Société Générale's trading revenues are affected by a "difficult" market

French bank Societe Generale said its fourth-quarter results would be affected by "disposals and a difficult environment in the global financial markets," as volatility in market conditions shocked banks around the world.

"The challenging market environment in the global financial markets is expected to result in a decline in global markets and investor services revenue of about 20% in the fourth quarter of 2018 compared to the fourth quarter of 2017, and 39, about 10% in 2018 compared to 2017., as well as a significant increase in risk-weighted badets in the market, "said the bank in a statement Thursday morning.

According to relatives of the bank, the decline in income is linked to general market conditions and not to specific products.

The lender added that it would also take an "extraordinary charge" of around € 240 million due to disposals, including the sales of Societe Generale Serbia and the group's interest in La Banque Postale Financement.

US banks have already suffered from the difficult business environment. Earlier this week, turbulent markets caused a sharp decline in JPMorgan Chase's bond and currency trading revenues, with a 16% decline in fixed income trading revenue for the fourth quarter.

SocGen has stated that its core capital ratio, a key indicator of the strength of its balance sheet, should be between 11.4 and 11.6%. He also said that his dividend for 2018 would be stable at 2.20 euros per share.

SocGen Reports Fourth Quarter and Full Year Results on February 7th.