Société Générale: Q2 2019 underlying operating income up
(CercleFinance.com) - Société Générale reports Q2 2019 underlying group net income that is down 6.
4% at 1,247 million euros, while underlying gross operating income is up 2.3% at 2.132 million euros.
Net banking income came in at 6,284 million euros, down 2.6%, with 2.4% growth in retail banking and international financial services, although a 6.1% fall in global banking and investor solutions.
"Societe Generale has provided further evidence of the successful execution of its strategic plan," commented CEO Fréderic Oudéa, underlining that, over these 6 months, the financial institution reached its Core Equity Tier 1 target of 12%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% at 1,247 million euros, while underlying gross operating income is up 2.3% at 2.132 million euros.
Net banking income came in at 6,284 million euros, down 2.6%, with 2.4% growth in retail banking and international financial services, although a 6.1% fall in global banking and investor solutions.
"Societe Generale has provided further evidence of the successful execution of its strategic plan," commented CEO Fréderic Oudéa, underlining that, over these 6 months, the financial institution reached its Core Equity Tier 1 target of 12%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.