SG trumpets capital growth after restructuring

Societe Generale
By Sam Kerr
06 Nov 2019

Société Générale reported a slump in overall profit as part of its third quarter results on Wednesday, but was keen to draw attention to a near-50bp improvement in its capital ratios, thanks to restructuring actions.

Société Générale reported net profit of €854m in the quarter, with its net banking income falling to €5.98bn — down 8.4% versus the same quarter in 2018. The French bank recorded revenue of €18.5bn for the nine months ending in September 2019, down 4.3% compared with the same ...

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