Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Societe Generale 2012 net income declines to EUR774m

Societe Generale group has reported that its net income was €774m for the year 2012, down by 67.5% from €2.38bn during the same period in 2011.

Net banking income summed up to €23.1bn, with a decrease of 9.9%, or 10.3% on a like-for-like basis, from €25.6bn during the same period last year.

Gross operating income for the year stood at €6.67bn, down by 22.4% compared to €8.6bn during the corresponding period earlier year.

Earnings per share amounted to €0.64 for 2012, after deducting interest payable to holders of deeply subordinated notes and undated subordinated notes.

The group’s Tier 1 ratio was 12.5% at 31 December 2012, compared to 10.7%; while the Core Tier 1 ratio touched 10.7%, from 9% last year.

Societe Generale has a workforce of nearly 160,000 employees based in 77 nations, who manage 33 million customers throughout the world on a daily basis.

The group provides advice and services to individual, corporate and institutional customers in three core businesses including retail banking in France; international retail banking in Central & Eastern Europe and Russia, Asia among others; and corporate and investment banking.