Société Générale: 8.4% rise in underlying net income
(CercleFinance.com) - Société Générale has published Fy 2017 underlying net income, group share, that is up 8.
4% at 4,491 million euros, with underlying net banking income that is up 0.5% at 25,062 million euros.
It boasts strong commercial momentum in retail banking in France in a context of low interest rates, a record contribution from international financial services and retail banking, and resilience of banking for large corporate clients and investor solutions.
At 31 December 2017, the unphased CET1 ratio reached 11.4% (vs. 11.5% at end-2016) and EPS, excluding non-economic items, reached 2.98 euros (4.55 euros at end-2016). A dividend of 2.20 euros per share will be proposed at the group's AGM.
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