Societe Generale Q3 Net Income Rises 24.1% to €1.888 Billion on Higher Net Banking Income

Societe Generale S.A. (SCGLF.PK, SCGLY.PK) reported Thursday that third-quarter group net income climbed 24.1% to €1.888 billion from €1.521 billion a year earlier, lifted by growth in net banking income. Operating income rose 20.1% to €2.673 billion from €2.226 billion. Net banking income grew 7.8% to €7.173 billion, or 8.4% at constant perimeter and exchange rates. French Retail, Private Banking and Insurance revenues increased 10.9% to €2.531 billion, while Global Banking and Investor Solutions revenues rose 12.5% to €2.777 billion.