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Société Générale in Q2 profits boost

Société Générale - Profits boost
Société Générale - Profits boost

French bank Société Générale has posted second-quarter net profits that were more than triple last year and higher than expected at €1.084 billion.

The figure was much higher than the €777m forecast by analysts.

The bank, which has fixed itself a target of €3 billion annual profits, has already achieved €2.1 billion in the first six months of the year.

Société Générale lost billions of euro in a rogue trade scandal in 2008.