Geoff Dawes's questions to BNPQY leadership • Q4 2024
Question
Asked about the possibility of increasing buybacks to stabilize EPS, the funding duration for the consumer business, and whether NPL portfolios are being sold opportunistically or are actively on the market.
Answer
The company prioritizes redeploying capital for growth over increasing buybacks. The consumer business funding duration is matched to assets, averaging over a year. NPL sales are opportunistic, done to optimize the balance sheet when opportunities arise, and the P&L impact is a recycling of existing provisions.