Societe Generale posts 13% profit

Listed bank, Societe Generale posted a marginal profit of 13 percent for the first nine months of this year. Its profit went up from GH¢22 million a year before to GH¢25 million.

Net interest income also shot up from GH¢53 million in September last year to GH¢72 million in September this year.

The bank’s balance sheet remained strong as loans and advances increased from GH¢487 million a year before to GH¢690 million at the end of September.

In addition, its earnings per share also shot up from 8 pesewas to 10 pesewas.

The French bank has so far paid more than GH¢622,000 as National Stabilization Levy to government.

It is presently trading at 87 pesewas per share on the Ghana Stock Exchange from 39 pesewas at the beginning of the year.