SocGen leads EU banks on trading asset gains

- By Louie Woodall and Abdool Fawzee Bhollah
- 27 Dec 2019

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The European Banking Authority (EBA) disclosed that French lender Societe Generale posted the most gains from trading assets in the first half of 2019 of the 20 largest banks in the European Union-wide transparency exercise.

The bank posted net operating income from assets held for trading of €8.7 billion ($9.7 billion) for the six months to end-June. This was equivalent to 74.5% of its net operating income. Net losses on financial assets and liabilities designated at fair value through profit

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