SG posts record profit, completes structured products repositioning

Société Générale has reported record results for 2021. Net banking income, at €25.8 billion, was up 16.7% compared to the previous year. In Q4 2021, the group posted revenues of €6.6 billion, up 13.4% year-on-year (YoY), with a positive contribution from all the businesses. The performance of the global markets’ unit was solid throughout the year. Revenues, at €5 billion it increased by 40.2% compared to 2020, which was heavily impacted by the h