Full Recovery Expected Mid-2022, Says BNP Paribas CFO

The transcript discusses BNP Paribas' financial performance and strategies amidst economic uncertainties, including maintaining guidance, managing market volatility, and handling provisions. It covers the impact of lockdowns on French retail, the bank's diversified approach to mitigate risks, and compliance with ECB's dividend recommendations.

What range did BNP Paribas anticipate for its net income guidance?

• 15 to 20%

• 10 to 15%

• 20 to 25%

• 25 to 30%

How did BNP Paribas plan to manage expectations if a second wave occurred?

• By cutting costs

• By increasing capital reserves

• By serving clients and the economy

• By reducing services

What was the impact of market volatility on BNP Paribas' fixed income activity?

• It increased by 154%

• It was unaffected

• It decreased by 50%

• It remained stable

What was the initial performance of BNP Paribas' prime services in the quarter?

• Immediate rebound

• No change

• Slow start

• Strong start

How did BNP Paribas handle the increased cost of risk?

• By cutting staff

• By increasing provisions

• By closing branches

• By reducing top-line growth

What was the percentage increase in BNP Paribas' top line in the second quarter?

• 3%

• 2%

• 4%

• 5%

What was the impact of lockdowns on French retail revenues?

• Increased by 5%

• Decreased by 11.8%

• Increased by 11.8%

• Remained stable

When does BNP Paribas anticipate a full recovery to pre-crisis levels?

• By end of 2022

• By end of 2021

• By mid 2022

• By mid 2023

What is BNP Paribas' stance on the ECB's dividend payout recommendation?

• They will partially comply

• They will ignore it

• They will increase payouts

• They will comply

What payout ratio does BNP Paribas plan to return to post-COVID?

• 40%

• 30%

• 50%

• 60%