Although, the bank’s operating income for the latest quarter period registered 36% growth to EUR1.4bn compared to EUR1.07bn during the corresponding period earlier year.
The Group’s net banking income for the current quarter of 2012 totaled EUR6.3bn, down 3.6% from EUR3.5bn during the same period a year ago.
Société Générale faced a series of charges related to previous acquisitions, including a EUR250m writedown on Rosbank in Russia, which impacted its margin adversely, the French lender said.
The banks said its core Tier 1 capital ratio, which is a key measure of financial health, was on target to reach between 9 and 9.5% by end 2013, as part of the international Basel III agreement to beef up the financial sector capital.
