Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
French banking group Societe Generale beat forecasts with its second-quarter earnings, which more than doubled from the same period a year ago. Second quarter net profit came in at 955 million euros ($1.26 billion), above a Reuters consensus of 703 million euros, from 436 million euros in the same period last year.
"I'm very happy with business performance on the French retail, strong growth of revenues plus 3 percent," chief executive Frédéric Oudéa told CNBC. "Good monitoring of costs and a strong improvement of gross operating income...so that's very positive."
The bank's shares closed around 10 percent higher on Thursday.