Societe Generale sees profits dive in second quarter

PARIS - Societe Generale, one of France's three biggest banks, saw its profits dive 63 percent in the second quarter because of the current financial crisis, it announced on Tuesday.

By (AFP)

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Published: Tue 5 Aug 2008, 12:16 PM

Last updated: Sun 5 Apr 2015, 11:49 AM

The bank's net profit was 644 million euros (1.0 billion dollars) in the second quarter of 2008 against 1.744 billion a year earlier.

In the first six months of the year, profits were 1.71 billion euros, only about half of what they were for the same period in 2007.



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