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Societe Generale (SCGLY.PK): Q4 net profit -89% Y/Y to €100M vs. consensus of €317M....

Societe Generale (SCGLY.PK): Q4 net profit -89% Y/Y to €100M vs. consensus of €317M. Reduces exposure to GIIPS sovereign debt to €2.7B, cuts exposure to Greece to €307M, writes down €620M. Core Tier 1 ratio (Basel 2.5) 9.0%. Corporate & investment bank loss €482M. Omits dividend for 2011. Shares -3% in Paris. (PR .pdf)
Comments (1)
  • bbro
    , contributor
    Comments (9485) | Send Message
     
    Societe Generale still has more loans than deposits...very different
    from the Big 4 in the U.S.
    16 Feb 2012, 04:34 AM Reply Like
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