Markets in central and eastern Europe have better growth prospects than France, and the Czech market is among most competitive on the continent, Societe Generale SA Chief Executive Officer Frederic Oudea cited as saying in interview in Hospodarske Noviny newspaper. *Says SocGen’s Czech unit Komercni Banka is company’s “biggest, best bank outside France”: Hospodarske *Says economic crisis in euro area is over as problem countries returned to financial markets: Hospodarske
Societe Generale SA, France’s second-largest bank, more than doubled a dividend payout to shareholders as fourth-quarter profit beat analysts’ estimates, helped by earnings at consumer banking units. The shares rose the most in more than six months.
In a locked room on the 33rd floor of Societe Generale SA’s 36-story headquarters in western Paris, members of the bank’s fraud control team peer at their computers, scrutinizing the trades being executed by dealers in eight trading rooms on the floors below.
Societe Generale SA, France’s second-largest bank by market value, would be able to meet tougher leverage rules by reducing its cash deposits at central banks, Chief Executive Officer Frederic Oudea said.
Societe Generale SA Chief Executive Officer Frederic Oudea said global plans to list banks deemed systemically important and make them hold extra capital may backfire by creating more lenders that are too big to fail.
Societe Generale SA, France’s third-largest bank by assets, said it could resist a freeze in dollar financing from U.S. money-market funds, which cut their lending to European banks amid the euro debt crisis.