cent in Q2
Société
Générale’s financial services division has posted Q2 net
banking income results of €824m compared with €688m for
the same quarter last year, a rise of nearly 20 per cent.
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The division – which includes equipment finance, operational
vehicle leasing and fleet management and IT leasing and management
– is a core activity alongside retail banking arm, and generates a
significant proportion of revenue, around 66 per cent in H1 08 and
61 per cent for the same period last year.
Of the results Frédéric Oudéa, the group’s CEO, said: “During a
H1 marked by a crisis on an exceptional scale, financial services
and retail banking continued to grow. Société Générale will
continue to purse its strategy despite an environment that is
likely to remain difficult.”
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