Understanding our 2015 Q3 results

Frédéric Oudéa's editorial

Our Group has posted sound results in Q3 2015 thanks to a good commercial performance and the continued control of costs and risks. We have provided further evidence of our growth potential against the backdrop of a recovery in Europe, with a substantial increase in our Retail Banking activities, both in France and internationally. Our revenues rose by 2.1% in the third quarter and by more than 7% in the first 9 months of the year. This growth is underpinned by the solid performance of our Retail Banking activities in France and internationally, Financial Services to Corporates and Financing & Advisory. However, challenging market conditions in the third quarter adversely affected our Global Markets businesses.

Results by business

Sound results marked by a good commercial performance.

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

Interview with Frédéric Oudéa

CEO Frédéric Oudéa commented on the Group’s 2015 Q3 results in an interview he gave to EuroBusinessMedia (CEO-Direct).

Watch the video


Launch of Amundi's initial public offering

The initial public offering of Amundi, the leading European asset manager, was launched on 2 November 2015 on the regulated market of Euronext Paris. As provided for under the shareholders’ agreement entered into upon Amundi’s creation, Societe Generale plans to sell the entire 20% it holds in Amundi. The two companies will remain bound by their distribution agreements, which have been extended for a renewable period of five years from the completion date of the IPO. In so doing, Societe Generale has reaffirmed its long-term industrial partnership with Amundi, which will remain its chosen provider of savings and investment solutions to its retail banking and insurance networks.

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Expert opinion

The transition towards the new Chinese growth model poses serious challenges

Over the last two years, China seems to have started shifting from a traditional manufacturing-investment led model towards a new services consumption driven economy.

Read the explanation of Sopanha Sa, Senior Asia Economist at Societe Generale


Societe Generale: first partner in residence of PLAYER, a place to instigate innovation together

Since May 2015, Societe Generale has been a partner in residence of PLAYER, which is located at the heart of the Sentier district, one of the leading “French Tech” hubs in Paris. As a resident, Societe Generale has access to an extensive field of acculturation, experimentation and hybridisation for its members of staff.

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Societe Generale winner of the 2015 Shareholder Club Award

As part of the 2015 Shareholder Relations Awards, the fifth edition of this event organised by Les Echos and Investir/Le Journal des Finances in partnership with audit firm Mazars, Societe Generale has been awarded the 2015 Shareholder Club Prize for the best ways of communicating with individual shareholders.

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Towards an inclusive and green economy

The Positive Impact Manifesto by the United Nations Environment Programme Finance Initiative is supported by Societe Generale. The Manifesto invites banks and other financial sector players to think more holistically about their role in the economy, society and the broader environment.

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Sports sponsorship

Live from Rugby World Cup 2015, Societe Generale celebrating team spirit

Societe Generale, having been committed to rugby for almost thirty years, was behind the scenes to share the highlights and emotions of this exceptional event held in England from 18 September to 31 October. The Group was one of six Worldwide Partners as well as the sole banking, financial and insurance partner, and involved its shareholders.

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All our previous Letters to Shareholders