SUBSCRIBERS

Societe Generale's car-leasing returns dwarf banking

Published Wed, Nov 2, 2016 · 09:50 PM

Paris

TO find Societe Generale SA's most profitable business, don't look to its trading floors or executive suites in Paris or London, but to gritty parking lots in Lyon, Helsinki and Sao Paulo.

France's No 2 bank, whose mathematical prowess made it a world leader in equity derivatives, generates its best returns from a more prosaic business: leasing fleets of vehicles.

Share with us your feedback on BT's products and services