Accueil > Actualité
Actualite financiere : Actualite bourse

Société Générale: Q2 gross operating income down 29%

( - Société Générale has reported Q2 2020 group net income of -1.
26 billion euros, although underlying group net income of +8 million euros, with gross operating income that is down 28.7% at +1.44 billion euros.

"Q2 2020 was heavily impacted by the Covid-19 global health crisis and its economic consequences," the group said, specifying that its quarterly net banking income fell by 15.7% to nearly 5.3 billion euros.

It points out a 9.6% decline in its operating expenses, but almost a fourfold increase in its commercial cost of risk to 97 basis points, although by 2020 this is expected at the lower end of the 70-to-100 bp range.

Copyright (c) 2020 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.