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February 21, 2014updated 04 Apr 2017 2:29pm

Natixis reports 23% rise in Q4 net income

Natixis, the investment-banking and asset-management unit of French bank Groupe Caisse d'Epargne, has reported a net income of €206 million (US$283 million) for the fourth quarter of 2013, an increase of 23% compared with €167 million a year ago.

By Verdict Staff

Natixis, the investment-banking and asset-management unit of French bank Groupe Caisse d’Epargne, has reported a net income of €206 million (US$283 million) for the fourth quarter of 2013, an increase of 23% compared with €167 million a year ago.

The bank said that pretax profit at its savings unit, which includes asset management, insurance and private banking, rose by 19% to €204 million in the quarter.

Asset-management revenue jumped 16% in the quarter to €511 million, as record asset management inflows hit €20 billion.

Pretax earnings at the investment-banking rose to €168 million for the quarter ended 31 December 2013 from €154 million in 2012 quarter as costs declined 11%.

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