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Societe Generale: Fourth quarter & 2020 full year earnings

Written by Customer Service on . Posted in Public Companies.


Press release
Paris, February 10th 2021Q4 20: CONFIRMATION OF THE IMPROVEMENT OF THE COMMERCIAL AND FINANCIAL PERFORMANCES
Resilience of revenues in an environment still marked by the crisis (+1.6%* vs. Q3 20, -2.3%* vs. Q4 19)
Continued discipline in cost management (-3.0%(1)* vs. Q4 19) with a positive jaws effect
Cost of risk at 54 basis points resulting from the very good performance of the loan portfolio while including prudent provisioning
Underlying Group net income of EUR 631m (EUR 470m on a reported basis)

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