FINANCIAL RESULTS

2nd Quarter 2020 Results

"During the first half of 2020, Societe Generale successfully adapted to the consequences of the health crisis and was therefore able to effectively support its customers and employees, thereby strengthening its position as a trusted partner. While April and May were heavily impacted by the reduction in activity of numerous economies around the world, the rebound in activities from mid-May is very encouraging.”
Frédéric Oudéa, Chief Executive Officer

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Frédéric Oudéa presents the financial results

Frédéric Oudéa, Group CEO, discusses the 2nd quarter 2020 results.

NEWS

Shine logo

Societe Generale announces the acquisition of Shine, the neobank for entrepreneurs

Created to make the lives of the self-employed and small businesses easier, Shine rapidly became a leading neobank, serving over 70,000 entrepreneurs, in just two years. Much more than a bank, Shine offers a 100% online business account as well as a « co-pilot » to support them with their administrative task and allow them to focus on their business and development.

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POSITIVE TRANSFORMATIONS

Marubeni harnesses sun and wind to power a lower-carbon future in Asia

Marubeni sponsored two first-of-a-kind renewable energy projects, including an offshore windfarm in Japan and a floating solar project in Taiwan, expanding its renewable energy generation business and contributing to energy transition in the region. Societe Generale has been working alongside Marubeni on these two pioneering projects.

Find out more about those two first-of-a-kind renewable energy projects

Success story Unedic

Social bonds leapfrog green as Covid-19 crisis catalyses investor interest

Unédic, France’s social security agency, issued its first Social Bond to a welcoming market that was undeterred by the lack of a government guarantee for France’s social security agency and enthused by a format that is rapidly becoming as popular as green bonds.

Find out more about Unédic's first Social Bond

world solidarity programme

Ensuring continued banking services, protecting our staff and supporting our clients

To face the spread of Covid-19, Societe Generale group has been fully engaged all over the world to ensure the continuity of banking services, to protect its staff and to support its clients. From the beginning of the health crisis, in every countries in which the Group operates, exceptional support schemes have been put in place to help mitigate the negative impact on the economies, in close link with the public authorities. Societe Generale teams have been quick to react everywhere, showing their capacity and willingness to back the efforts of public actors and associations to fight against the epidemic.

Find out some of our initial actions and initiatives

Mobilized for You

Societe Generale committed to ensuring the safety of our teams and clients

Societe Generale is closely monitoring the situation and following instructions, across the whole Group, given by the World Health Organisation and the authorities in France. Specific additional measures could locally apply, in relation to stricter instructions by governmental authorities in areas where the Bank operates.
We have put in place locally the necessary measures to ensure business continuity, with consideration for staff and client health and safety as a priority.

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ENTREPRENEURS

Playing their part during the crisis

In the context of this unprecedented COVID-19 pandemic and in an effort to combat the crisis, all economic players are mobilising and playing their part. Through a series of stories, interviews and podcasts, a voice is given to “committed entrepreneurs”, whether business leaders, business owners, or wokring for a charitable association… driven by the desire to help and take action by adapting their businesses, they reacted, turned things around and innovated. In particular, through the French State-guaranteed loan facility, Societe Generale continues to support economic players.

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DIGITAL & INNOVATION

A discussion with Valérie Dessaignes about next generation operations in compliance

Claire Calmejane, Chief Innovation Officer, meets with some of the Group’s innovators leading the transformation of our businesses and creating new business models towards our corporate purpose. After spending 8 years at the Federal Reserve Bank of San Francisco, Valérie Dessaignes joined Societe Generale in 2006 where she managed several regulatory programs and was Group Chief Data Officer before joining Compliance in 2006 to head the Digital Transformation Office. Her career focus has always been on how to make better use of innovative solutions to unlock the power of data.

Read the article on LinkedIn

COVID-19 Trends Observatory

Claire Calmejane, Group Chief Innovation Officer takes a look at trends being accelerated during the crisis. Our final edition of the COVID-19 Trends Observatory: how far will COVID-19 boost e-commerce ? How is China embracing digital ecosystems, smart banking, smart parking, smart healthcare and e-commerce ? And how these technologies are supporting a more long term and primary goal around sustainability, thus accelerating responsible finance? We're heading towards unprecedented change, positive impact innovation and technology that will play a key role in designing this new future.

Read the article on LinkedIn

Latest press releases

  • 04/08/2020

    Appointment of a new Societe Generale Group management team to accelerate the transformation of the businesses and prepare the new strategic plan

    Meeting on August 3, the Board of Directors, chaired by Lorenzo Bini Smaghi, approved the propositions presented by Frédéric Oudéa, Chief Executive Officer, on the evolution of the company's management organisation.

    Read the press release

  • 03/08/2020

    Results at 30 June 2020

    Press release Paris, August 3rd 2020

    Read the press release