Societe Generale, the most African of French banks, in the red

Frédéric Oudéa, CEO of Société Générale.

Societe Generale accuses the coronavirus and sees its action lose 7%, Thursday, April 30, on the Paris Stock Exchange. The French bank, which advanced the date for the publication of its quarterly results by six days, said in a statement that its net banking income fell 16.5% between January and March to 5,170 million euros. The group led for twelve years by Frédéric Oudéa now anticipates, for the whole of 2020, a

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Journalist for 20 years in the African economic press and author of several surveys and reports. Covered several summits of the African Union, the African Economic Commission and the African Development Bank.

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