Societe Generale 2015 net profit up almost 50% to 4 bn euros

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Paris (AFP)

French bank Societe Generale on Thursday reported its net profit rose almost 50 percent to 4 billion euros in 2015, compared to a year earlier.

The results beat analyst expectations, but the bank warned it would fall short of its target for a 10 percent return on equity this year due to tighter regulations and a difficult economic environment.