SG keeps lid on costs after restructuring

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By Jasper Cox
06 Feb 2020

Société Générale grew revenues while keeping costs steady in its markets and investor services activities in the fourth quarter. Bondholders will have also welcomed a boost to the bank’s capital ratio.

Across the global banking and investor solutions division, proceeds grew by 7%, or €145m, to €2.19bn, compared with the fourth quarter of 2018. But operating expenses were little changed, at €1.77bn versus €1.78bn.

SG has spent the past year trying to restructure and cut costs, particularly in ...

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