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
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.
ALD Automotive and E.ON sign strategic partnership to develop energy mobility solutions
ALD Automotive, the leading vehicle leasing company in Europe, and E.ON, a leading European energy company, have signed a strategic partnership to jointly develop and market digital enhanced mobility, financing, and energy services. The partnership will focus on mobility offerings for electric vehicles for corporate customers, municipalities and private customers in Europe.
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.
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
Societe Generale in partnership with Rugby 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.
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.