France May Have Problems, But Its Banks Are Just Fine

  • Net income rises 8% to 1.46 billion euros in second quarter
  • BNP Paribas, Credit Agricole both also beat profit estimates

A business man checks his mobile device as the Grande Arche stands beyond in the La Defense business district in Paris, France on Tuesday, July 12, 2016. Cities across Europe are eyeing the spoils of the British referendum result, making a pitch to businesses large and small that want to secure access to the single market of the remaining 27 countries of the EU.

Photographer: Christophe Morin /Bloomberg

Societe Generale SA, France’s second-largest bank, reported second-quarter profit that beat analyst estimates, capping a string of positive results for the country’s lenders.

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