socgen says 2016 profits hit by croatian sale
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

SocGen says 2016 profits hit by Croatian sale

Arab Today, arab today

Arab Today, arab today SocGen says 2016 profits hit by Croatian sale

French bank Societe Generale
Paris - AFP

French bank Societe Generale on Thursday reported a drop in earnings last year, due to losses linked to the sale of its Croatian subsidiary and accounting expenses.

Societe Generale said in a statement that its bottom-line net profit amounted to 3.87 billion euros ($4.13 billion) in 2016, down 3.2 percent on the year.

The figure nevertheless beat forecasts by analysts surveyed by Factset who predicted net profit of 3.6 billion euros.

The drop was due largely to losses of around 235 million euros on the sale of its Croatian subsidiary Splitska Banka as well as tax and accounting items.

The group also announced it intended to list on the stock exchange its vehicle leasing subsidiary ALD Automotive.

"The quality of the Societe Generale group's results in 2016 reflects the good commercial and operating performances in all its businesses and in an uncertain environment," said CEO Frederic Oudea.

"In an economic environment that is less buoyant and much more demanding on the regulatory front, we have simplified our banking model, optimised capital allocation and continued to invest in the businesses of the future, as we undertook to do in our 2014-2016 strategic plan."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

socgen says 2016 profits hit by croatian sale socgen says 2016 profits hit by croatian sale

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

socgen says 2016 profits hit by croatian sale socgen says 2016 profits hit by croatian sale

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 05:20 2011 Thursday ,25 August

\"I surrendered revolutionaries\"

GMT 11:42 2016 Sunday ,25 December

Kenyan economy grows by %5.7 in 3rd quarter

GMT 15:56 2017 Saturday ,12 August

Odebrecht scandal reaches Peru's Keiko Fujimori

GMT 16:58 2017 Sunday ,06 August

Fans hail Neymar as PSG stroll to opening win

GMT 03:35 2011 Friday ,04 March

Skiing without the crowds in Monterosa

GMT 07:35 2016 Tuesday ,17 May

Obama Hiroshima trip stirs debate

GMT 13:59 2017 Thursday ,23 November

Heidy underlines works like “Seventh Neighbor”

GMT 21:50 2016 Sunday ,11 December

China Launches New-Generation Weather Satellite

GMT 02:12 2018 Friday ,19 January

Djokovic survives brutal Melbourne heat test

GMT 19:28 2011 Sunday ,06 November

4 Best Kamasutra sex positions

GMT 19:51 2016 Sunday ,04 September

Earthquake Strikes Southern Philippines

GMT 12:46 2016 Tuesday ,19 July

For Rio-bound Stosur, Zverev

GMT 14:31 2017 Monday ,30 January

Palestinian youth killed, 5 injured at Jenin camp

GMT 09:14 2016 Saturday ,04 June

Reduced supply-demand gap would improve prices

GMT 14:41 2017 Thursday ,21 September

Kenyan election delayed to October 26: polls commission
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday