Societe Generale on Wednesday reported a 31% drop in second-quarter net profit, missing analysts' forecasts, as France's second-largest bank set aside money for the Greek rescue plan and warned that its 2012 target could take longer to achieve.

Societe Generale said second-quarter net profit fell to €747m from €1.08bn in the same period of 2010, falling short of the average €993m analysts were expecting.

Societe Generale second quarter net profit falls

French bank warns it could take longer to achieve its 2012 net-profit target of €6bn after posting weaker than expected results

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Societe Generale

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