Understanding our 2016 Q1 results

Frédéric Oudéa's editorial

Our Group’s solid performance during this first quarter reflects the robustness of our diversified business model. Our net income amounted to EUR 924 million, an increase of 6.5% compared to last year. We have a balanced business portfolio centred on our core businesses – French Retail Banking, International Retail Banking & Financial Services, Global Banking & Investor Solutions. This business model enables us to generate synergies between our different activities, and thanks to the diversification of our businesses and the regions in which we operate, maintain good results in a low – or even negative – interest rate environment.

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Q1 2016 results. Solid results reflecting the strength of a diversified business model. Group net banking income 6.2bn EUR. Reported Group net income up 924m EUR. Common equity Tier 1 ration up 11.1%. Cost of risk down -10.1%.

Results by business

Sound results benefiting from the diversification of the business model

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

Interview with Frédéric Oudéa

CEO Frédéric Oudéa commented on the Group’s Q1 2016 results in an interview he gave to EuroBusinessMedia (CEO-Direct).

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STRATEGY

Societe Generale in Africa

Alexandre Maymat, Head of the Africa region at Societe Generale, talks about the Group’s dynamic activity in Africa, its innovation and the outlook for the future.

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EXPERT OPINION

The inexorable fall in nominal interest rates

Since the early 1980s, nominal interest rates in the developed world have been in consistent decline, reaching historically low levels. Many interest rates have now turned negative.

Read the analysis by Marie-Hélène Duprat, Senior Advisor to the Chief Economist

INNOVATION

Open innovation; leverage for the Group’s transformation

Societe Generale’s Innovation approach is based on the creative force of its members of staff and on ties between internal communities and the innovation ecosystem. Aymeril Hoang, Head of Innovation for the Group, discusses this strategy.

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The Societe Generale Foundation celebrates its 10th anniversary!

Engagement with the wider society is a major focus of the Group's citizen commitment policy. It is expressed notably through the Societe Generale Corporate Foundation and its promotion of employee involvement. The Group is committed to working in the areas of professional integration, education and social inclusion through culture and sport.

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All our previous Letters to Shareholders