Societe Generale has reported a net income of E87 million for the fourth quarter of 2008, compared to a net loss of E3.35 billion in the same quarter of 2007.
Net banking income for the fourth quarter of 2008 was E5.49 billion, an increase of 41.6%, compared to E3.88 billion in the same quarter of 2007. The group’s return on equity after tax for the fourth quarter of 2008 was 0.4%.
Net income for 2008 was E2.01 billion, compared to E947 million in 2007. Net banking income for 2008 was E21.87 billion, a decrease of 0.3%, compared to E21.92 billion in 2007. Group return on equity after tax for 2008 was 6.4% in 2008, compared to 3.6% in 2007.
L.D.