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.
A donation of €1.5 million to Médecins Sans Frontières
Committed to help fighting the spread of Covid-19 globally, Societe Generale launches a dedicated programme for Africa. Its first step is a donation of €1.5 million to the association Médecins sans Frontières (MSF). For nearly 50 years, MSF has been providing medical assistance to people whose lives or health are threatened, all around the world. In the context of the Covid-19 pandemic, MSF is working in coordination with local health authorities to assess needs and propose appropriate solutions, building on its medical expertise acquired during previous large-scale epidemics. In addition to this donation, the Bank also encourages people to participate individually to this collective action with a donation to MSF.
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.
1st Quarter 2020 Results
"We are tackling this crisis with insight but confident in the soundness of our business model, the agility of our operational model driven by technological and digital advancements and the robustness of our capital and risk profile.
Beyond our focused adaptation to the immediate impact of the crisis, we are already working on the designs of our next strategic plan 2021-2025 to take into account the new environment post-crisis.”
Frédéric Oudéa, Chief Executive Officer
Each quarter, on the day the Group’s quarterly financial results are published, Societe Generale sends the Shareholders’ Letter newsletter, entitled “Understand our results”.
This publication presents the group’s financial results and latest news including an Editorial by Frédéric Oudéa, Chief Executive Officer, Key Figures and Results in Brief, Expert View, Innovation & Digital, the Group’s ongoing news and more.
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.
A podcast with leaders of committed companies, listen to the interview with Philippe Perrier, head of the Perrier Bottling Machines company which switched from bottling machines to manufacturing disinfectant gel. Our SME client is adapting its business activity in an act of solidarity.
DIGITAL & INNOVATION
COVID-19 Trends Observatory
Claire Calmejane, Group Chief Innovation Officer sheds light on trends being accelerated during the crisis: the acceleration of conversational technologies to interact with customers; digital will take on a prominent role in commercial and corporate banking post-crisis recovery; insights on the impact of the COVID crisis in China from Societe Generale China Team; and fintech fundraising and partnerships during the crisis.
Latest press releases
Societe Generale performs the first financial transaction settled with a Central Bank Digital Currency
On 14 May 2020, Societe Generale SFH, the covered bond vehicle of Societe Generale, issued €40 million of covered bonds (“obligations de financement de l’habitat” or “OFH”)) as security tokens directly registered on a public blockchain. Rated Aaa by Moody's and AAA by Fitch, these OFH Tokens were fully subscribed by Societe Generale which simultaneously paid the issuer in a digital form of euros issued by Banque de France through a blockchain platform.
Annual General Meeting and Board of Directors dated 19 May 2020
The combined General Meeting of shareholders of Societe Generale was held on 19 May 2020 at Tours Société Générale - 17 Cours Valmy - La Défense 7, without shareholders or other authorized participants being physically present and was chaired by Mr Lorenzo Bini Smaghi.