Quarter after quarter, the good health of French banks is confirmed.
Societe Generale thus recorded the best quarter in its history between July and September, with 1.6 billion euros in profits!
This allows the Banque de la Défense to envisage a record year 2021.
Over the first nine months of the year, it has already generated 3.9 billion euros in results.
By way of comparison, in 2020, over the same period, it recorded a net loss of 728 million euros.
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“These excellent results were driven by all the businesses,”
says Frédéric Oudéa, CEO of Societe Generale.
In fact, in the third quarter, its net banking income - the equivalent of turnover - jumped 15%.
“The planets are aligned for Société Générale
,” notes Jérôme Legras, head of research at Axiom AI.
Corporate and investment banking revenues are boosted by the very good economic situation on the financial markets and banking
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