PARIS—France’s Société Générale expects penalties relating to its dispute with U.S. authorities over international sanctions violations to be about 1.2 billion euros ($1.4 billion), which would almost entirely be covered by provisions.
“Société Générale expects that the amount of the penalties in the U.S. Sanctions Matter will be almost entirely covered by the provision for disputes allocated to this matter,” the bank said in an update released on Sept. 3.
