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Societe Generale SA

SOGN.PA

Latest Trade

13.58EUR

Change

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Today's Range

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52 Week Range

11.35

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32.23

As of on the Euronext Paris ∙ Minimum 15 minute delay

Latest Developments

SocGen CEO says priority is to rebound in H2

Aug 3 (Reuters) - :SOCGEN CEO SAYS OUR SHORT-TERM PRIORITY IS TO CONFIRM OUR CAPACITY TO REBOUND IN H2.

Komercni Banka: With High Probability We Don't See Any Dividend Payment Happening In 2020

Aug 3 (Reuters) - :KOMERCNI BANKA CFO SAYS RETAIL AND CORPORATE LOAN BOOKS SHOULD GROW AT SIMILAR PACE.KOMERCNI BANKA CEO SAYS WITH HIGH PROBABILITY WE DON'T SEE ANY DIVIDEND PAYMENT HAPPENING IN 2020, KEEPING DIALOGUE OPEN FOR 2021.

SocGen executive: too early to say if there is a job cuts plan in 2020 at its investment bank

Aug 3 (Reuters) - :.

Komercni Banka Q2 profit below estimates as provisioning grows

Aug 3 (Reuters) - :KOMERCNI BANKA H1 NET PROFIT CZK 4.48 BILLION.KOMERCNI BANKA Q2 ATTRIBUTABLE NET PROFIT CZK 1.78 BILLION VERSUS CZK 2.07 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q2 NET BANKING INCOME CZK 7.24 BILLION VERSUS CZK 7.39 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q2 NET INTEREST INCOME CZK 4.999 BILLION VERSUS CZK 5.32 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q2 COST OF RISK CZK 1.58 BILLION VERSUS CZK -1.20 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS WE PERCEIVE THE ONGOING CRISIS AS AN OPPORTUNITY TO ACCELERATE OUR STEPS TOWARDS DIGITAL BANKING.KOMERCNI BANKA SAYS H1 LENDING VOLUME UP 4.9% Y/Y.KOMERCNI BANKA SAYS EXPECTS LOAN PORTFOLIO WILL RECORD A MID-SINGLE-DIGIT GROWTH RATE IN 2020.KOMERCNI BANKA SAYS TOTAL NET OPERATING INCOME FOR 2020 SHOULD RECORD A HIGH-SINGLE-DIGIT DECLINE IN COMPARISON WITH 2019.KOMERCNI BANKA SAYS EXPECTS OPERATING EXPENDITURES WILL REMAIN UNDER TIGHT CONTROL AND CONTINUE STABLE YEAR ON YEAR.KOMERCNI BANKA SAYS EXPECTS COST OF RISK WILL RISE ABOVE THE NORMALISED RATE OF 30 TO 40 BASIS POINTS AS A RESULT OF THE ECONOMIC DOWNTURN ON CLIENTS’ REPAYMENT CAPACITY.KOMERCNI BANKA SAYS IMPACT ON PROVISIONS WILL BE SPREAD ACROSS 2020 AND 2021, BUT THE COST OF RISK FOR 2020 IS EXPECTED TO BE CONTAINED BELOW 70 BASIS POINTS UNDER THE BANK’S IFRS 9 MACROECONOMIC SCENARIO FROM Q2.KOMERCNI BANKA SAYS MANAGEMENT EXPECTS THAT KB’S OPERATIONS WILL REMAIN PROFITABLE IN 2020.

