Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

SocGen, Credit Agricole Report Earnings

SocGen, Credit Agricole Report Earnings

Societe Generale (SocGen) reported an underlying group net income of €1.6bn ($1.7mn) on revenues of €7.3bn ($7.7bn), up 16.6% YoY. It said that all businesses witnessed “good momentum”. Its French Retail Banking revenues were up 6.4% YoY, International...
SocGen, Credit Agricole Report Earnings

Credit Agricole’s Profits Double

French bank Credit Agricole SA reported a rise in Q2 net income to €1.97bn ($2.3bn), up 2.1x YoY and its highest since 2007. Profits were helped by expected loan loss provisions falling 67% to €279mn ($330mn). While the bank’s corporate and investment banking (CIB)...
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