Société Générale net profit doubles

French bank opens up 3.6% after better-than-expected Q3

Société Générale on Wednesday said net profit doubled in the third quarter on lower bad loan provisions and growth in international retail banking, and said it will be able to comply with new banking regulation in 2013 without raising fresh capital.

The bank, France's second-largest by market capitalisation after BNP Paribas, said net profit in the three months to September 30 rose to €896m from €426m a year earlier, beating analyst expectations of €716m.

WSJ Logo