Understanding our 2014 Q1 results

Frédéric Oudéa's editorial

In Q1 14, Societe Generale continued with its transformation strategy and demonstrated the robustness of its customer-focused banking model. In an economic climate which remains uncertain, the Group posted a favourable operational performance on the whole.

The commercial business continued to perform well, in particular in Retail Banking. Thus in France, against the backdrop of a slow economic improvement, the expansion of the customer base and deposits remained strong. Revenue remained stable year-on-year (despite the drop in interest rates and the decline in overdraft fees imposed by French banking law).

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2014 Q1 key figures

  • EUR 5.8bn* (+3.3% vs. Q1 13)
    Group revenues

  • -27.1%** vs. Q1 13
    Sharp decline in the cost of risk

  • EUR 1.3bn* (+72.8% vs. Q1 13)
    Improved operating income




    * Excluding non-economic items (revaluation of own financial liabilities and DVA – debt value adjustment implemented following the application of IFRS 13).

  • EUR -0.5bn
    Goodwill write-down on Russian activities Group net income* reduced by EUR 941M to EUR 416M

  • EUR 0.3bn
    Book Group net income

  • 10.1% Basel 3 Common Equity Tier 1 Ratio
    Increasing


    ** When adjusted for changes in Group structure and at constant exchange rates. The variations for revenues excluding the effect of the revaluation of own financial liabilities disregard any currency impact of this revaluation.

Results by business

In Q1 2014, Societe Generale provided further confirmation of the positive operating momentum of its activities, with solid revenues, stable costs and a lower cost of risk.

French Retail Banking
International Retail Banking & Financial Services
Global Banking & Investor Solutions
Corporate Center

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Innovation: Security Pass, a simple yet powerful authentication tool

When clients carry out sensitive transactions using their smartphone via the Societe Generale app, the Security Pass feature will appear and verify the integrity of their phone.

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Citizen Commitment: The Citizen Commitment Games, an athletic challenge for charity

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CSR: Offering a responsible, solidarity-based range of banking products

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25/06/2019

Measuring our performance

Find below our previous Letters to Shareholders

Date Title Link
February 2019 Letter to Shareholders #114 - Understanding our 2018 Annuals Results Go to the page
Mai 2019 Letter to Shareholders #115 - Understanding our 2019 Q1 Results Go to the page
June 2019 Letter to Shareholders #116 - Annual General Meeting held on 21 May 2019 Download PDF
Date Title Link
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 Annuals Results Go to the page
Date Title Link
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 Annuals Results Go to the page
Date Title Link
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
Date Title Link
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
Date Title Link
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
Date Title Link
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
Date Title Link
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
Date Title Link
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

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