Societe Generale Private Banking reports €116.5bn AUM

Societe Generale has reported that its private banking subsidiary has €116.5bn in assets under management at end-June 2015, up 0.7% compared with H1 2014.

The firm explained that positive net inflows and favourable market effects have contributed to the growth.

Net banking income has risen by 2.1% in Q2 2015 and 11% in H1 15 to €440 m.

Societe Generale said that the revenues of the asset and wealth management business have totalled €258m in Q2 2015, stable in absolute terms versus Q2 2014.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!