The turnaround effort at Societe Generale yielded healthier capital and liquidity ratios in the second quarter.
The French bank’s Common Equity Tier 1 (CET1) capital ratio surged 50 basis points to 12% at end-June, as the firm offloaded unwanted units, optimised its risk-weighted assets (RWAs) and elected to pay dividends in stock, rather than cash.
SocGen’s liquidity coverage ratio (LCR) – its stock of high-quality liquid assets (HQLA) relative to projected net cash outflows – also climbed
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