Loan loss provisions balloon at Natixis CIB from single French file

By Jasper Cox
02 Aug 2019

Profits at Natixis’s corporate and investment bank fell sharply in the second quarter after provisions for credit losses tripled, it showed in results released after market close on Thursday. The bank was also keen to display its sustainable finance initiatives.

“Underlying loan loss provisioning increased above its normalised level this quarter mainly driven by a large single file in France,” the bank said. At the CIB, provision for credit losses increased from €30m in the first quarter to €104m in the second quarter. For Natixis as a ...

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