The Investment Solutions business line of French banking group Natixis has posted pre-tax profit of EUR362m for the fourth quarter of the 2015, a surge of 60% compared to EUR227m a year ago.
The Investment Solutions business line- which includes private banking, asset management and insurance business- reported net revenues of EUR1bn, a rise of 30% compared to EUR773m in the year ago quarter.
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Individually, asset management, insurance and private banking businesses contributed EUR817m, EUR146m and EUR41m respectively to the Investment Solutions business line’ net revenues.
Investment Solutions division’s gross operating income stood at EUR357m, up 60% compared to EUR223m a year ago.
In Asset Management, net inflow amounted to EUR3bn in the fourth quarter of 2015, including contributions of +EUR6bn in Europe and – EUR3bn in the US am id a tough environment for mutual funds.
In the Insurance field, overall turnover rose 1% to EUR6.1bn in 2015.
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By GlobalDataOverall, the French investment bank reported net profit of EUR316m for the fourth quarter of 2015, an increase of 39% from EUR228m in the same period a year ago. Revenue climbed 13% to EUR2.25bn, while its provisions for credit losses fell 16%.
