French lender Societe Generale reported a 7.8 percent rise in net profit on Friday, to 1.030 billion euros ($1.38 billion), while adding to its litigation provisions.
The second quarter figures for the bank - France's second-largest by market value - saw revenue slip to 5.9 billion euros, a fall of 3.7 percent. The group said that the net cost of risk - a measurement of the costs of risk management compared to the bank's sales and assets - was markedly lower. Income was buoyed by an increased stake in the brokerage firm Newedge, it added.
The results also show a bounce back from a profit drop in its first quarter. Then, the group reported a 13.3 percent drop in first-quarter net income, as it booked a 525 million euro writedown on Rosbank, its Russian banking arm, as the crisis in Ukraine weighed on profits.