Source: www.reuters.com
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PARIS (Reuters) - French lender Societe Generale reported on Thursday a nearly quadrupling in fourth-quarter profit on lower pandemic-related charges and a rebound in retail banking and equity trading.
Net income was 1.79 billion euros in the quarter from 470 million a year ago, with the cost of risk, reflecting provisions against bad loans, down by 87.5%, the bank said in a statement.
Reporting by Matthieu Protard; Editing by Clarence Fernandez
