Understanding our 2017 second quarter results

Frédéric Oudéa's editorial

In a mixed economic and financial environment, Societe Generale posted sound results in Q2 2017, confirming the good commercial and operating performances achieved by the businesses at the beginning of the year and the relevance of its diversified and integrated banking model. The Group’s revenues were driven in particular by the growth in International Retail Banking & Financial Services, while profitability improved thanks to the control of costs and risks. The Group also continued to optimise its portfolio of activities with, in particular, the acquisition of 50% of the capital of Antarius (Crédit du Nord’s insurance company) and the stock market floatation of the ALD subsidiary.

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Viewpoint

Entrepreneurs in action

“An engaged and responsible player in a changing world,” is the title of the Viewpoint article by Séverin Cabannes, Deputy Chief Executive Officer, in the Group’s Activity Report 2016-2017. At Societe Generale, we are convinced that entrepreneurial spirit is a powerful force for reinvention. Which is why we decided to give entrepreneurs, clients, partners and members of staff the opportunity to share their point of view in this year’s report.

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Expert opinion

A market leader poised for further growth

Following ALD Automotive’s floatation on the stock exchange, Mike Masterson, Chief Executive Officer of ALD Automotive, discusses the reasons for the success of the largest IPO in Europe this year so far. “Our ambition is to go further and to become the market leader in mobility solutions.”

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Innovation

TechWeek 2017 at the Dunes

The spotlight was on innovation at the start of July for TechWeek 2017, a major event held at the Group’s technological hub the Dunes in the east of Paris. Through numerous stands, conferences, workshops and showrooms, Societe Generale presented six of its principal innovations accelerating the Group’s digital transformation.

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ENGAGEMENTS

The Group's commitment to Corporate Social Responsibility

As a key player in financing the economy, Societe Generale seeks to offer the best solutions to generate a long-term positive impact on the environment. Find out all this year's Corporate Social Responsibility achievements in the Bank's new CSR Report.

Read the CSR Report 2016-2017

Citizen Commitment Time 2017

Embodying Societe Generale's social commitment, this annual event highlights the engagement of Group staff around the world. This year, over 40 countries are taking part with around 100 different sporting and charitable events taking place from May to October. In Paris, over two days in July, 1,450 staff pedalled 20,087km raising over €100,000. Worldwide, staff have now travelled more than 100,000km with all the kilometers transformed into monetary donation to charitable projects benefiting education and social integration through sporting and/or cultural activities.

Find out more

All our previous Letters to Shareholders