Société Générale generated a net profit of 2.5 billion euros in 2023. But its fourth quarter results plunged 60% year-on-year.
Revenues fell by 7.6%. The group's profitability on equity fell to 4.2%. “2023 was a year of transition and transformation,” summarized Slawomir Krupa, the bank's general director. The bank has started to clean up its Africa portfolio again from Equatorial Guinea, Chad and Mozambique.