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Societe Generale 2015 net profit up almost 50% to 4b euros

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French bank Societe Generale on Thursday reported its net profit rose almost 50 per cent to four billion euros (S$6.28 billion) in 2015, compared to a year earlier.

[PARIS] French bank Societe Generale on Thursday reported its net profit rose almost 50 per cent to four billion euros (S$6.28 billion) in 2015, compared to a year earlier.

The results beat analyst expectations, but the bank warned it would fall short of its target for a 10 per cent return on equity this year due to tighter regulations and a difficult economic environment.

AFP

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