BNP Paribas CFO on Fixed Income, Cost of Risk & Macro Outlook

The transcript discusses BNP Paribas' strong Q3 performance and market share gains despite headwinds. It addresses the increased cost of risk due to a Polish mortgage moratorium and reassures that future provisions are manageable. The Federal Reserve's rate hike is analyzed, highlighting investor concerns about timing. The European economic outlook is discussed, with predictions of low or negative GDP growth and gradual disinflation. Despite challenges, BNP Paribas remains confident in achieving its 2025 targets.

What was the percentage increase in BNP Paribas' cost of risk this quarter?

• 25%

• 34%

• 40%

• 31%

How does the speaker describe the investment climate in relation to the Federal Reserve's actions?

• Like a calm sea

• Like a roller coaster

• Like a high-speed train

• Like a slow-moving train

What impact has the energy crisis had on Europe according to the transcript?

• Decreased inflation

• Stable economic conditions

• Increased growth

• Uncertainty and slower growth

What is the predicted GDP evolution for France and European economies?

• Stable

• Low or slightly negative

• Moderate growth

• High growth

What is the speaker's outlook on BNP Paribas' 2025 targets despite current headwinds?

• They will be moderately adjusted

• They will remain unchanged

• They will be significantly reduced

• They will be abandoned