International Women's Day 2019
This year, the UN theme for International Women's Day is “Think equal, build smart, innovate for change” with a particular focus on the gender digital divide. Women are under-represented in fields of innovation that could serve as an extraordinary means of autonomy and enable them to play a more active role in creating a more inclusive and sustainable society.
What better time to highlight Societe Generale’s commitments and results in supporting gender equality in the company and to put the spotlight on women who have achieved inspiring career paths.
ALD acquires Sternlease in the Netherlands
ALD signed an agreement to acquire SternLease, the leasing arm of Stern Group, the Dutch market leader in automotive retail. This acquisition forms part of ALD’s development strategy and is an example of ALD’s focus on targeted and value-added bolt-on acquisitions. This transaction is seeks to strengthen ALD’s SME and Private Lease offering in the Netherlands, positioning the company as the 5th largest player in the market.
Full-year and fourth quarter 2018 results
"After this first year in the execution of our 3-year plan, we have confirmed our long-term strategic ambition: delivering profitable and responsible growth thanks to a robust, diversified, more compact banking Group resolutely focused on its customers, in order to assist them in their positive transformation projects. We successfully achieved several major milestones in our transformation during 2018. The digital transformation process continued with success and there was considerable progress in the growth initiatives in French and International Retail Banking, as well as Financing & Advisory."
Frédéric Oudéa, Chief Executive Officer
DIGITAL & INNOVATION
New innovation strategy
To offer evermore innovative services and a best-in-class relationship experience to its clients, Societe Generale is moving to the next level with its Innovation strategy. This strategy is based on strengthened relations with startups, applying key digital capabilities for the whole Group and creating new businesses.
Societe Generale strengthens its presence in the global ecosystem to enhance its Open Banking strategy and solidify partnerships at Group level, in complement to local business initiatives.
Advancing Cameroon’s low-carbon development through hydropower
When the new Nachtigal hydroelectric power station’s turbines start turning in 2023, this 2km-long dam will supply almost a third of Cameroon’s electricity. Located on the Sanaga river, 65km north east of Yaoundé, the capital, the project is a cornerstone of the country’s electricity development plan and a national priority. Societe Generale is committed to financing Africa’s infrastructure through projects such as Nachtigal. We aim to increased loans to structured financing in Africa by 20% over three years.
Solarpack's succesful IPO expands the use of solar energy worldwide
Solarpack, the Spanish multinational large-scale solar photovoltaic project development, construction and operations specialist, successfully completed a share placement last December. This important milestone, achieved despite the extremely difficult market conditions, will give the company the financial muscle to grow, expand the use of solar energy worldwide, invest and contribute to the social developments of the communities and markets in which it operates. Societe Generale acted as Global Coordinator of this transformational deal for the company.
GROW WITH AFRICA - a growth plan across the African continent
During a press trip to Dakar, Societe Generale group confirmed the solid growth of its African operations, in line with its “Transform to Grow” strategic plan. As part of the launch of its “Grow with Africa” programme, the Bank also announced several initiatives in partnership with international, regional and local clients and institutions in order to meet the sustainable development needs in Africa.
Supporting the development of rugby in Africa
Societe Generale and Rugby Africa have agreed to join forces for the next two years to support the development of rugby in Africa, with a particular emphasis on rugby competitions for women and young athletes. Societe Generale is a long-standing partner of rugby, a sport with which the Bank shares the common values of team spirit, commitment and respect.
Latest press releases
Appointments within the Group Management Committee
Societe Generale announces the following appointments within the Group Management Committee:
Board of directors and General Management: proposals to renew directors and renewal of the General Management
The Board of Directors, based on the opinion of the Nomination and Corporate Governance Committee, will submit to the vote of the ordinary General Meeting dated 21st May 2019 the renewal of three Directors, for a four-year term: • Mr Frédéric Oudéa, Director since 2009 and Chief Executive Officer; • Mrs Kyra Hazou, independent Director since 2011, member of the Audit and Internal Control Committee and member of the Risk Committee; and • Mr Gérard Mestrallet, independent Director since 2015, Chairman of the Nomination and Corporate Governance Committee and member of the Compensation Committee.