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.
Better integration of renewable energies in the energy mix
Germany: development of underground water sources to ecologically power 14,000 households in Bavaria. Societe Generale brings a unique financing to a pioneering geothermal energy project in Bavaria, Germany for STRABAG SE and RAG Austria AG.
BBVA launched the first social bond to help mitigate the Covid-19 pandemic
BBVA launched on 27 May, the first social bond to help mitigate the severe social and economic impacts caused as a result of the Covid-19 pandemic. The Spanish entity successfully issued a 1bn euro 5-year Senior Preferred bond whose proceeds will be used to finance social projects in different areas like healthcare, education, affordable housing or financing for small and medium enterprises.
Annual General Meeting
On 31 March 2020, by audioconference, the Board of directors of Societe Generale decided the combined (ordinary and extraordinary) General Meeting of 19 May, 2020 would be held at 4.00pm without the physical presence of its shareholders, given the measures limiting public gatherings due to the health status in France.
In the context of this health crisis, Societe Generale has been particularly attentive to the respect of shareholders’ rights and looked after the quality of the shareholder dialogue, in particular via the vote by post or by Internet (VOTACCESS) and the procedure for written questions.
As every year, the General Meeting was broadcast via this website.
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.
Mobilized for You
Societe Generale takes action to support clients
Societe Generale is taking action with our teams to support our clients in need and find the best solutions possible under these extenuating circumstances. Our advisors are committed to staying close to their clients and will be available to relay the various measures communicated by national and regional authorities.
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 they’re business leaders, business owners, or presidents of an association, … driven by the desire to help and take action by adapting their businesses, they responded, turned things around and innovated. In particular, through the French State-guaranteed loan facility, Societe Generale keeps on supporting economic players.
CDP launches a social response bond to help Italy recover from the coronavirus emergency
Cassa Depositi e Prestiti Spa (CDP) is showing its critical role in supporting the Italian economy by issuing the first social bond to provide financial support to Italian enterprises and local authorities during the Covid emergency and, more globally, to support the recovery of Italian economy and communities which are facing the dramatic consequences of an unprecedented sanitary crisis.
DIGITAL & INNOVATION
Latest press releases
Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payment Initiative (EPI)
Today, a group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI).
An accelerated exit from the coal sector
Faced with the climate emergency, Societe Generale decided to accelerate its exit from the coal sector.