The main change in Group (Natexis Banques Populaires) structure compared with 2003 is Coface's acquisition of ORT, the French subsidiary company of Reuters, effective April 1, 2004. To permit meaningful comparisons, 2003 figures have been restated where necessary. Unless otherwise stated, the changes presented in this press release have been calculated on a reported basis. The 2004 figures presented are estimates and subject to statutory audit.
The figures presented in this press release are based on the new organisation structure introduced in mid-2004, with the following four business lines:
Corporate and Institutional Banking and Markets
Private Equity and Private Banking
Services
Trade Receivables Management (Coface and Natexis Factorem)
