Understanding our Annual Results 2017

Frédéric Oudéa, Chief Executive Officer

Frédéric Oudéa's editorial

2017 was another important and positive milestone in Societe Generale group’s transformation: ongoing adaptation of the business model, strengthening of the businesses’ innovation capacity, definition of the new strategic plan “Transform to Grow”, implementation of a new more agile organisation. In addition to the impacts of a number of exceptional items, the 2017 financial results reflect the healthy commercial momentum of all our businesses, the disciplined management of our costs and risks, and the improvement in our underlying profitability.

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Expert view

Michala Marcussen, Group Chief Economist

The real side of financial markets

Michala Marcussen, Group Chief Economist and Head of Economic and Sector Research, discusses "The real side of financial markets". Monday 5 February saw the sharpest single day decline on global equity markets in more than half a decade. As is the case with all market movements, behind them we find a complex web of economic fundamentals, liquidity and technical factors.

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Innovation

Data management – collection, protection, analysis and development to better serve our clients

With 75 million digital contacts every month in France, digital tools are becoming our customers' main point of entry to the Bank. With new technology, the ever-multiplying data is analysed in greater depth, enabling Societe Generale to offer customers more personalised and relevant services, by combining the best of human and digital resources. We are undergoing profound transformations to better develop and protect this strategic asset for the Group.

Find out more about data management

Commitments

Strengthening our commitments to the fight against climate change

December 2017 marked two years since the Paris Agreement and the first One Planet Summit, presenting an opportunity for Societe Generale to announce a new stage in its commitments to the fight against climate change: contributing to raising €100 billion in financing for the energy transition by 2020, reducing the Group's carbon footprint and strengthening the Oil and Gas sectoral policy. The energy transition is a major collective issue, Societe Gneerale, one of the world leaders in energy financing, reaffirms with these strong new measures its commitment to the positive transformation of our economy.

Find out more about the Group's environmental commitments

Supporting the Senegalese economy

Present on the African continent for over 100 years and benefiting from strong local knowledge, Societe Generale is a major player in the development of the African economy. Health has always been a primary concern of any population and remains a major challenge for developing countries today. Societe Generale was in Dakar alongside Amadou Ba, Minister of Economy, Finance and Planning of Senegal, for the signing of a financing contract of over €160 million for a project seeking to improve access to healthcare for Senegalese people through the construction of four hospitals. This project is an example of positive impact investment that the Group supports.

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Team spirit

At the heart of an amateur rugby club

This five-episode series realised by Societe Generale introduces the viewer to the life of the SPRC, the amateur rugby club of Saint-Père-Marc-en-Poulet, a small rural village in northern Brittany. Three emblematic figures from the world of rugby - Jonny Wilkinson, Thierry Dusautoir and Sylvain Marconnet - arrive to coach the club’s players from both a rugby and a professional point of view. This series is a tribute to the values of rugby that encourage team spirit and develop character by helping the team find their path. Discover the rousing history of the club and the lives of its players.

Watch all the episodes on Youtube

27/08/2019

Measuring our performance

Find below our previous Letters to Shareholders

Date Title Link
February 2019 Letter to Shareholders #114 - Understanding our Annuals Results 2018 Go to the page
Mai 2019 Letter to Shareholders #115 - Understanding our Q1 2019 Results Go to the page
June 2019 Letter to Shareholders #116 - Annual General Meeting held on 21 May 2019 Download PDF
August 2019 Letter to Shareholders #117 - Understanding our Q2 2019 Results Go to the page
Date Title Link
November 2018 Letter to Shareholders #113 - Understanding our 2018 Q3 Results Go to the page
August 2018 Letter to Shareholders #112 - Understanding our 2018 Q2 Results Go to the page
June 2018 Letter to Shareholders #111 - Annual General Meeting held on 23 May 2018 Download PDF
May 2018 Letter to Shareholders #110 - Understanding our 2018 Q1 Results Go to the page
February 2018 Letter to Shareholders #109 - Understanding our 2017 Annuals Results Go to the page
Date Title Link
November 2017 Letter to Shareholders #108 - Understanding our 2017 Q3 Results Go to the page
August 2017 Letter to Shareholders #107 - Understanding our 2017 Q2 Results Go to the page
June 2017 Letter to Shareholders #106 - Annual General Meeting held on 23 May 2017 Download PDF
May 2017 Letter to Shareholders #105 - Understanding our 2017 Q1 Results Go to the page
February 2017 Letter to Shareholders #104 - Understanding our 2016 Annuals Results Go to the page
Date Title Link
November 2016 Letter to Shareholders #103 - Understanding our 2016 Q3 Results Go to the page
August 2016 Letter to Shareholders #102 - Understanding our 2016 Q2 Results Go to the page
June 2016 Letter to Shareholders #101 - Annual General Meeting held on 18 May 2016 Download PDF
May 2016 Letter to Shareholders #100 - Understanding our 2016 Q1 Results Go to the page
February 2016 Letter to Shareholders #99 - Understanding our 2015 Annual Results Go to the page
Date Title Link
November 2015 Letter to Shareholders #98 - Understanding our 2015 Q3 Results Go to the page
August 2015 Letter to Shareholders #97 - Understanding our 2015 Q2 Results Go to the page
June 2015 Letter to Shareholders #96 - Annual General Meeting held on 19 May 2015 Download PDF
May 2015 Letter to Shareholders #95 - Understanding our 2015 Q1 Results Go to the page
February 2015 Letter to Shareholders #94 - Understanding our 2014 annual Results Go to the page
Date Title Link
November 2014 Letter to Shareholders #93 - Understanding our 2014 Q3 Results Go to the page
August 2014 Letter to Shareholders #92 - Understanding our 2014 Q2 Results Go to the page
June 2014 Letter to Shareholders #91 - Annual General Meeting held on 20 May 2014 Download PDF
May 2014 Letter to Shareholders #90 - Understanding our 2014 Q1 Results Go to the page
February 2014 Letter to Shareholders #89 - Understanding our 2013 Q4 & annual Results Go to the page
Date Title Link
November 2013 Letter to Shareholders #88 - 2013 Q3 Results (in French only) Download PDF
August 2013 Letter to Shareholders #87 - 2013 Q2 Results (in French only) Download PDF
June 2013 Letter to Shareholders #86 - 2013 Q1 Results (in French only) Download PDF
February 2013 Letter to Shareholders #85 - 2012 Q4 & annual Results (in French only) Download PDF
Date Title Link
November 2012 Letter to Shareholders #84 - 2012 Q3 Results (in French only) Download PDF
August 2012 Letter to Shareholders #83 - 2012 Q2 Results (in French only) Download PDF
June 2012 Letter to Shareholders #82 - 2012 Q1 Results (in French only) Download PDF
February 2012 Letter to Shareholders #81 - 2011 Q4 & annual Results (in French only) Download PDF
Date Title Link
November 2011 Letter to Shareholders #80 - 2011 Q3 Results (in French only) Download PDF
August 2011 Letter to Shareholders #79 - 2011 Q2 Results (in French only) Download PDF
June 2011 Letter to Shareholders #78 - 2011 Q1 Results (in French only) Download PDF
March 2011 Letter to Shareholders #77 - 2010 Q4 & annual Results (in French only) Download PDF