Natixis: FY 2020 net income, group share reaches E517m
(CercleFinance.com) - The bank's underlying net banking income is down 13% at 7,405 million euros in 2020 at current exchange rates (-12% at constant exchange rates).
Underlying expenses are down 5% year-on-year at current exchange rates (-4% at constant exchange rates)
Net income, group share, excluding exceptional items, amounted to 517 million euros in 2020. Including exceptional items (-416 million euros net of tax in 2020), the group's reported net income, group share in 2020 came in at 101 million euros. Natixis' underlying RoTE was 3.0% in 2020 (a far cry from 10.0% in 2019).
Underlying net banking income, excluding H2O AM, rose by 8% in Q4 y-o-y (+11% at constant exchange rates). Underlying expenses were down 4% year-on-year.
Net income, group share, adjusted for the impact of IFRIC 21 and excluding exceptional items amounted to 395 million euros in the fourth quarter of 2020. Including exceptional items (-118 million euros net of tax in Q4 20) and the IFRIC 21 impact (+47 million euros in Q4 20), reported net income, group share came to 323 million euros.
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Underlying expenses are down 5% year-on-year at current exchange rates (-4% at constant exchange rates)
Net income, group share, excluding exceptional items, amounted to 517 million euros in 2020. Including exceptional items (-416 million euros net of tax in 2020), the group's reported net income, group share in 2020 came in at 101 million euros. Natixis' underlying RoTE was 3.0% in 2020 (a far cry from 10.0% in 2019).
Underlying net banking income, excluding H2O AM, rose by 8% in Q4 y-o-y (+11% at constant exchange rates). Underlying expenses were down 4% year-on-year.
Net income, group share, adjusted for the impact of IFRIC 21 and excluding exceptional items amounted to 395 million euros in the fourth quarter of 2020. Including exceptional items (-118 million euros net of tax in Q4 20) and the IFRIC 21 impact (+47 million euros in Q4 20), reported net income, group share came to 323 million euros.
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