Societe Generale Q1 2024 Earnings Results

Societe Generale reported first quarter 2024 financial results with group net income of EUR 680 million, a cost/income ratio of 74.9%, and a CET1 ratio of 13.2%. The bank executed key strategic initiatives including agreements for disposals of equipment finance and Moroccan operations, with cost of risk at 27 basis points in line with guidance.