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Natixis Posts Bolstered Profits For H1

Amisha Mehta

3 August 2015

Paris-based boosted its pre-tax profit by 26 per cent year-on-year to €1.3 billion ($1.4 billion) over the first half of 2015.

Its core business saw net revenues jump 13 per cent, from €3.52 billion at the end of June last year to €3.98 billion, thanks to growth delivered by asset management, equity businesses and specialised financial services.

The company's €812 billion in assets under management was however down slightly from €820 billion at the end of March. Of this, 52 per cent or €423 billion came from the US business and €358 billion from Europe. Net revenues in these regions increased 29 per cent and 14 per cent year-on-year respectively.

It was a record period as far as net new money in asset management – the €29 billion in new assets included a €17 billion booster from the company's recent acquisition of DNCA Finance.
 
Natixis's common equity tier one ratio reached 11 per cent at the end of June, up 40 basis points from the end of March.