“In a mixed economic and financial environment, Societe Generale posted sound Q2 results, confirming the good commercial and operating performances achieved by the businesses at the beginning of the year and the relevance of its diversified and integrated banking model. The Group’s revenues were driven in particular by the growth in International Retail Banking & Financial Services, while profitability increased due to cost and risk control. The Group also continued to optimise its portfolio of activities with, in particular, the acquisition of 50% of the capital of Antarius and the stock market floatation of ALD.
Societe Generale is actively preparing the next stage of its strategy which will be presented in November, based on the Group’s new governance, both more agile and closer to our customers, implemented as from September.”
Frédéric Oudéa – Chief Executive Officer
Wednesday, August 2, 2017: 2nd Quarter and 1st Half 2017 Results
Frédéric Oudéa presents the Q2 2017 results
Frédéric Oudéa, Group CEO, comments Societe Generale's 2017 Q2 results on EuroBusiness Media.