Frédéric Oudéa's editorial
In a challenging environment, marked by very low or even negative interest rates in some regions, low commodity prices and, at the end of first half-year, by market turbulence due to the UK vote in favour of Brexit, our Group has achieved increased revenues of more than 4% at €13.2 billion* in the first half of 2016, benefiting from the good performances of our three core businesses: French Retail Banking, International Retail Banking & Financial Services and Global Banking & Investor Solutions. Accordingly, we generated Group Net Income of €2.4 billion* during the first six months of 2016, up 25.5%.
Earnings Per Share, EPS adjusted for the Group’s own financial liabilities, amounts to €2.77, up +25% compared to the first half of 2015 (€2.22).
Results by business
What are the economic consequences of Brexit?
The result of the referendum held on 23 June wrong-footed the financial markets, which had anticipated the United Kingdom remaining within the European Union. Major uncertainties about the negotiation schedule and, in particular, the future relationship between the United Kingdom and the EU are sources of heightened financial volatility.
Our strategy in Asia-Pacific
Intensive client engagement, extending our leadership positions and developing medium term growth drivers: Mr. Hikaru Ogata, Chief Executive Officer for Societe Generale Asia Pacific, shares his insights on these three priorities at the heart of Societe Generale’s strategy in the region.
Open Innovation: the age of the collaborative economy and of co-construction
In the digital era, the key innovations in the services sector come from companies that have set up open platforms to leverage the power of the masses. To innovate, a company needs to open up and create ecosystems that involve its stakeholders such as customers, start-ups and universities, as well as staff. This is what is known as Open Innovation.
Citizen Commitment Time 2016: Societe Generale staff more engaged than ever!
From sporting challenges, fund raising and skills sharing, almost 200 charity events will have been organised by 42 countries, a record level of achievement! Thanks to their commitment, nearly €400,000 has already been donated to not-for-profit associations across the globe.
Societe Generale supports the French team at the 2016 Paralympic Games in Rio
Societe Generale has been supporting the paralympic movement since 2003. As the 2016 Paralympic Games in Rio approach - running between 7 and 18 September - Societe Generale wishes every encouragement to all of the athletes in their quest to win medals and aims to give the athletes and the events as much media coverage as possible.
Measuring our performance
Find below our previous Letters to Shareholders
|February 2020||Letter to Shareholders #119 - Understanding our Annual Results 2019||Go to the page|
|May 2020||Letter to Shareholders #120 - Understanding our Q1 2020 Results||Go to the page|
|June 2020||Letter to Shareholders #121 - Annual General Meeting held on 19 May 2020||Download PDF|
|February 2019||Letter to Shareholders #114 - Understanding our Annual Results 2018||Go to the page|
|Mai 2019||Letter to Shareholders #115 - Understanding our Q1 2019 Results||Go to the page|
|June 2019||Letter to Shareholders #116 - Annual General Meeting held on 21 May 2019||Download PDF|
|August 2019||Letter to Shareholders #117 - Understanding our Q2 2019 Results||Go to the page|
|November 2019||Letter to Shareholders #118 - Understanding our Q3 2019 Results||Go to the page|
|November 2018||Letter to Shareholders #113 - Understanding our 2018 Q3 Results||Go to the page|
|August 2018||Letter to Shareholders #112 - Understanding our 2018 Q2 Results||Go to the page|
|June 2018||Letter to Shareholders #111 - Annual General Meeting held on 23 May 2018||Download PDF|
|May 2018||Letter to Shareholders #110 - Understanding our 2018 Q1 Results||Go to the page|
|February 2018||Letter to Shareholders #109 - Understanding our 2017 Annual Results||Go to the page|
|November 2017||Letter to Shareholders #108 - Understanding our 2017 Q3 Results||Go to the page|
|August 2017||Letter to Shareholders #107 - Understanding our 2017 Q2 Results||Go to the page|
|June 2017||Letter to Shareholders #106 - Annual General Meeting held on 23 May 2017||Download PDF|
|May 2017||Letter to Shareholders #105 - Understanding our 2017 Q1 Results||Go to the page|
|February 2017||Letter to Shareholders #104 - Understanding our 2016 Annual Results||Go to the page|
|November 2016||Letter to Shareholders #103 - Understanding our 2016 Q3 Results||Go to the page|
|August 2016||Letter to Shareholders #102 - Understanding our 2016 Q2 Results||Go to the page|
|June 2016||Letter to Shareholders #101 - Annual General Meeting held on 18 May 2016||Download PDF|
|May 2016||Letter to Shareholders #100 - Understanding our 2016 Q1 Results||Go to the page|
|February 2016||Letter to Shareholders #99 - Understanding our 2015 Annual Results||Go to the page|
|November 2015||Letter to Shareholders #98 - Understanding our 2015 Q3 Results||Go to the page|
|August 2015||Letter to Shareholders #97 - Understanding our 2015 Q2 Results||Go to the page|
|June 2015||Letter to Shareholders #96 - Annual General Meeting held on 19 May 2015||Download PDF|
|May 2015||Letter to Shareholders #95 - Understanding our 2015 Q1 Results||Go to the page|
|February 2015||Letter to Shareholders #94 - Understanding our 2014 annual Results||Go to the page|
|November 2014||Letter to Shareholders #93 - Understanding our 2014 Q3 Results||Go to the page|
|August 2014||Letter to Shareholders #92 - Understanding our 2014 Q2 Results||Go to the page|
|June 2014||Letter to Shareholders #91 - Annual General Meeting held on 20 May 2014||Download PDF|
|May 2014||Letter to Shareholders #90 - Understanding our 2014 Q1 Results||Go to the page|
|February 2014||Letter to Shareholders #89 - Understanding our 2013 Q4 & annual Results||Go to the page|
|November 2013||Letter to Shareholders #88 - 2013 Q3 Results (in French only)||Download PDF|
|August 2013||Letter to Shareholders #87 - 2013 Q2 Results (in French only)||Download PDF|
|June 2013||Letter to Shareholders #86 - 2013 Q1 Results (in French only)||Download PDF|
|February 2013||Letter to Shareholders #85 - 2012 Q4 & annual Results (in French only)||Download PDF|
|November 2012||Letter to Shareholders #84 - 2012 Q3 Results (in French only)||Download PDF|
|August 2012||Letter to Shareholders #83 - 2012 Q2 Results (in French only)||Download PDF|
|June 2012||Letter to Shareholders #82 - 2012 Q1 Results (in French only)||Download PDF|
|February 2012||Letter to Shareholders #81 - 2011 Q4 & annual Results (in French only)||Download PDF|
|November 2011||Letter to Shareholders #80 - 2011 Q3 Results (in French only)||Download PDF|
|August 2011||Letter to Shareholders #79 - 2011 Q2 Results (in French only)||Download PDF|
|June 2011||Letter to Shareholders #78 - 2011 Q1 Results (in French only)||Download PDF|
|March 2011||Letter to Shareholders #77 - 2010 Q4 & annual Results (in French only)||Download PDF|