GROUP STRATEGY 2014-2016 KEEPING THE PACE OF TRANSFORMATION TO DELIVER SUSTAINABLE GROWTH AND PROFITABILITY On 13 May Societe Generale presented its 2014-2016 strategic and financial plan during an Investor Day in Paris, hosted by Societe Generale Chairman a nd Chief Executive Officer Frédéric Oudéa together with the participation of the Group’s senior management team. The Group’s strategic priorities for the medium-term and financial objectives for 2016 LETTER TO SHAREHOLDERS_2014 | 3 Going forward, Societe Generale will keep the pace of transformation to reinforce its position as a leading European universal bank well suited to the needs of its clients and in a context of great transition marked by profound economic, regulatory and technological changes. Having already completed the refocusing of the portfolio and the reinforcement of the balance sheet, the Group is now fully ready to deliver profitable growth in the future by taking advantage of its strengths: a balanced business mix with solid retail and corporate & investment banking expertise, high organic growth potential, a focus on client satisfaction and innovation, as well as strong management and Group values. 2014-2016 will be a new phase of development for the bank during which the senior management team intends to leverage the full potential of organic growth, synergies and operational efficiency of the Group’s model to reach a return on equity (ROE) above 10% by 2016. THREE STRATEGIC PRIORITIES FOR THE GROUP OUR OBJECTIVES FOR 2016 1 FURTHER IMPROVE CLIENT SERVICE, MAINTAIN LEADERSHIP IN INNOVATION 3% annual revenue growth (2013-2016) 2 CAPTURE GROWTH THROUGH BUSINESS DEVELOPMENT AND INCREASED SYNERGIES Return on equity (ROE) above 10% in 2016 3 DELIVER SUSTAINABLE PROFITABILITY Common Equity Tier 1 solvency ratio ≥ 10% Pay-out ratio: in cash, 40% in 2014 – Target of 50% for 2015-2016 2016 EPS: EUR 6
LA_LETTRE_DE_LACTIONNAIRE_N91_UK
To see the actual publication please follow the link above