Bnp Paribas Ord (BNPQF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas First Quarter 2025 results with Jean-Laurent Bonafé, Group Chief Executive Officer, and Lars Maschineel, Group Chief Financial Officer. For your information, this conference call is being recorded. Supporting slides are available on BNP Paribas IR website, invest.bnpparibas.com. During today's presentation, you will be able to ask your questions by pressing star 1 on your telephone keypad. If you would like to ask a question, please make sure to be in a quiet area to maximize audio quality. I would like now to hand the call over to Jean-Laurent Bonafé, Group Chief Executive Officer. Please go ahead, sir. Good afternoon, ladies and gentlemen. We are pleased to present a summary of our strong first quarter results and to have the opportunity to reiterate our 24-26 trajectory. But before I start, let me provide a brief commentary on the current environment. Of course, we acknowledge elevated uncertainties in the markets and the economic environment, but the best way to face them is to be ready first to support our clients, And in that respect, our focusing on high-quality customers and our readiness to help them redirect or adjust their investment plans is our top priority. Ready to monitor our risk, credit and market risk are monitored very closely, and we still have S1 and S2 provision to help absorb some of the deterioration should it materialize. And of note, investment-grade clients represent 78% of our credit exposure. ready also to grasp investment opportunities. The first quarter marked an acceleration in funding commitments by European governments. What is new is the wake-up call for Europe. The German 1 to 1.5 trillion investment plan and the EU 800 billion readiness progr...