French bank Societe Generale on May 4 reported an increase in first-quarter net profit, as a debt valuation adjustment and a strong retail banking performance helped offset lower trading revenue from choppy markets.
The Paris-based lender, France's third-largest listed bank by assets, said net profit rose 6% to €924 million ($1.06 billion) in the three months through March, from €868 million a year earlier. Revenue was down 3% at €6.18 billion.
