Société Générale: FY net income down 21%
(CercleFinance.com) - Société Générale (SG) has announced FY 2019 net income, group share that is down 21.
2% at 3.25 billion euros, as well as underlying EBITDA that is down 4.6 % at 7.26 billion euros.
At 24.67 billion euros, net banking income (NBI) slipped 2.1%, with a comparison basis effect partly to blame. NBI of the businesses was pretty flat (dipping just 0.1%), supported by the retail banking and international financial services division (+4.6%).
On this basis, SG's board of directors will propose a dividend of 2.20 euros per share in cash for 2019. For 2020, the group expects net profit, group share to increase, with revenues increasing slightly in the current market context.
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2% at 3.25 billion euros, as well as underlying EBITDA that is down 4.6 % at 7.26 billion euros.
At 24.67 billion euros, net banking income (NBI) slipped 2.1%, with a comparison basis effect partly to blame. NBI of the businesses was pretty flat (dipping just 0.1%), supported by the retail banking and international financial services division (+4.6%).
On this basis, SG's board of directors will propose a dividend of 2.20 euros per share in cash for 2019. For 2020, the group expects net profit, group share to increase, with revenues increasing slightly in the current market context.
Copyright (c) 2020 CercleFinance.com. All rights reserved.