French bank Natixis posted a 1.8-billion-euro loss for the first quarter of 2009, a fourth successive quarterly loss that was greater than expected. The bank's major shareholders Caisse d'Epargne and Banque Populaire are to inject 3.5 billion euros.
AFP - French bank Natixis posted Wednesday a loss of 1.8 billion euros (2.5 billion dollars) in the first quarter and announced a capital injection of 3.5 billion euros from its two biggest shareholders.
The shareholders, French banks Caisse d'Epargne and Banque Populaire, will give Natixis a one billion euro advance and another two billion euros in debt securities, Natixis said in a statement.
The losses are three times bigger than what had been forecast in the Dow Jones Newswire poll of analysts, who had predicted a 518 million euro loss.
Date created : 2009-05-14