Societe Generale announced on Wednesday February 8 net banking income (NBI), equivalent to turnover, up 8.8% last year compared to 2021, to 28.06 billion euros, but its profit net was divided by nearly three due to the hasty disposal of its Russian subsidiary Rosbank in the 2nd quarter.
The latter amounted to 2.02 billion euros last year, a year described as “
a decisive step for the group
” by the general manager Frédéric Oudéa, quoted in a press release.
Without the impact of the departure from Russia, the bank's net profit would have remained at the record level of 2021, when it reached 5.6 billion euros.
