Understanding our 3rd Quarter 2016 Results

Frédéric Oudéa's editorial

The good commercial and financial performance in the third quarter of 2016 demonstrate the pertinence of our well-balanced and diversified banking model, as well as our ability to grow our businesses in a challenging environment. We recorded Net Income, excluding non-economic items, of €1.26 billion in Q3 2016, up +39.0% year-on-year.

Watch the interview with Frédéric Oudéa

Frédéric Oudéa, CEO, discusses the Group’s 3rd Quarter 2016 Results in an interview with EuroBusinessMedia (CEO-Direct).

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Results by business

Good results driven by the Group’s transformation

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



Continuing the digital journey

Societe Generale is ranked as the leading bank and overall 3rd highest company in this year’s eCAC 40 awards. To mark the occasion, Frédéric Oudéa’s latest LinkedIn article presents some of the recent highlights of the Group’s digital transformation: “Digital transformation is a long-term commitment; there is no pre-set final objective. Above all, it’s a state of mind and a new culture.”

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Fiscal policy to the rescue?

The period of weak global economic growth still seems set to continue, even though a slight upturn in activity in 2017 is expected. The sources of fragility that contribute to this situation are numerous.

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New technologies for stronger cybersecurity

Digital accounts for 86% of our incoming contacts, with 700 million logins per year, mostly from mobile devices. This profound change in the Bank’s customer relations has heightened the security challenge, which Societe Generale will address by more than doubling its IT budget for cybersecurity and investing in new technologies .

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The Grande Ecole du Numérique - providing skills for tomorrow

Societe Generale is one of the four founding member companies of the Grande Ecole du Numérique, a public body for short certified training courses in the digital field. This commitment illustrates the importance of the digital transformation in the Group's strategy and the value it places on developing skills for the future, both within the company and outside it.



Positive Impact Finance pioneers

Societe Generale successfully issued the second Positive Impact Bond. These proceeds will be used to fund new renewable energy projects in order to contribute to the fight against climate change. The issuance of this bond is a continuation of Societe Generale’s commitments to the fight against climate change presented at the COP21 in Paris in 2015.

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All our previous Letters to Shareholders