SG keeps lid on costs after restructuring

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial