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Societe Generale sees 20% revenue decline

Societe Generale sees 20% revenue decline

Mubasher: Societe Generale on Thursday said that its revenue in the fourth quarter of 2018 was impacted by challenging conditions in global capital markets.

Soc Gen projects revenue in its global markets and investor services division to drop by 20% in the fourth quarter and by 2018 for full last year.

The French bank said the performance of its retail banking and financial services business along with its advisory division should be solid between October and December 2018.

The lender proposed a dividend of EUR 2.20 ($2.51) per share, and the shareholders would be provided the option of a dividend payment in shares.