Understanding our Annual Results 2019

Frédéric Oudéa portrait

Frédéric Oudéa's editorial

2019 was a year of considerable progress during which we achieved all the targets, both strategic and financial, that we set ourselves.
As a result, we substantially increased our capital ratio, which stood at 12.7% at the end of 2019. This was the priority target for 2019 in order to strengthen market confidence in our ability to absorb future regulatory impacts. In line with the commitments made, the dividend, proposed to the General Meeting on May 19th, will be EUR 2.20 per share in cash. We see this high dividend as a means of thanking our shareholders for their trust and loyalty.

READ THE EDITORIAL

Renewal and appointment of Directors proposed at the General Meeting to be held on 19 May, 2020

At the proposal of the Nomination and Corporate Governance Committee held on 5 November, 2019, the Board of Directors approved the proposals to renew and appoint Directors ahead of the General Meeting of shareholders to be held on 19 May, 2020.

Find out more about the renewal and appointment of Directors

Experts view

Europe’s Window of Climate Opportunity

Climate change is increasingly in the news, and while the horrific images of extreme weather and the tragic loss of life and livelihoods spring to mind, just how climate change is shifting consumer and investor behaviour, as well as public policy, is equally deserving of attention.

Read the article by Michala Marcussen, Group Chief Economist

Positive transformations

Societe Generale accelerates its commitments in favour of a responsible ecological transition

A pioneer in financing renewable energies and committed since 2015 to aligning its activities to a trajectory limiting global warming to under 2°C, the Group’s voluntary and responsible strategy to answer the climate emergency is based on two priorities.

Find out more about our commitments

Is 2020 the year to go electric?

2019 saw the arrival of a few new Electric Vehicules, but these mainly belong to the middle and upper segment. 2020 promises to bring a plethora of more affordable models in the lower segments. As such, they become accessible to many more company car drivers. ALD has drawn up an overview of the new EV models coming to market in 2020, segment by segment.

Find out more about ALD and electric vehicules

Innovation

Strengthening customer relationships with Open Banking

Combining the best of digital technology and people, seizing new business opportunities by mixing the Bank's expertise with other players in the economy… these are the possibilities offered by Open Banking, which opens up the Bank to new practices and new ways of interacting with our customers. Philippe Aymerich, Deputy CEO of Societe Generale group, explains further.

Read Philippe Aymerich's interview

Societe Generale joins the Hydrogen Council, supporting the development of hydrogen for energy transition

By joining the Hydrogen Council, Societe Generale demonstrates once again its commitment to a sustainable and climate-resilient future. Discover how hydrogen will assist in the energy transition and what role the bank will play.

Find out more about Societe Generale and the Hydrogen Council

Commitments

Building the future of Africa with Women In Africa

From 9 January to 9 February 2020 the new edition of Project 54, with the Women in Africa Foundation is open to new candidates. The Women in Africa Foundation supports and assists African women entrepreneurs. Thanks to the establishment of an endowment fund, Women in Africa is carrying out a general interest mission and promoting the spread of education in the field of economic development, and more particularly the training of future women leaders of innovative businesses. In 2019, the Foundation launched Project 54 in collaboration with Societe Generale, a major sponsor of the initiative. This continent-wide initiative will see 54 women entrepreneurs from the 54 African countries selected to participate in the Project, which will provide them with support and publicity.

Find out more about the Women In Africa initiative

08/07/2020

Measuring our performance

Find below our previous Letters to Shareholders

Date Title Link
February 2020 Letter to Shareholders #119 - Understanding our Annual Results 2019 Go to the page
May 2020 Letter to Shareholders #120 - Understanding our Q1 2020 Results Go to the page
June 2020 Letter to Shareholders #121 - Annual General Meeting held on 19 May 2020 Download PDF
Date Title Link
February 2019 Letter to Shareholders #114 - Understanding our Annual 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
November 2019 Letter to Shareholders #118 - Understanding our Q3 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 Annual 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 Annual 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