(MENAFN- AFP) French "rogue trader" Jerome Kerviel was ordered Friday to pay 1.0 million euros ($1.12 million) to his former employer Societe Generale, which lost 4.9 billion euros through his trades.
The appeals court in Versailles, outside Paris, said Kerviel, 39, was "partially responsible for the loss" which brought the French banking giant to the brink of bankruptcy in 2008.
Jean Veil, a lawyer for Societe Generale, said the ruling was "completely satisfactory".
The court could have ordered Kerviel to pay the entire 4.9 billion euros or not a single centime -- which would have been a humiliating defeat for the bank.
Kerviel, who was convicted of breach of trust, forgery and entering false data for the trades, was sentenced to five years in prison, two of which were suspended.
In total he actually spent only 150 days in prison.
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