Societe Generale third-quarter results beat expectations on Thursday after the company reported a 32 percent jump in its net income from last year.
The bank's net income stood at 1.2 billion euros in the third quarter of 2018, beating analysts expectation of 955 million euros for the quarter, according to data firm Refinitiv.
The French bank reported a net income of 932 million euros in the third quarter of 2017.
Here are some of the key highlights of the latest quarter:
- Net banking revenue stood at 6.5 billion euros versus 5.9 billion a year ago
- Operating expenses rose to 4.3 billion euros from 4 billion a year ago
- Common Equity Tier 1 ratio at 11.2 percent versus 11.4 percent at the end of 2017
"Our revenues increased due to the confirmed growth in International Retail Banking & Financial Services and the healthy momentum in Financing & Advisory and market activities," Fréderic Oudéa, the Group's chief executive officer, said in a statement.