Understanding our 2013 Q4 & annual results

Frédéric Oudéa's editorial

2013 provided confirmation of the robustness of Societe Generale’s universal banking model, which was both resilient and a generator of growth, in a still challenging environment. Net banking income amounted to EUR 22.8 billion, an increase of +4.3% compared with 2012. The cost savings plan already helped secure EUR 350 million in 2013. Group net income amounted to EUR 2.2 billion and virtually trebled compared with 2012.

2013 Annual Results: key figures

  • EUR 22.8bn (+4.3%* vs. 2012)
    Group revenues

  • EUR 3.9bn** (+15.4% vs. 2012)
    Group net income

  • EUR 2.2bn (x 2.8 vs. 2012)
    Book Group net income

    *  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.

  • EUR 1.00 per share
    Proposed dividend, paid in cash

  • 8.4%**
    Return on equity (ROE)

  • 10.0% Basel 3 Common Equity Tier 1 Ratio
    End-2013 target exceeded

    ** Excluding non-economic items (revaluation of own financial liabilities), legacy assets, and non-recurring items.

Results by business

The Group produced a good operating performance in all its businesses, with a solid revenue base that is evenly balanced between its three strategic pillars.

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

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