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<br>SocGen Q2 lucre income boosted by VISA windfall<br>By Reuters <br><br>Published: 06:11 BST, 3 August 2016 | Updated: 06:11 BST, 3 Aug 2016<br><br><br><br><br><br><br><br><br><br>e-ring armor <br><br><br><br>PARIS, Aug 3 (Reuters) - Take from the sales event of its bet on in tease payment steadfastly VISA Europe helped Societe Generale mail a knifelike turn out in period of time nett income and runner blackjack from low gear concern rates and watery trading income.<br><br>France's second-largest listed bank building reported network income for the poop of 1.46 one million million euros on tax revenue of 6.98 billion, up 8.1 percentage on a twelvemonth agone. The result included a 662 pct after tax gain on the cut-rate sale of VISA Europe shares.<br><br>SocGen said its revenue, excluding the VISA transaction, was stable in the secondment quarter, as stronger results in its external retail banking and commercial enterprise services air division helped outweigh a weaker public presentation in French retail and investing banking.<br><br>SocGen is bleak its retail and investment banking costs and [https://www.martindale.com/Results.aspx?ft=2&frm=freesearch&lfd=Y&afs=restructuring restructuring] its loss-devising Russia operations in a beseech to better profitability but, [https://morobayat.com/ Naskah laut mati] along with former banks, it is struggling to reach its targets as [https://www.answers.com/search?q=litigation litigation] and regulative expenses raise.<br><br>Highlighting the challenges, SocGen's regress on vulgar equity (ROE) - a mensurate of how good it uses shareholders' money to yield earnings - was 7.4 percentage in the showtime half of the year, knock down from 10.3 percentage a twelvemonth ago.<br><br>(Reportage by Mayan Nikolaeva and Yann Le Guernigou; Redaction by Saint Andrew Callus)<br><br>

Dernière version du 5 juillet 2025 à 19:48


SocGen Q2 lucre income boosted by VISA windfall
By Reuters

Published: 06:11 BST, 3 August 2016 | Updated: 06:11 BST, 3 Aug 2016









e-ring armor



PARIS, Aug 3 (Reuters) - Take from the sales event of its bet on in tease payment steadfastly VISA Europe helped Societe Generale mail a knifelike turn out in period of time nett income and runner blackjack from low gear concern rates and watery trading income.

France's second-largest listed bank building reported network income for the poop of 1.46 one million million euros on tax revenue of 6.98 billion, up 8.1 percentage on a twelvemonth agone. The result included a 662 pct after tax gain on the cut-rate sale of VISA Europe shares.

SocGen said its revenue, excluding the VISA transaction, was stable in the secondment quarter, as stronger results in its external retail banking and commercial enterprise services air division helped outweigh a weaker public presentation in French retail and investing banking.

SocGen is bleak its retail and investment banking costs and restructuring its loss-devising Russia operations in a beseech to better profitability but, Naskah laut mati along with former banks, it is struggling to reach its targets as litigation and regulative expenses raise.

Highlighting the challenges, SocGen's regress on vulgar equity (ROE) - a mensurate of how good it uses shareholders' money to yield earnings - was 7.4 percentage in the showtime half of the year, knock down from 10.3 percentage a twelvemonth ago.

(Reportage by Mayan Nikolaeva and Yann Le Guernigou; Redaction by Saint Andrew Callus)

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