Bnp Paribas Ord (BNPQF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas second 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. Thank you. So, good afternoon, ladies and gentlemen. Lars and I are pleased to present today a summary of our strong second quarter results and how it confirms our 24-26 trajectory. For 25 specifically, we're also confident to announce that we expect more than 12.2 billion euros net profit for this year, as I will explain later. We will be relatively brief on divisional details as you have most of them in our documents. So moving to slide four. You can see that our year news are up 2.5% this quarter. CIB posted a 4% revenue growth despite an elevated base in the second quarter 24 and the U.S. dollar witness. For all three businesses, global banking, global markets, and security services, we had the best second year in 14 years, in 15 years. CPBS was marginally up year-on-year despite lower used car sales results at Aval. This is in line with our trajectory. The quarter confirmed the acceleration of the NII in our commercial banks in Eurozone, as expected, with a growth of more than 2%, and we anticipated the second half to show further acceleration. Yeoman once again posted very...