SG profits boosted by interest rate and forex structured solutions
Société Générale's latest results highlight contribution of interest rate and foreign exchange structured products.
Société Générale extended its structured products activities to include interest rate and foreign exchange solutions during 2010, boosting its profits from financial and advisory by 3.5% compared to the previous year. At the same time, revenues for global markets were down 32.9% on the year. Overall, the French bank was able to declare revenues of €26.4 billion in 2010, a 20.1% rise on the previous year.
Equity revenues were €2.47 billion – a 28% fall year on year – with the bank noting
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