SOCGEN: BETTER THAN EXPECTATIONS IN THE THIRD QUARTER
PARIS (Reuters) – Societe Generale on Thursday announced better than expected third quarter results, thanks to higher revenues from its corporate and investment banking activities as well as lower provisions for bad debts related to the COVID-19 pandemic.
France’s third-listed bank, after BNP Paribas and Crédit Agricole SA, said its net profit nearly doubled in the quarter, from 862 million euros a year earlier to 1.6 billion euros and thus exceeding the 952 million consensus achieved by Refinitiv based on analyst forecasts.
The credit institution has also raised its 2021 forecast for its provisions. He now expects the cost of risk – which reflects the potential exposure to non-repayment of loans – to not exceed 20 basis points this year while he had previously expected a cost of risk of between 20 and 25 basis points.
SocGen also said in a press release that it had launched a share buyback program of approximately € 470 million.
The bank also announced the appointment of Claire Dumas as the group’s financial director, replacing William Kadouch-Chassaing.
(Report Matthieu Protard, French version Jean-Michel Bélot and Nicolas Delame, edited by)
Download Зараза – Дворы Album Mp3 Zip
Download Varios Artistas – Beethoven 2020 – Lieder & Partsongs Album Mp3 Zip
Download David Nail – Oh, Mother – EP Album Mp3 Zip
Download Ebb & Flod – Nautilus – EP Album Mp3 Zip
Download Solarstone – . . . – – Album Mp3 Zip
Download The Naked Lunch – The Naked Lunch Album Mp3 Zip
Download Audability – Let It Begin Album Mp3 Zip
Download Turpentine Valley – Etch Album Mp3 Zip
Download Nicholas Britell – The King (Original Score from the Netflix Film) Album Mp3 Zip
Download Warmduscher – Tainted Lunch Album Mp3 Zip
Download Borneo – Borneo – EP Album Mp3 Zip
Download Spencer Zahn – When We Were Brand New Album Mp3 Zip
Download YONOSOYTUPADRE – Está Vivo (Live) Album Mp3 Zip
Download niina – Nights – EP Album Mp3 Zip
Download Cross Wires – A Life Extinct Album Mp3 Zip
Download Civil Conflict – Live Fast, Skate Faster Album Mp3 Zip
Download Hamid Sakhizada – Dai Raft (feat. Harpreet Bansal, Birger Mistereggen & Kaveh Mahmudiyan) Album Mp3 Zip
Download Lez Zeppelin – The Island of Skyros Album Mp3 Zip
Download Tupperwave – To You Baby, With Love (Outtakes) – EP Album Mp3 Zip
Download Night Water Project & The P.A. Virtual Ringers – Christmas Favorites Album Mp3 Zip
Download DJ Mshega – Vibez Album Mp3 Zip
Download Tom Roger Aadland – Live i Oslo Konserthus Album Mp3 Zip
Download Adam Maalouf – Path of Time Album Mp3 Zip
Download Liam Burrows – Feel Free Album Mp3 Zip
Download Jacque Jordan – Righteous Anger (A Live Acoustic) – EP Album Mp3 Zip