Romania's BRD group H1 net profit down 47.3% to 414.7 mln lei

Aug 3 (Reuters) - Romanian lender BRD Group Societe Generale <ROBRD.BX>, majority-controlled by France's Societe Generale <SOGN.PA>: :Says its net profit fell 47.3% on the year in the first half to 414.7 million lei ($101.15 million), driven in part by higher expenses and negative costs of risk stemming from the new coronavirus pandemic..Says net lending rose 1.2% on the year, supported by corporate financing which rose 5.4% on the year while retail loans started rebounding in May after a two-month lockdown..Says pandemic drove deposits up 4.8% on the year..Says has a capital adequacy ratio of 27%, while the non-performing loans ratio (according to EBA definition) stood at 4.0% in June, compared with 3.8% in June 2019, with 74.5% covered by provisions. .Says BRD Group's net banking income fell 6.0% on the year to 1.51 billion lei, due to the decrease in net fees and commission and other revenues categories..Says net cost of risk turned negative to 225 million lei versus 144 million lei in the first half of 2019, mainly reflecting a worsening economic outlook..Says it offered loan postponements to over 44,000 clients..Francois Bloch, CEO: "Considering the significantly deteriorated context, BRD delivered an overall resilient financial performance and continued to build on solid fundamentals with strong capital, high liquidity and elevated asset quality.".

French bank SocGen buys neobank Shine

June 30 (Reuters) - Societe Generale SA <SOGN.PA>::* Societe Generale announces the acquisition of Shine, the neobank for entrepreneurs.* Shine is continuing its independent development with increased resources and will be marketed by Societe Generale in addition to its existing offer..* Synergies between Societe Generale and Shine will better support all entrepreneurs in their growth..* Shine has rapidly become a leading neobank, serving over 70,000 entrepreneurs, in just two years..* Launched in 2018, Shine raised €10.8 million from Daphni, Kima Ventures, XAnge, and several business angels..

Australia's ASIC Says Put Additional Conditions On AFS Licence Of Societe Generale Securities Australia

June 15 (Reuters) - Australia's ASIC ::PUT ADDITIONAL CONDITIONS ON AFS LICENCE OF SOCIETE GENERALE SECURITIES AUSTRALIA TO ENSURE COMPLIANCE WITH CLIENT MONEY REGULATION.SGSAPL MUST APPOINT INDEPENDENT EXPERT TO ASSESS & TEST CONTROLS, SYSTEMS & PROCESSES TO COMPLY WITH CLIENT MONEY REQUIREMENTS.NEED FOR ADDITIONAL CONDITIONS AFTER SGSAPL REPORTED IT DEPOSITED CLIENT MONEY INTO UNAUTHORISED BANK ACCOUNTS BETWEEN DEC 2014 & SEPT 2018.ADDITIONAL CONDITIONS REQUIRE SGSAPL TO PROVIDE ASIC WITH ATTESTATIONS FROM QUALIFIED SGSAPL SENIOR EXECUTIVE.ADDITIONAL CONDITIONS REQUIRE SGSAPL BOARD MEMBER CONFIRM ALL REMEDIAL ACTIONS RECOMMENDED BY INDEPENDENT EXPERT ARE ADOPTED & IMPLEMENTED.

Fitch Downgrades SocGen's Long-Term IRD To 'A-'

May 28 (Reuters) - FITCH::FITCH DOWNGRADES SOCIETE GENERALE'S <<<SOGN.PA>>> LONG-TERM IDR TO 'A-' FROM 'A'; OFF RWN; OUTLOOK STABLE.

S&P cuts SocGen's outlook to negative vs stable

May 18 (Reuters) - SocGen/S&P::* Revising the outlook on SG to negative from stable, and affirming the ratings at 'A/A-1' on the group, including its core banking subsidiaries..* S&P: believe the bank may have to further adjust its business model to restore the risk-adjusted profitability and revenue resilience of its investment banking division.

Romania's BRD group Q1 net profit down 20% to 240.76 mln lei

May 6 (Reuters) - Romanian lender BRD Group Societe Generale <ROBRD.BX>, majority-controlled by France's Societe Generale <SOGN.PA>: :Says its net profit fell 20% on the year in the first quarter to 240.76 million lei ($54.13 million), driven in part by lower net income from fees, as well as lowed fixed income revenue as a result of the coronavirus outbreak. .Says BRD Group's net banking income fell 2.2% on the year to 767 million lei. .Says return on equity was down 3.6 percentage points to 11.8%. .Says net loans rose 2.4% on the year..Says the quality of the loan portfolio further improved as shown by continued decline in non-performing loans ratio (according to EBA definition) to 3.3% at the end of March from 4.0% in the same period of last year..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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