1st Quarter 2016 Results
“In a more challenging environment at the beginning of the year than last year, the Group generated sound results in Q1 2016, illustrating the benefits of its diversified and highly
integrated business model, which is reflected in the constantly increasing synergies between
With a sound balance sheet and robust solvency ratios, the Group is confident about its outlook for 2016, and will continue to invest in its growth drivers, while at the same time rigorously managing its costs and risks.”
Frédéric Oudéa, Chief Executive Officer
Client-centric business model generating synergies
By combining its numerous areas of expertise and businesses lines, Societe Generale is able to offer its clients a full range of services and solutions specifically adapted to the diversity of their requirements. The constant development of synergies between the Bank’s business lines is proof the diversified and integrated business model of Societe Generale is well placed to support our clients and enable growth.
A strong regional network and a dedicated point of contact for Deutsche Post DHL in Africa
Drawing on its international network and complementary areas of expertise, Societe Generale supports the major development projects of international corporations, with teams from across the Bank working together to offer fully integrated solutions. German group Deutsche Post DHL’s story is an example of this. A world leader in transportation and logistics services, they were looking for a single partner to handle their banking transactions and cash management needs in 13 countries across Africa.
Financing the economy
Financing the economy
Societe Generale is fully commited to its mission to support companies in their development and to enaible all of our clients realise their projects. Thanks to its double expertise in bank loans and market financing, Societe Generale is engaged in financing the economy and assisting economic development in France and internationally.
Burkina Faso: Societe Generale supports SMEs
Societe Generale is investing in the company Sinergi, an 1.7 billion F CFA (2.6 M EUR) fund, aiming to finance small and medium-sized companies.
On the 5th of February, Sinergi Burkina Faso, a new investment company backed by the French capital investor I&P, officially started business. Its pool is composed of Société Générale Burkina Faso, Total, the Burkinabe insurance company Sonar and SIDI (international solidarity for development and investment).
Sinergi is targeting start-ups and small businesses, offering them funding up to 200 million F CFA (305.000 EUR), technical and strategic support for entrepreneurs. Sinergi has already invested more than 100 million F CFA in the soy processing company Siatol, and intends to further expand its portfolio of shareholdings in the country.
Latest press releases
Quaterly financial information
Q1 16: SOUND RESULTS BENEFITING FROM THE DIVERSIFICATION OF THE BUSINESS MODEL
ALD Automotive finalises the acquisition of Parcours group
Societe Generale today announces that its subsidiary ALD Automotive has finalised the acquisition of Parcours Group, a subsidiary of Wendel, following both groups’ decision to enter into exclusive negotiations on 17 February 2016 (Press release).
The acquisition of Parcours allows ALD Automotive to strengthen its position with SMEs and very small companies in France and to accelerate its growth in the long-term leasing business thanks to Parcours’ total fleet standing at 61,500 vehicles (including 55,000 in France). Thanks to this acquisition, ALD Automotive’s pro forma total fleet represents almost 1.3 million vehicles at the end of April 2016, including 420,000 in France.