Natixis plans to sell its Consumer financing, Factoring, Leasing, Sureties & guarantees and Securities services businesses to its majority owner Groupe BPCE SA, for a total of €2.7bn.
The move, if successfully completed, will allow Natixis to accelerate the development of its asset-light model. In turn, Natixis would invest up to €2.5bn over its New Dimension strategic plan, primarily in asset management, compared with €1bn initially planned.
The news was covered by The Financial Times, Reuters, IFR, Globesnewswire, Law 360, Yahoo Finance, New York Times, Market Watch, This is money, CNBC, Euroinvestor, Post Online Media, Investsize.
In an article for Africa Global Funds, Doina Buruiana, Project Manager at the International Chamber of Commerce Banking Commission, discusses the obstacles in the way of growth for the trade finance sector in Africa.
Despite the numerous challenges ahead, Buruiana explains that banks in Africa have the most optimistic outlook on the trade finance sector, according to results from the ICC’s 10th Global Survey on Trade Finance.
Read the article on pages 14-15 of the August edition of Africa Global Funds.
The Banker has profiled Natixis’s Green and Sustainable Hub (GSH) as its Team of the Month. The hub, integral to all of Natixis’ work in green and sustainable finance sector, is helping to cement Natixis’ position as the leading reference bank for such activities.
Speaking with Orith Azoulay, Head of the GSH, and Thomas Girard, in charge of business development at the GSH, the article highlights some of the team’s achievements from the past year, including the first commercial mortgage-backed securities (CMBS), real-estate loans and structured notes.
To read the full article, please click here
Writing in The Asian Banker, Olivier Paul, Head of Policy at the International Chamber of Commerce Banking Commission, discusses Asia-Pacific’s role as a global trading hub and the world’s largest trade finance provider.
Building on results from the ICC’s 10th Global Survey on Trade Finance, Paul also notes that outlook on the growth is positive although the sector must still overcome a variety of challenges, notably those relating to protectionist policies, regulation and compliance.
To read the full article, please click here.
The Banker has named Natixis “Most innovative investment bank for climate change and sustainability” at its 2018 Investment Banking Awards.
The award recognises the innovative work Natixis is doing in the green and sustainable finance sector, including numerous first-of-their-kind deals and the development of an internal mechanism for integrating environmental risks into their overall risk assessment for financings worldwide.
To read the full article, please click here (login required)
Writing in Investment Europe, Emmanuel Issanchou, Global Head of Structured Credit & Solutions at Natixis, discusses the appeal of the Dutch mortgage market.
Issanchou explains why investors are heading to the market, how it has evolved and expanded over the last decade and the growing need for non-bank investment.
To read the article, please click here.
The effect of climate risk and severe weather events on corporate earnings can be significant. If left unmitigated, the financial impact could increase over time as climate change makes disruptive weather events more frequent and severe. The report entitled “The Effects of Weather Events on Corporate Earnings are Gathering Force” was jointly released by S&P Global Ratings and Resilience Economics.
The news was covered in Edie, EurActiv, Bloomberg, BNN Bloomberg, Bloomberg Quint, Earther, The Star Business Journal, Oil Price, The TeCake, BlouinNews, The News Recorder, Washington Post, CTM File, EcoNews, Environmental Leader, Climate Alliance, and Triple Pundit.
Environmental, social and governance (ESG) risks and opportunities are of growing interest to all market participants. With the potential to affect an entity’s capacity and willingness to meet its financial commitments in various ways, it is important to understand how S&P Global Ratings incorporates ESG factors into credit ratings. Michael Wilkins, Head of Sustainable Finance at S&P Global Ratings, explains.
The full piece was published in print.
Falcon Bridging Finance Limited has announced that it has selected Brightstar Financial to act as its latest financial intermediary.
Under the terms of the partnership, Brightstar will add Falcon Bridging to their lender panel, providing partners and clients access to their complete product range.
Rachel Goult, Director, S&P Global Ratings, looks at the GCC’s efforts to become a large producer of solar energy – and how new capital market involvement and green Islamic finance initiatives could help support the growing industry.
To read the full article please click here.