SocGen's net banking income at €6.6B in Q4

Thursday, 10. February 2022 09:13

Societe Generale S.A. revealed on Thursday that its net banking income stood at €6.6 billion in the fourth quarter of fiscal 2021, representing a 13.4% increase from the same period a year ago. Gross operating income amounted to €2 billion in the fourth trimester, surging 38.2% compared to the final three-month period in 2020.

Net banking income grew 16.7% from the full fiscal year 2020 to hit €25.8 billion in 2021 and gross operating income soared 52% to €8.2 billion. Earnings per share came in at €5.97 in 2021, improving from a loss per share of €1.02 recorded in 2020.

"2021 marks a milestone for the Societe Generale Group, which achieved the best financial results in its history, enabling it to generate a good level of profitability and offer its shareholders an attractive return... The Group also had a very robust balance sheet at the end of the year, with a very good quality loan portfolio and high capital ratios," CEO Frederic Oudea noted in a statement.

Related Links: Société Générale S.A.
Author:
Baha Breaking News (BBN) / MS