BNP Paribas CFO Machenil Says 2020 Outlook `More Moderate'

The transcript discusses the business performance in 2018, highlighting a 4% increase in loans and stable net income despite market challenges. It covers the impact of market conditions on CIB and the bank's diversification strategy. Financial metrics show progress towards 2020 targets, with a focus on cost savings and revenue growth. The bank plans to increase cost savings to 3.3 billion euros by 2020. Job cuts are not anticipated, and the revenue outlook for 2019 is cautious, depending on monetary policy developments.

What was the percentage increase in loans for the bank in 2018?

• 8%

• 6%

• 4%

• 2%

What was the common equity ratio of the bank at the end of 2018?

• 13.2%

• 11.8%

• 10.5%

• 12.0%

How much did the bank increase its cost savings target for 2020?

• 700 million euros

• 500 million euros

• 600 million euros

• 800 million euros

What is the expected method for job reductions at the bank?

• Hiring freeze

• Voluntary retirement

• Natural attrition

• Mass layoffs

What is the expected growth outlook for French retail revenue in 2019?

• Decline

• Moderate growth

• Flat growth

• Significant growth