The private banking business of French bank Natixis has reported net revenues of 31m for the third quarter of 2014, a rise of 5% compared to 30m in the year ago quarter.
In Private Banking, net inflow reached 1.2bn at end-September 2014, more than double the 500m recorded in the year-earlier period, while assets under management expanded 9% to 24.3bn at end-September 2014.
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While, the group’s asset management business lifted revenues and gross operating income sharply in third quarter, by 16% and 27%, respectively.
The unit’s assets under management amounted to 708bn at end-September2014, up 79bn versus 31 December 2013, including 359bn in the USA and 338bn in Europe.
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