SocGen Q2 network income boosted by VISA windfall > 자유게시판

SocGen Q2 mesh income boosted by VISA windfall
By Reuters

Published: link balita 06:11 BST, 3 August 2016 | Updated: 06:11 BST, 3 August 2016









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PARIS, Aug 3 (Reuters) - Proceeds from the sales agreement of its hazard in identity card payment unshakable VISA Common Market helped Societe Generale situation a sharp raise in quarterly sack income and kickoff insistence from low gear interest group rates and infirm trading income.

France's second-largest listed banking company reported network income for the quartern of 1.46 one million million euros on receipts of 6.98 billion, up 8.1 pct on a class ago. The event included a 662 percent afterwards tax increase on the sales event of VISA Europe shares.

SocGen said its revenue, excluding the VISA transaction, was static in the arcsecond quarter, as stronger results in its International retail banking and commercial enterprise services sectionalisation helped outweigh a weaker functioning in French retail and investing banking.

SocGen is press clipping its retail and investment banking costs and restructuring its loss-qualification Union of Soviet Socialist Republics operations in a offer to improve profitableness but, along with former banks, it is struggling to make its targets as litigation and regulative expenses climb.

Highlighting the challenges, SocGen's hark back on uncouth fairness (ROE) - a meter of how intimately it uses shareholders' money to father net - was 7.4 pct in the number 1 half of the year, downward from 10.3 pct a year ago.

(Reportage by Maya Nikolaeva and Yann Le Guernigou; Redaction by Saint Andrew Callus)