Natixis: H1 2019 earnings reach E1.1bn

(CercleFinance.com) - Underlying net banking income was stable year-on-year, against an historically high Q2 2018, thanks to Asset and Wealth Management, up 11% y-o-y, Payments (+10% y-o-y) and Insurance (+7% y-o-y).


Net income, group share adjusted for the IFRIC21 impact and excluding exceptional items amounted to 315 million euros in Q2 2019. Including exceptional items (-17 million euros net of tax in Q2 2019) and the IFRIC21 impact (+47 million euros in Q2 2019), net income, group share, amounted to 346 million euros. The underlying RoTE is 9.6% excluding the IFRIC 21 impact and 10.8% with a normalised cost of risk.

Underlying NBI in H1 2019 is up or stable over one year at the majority of businesses with, in particular, a strong increase in revenues from Payments (+10% y-o-y), Insurance (+7% y-o-y), Asset and wealth management (+4% y-o-y), and Investment banking/M&A (+6% y-o-y).

Net income, group share adjusted the IFRIC21 impact and excluding exceptional items amounted to 650 million euros in H1 2019. Including exceptional items (+555 million euros net of tax in H1 19) and the IFRIC21 impact (-95 million euros in Q2 19), net income, group share, amounted to 1,110 million euros.


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