Natixis’ prudential capital requirements left unchanged by the ECB
The European Central Bank left Natixis’ prudential capital requirements unchanged following the results of the 2018 Supervisory Review and Evaluation Process (SREP). Including 0.06% of countercylical buffer, Natixis’ CET1 ratio requirement is set at 9.06% as of March 1, 2019 (Pillar 2 requirement unchanged).
With a pro forma(1) fully loaded CET1 ratio of 11.1% as at December 31, 2018, Natixis is well above these regulatory requirements.
- Pro-forma for the disposal of the retail banking activities, the €1.5bn special dividend payment, the acquisitions already announced but not closed yet as at 31/12/2018, as well as the Irrevocable Payment Commitments and IFRS16 impacts
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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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