Societe Generale increased its quarterly profit by 13.8%

The French bank Societe Generale in the first quarter of this year increased its net profit by 13.8% year-on-year to 850 million euros. Experts had predicted the figure at 811.5 million euros. Quarterly revenue of the bank amounted to 6 billion 294 million euros, 2.8% down. Analysts had expected revenue of 6 billion 470 million euros. Revenue from operations with fixed-income assets, currencies and commodities declined by 31.1% year-on-year, from operations with shares and premium services - by 10.7% year-on-year. The retail banking business in France reduced its revenue by 0.7%.

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