Like rivals, including Spain's BBVA and BNP Paribas which slashed provisions, the lender said its cost of risk - that reflects provisions against loan loss - was down 66.8%, while revenue rose by 18.8%
Shares in SocGen have gained 38.5% since the beginning of the year after a 45% slump in 2020. Its share price has more than doubled since its lowest at 10.77 euros on Sept. 30.