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
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.
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.
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.
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 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.
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.
DIGITAL & INNOVATION
A discussion with Ingrid Bocris about the future of insurance through APIs, data and partnerships
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. As deputy CEO of SG’s Assurances arm, SOGESSUR, Ingrid Bocris oversees Innovation, Data, and Partnership. She is also the executive chairman of Moonshot-Internet, a start-up providing insurance-as-a -service. She always uses funny French metaphors to embody the need for change and transformation. Ingrid is one of the Group’s Female Role Models, the type of person whose footsteps you want to follow in because you know it will get you somewhere.
COVID-19 Trends Observatory
Claire Calmejane, Group Chief Innovation Officer takes a look at trends being accelerated during the crisis. This 4th edition of the COVID-19 Trends Observatory is about how Big Tech, GAFAM, & BATX became bigger during the crisis, the rise of mobility as a service, and the impact of remote working on real estate, workspaces and construction.
Latest press releases
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.
Results at 30 June 2020
Press release Paris, August 3rd 2020