Frederic Oudea, the chief executive of Societe Generale (SocGen), the French bank which performed worse than expected in important tests of financial strength, played down the tests' importance as the bank reported a rise in income fueled by the sale of VISA Europe.
SocGen shares rose by around 4 percent in early trading on Wednesday after the results were announced.
Oudea told CNBC Wednesday: "The stress tests need to be taken for what they are and not more than what they are. It's a one-point picture. What we are doing is further transforming the model and further increasing our core tier 1. I'm very confident we have a buffer above the minimum regulatory level, and we are going to further build that."