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Arab unrest hits profits at Société Générale

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Arab unrest hits profits at Société Générale

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First-quarter profits at Société Générale dropped short of expectations as the bank suffered as a result of the unrest in the Arab world.

France’s second-biggest listed bank is the most exposed European financial institution in Egypt and North Africa.

The bank expects things to improve in the coming quarters, but there are those around who doubt it.