Natixis: confirms strategic aims

(CercleFinance.com) - Natixis has said that it expects Q4 2018 net banking income of its businesses to be around 2 billion euros, down around 10% relative to 2.
25 billion euros in Q4 2017, with a FY figure that is down less than 1%.

"This contraction is entirely attributable to the occurrence of a risk of exceptional nature," the bank said.

"This item of exceptional nature relates to the deterioration of market conditions in Asia... This will result in a E100m reduction in Natixis' net revenues in the fourth quarter of 2018, in addition to a E160m provision to cover the management of this product book."



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