Natixis: Quartalszahlen und weiterer Ausblick
Das Wirtschaftswachstum in Europa blieb im ersten Halbjahr träge, insbesondere in Frankreich. Dieser Ausblick wirkt auch auf die Aktienmärkte aus - der EuroStoxx 500 stieg im zweiten Quartal um 2,1 Prozent.01.08.2014 | 13:03 Uhr
The Board of Directors examined Natixis’s second-quarter 2014 accounts on July 31, 2014. Economic growth appeared to remain sluggish in Europe during the period, notably in France. As regards European key rates, short-term refinancing rates came down, while interest rates on funds deposited with the ECB moved into negative territory. Long-term rates fell significantly during the period, by 55-60bps for countries on the periphery and by around 30bps for Germany. The sluggish economic outlook in Europe slowed progress in equity markets and resulted in modest gains, with the EuroStoxx 50 rising 2.1% during the quarter. However, the Euro Stoxx Banks fell sharply in June and retreated 5.6% over the second quarter as a whole.
For Natixis, the main features of 2Q14 were:
- a 13% advance in core-business revenues vs. 2Q13, fuelled by contributions from all three core businesses. Wholesale Banking grew strongly (net revenues up 17%), thanks particularly to strong momentum in Capital Markets and our international platforms. In the Investment Solutions business, Asset management recorded a healthy net inflow of €8.4bn for the quarter and €17bn for 1H14 as a whole, Insurance expanded business significantly with the Groupe BPCE networks and Private Banking recorded net new money of €500m in 2Q14 and close to €1bn for 1H14. In Specialized Financial Services, revenuessynergies generated with the Groupe BPCE networks continued to expand,
- a 15% reduction in the provision for credit loss vs. 2Q13,
- 26% jump in net income excluding GAPC to €367m vs. 2Q13,
- significant progress in core-business ROE to 13.3% in 2Q14, up 390bps vs. 2Q13,
- further reinforcement of financial structure, with the Basel 3 CET1 ratio improving to 11.2% as at June 30, 2014,
- the closure of GAPC,- and the successful listing of 58.65% of Coface for around €957m, with the greenshoe option exercised in full, without any impact on Natixis results