Monthly report, July 2010
- A LA UNE
>> Societe Generale named “Best Bank” in Central and Eastern Europe
Societe Generale has been named “Best Bank” in Central and Eastern Europe in the prestigious Euromoney Awards for Excellence, which recognize banks’ leadership, innovation and momentum.
>> 300 million euros in loans to support SME investment
The Group and the European Investment Bank (EIB) have just set up a new line of credit worth 300 million euros aimed at supporting small and medium-sized French companies’ investments.
>> Global Employee Share Ownership Plan 2010: results of the 23rd capital increase reserved for employees
The Global Employee Share Ownership Plan 2010 was offered to 145,000 current and former employees in 63 countries. Nine new entities were able to take part in the operation for the first time. Despite a difficult stock market environment, the operation in 2010 remained attractive due to the favorable company contribution policy. Some 44,000 current and former employees took part in the plan, amounting to a total subscription of 159 million. In France, the subscription rate remained high with more than half of Societe Generale employees taking part.
- OUR BUSINESSES
>> ALD Automotive launches an eco-driving application for iPhones
For several years, ALD Automotive has been involved in promoting economical and eco-friendly driving to businesses. With the creation of ALD ecodrive, a fun and educational iPhone application, ALD Automotive aims to raise the awareness of all drivers.
>> SGSS & NBAD to Expand Securities Services Coverage
Societe Generale Securities Services (SGSS) and the National Bank of Abu Dhabi (NBAD), the number one Bank in the United Arab Emirates (UAE), have signed a commercial agreement which capitalises on their recognized abilities to provide extensive securities services in their respective regions.
>> Societe Generale Securities Services and Credit Suisse Form Partnership for Asset Management Fund Services
Societe Generale Securities Services (SGSS) and Credit Suisse (Deutschland) AG have signed an agreement on a partnership under the terms of which SGSS will provide Credit Suisse Asset Management in Germany with comprehensive fund administration services.
>> Societe Generale and the Econocom Group have entered into exclusive negotiations with a view to the acquisition of ECS by Econocom
Econocom’s offer would value ECS shares at €210 million (including the 2009 dividend to be paid to the seller), 30 million of which would be financed through an Econocom share issue underwritten by Societe Generale. After this transaction, Societe Generale would own 9% of Econocom’s share capital.
- HUMAN RESOURCES
>> Societe Generale and disability: changes over the last 2 years
Our employees say that they are now more ready to integrate disabled colleagues. However, they still feel that they are lacking some of the necessary tools.
>> Welcome to SGeneration!
A Societe Generale blog…what kind of idea is that? Here at Societe Generale, just like everywhere else, we want to express ourselves and let the people who really make up the Group have their say. Maybe this is your chance to see a different company behind the logo, the numbers, and all of the current news stories. Most important, this could be the chance to re-start the dialogue between those of us who work for the group every day and all of you, whoever you may be!
>> Société Générale presents the 17th Evian Masters
For the 3rd year running, Société Générale is the Presenting sponsor of the Evian Masters ladies golf tournament, one of the most prestigious events on the ladies tour.