Fourth-quarter and full-year 2009 results
Fourth-quarter results: confirmation of earning capacity
Underlying net income (gp. share):1 : €794 million, vs €223 million in Q3
Net income excluding non-recurring items : €296 million
Net income (gp. share): €748 million
Full-year 2009 earnings still in the red due to the impact of the GAPC in the first half
Underlying net income (gp. share):1 €916 million, up 3% vs 2008
Net income (gp. share): -€1,707 million
Financial structure reinforced
Core Tier One ratio:* 8.1%
Tier One ratio:* 9.1%
* pro forma for the reimbursement of the shareholder advance
A strategic plan consistent with Groupe BPCE
Three core businesses up and running
Defining moves in Financial Stakes
Implementation of the New Deal plan well underway
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Q4-2009 results |
2009 results |
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NBI:2 €1,690 million |
NBI:2 €5,504 million |
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Income before tax:1 €492 million |
Income before tax:1 €193 million |
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U/l net income (gp. share):1 €794 million |
U/l net income (gp. share):1 €916 million |
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Net income (gp. share): €748 million |
Net income (gp. share): -€1,707 million |
- excluding the GAPC, net income from discontinued operations and net restructuring charges
- excluding the GAPC and net income from discontinued operations
Natixis’ consolidated results were approved by the Board of Directors on February 24, 2010.
The process of verifying the consolidated financial statements for the year ended December 31, 2009 has to a large extent been completed. The statutory auditors’ reports certifying the consolidated financial statements will be issued after the verification of the management report and the completion of procedures required for the finalization of the registration document.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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