BNP Paribas CFO Machenil Says 2020 Outlook `More Moderate'

BNP Paribas CFO Machenil Says 2020 Outlook `More Moderate'

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Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors could influence the growth in domestic markets?

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