Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

George Weah sworn in as Liberia's president

Read more

BUSINESS DAILY

Davos 2018: Global risks threaten optimistic outlook

Read more

BUSINESS DAILY

Davos 2018: Business leaders report record-breaking optimism

Read more

IN THE PAPERS

Shark canapés, vodka and Russian models: How Davos parties at night

Read more

IN THE PAPERS

La Grande Crue of the mountains? Winemaker ages his bottles in French Pyrénées

Read more

MEDIAWATCH

'Social media influencing' under the spotlight

Read more

BUSINESS DAILY

Davos 2018: IMF raises global growth forecasts

Read more

THE DEBATE

The rift over Jerusalem: Pence in Israel as Abbas seeks EU support

Read more

ACCESS ASIA

Why Hong Kong produces 200,000 tons of electronic waste per year

Read more

Business France

Société Générale expects to post strong profits

Latest update : 2009-01-21

French bank Societe Generale said it expected to announce net profits worth 2 billion euros for 2008 despite the rogue trader scandal and the mounting banking crisis. The bank's shares shot up by over 5% in initial trading.

AFP - French bank Societe Generale signalled a strong profit performance for 2008 on Wednesday, and the price of its shares jumped 5.56 percent in initial trading on the stock market here, having slumped on Tuesday.
  
Societe Generale said it expected to report a net profit for 2008 of 2.0 billion euros (2.6 billion dollars).
  
Shares in the group, hard hit by controversial trading losses 12 months ago, surged by 5.56 percent to 26.01 euros in initial trading. The overall CAC 40 index of leading shares was showing a fall of 0.83 percent.
  
On Tuesday, the bank's shares had fallen by 13.67 percent.

Date created : 2009-01-21

COMMENT(S)