Société Générale: Q3 earnings down 35%
(CercleFinance.com) - The French bank Société Générale has reported Q3 2019 net income, group share of 854 million euros, down 34.
8%, with underlying EBITDA of 1,666 million, down 22.7%.
Restating for the revaluation of Euroclear securities, net banking income fell by 4.4% (-3.7% like-for-like), with a fall in revenues at its global banking and investor solutions business.
At 30 September 2019, the bank's unphased Common Equity Tier 1 ratio reached 12.5%, up 46 basis points from 30 June, while its leverage ratio reached 4.4%, up seven basis points over three months.
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