SOURCE: Natixis

November 09, 2010 11:56 ET

NATIXIS : THIRD QUARTER 2010 RESULTS

PARIS--(Marketwire - November 9, 2010) - Third quarter 2010 results: confirmation of Natixis' recovery

+-------------------------+
|Q3-2010: 75% increase in |
|income before tax for the|
|core businesses1         |
+-------------------------+
|Net revenues of the core |
|businesses: €1,336       |
|million (+7% vs Q3-2009) |
+-------------------------+
|Income before tax of the |
|core businesses: €427m   |
|(+75% vs Q3-2009)        |
+-------------------------+
|Net income (Group share):|
|€305 million             |
+-------------------------+
+-------------------------+
+-------------------------+
|9M-2010: net income of   ||€1,290m, highlighting the|
|pertinence of the        |
|strategy                 |
+-------------------------+
|Net revenues of the core |
|businesses: €4,282       |
|million (+10% vs 9M-2009)|
+-------------------------+
|Income before tax of the |
|core businesses: €1,435  |
|million (vs €30 million  |
|in 9M-2009)              |
+-------------------------+
|Net income (Group share):|
|€1,290 million (vs       |
|-€2,232 million in       |
|9M-2009)                 |
+-------------------------+
+-------------------------+
+-------------------------+
|Significant improvement  |
|in the Core Tier One     |
|ratio in preparation for |
|Basel III                |
+-------------------------+
|Core Tier One ratio:     |
|10.0% (vs 8.1% at June   |
|30, 2010)                |
+-------------------------+
|Tier One ratio: 11.2% (vs|
|9.2% at June 30, 2010)   |
+-------------------------+
|Pro-forma Tier One ratio |
|after the reimbursement  |
|of €518 million in super |
|subordinated notes       |
|planned for Q4-2010:     |
|10.9%                    |
+-------------------------+
|Big reduction in         |
|risk-weighted assets     |
|(-20%) vs June 30, 2010: |
+-------------------------+
|-€15.9 billion following |
|migration to the advanced|
|IRBA method under Basel  |
|II                       |
+-------------------------+
|-€9.3 billion from the   |
|first impact of disposals|
|of complex credit        |
|derivatives (correlation |
|book)                    |
+-------------------------+
|Projections2 point to a  |
|Core Tier One ratio of   |
|more than 7% as of       |
|January 1, 2013 under    |
|Basel III, without a call|
|on the market.           |
+-------------------------+
+-------------------------+

Comments on methodology

Private Equity has been reorganized: business conducted on behalf of third parties is now housed in the Investment Solutions division, while proprietary activities remain lodged in Financial Stakes. Data for 2009, Q1-2010 and Q2-2010 have been restated accordingly.

In addition, the GCE Payments businesses have been consolidated on the Payments business line of the Specialized Financial Services division since September 1, 2010.

Natixis' consolidated results were approved by the Board of Directors on November 9, 2010.

1 Core businesses: Corporate and Investment Banking, Investment Solutions, Specialized Financial Services

2 See details paragraph 4, page 9

The full press release is available in attachment.

http://www.hugingroup.com/documents_ir/PJ/CO/2010/171505_88_6W59_CP-results-3T10-EN.pdf

This information is provided by HUGIN

Contact Information