SocGen faces one-off hit from loan disposals to report strengthening revenues
Société Générale’s corporate and investment bank saw its revenues rebound in the third quarter, although its results for the period, announced on Thursday, were blighted by losses from the final stage of loan disposals.
In the third quarter of the year, the French banks revenues rose slightly on last year to 6.18bn (up 8.7% from quarter three 2011), although its net income fell 86.3% year on year to 85m.
The corporate and investment banking division fared better, reporting revenues from core activities
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