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.
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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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