The private banking business of French bank Societe Generale has reported net banking income of EUR240m for the first quarter of 2015, an increase of 16% compared to the year ago quarter.
The business’s assets under management were EUR118.1bn at 31 March 2014, an improvement of 9.7% compared to the previous quarter ended 31 December 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The revenues of the bank’s asset and wealth management division, which contains private banking business line, totalled EUR298bn, up 14.2% year-on-year.
Overall, the banking group posted net banking income of EUR6.35bn for the first quarter of 2015, an increase of 12.3% compared with EUR5.65bn in the year ago quarter.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
