Earnings Call Summary | BNP PARIBAS(BNPQF.US) Q1 2024 Earnings Conference
Earnings Call Summary | BNP PARIBAS(BNPQF.US) Q1 2024 Earnings Conference
The following is a summary of the BNP Paribas SA (BNPQF) Q1 2024 Earnings Call Transcript:
以下是法國巴黎銀行股份公司（BNPQF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
BNP Paribas' net income group share is at €3.1 billion due to a solid Q1 2024 performance.
The reported revenue slightly decreases by 0.4%, compared to Q1 2023, yet it's up 3% after adjusting for FICC effects.
There's a decrease in operating expenses by 1.4% compared to the previous year.
Announced additional savings of €400 million, set to start in Q2 2024.
The low cost of risk maintained at 29 bps suggests a good credit portfolio quality.
A 7.4% year-on-year increase in pre-tax income to €4.4 billion.
For 2024, the expected revenue growth is above 2% with net income predicted to exceed the €11.2 billion recorded in 2023.
由於2024年第一季度的穩健表現，法國巴黎銀行的淨收入集團份額爲31億歐元。
與2023年第一季度相比，報告的收入略有下降0.4％，但經FICC影響調整後增長了3％。
與去年相比，運營費用下降了1.4％。
宣佈額外節省4億歐元，定於2024年第二季度開始。
風險成本維持在29個點子的低風險成本表明信貸組合質量良好。
稅前收入同比增長7.4％，達到44億歐元。
2024年，預期收入增長超過2％，淨收入預計將超過2023年的112億歐元。
Business Progress:
業務進展：
Divestment from non-core activities and asset redeployment from Bank of the West outlines BNP's strategy for internal capital.
As a critical internal catalyst, the capital deployment and adaptation of Personal Finance were noted.
BNP is improving its positions in key growth sectors through partnerships and acquisitions, as shown by the 9% stake acquisition in Ageas with Fosun.
There is relentless focus on the strategic initiative of payment and flow management, aiming to generate additional revenues of €800 million.
The company has increased control over banking activities in Ukraine and shows growth momentum in Poland and Turkey with increased fees.
BNP Paribas upped its commitment to ESG and exited fossil fuels to finance low-carbon energies, setting influential targets.
The company is increasing cross-selling and expanding its client base in the Belgium market while successfully penetrating European corporates by 51%.
Despite the sharp drop in demand for the Real Estate division, the company's performance was positively influenced by business in Corporate and Institutional Banking (CIB) and Commercial and Personal Banking.
Deposits in France remain stable indicating customer loyalty.
BNP aims to capitalize on synergies across different domestic businesses to grow into a pan-European platform.
從非核心活動撤資和從西方銀行重新部署資產概述了法國巴黎銀行的內部資本戰略。
個人理財的資本配置和調整是重要的內部催化劑。
法國巴黎銀行正在通過合作和收購改善其在關鍵增長領域的地位，與復星收購Ageas9％的股份就表明了這一點。
人們一直關注支付和流量管理的戰略計劃，旨在創造8億歐元的額外收入。
該公司加強了對烏克蘭銀行活動的控制，並在波蘭和土耳其表現出增長勢頭，費用增加。
法國巴黎銀行加大了對ESG的承諾，退出了化石燃料，爲低碳能源融資，設定了有影響力的目標。
該公司正在增加交叉銷售並擴大其在比利時市場的客戶群，同時成功地向歐洲企業滲透了51％。
儘管對房地產部門的需求急劇下降，但該公司的業績受到企業和機構銀行（CIB）以及商業和個人銀行業務的積極影響。
法國的存款保持穩定，表明客戶忠誠度。
法國巴黎銀行旨在利用不同國內業務之間的協同效應，發展成爲泛歐平台。
More details: BNP PARIBAS IR
更多詳情： 法國巴黎銀行 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。