France-based Société Générale (SocGen) has
posted strong full year group net income of €3.9bn, compared to
€678m in the prior fiscal.
SocGen’s domestic retail banking division
posted net income of €1.2bn for the twelve months to 31 December, a
22.4% rise from a year ago.
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In France, the number of customers at the
bank’s three banking franchises (SocGen, Credit du Nord and
Boursorama) grew by 3.9% in 2010 to 10.7m.
SocGen’s international retail banking business
generated net income in fiscal 2010 of €492m, up 7.5% from a year
ago.
The number of international retail banking
customers rose to 12.3m, an increase of 1.7% compared to fiscal
2009.
SocGen’s chief executive, Frédéric
Oudéa, predicted group net income to reach €6bn in
fiscal 2012.
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By GlobalDataThe bank ended the year with total assets of
€1.13tr, an 11% rise compared to year-end 2009.
Société Générale subsidiary, BRD, Romania’s second-largest bank by
assets, has posted a net profit of RON501m ($158.8m) for the 12
months to 31 December, a fall of 31% compared with the prior
year.
Spanish rival Santander
reported an 11% increase in UK pre-tax profits for fiscal 2010 to
£2.3bn.
UK-based Barclay’s Global Retail Banking (GRB) unit has
posted profit before tax of £1.83bn ($2.95bn) for the 12 months to
31 December, marginally ahead of the £1.82bn reported the
previous year.
