NATIXIS :Natixis' prudential capital requirements left unchanged by the ECB
Paris, February 18, 20192/2
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
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks, Banque Populaire and Caisse d'Epargne. With more than 18,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE's banking networks. Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €11.8 billion, a Basel 3 CET1 ratio(1) of 10.8 % and quality long-term ratings (Standard & Poor's: A+ / Moody's: A1 / Fitch Ratings: A+).
(1)Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in .
Figures as at December 31, 2018
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