Societe Generale
Article Abstract:
Societe Generale saw a drop in corporate loans of 6% in 1995, though consumer lending improved despite sluggish mortgage lending. Telephone banking is being extended and will reach all the bank's customers by May 1996, which should reduce costs. Operating margins should improve in 1996 as lending stabilises. Societe Generale is affected by problems in the real estate industry, but less than the majority of French banks since it is not heavily exposed to the office market in Paris.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Standard Chartered
Article Abstract:
Standard Chartered saw a rise in non-interest income of 3% for 1st half 1996 when net interest income was up by 23%. The bank's non-interest income is derived from areas such as fees for investment banking and this is a higher quality element of its income. Growth appears to be coming more from simple lending. The bank is seeing most rapid growth in loans and interest in Asia Pacific, though the Middle East and African markets are also seeing growth.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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