Natixis released its numbers for Q1 20. As expected these were mostly impacted by a sharp increase in loan losses and trading income has suffered from market dislocation at the end of March. Cost of risk is at 117bp on an annualised basis vs 60-65bp for the three other French banks but still slightly higher expectations. The CET1 ratio at 11.4% is 10bp higher qoq and 310bp higher than regulatory requirements (which have been recently softened).
07 May 2020
We need more time
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
We need more time
- Published:
07 May 2020 -
Author:
Farhad Moshiri -
Pages:
2
Natixis released its numbers for Q1 20. As expected these were mostly impacted by a sharp increase in loan losses and trading income has suffered from market dislocation at the end of March. Cost of risk is at 117bp on an annualised basis vs 60-65bp for the three other French banks but still slightly higher expectations. The CET1 ratio at 11.4% is 10bp higher qoq and 310bp higher than regulatory requirements (which have been recently softened).