Natixis announced this morning the disposal of its retail banking activities to BPCE. These are the activities of the specialised financial services division, namely consumer finance, leasing, sureties & financial guarantees, factoring and securities services. The price of this disposal is in the area of €2.7bn. Part of the amount will be kept as common equity tier 1 to reach the 11% CET1 ratio target fixed by management in the frame of the 2018-20 plan. The remainder of the proceeds
13 Sep 2018
Useless balance sheet...
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Useless balance sheet...
- Published:
13 Sep 2018 -
Author:
Farhad Moshiri -
Pages:
2
Natixis announced this morning the disposal of its retail banking activities to BPCE. These are the activities of the specialised financial services division, namely consumer finance, leasing, sureties & financial guarantees, factoring and securities services. The price of this disposal is in the area of €2.7bn. Part of the amount will be kept as common equity tier 1 to reach the 11% CET1 ratio target fixed by management in the frame of the 2018-20 plan. The remainder of the proceeds