“Societe Generale inspires trust once more”
The bank’s CEO Frédéric Oudéa stressed balance-sheet solidity after a thorough transformation and despite a 476 million euro loss in Q4, in his interview with Figaro Bourse.
This page contains the Group's main media interventions.
"In the past year, we have stepped up the profound transformation of our business lines, while standing beside our customers and financing the economy." Interview with Frédéric Oudéa, Chairman and CEO of the Group in the daily business newspaper Les Echos.
Interviewed by Jean-Pierre Elkabbach, Societe Generale CEO Frédéric Oudéa stressed that as far as Greece is concerned, "the most likely scenario is that Greece will remain in the euro zone". Regarding a possible exit, "from a financial point of view, the impact would be manageable". Frédéric Oudéa also insisted that he was "not at all worried for the French banks". However, he said it was vital "to be able to convince everyone that we want to build the euro zone together". He noted that "we French banks are continually increasing our supply of credit to the economy". "We are lending!” he emphasised".
Frédéric Oudéa, CEO of Societe Generale, told CNBC that "the main objective was to manage capital and the great success at the end of the year was to be in line with the objective of the European Banking Authority, 9% Core Tier One in Basel 2.5, six months before schedule."
Interview with Jean-François Sammarcelli, Deputy CEO of Societe Generale on BFM Business radio: “We have achieved our priority objective of meeting the European Banking Authority’s capital requirements of 9% by end of June. We were over 9% by end of December, six months ahead of schedule. It’s a crucial point of those results.”
This year, the World Economic Forum held in Davos Switzerland from the 25 to 29 of January, is about transforming the future of the world economy and shaping new business models. The world's business and political leaders get together each year at this annual event to discuss and exchange ideas. Watch Frédéric Oudéa's interview on CNBC from the World Economic Forum.