictions, with a focus on cost management. The closure of the Geneva commodities unit is mentioned, with no significant impact on numbers. Finally, the transcript touches on consolidation in the European banking sector, with BNP Paribas focusing on digital growth rather than branch expansion.

What was a key factor in BNP Paribas' strong performance in Q3?

• Increased number of branches

• Reduced digital investments

• Diversified approach

• Higher interest rates

How did the new lockdowns in Europe differ from earlier ones according to the transcript?

• They completely halted all services

• They allowed ongoing construction and manufacturing

• They were more restrictive

• They had no impact on the economy

What is BNP Paribas' approach to dividend payouts for 2020?

• Setting aside 50% of profits for dividends

• Paying dividends only in 2022

• Not paying any dividends

• Paying 100% of profits as dividends

What is BNP Paribas' strategy for reducing costs?

• Closing all branches

• Reducing costs in infrastructure

• Increasing staff salaries

• Laying off a significant number of staff

What was the impact of the Geneva unit shutdown on BNP Paribas' financials?

• Improved liquidity

• Increase in market share

• No significant impact

• Significant financial loss

What is BNP Paribas' stance on expanding its number of branches?

• Closing all existing branches

• Merging with smaller banks

• Focusing on digital growth instead

• Actively seeking to increase branches

How does BNP Paribas plan to interact with customers in the future?

• Through more physical branches

• By increasing call centers

• Through postal services

• Via a digital approach