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BNP Paribas CEO says payout ratio could rise to 70%
Reuters reports BNP Paribas chief Jean-Laurent Bonnafe told analysts the bank could lift its payout ratio to 70% of earnings from 60%, with a board decision in coming weeks.
- New headline Was: “BNP Paribas CEO says bank could raise payout ratio to 70%”
- Our desk filed its story
Based on reporting by Reuters
BNP Paribas Chief Executive Jean-Laurent Bonnafe told analysts on Wednesday that the French bank could increase its payout ratio to 70% of annual earnings from 60%, according to Reuters1.
Reuters said Bonnafe framed a higher regular payout as one option tied to stronger growth, competitiveness and profitability, and to more free cash flow and free equity1.
Separately from any change in the payout ratio, Reuters reported, the bank could also choose to return capital held above a common equity Tier 1 ratio of 13%1.
Reuters said any increase would likely take the form of share buybacks and that the executive board is expected to decide in the coming weeks1.