Divisionally, SocGen had the largest revenue decline at in French retail banking, which fell 11% in the quarter

Societe Generale reported a drop in first-quarter revenue driven by a decrease in net interest margin in France, but a rise in its quarterly profit.

The French bank said on 12 May that it made €868m ($947.6m) in net profit in the first three months of 2023, compared with €821m a year earlier.

Pierre Bertrand

Societe Generale

FactSet

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Societe Generale reports Q1 revenue drop

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