The French bank saw its revenues increase in the third quarter of 2019 with growth in investment banking, insurance and payments. Issuance and sales of structured products, however, were down 46% and 40%, respectively, despite a number of successful ‘green’ campaigns in Belgium and France.
Natixis has reported a net income of €415m in the third quarter of 2019, up 16% from €358m in the prior year quarter. Underlying net revenues in corporate and investment banking (CIB), at €784m, were up three percent yearonyear, primarily driven by global finance, with the bank also reporting growth of global markets activities (+3% y-o-y) and of its green & sustainable hub. The hub, whose purpose is to develop CIB’s green and sustainable finance activities in Europe,
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