Natixis: Q1 2019 net income reaches E764m

(CercleFinance.com) - Natixis' Q1 underlying net banking income reached 2,132 million euros, either up or stable over one year, for the majority of its businesses, with strong growth in Payments revenues (+11% year-on-year), Insurance (+7% year-on-year) and Investment Banking/M&A (+6% year-on-year), with a strong resilience of global finance as well as Asset and wealth management.


Net income, group share restated for the IFRIC 21 impact and excluding exceptional items, reached 334 million euros in the first quarter of 2019. Including  exceptional items (+572 million euros net of tax in the first quarter of 2019) and the impact IFRIC 21 (-142 million euros in the first quarter of 2019), reported net income, group share amounted to 764 million euros.

Natixis' underlying RoTE reaches 10.2% excluding the IFRIC 21 impact and 13.2% on average on the "New Dimension plan" as of 31 March 2019. Underlying RoE is 12.3% and an average of 14.6% on the New Dimension plan as of 31 March 2019.


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