Annual Shareholders' Meeting
Societe Generale's Annual General Meeting took place Tuesday, 21 May 2019 at 4.00pm CET in the Paris Expo - Espace Grande Arche, in La Défense, Paris. An essential annual event for our shareholders, the event provided the opportunity to find out more about the life of our company, dicuss, ask questions and express opinions with the General Management and also vote on the resolutions proposed by the Board of Directors.
First Quarter 2019 Results
"Societe Generale already benefited in Q1 2019 from the initial effects of the implementation of the measures announced at the time of the 2018 full-year results. We continued with the transformation of French Retail Banking, provided further evidence of the robust momentum in International Retail Banking & Financial Services and demonstrated Global Banking & Investor Solutions’ ability to rapidly adapt.
As a result of our determined actions, we saw a substantial increase in CET1 ratio in Q1 19, strengthening our ability to achieve the 12% CET1 ratio target as soon as possible.
All these advances illustrate the robustness of our business model and our ability to implement our strategic and financial plan despite an unfavourable European environment.”
Frédéric Oudéa, Chief Executive Officer
DIGITAL & INNOVATION
First review for the Internal Startup Call
Societe Generale has launched a major intrapreneurship programme known as Internal Startup Call in November 2017. The objective was to enable disruptive internal intrapreneurial projects to emerge that will be the embryos of our future products and services, including projects that go beyond traditional banking services.Following a selection phase, 60 internal startups has been accelerated during 6 months in France and internationally at our innovation partners.
Read the press release
Building tomorrow with youth
Promoting youth integration must be a priority
French essayist and economist Nicolas Bouzou has a confident view of the future. He believes young people can continue the considerable progress made in recent years. However, this requires everything being done to promote their integration.
we.trade, the first blockchain-based trade finance platform
Societe Generale announces that we.trade, the first blockchain-based trade finance platform live in production, is now available to all clients in France. By connecting to we.trade, clients of the consortium of banks, both buyers and sellers, agree on the terms of a transaction. Thanks to blockchain technology, the we.trade platform facilitates and expands the customer experience.
Wilma Sickout Assele: “I beat depression through the power of african art”
“Complex, passionate and honest”, that’s how Marie Wilma Sickout Assele, the Gabonese decorator and art critic, describes herself. I’d add that’s she’s also spontaneous and wears her heart on her sleeve…
The owner for some years now of the Kay-Anne art gallery, Wilma is now in the spotlight since it reopened. “My gallery is a blend of established creators and those who deserve to be supported, exhibited. The Kay-Anne Galerie is a genuine crossroads for artists”, she says.
Latest press releases
Societe Generale further reduces its involvement in coal
As part of the ongoing efforts to reduce its involvement in coal, Societe Generale today announces its decision to cease offering financial services and products to client companies: - whose current activity in thermal coal* represents 50% or more; - whose current activity in thermal coal represents between 30% and 50% and do not have a reduction strategy to reach at most 30% by 2025 or who have plans to expand their thermal coal capacities.
Intrapreneurship on a large scale to accelerate the digital transformation of Societe Generale
Societe Generale makes a first assessment of the Internal Startup Call, the largest intrapreneurship programme of the S&P 500, launched at end-2017 to stimulate innovation internally. Open to all the Group's employees around the world, it has generated an unprecedented commitment. After an accelerated incubation phase, some thirty startups will enter the development phase. Some will be participating to Vivatech where Societe Generale will be present in two exhibition areas of the European and African ecosystem. The many achievements of the programme, both technological and cultural, will help accelerate the Group’s digital transformation.