The French banking group continued its implementation of a cautious provision policy in Q3 with the cost of risk down 41.5% YoY.
Groupe BPCE, the parent company of Natixis, recorded net banking income of €6.3 billion in Q3 2021, an increase of a 14.4% compared to the equivalent quarter in 2020. The global financial services unit, which includes the activities of the asset & wealth management (AWM) and corporate & investment banking (CIB) divisions, recorded revenues of €1.8 billion in Q3 2021, up 22.2%. AWM’s assets under management (AuM) were equal to €1.2 trillion at end-September for Nati
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