2nd quarter 2018 results
“Societe Generale posted good results and an increase in profitability in Q2 18 due to a solid performance by all the businesses, disciplined cost management and good risk control. The Group also carried out several strategic transactions contributing to the refocusing of its business model around its core franchises, with the signing of an agreement to acquire Commerzbank’s Equity Markets and Commodities operations and the disposal of activities not having critical mass or insufficiently synergistic. These developments are perfectly in keeping with the implementation of the new strategic plan “Transform to Grow” to which we are fully committed, and the results demonstrate that our diversified and value-creating business choices enable the Group to engage in a profitable and sustainable growth momentum.”
Frédéric Oudéa, Chief Executive Officer
Frédéric Oudéa presents the Q2 2018 results
Frédéric Oudéa, Group CEO, presents Societe Generale's Q2 2018 results on EuroBusiness Media.