Société Générale closed the third quarter of 2017 with a net profit down by 15,2% on an annual basis, at 932 million euros. result was lower than the estimates of analysts, who expected a net profit of 1 billion.
The net profit was penalized by higher provisions of 300 million made by the French bank for the resolution, in the coming months, of two legal disputes in the United States.
In the same period, revenues from banking activity amounted to 5,9 billion euro, substantially stable, while the CeT1 Capital ratio reached 11,7%.
