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. 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 n French and International Retail Banking, as well as Financing & Advisory. However, market activities experienced a more mixed performance, below our expectations. In an economic, financial and regulatory environment that looks set to be less favourable and even more complex over the next few years than anticipated a year ago, we have decided to adapt the execution of our plan and our financial trajectory.”
Frédéric Oudéa, Chief Executive Officer
DIGITAL & INNOVATION
Societe Generale and Wavestone launch the 3rd edition of the "Banking Cybersecurity Innovation Awards"
Societe Generale group and Wavestone are committed to innovation and cybersecurity. They are launching the third edition of the Banking Cybersecurity Innovation Awards, open to European innovative startups and SMEs dedicated to cybersecurity. Participants have until 8 April to submit their products and services for three categories: Grand Prix BCSIA 2019, Data Customer Protection and Made In France.
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.
Solarpack its succesful IPO
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.
Playing for Philharmonie: the full concert!
After a year of work and rehearsals, 380 musicians and singers, all of them working for Societe Generale in France, Romania and Senegal, along with the musical ensemble Les Siècles, the chamber choir Les Métaboles and children from the Demos orchestras and the renown conductor François-Xavier Roth, one of the most talented conductors of his generation, gave 3 exceptional concerts at the Philharmonie de Paris.
Women in Africa: supporting female entrepreneurs in Africa
For the second year in a row, Societe Generale is a major sponsor of Women in Africa and its 54 project, which seeks to highlight and support exceptional African women from across the continent. This initiative will see 54 female entrepreneurs from the 54 countries of Africa selected to take part in the project, providing them with support and publicity. The project is open for applications until 15 February 2019.
Find out more about Women in Africa
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.
Latest press releases
ALD enters into exclusive discussions with Stern Groep to acquire SternLease
ALD is announcing it has entered into exclusive discussions with Stern Group with a view to acquiring SternLease B.V. A distribution agreement is also being discussed between both parties.
Societe Generale Corporate & Investment Banking appoints Olivier Biraud Senior Banker
Societe Generale Corporate & Investment Banking (SG CIB) announces the appointment of Olivier Biraud as Senior Banker in charge of the global relationship for a portfolio of large French corporates.