France's Societe Generale takes hit on Greece
Paris - AFP
French banking giant Societe Generale said Thursday its 2011 net profit slumped 39 percent after taking provisions of 890 million euros on its Greek exposure and a weaker investment bank performance. Net profit for the year came in at 2.38 billion euros ($3.70 billion), well below analyst estimates for 2.72 billion euros. Societe Generale which has announced a series of job cuts at its investment bank unit said it added 162 million euros to its Greek provisions in the fourth quarter and had now covered 75 percent of its exposure to the debt-stricken country.
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:10 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and GazaRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:32 2018 Thursday ,08 November
Student competition exhibition kicks off in Slovakia with Syria’s participation
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 08:37 2018 Tuesday ,02 October
Abdulrahman Altheeb, CEO Scopeer, Saudi crowdfunding platform
GMT 11:19 2018 Tuesday ,16 January
Philippines' Mayon volcano alert raised
GMT 12:55 2018 Sunday ,14 January
Victoria Beckham debuts at London Fashion Week in September
GMT 08:05 2017 Sunday ,12 November
Trump sarcastically responds to Kim Jong Un insults
GMT 05:33 2017 Wednesday ,01 February
Top UN aid official in Yemen voices concern over safety of civilians in Taizz
GMT 09:24 2017 Wednesday ,27 September
UN head welcomes Saudi move letting women drive
GMT 09:10 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projects
GMT 10:37 2018 Wednesday ,07 November
Army thwarts terrorists’ infiltration attempt into military posts in Hama countryside
GMT 14:05 2018 Monday ,05 November
5.9-magnitude quake hits 59km NNW of Otrada, Russia
GMT 16:03 2018 Tuesday ,04 September
HRH Premier receives Bahraini writer
GMT 21:12 2016 Monday ,18 April
Algerian Ministers Meet Palestinian Prime Minister
GMT 06:58 2017 Saturday ,11 February
Syrian Arab women battle IS, social stigma
GMT 21:11 2017 Sunday ,02 July
Qatar may face further sanctions as Gulf deadline approaches
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor