NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
As of December 31, 2019 – reported
31/12/2019
Corporate & Investment Banking
Corporate Center and Financial Investments (excluding Coface) (c) (d)
Asset & Wealth Management (b)
(in millions of euros)
Insurance
Payment
Coface
Total
Net revenues
3,760
3,223
846
423
772
195
9,219
2018/2019 change (a)
10%
3%
7%
(4)%
Expenses
(2,492)
(2,170)
(478)
(370)
(561)
(584)
(6,655)
2018/2019 change (a)
10%
2%
7%
(2)%
1,268
1,053
368
52
211
(388)
2,564
Gross operating income
2018/2019 change (a)
10%
6%
8%
(8)%
Provision for credit losses
(8)
(312)
0
(2)
(10)
1
(332)
2018/2019 change (a)
78%
55%
1,260
741
368
50
201
(388)
2,232
Net operating income
2018/2019 change (a)
9%
(9)%
8%
(13)%
Associates
1
10
10
0
0
0
21
2018/2019 change (a)
(68)%
(10)%
(32)%
(27)%
Other
5
(15)
0
0
7
695
692
2018/2019 change (a)
(87)%
Income before tax
1,266
737
378
50
208
307
2,945
2018/2019 change (a)
6%
(11)%
6%
11%
Net income Group share
662
527
258
34
50
365
1,897
2018/2019 change (a)
6%
(11)%
6%
11%
This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2019.
(a) (b)
Change between December 31, 2019 and December 31, 2018.
Of which for Asset Management: - net banking income: €3,511 million; - expenses: -€2,253 million;
- gross operating income: €1,258 million; - provision for credit losses: -€6.5 million; - pre-tax profit: €1,257 million. Of which short -term cash: Net banking income: €114 million;
(c)
5
- expenses: -€65 million; - gross operating income: €49 million; - provision for credit losses: €0 million; - pre-tax profit: €49 million. Net revenues and operating expenses attributable to the Corporate Center include the residual impact of the activities sold to BPCE in the first quarter, subsequent to their deconsolidation at March 31, 2019. The impact (d) on net revenues came to €22.3 million and the impact on operating expenses amounted to -€22.5 million, both are primarily related to EuroTitres.
Breakdown of net revenues
(in millions of euros)
Net revenues
2018/2019 change
Asset & Wealth Management
3,760
10%
Asset Management
3,511
7% 3% 6% 3%
Wealth Management
149 100
Employee Savings
Corporate & Investment Banking
3,223 1,396 1,803
Capital Markets (a)
15%
Global finance & Investment banking
1%
Other
24
(56)%
Insurance
846 423 772 195
7%
Payment
Financial Investments
Corporate Center
TOTAL
9,219
(4)%
Of which €1,535 million excluding the net revenues of the XVA desks, which can be broken down into €1,118 million in net revenues for FICT and €417 million for Equities. (a)
365
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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