KEY FIGURES Our universal banking model* 10% 14 I SOCIETE GENERALE 2013-2014 I RESULTS €22.8 BILLION IN NET BANKING INCOME GROUP NET INCOME €2,175 billion, a 2.8-fold increase compared to 2012 COMMON EQUITY TIER 1 RATIO within the Basel 3 framework at end 2013, substantially above the minimum regulatory threshold (8%) applicable from 2019. n a still-troubled macroeconomic environment in 2013, growth in revenue and profits confirmed the solidity of Societe Generale’s universal banking model. The Group posted strong operational results in all of its businesses, with a solid revenue base that is evenly balanced between its three strategic pillars. In 2013 Societe Generale completed a thorough transformation of its balance sheet. The strong improvement in its solvency ratios was the result of a solid contribution from earnings, accentuated by a significant reduction in legacy assets and the disposal of assets (credit portfolios and subsidiaries). The Group's financing structure was remodelled, with an emphasis on sustained deposit collection and lengthened maturities on its funding sources. Finally, the Group increased its hedging for its credit commitments and legal risks. * Figures as at 31 December 2013 FRENCH RETAIL BANKING INTERNATIONAL RETAIL BANKING, FINANCIAL SERVICES AND INSURANCE CORPORATE BANKING, PRIVATE BANKING, ASSET MANAGEMENT AND SECURITIES SERVICES 32 MILLION CLIENTS WORLDWIDE
ACTIVITY_REPORT_20132014_UK
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