Natixis presents its 2014/2017 strategic plan

Paris, France, November 13, 2013

‘NEW DEAL’, A SUCCESSFUL TRANSFORMATION PLAN:

A SOLID AND PROFITABLE BANK WITH STRONG FRANCHISES

NEW FRONTIER’, A DEVELOPMENT PLAN BUILT THROUGH ONE AMBITION:

BECOMING A PROVIDER OF HIGH VALUE-ADDED SOLUTIONS AND FULLY CLIENT CENTRIC

STRATEGIC PLAN 2017 TARGETS: GENERATE NET REVENUES ABOVE €8BN FROM THE THREE CORE BUSINESSES, A COST-INCOME RATIO OF AROUND 65% AND A ROTE OF BETWEEN 11.5 AND 13%

3 LEVERS TO ATTAIN THESE OBJECTIVES:

Accentuate the development and internationalization of the businesses (over 50% of net revenues by end-2017)

    • Develop asset management with an objective of €75bn in new net inflows by end-2017, mainly generated in international markets; increase Wholesale Banking’s net revenues in international markets by 10% per year
    • Generate new synergies with Groupe BPCE’s retail networks: a further €400m in net revenues by end-2017, after more than €400m between 2010 and 2013

Business model optimization

    • Pursue the business model adaptation:
        • Enhance the Originate-to-Distribute model in the Wholesale Banking
        • Extend the multi-boutique model to asset management in Europe
        • Build the insurance platform to serve Groupe BPCE’s ambitions
        • Pursue industrial investments and innovation in the Specialized Financial Services
    • Costs control and acceleration of the Operational Efficiency Program in order to reduce the global cost-income ratio by 5%; for the core businesses, we target a level of around 55% in Wholesale Banking, under 70% in Investment Solutions and under 64% in Specialized Financial Services

Active capital management allocation

      • Allocate capital to the three core businesses with the closing of GAPC by mid-2014 and the disposal of Coface during the plan
      • Reinforce the capital allocated to Investment Solutions with the setting up of Groupe BPCE’s insurance platform (project to acquire BPCE Assurances and roll out of insurance products to the Caisse d’Epargne network from January 1st, 2016) and pursuit of an opportunist policy of external growth in asset management (allocation of €1.5bn of excess capital dedicated to acquisitions over the plan)
      • Payout ratio ≥ 50%

BASEL 3 CET1 RATIO FULLY LOADED TARGET BETWEEN 9.5 AND 10.5% BY END-2017 AND LCR ABOVE 100% AS OF JANUARY 2014

 

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