Societe Generale 4Q Net Beats Estimates

Main points after the results

Co. says in a statement it will keep increasing the dividend from 2017.

• Co. to maintain 50% dividend payout ratio

• Co. books EU235M 4Q charge tied to sale of Croatian unit

• Co. books EU286M 4Q charge from review of DTAs

• Co. sets aside EU150M for provision for unspecified legal risks

• 4Q GBIS net EU432M, up 51%

• 4Q equities trading revenue rises 13% to EU509M

• 4Q debt trading revenue rises 6.8% to EU551M

• 4Q Intl retail banking and financial services profit EU438M, up 50%

• SocGen to keep controlling stake in ALD after IPO

• 4Q cost of risk drops 58% to EU486M

• Co. agrees to complete purchase of Aviva 50% stake in Antarius