Societe Generale named Best Bank in France by Euromoney magazine
Societe Generale has received the following two awards at Euromoney magazine's 2014 Global Awards for Excellence ceremony held in London on the 10th of July: - Best Bank in France - Best Equity House in France
Societe Generale was awarded Best Bank in France, illustrating the combined expertise of our different businesses within the Group to deliver a high level of service to our large client base. The magazine recognises Societe Generale’s “good job in helping smaller French companies transition away from dependence on bank lending towards raising more committed long-term funding from investors”.
In particular, the magazine highlights the launch of the “CAC PME” index (designed in partnership with Eurostoxx) and the commercialisation of a new product based on this index within its retail networks, which “embraced a government scheme supported by tax incentives to enable smaller French companies to raise more equity capital to fund their growth.” The bank was also named Best Equity House in France for the leading role played by its Equity Capital Markets franchise in the French market.
Among the transactions that caught Euromoney’s attention is Suez Environnement’s inaugural equity-linked offering, a six-year, €350 million convertible bond for which SG CIB acted as sole global Coordinator.
These awards demonstrate the synergies being developed between businesses within the Group and Societe Generale’s continuous commitment to its clients which allow it to build the right solutions in a complex environment.