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

|About: Societe Generale ADR (SCGLY)|By:, SA News Editor
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)