Natixis treads water as Q1 numbers feel LTRO absence
Natixis reported first quarter results on Monday, with revenues across its business lines coming in line with its weak performance the previous year. The bank said that the positive effect of the European Central Banks LTROs on the market in 2012 made comparisons with that year “demanding”.
The banks wholesale banking business which includes its commercial banking, structured financing and capital markets divisions saw pre-tax profits fall by 3%. It reported a fall in pre-tax profit from 294m to 284m.
That was despite a 5% increase in revenues in its capital markets line, where
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