PARIS, November 3 (Reuters) – Societe Generale reported quarterly results above expectations on Friday, as the solid performance of its investment and financing bank offset the sharp decline in its retail banking activities in France .
Over the July-September period, the third French bank by market capitalization published a net profit, group share of 295 million euros, while analysts on average anticipated an amount of 194 million euros according to a consensus reached by SocGen.
This is a decline of almost 80% over one year, due to a depreciation of 340 million euros on certain group activities and a provision of 270 million euros for deferred taxes. assets.
Société Générale had warned of these “cuts” upstream, during an investor day organized in September. (Report Mathieu Rosemain, written by Jean Terzian, edited by Blandine Hénault)
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