Net profits stood at 2.0 billion euros ($2.15 billion), representing just over a third of the record 5.6 billion euros earned in 2021. However, revenues reached a record high of 28.1 billion euros, reflecting an 8.8 percent increase. CEO Frederic Oudea acknowledged the challenging environment but emphasized the group's ability to deliver strong underlying performances. Excluding the three billion euros written off due to the Russian unit's exit, Societe Generale would have achieved a net profit similar to the previous year. Despite the profit decline, the bank announced a shareholder payout of 2.25 euros per share. Retail banking operations experienced a revenue increase of 4.1 percent to 8.8 billion euros, while profits declined to 1.5 billion euros. The financing and investment segment witnessed a revenue surge of 14.3 percent to $10.8 billion, with profits rising by 20 percent to 2.4 billion euros.
