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.

In addition to the work carried out by our staff in their professional capacities, Societe Generale is donating €1 million to the “All United Against Coronavirus” alliance, set up by the Fondation de France, the French public hospital authorities ("AP-HP") and the Pasteur Institute.
All United Against Coronavirus has launched a call to private individuals and corporates alike to support healthcare workers and researchers on the front line facing the emergency, and helping the most vulnerable. Societe Generale group has asked also its staff to join in with this movement for collective action.

To help address the current health crisis and its human, economic and social impacts in France and across the world, Societe Generale is engaged on three fronts: firstly, helping to stem the epidemic by applying security measures in all of its sites and activities; secondly, ensuring the continuity of its services as an business of vital importance; and thirdly, supporting all of its stakeholders, staff, clients, suppliers, communities and partner associations during this difficult period.

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.

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.
Specific measures such as hygiene matters, social distancing, rotation by sub-teams or working from home arrangements, where relevant, are in place to reduce any risk of contamination. Business travels is suspended.

23/03/2020
Covid-19 has spread across the globe with tragic human loss and severe economic consequences. Hope is now that social distancing and closures will prove effective; both in flattening the epidemiological curve, to ease pressure on health care systems and save lives, and to buy time for medical advances. These preventative measures, while necessary, come at an economic cost, and will be achieved through four main channels.

The fallout from the Covid-19 crisis is severely disrupting the global economy. The preventive lockdown measures being put in place worldwide are having a marked impact on consumer services, global supply chains and financial markets.
Policy room will now be put to the test, as fast-track and significant size monetary, prudential and fiscal measures will be required to offset the negative shocks and prevent the crisis from morphing into a prolonged and deep global recession.