The investment bank reported €24.67 billion in annual net banking income for 2019, a 2.1% fall from its 2018 figure of €25.21 billion. The company attributed the decrease to a base effect in the corporate centre, with the stability of businesses’ net banking income.
However, Société Générale did report a 4.8% quarter-on-quarter jump in net banking income of €6.21 billion during the fourth quarter. According to SRP data, the bank issued 26,484 structured products in the final quarter, sliding to seventh place in terms of public offering product issuance in the retail space, from second place in the previous quarter. Vontobel took the lead and launched 49,378 structured products. The bank reduced the group’
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