Natixis: FY 2017 net income, group share up 25%
(CercleFinance.com) - Natixis' net banking income reached 9,497 million euros in 2017, up 9% y-o-y.
Different businesses recorded a 9% y-o-y increase in NBI to 8,810 million euros, in particular with a significant increase in revenues of Asset & Wealth Management AWM (+15% in 2017), insurance (+12%) and Banking for large corporate clients (+7%).
Net income, group share, adjusted for extraordinary items reached 1,715 million euros in 2017, up 25% y-o-y. Integrating extraordinary items (-46 million euros net of tax in 2017), net income, group share reached 1,669 million euros, up 21% y-o-y.
RoTE reached 12.3%, with the RoE of businesses at 13.8%, up respectively +240 bp and +160 bp respectively compared to 2016.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Different businesses recorded a 9% y-o-y increase in NBI to 8,810 million euros, in particular with a significant increase in revenues of Asset & Wealth Management AWM (+15% in 2017), insurance (+12%) and Banking for large corporate clients (+7%).
Net income, group share, adjusted for extraordinary items reached 1,715 million euros in 2017, up 25% y-o-y. Integrating extraordinary items (-46 million euros net of tax in 2017), net income, group share reached 1,669 million euros, up 21% y-o-y.
RoTE reached 12.3%, with the RoE of businesses at 13.8%, up respectively +240 bp and +160 bp respectively compared to 2016.
Copyright (c) 2018 CercleFinance.com. All rights reserved.