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BRIEF-SocGen to book 570 mln eur in exceptional charges in Q4
November 27, 2017 / 9:24 PM / 16 days ago

BRIEF-SocGen to book 570 mln eur in exceptional charges in Q4

Nov 27 (Reuters) - Societe Generale Sa:

* ‍NET EFFECT OF THESE TAX CHANGES, WHICH ARE EITHER EFFECTIVE OR HAVE BEEN SUBMITTED FOR FINAL PROMULGATION, COULD RESULT IN GROUP BOOKING A CHARGE OF APPROXIMATELY EUR -170 MILLION IN Q4 17​

* ‍GROUP WILL REFLECT, IN ITS Q4 17 ACCOUNTS, EFFECTS OF ALL TAX CHANGES EXPECTED IN Q4 17: * REFUND OF ADDITIONAL 3% CONTRIBUTION ON DIVIDENDS, WHICH WAS REJECTED BY CONSTITUTIONAL COUNCIL​

* ‍FRENCH RETAIL BANK REORGANISATION, AS WELL AS ACCELERATION OF PROGRAMME TO OVERHAUL CERTAIN ASPECTS OF COMPLIANCE FRAMEWORK, WILL RESULT IN GROUP RECORDING AN EXCEPTIONAL CHARGE OF AROUND EUR -400 MILLION IN Q4 17​ Further company coverage:

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