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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

22.12EUR
21 Aug 2019
Change (% chg)

€0.01 (+0.07%)
Prev Close
€22.10
Open
€22.24
Day's High
€22.47
Day's Low
€22.04
Volume
3,117,332
Avg. Vol
5,259,165
52-wk High
€38.44
52-wk Low
€20.81

Latest Key Developments (Source: Significant Developments)

Komercni Banka Q2 profit higher than expected, confirms dividend outlook
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Komercni Banka as ::KOMERCNI BANKA H1 RECURRING NET PROFIT CZK 7.2 BILLION.KOMERCNI BANKA Q2 ATTRIBUTABLE NET PROFIT CZK 4.04 BILLION VERSUS CZK 3.78 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q2 NET BANKING INCOME CZK 8.22 BILLION VERSUS CZK 8.26 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q2 NET INTEREST INCOME CZK 5.87 BILLION VERSUS CZK 5.98 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS ABLE TO BOOK A NET RELEASE OF PROVISIONS FOR CREDIT LOSSES OF CZK 0.4 BILLION IN H1.KOMERCNI BANKA SAYS GROSS VOLUME OF LENDING TO CLIENTS ROSE BY 3.2% IN H1.KOMERCNI BANKA SAYS EXPECTS THE ANNUAL GROWTH RATE OF THE LOAN PORTFOLIO IN 2019 WILL REMAIN IN MID-TO LOW-SINGLE DIGITS.KOMERCNI BANKA SAYS TOTAL NET OPERATING INCOME FOR 2019 SHOULD IMPROVE SLIGHTLY IN COMPARISON WITH 2018.KOMERCNI BANKA SAYS EFFECT OF INCREASING LOAN AND DEPOSIT VOLUMES WILL BE OFFSET BY THE CONTINUING COMPETITIVE PRESSURE ON LENDING SPREADS AND MODERATELY RISING COST OF DEPOSITS.KOMERCNI BANKA SAYS POSSIBLE COST OF RISK FOR THE FULL YEAR MAY REACH EVEN NEGATIVE LEVEL (I.E. NET RELEASE OF PROVISIONS).KOMERCNI BANKA REITERATES EXPECTS TO PAY OUT IN DIVIDENDS 65% OF 2019 CONSOLIDATED NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS.  Full Article

EDF signs new sustainable revolving credit facilities with Credit Agricole and SocGen
Monday, 22 Jul 2019 

July 22 (Reuters) - Electricite de France SA ::* EDF signs two bilateral sustainable revolving credit facilities with Crédit Agricole CIB and Societe Generale CIB, bringing the total of its sustainability-linked loans to over €5 billion.* EDF signed two €300 million sustainability-indexed revolving credit facilities (RCF) which incorporate a pricing adjustment based on EDF’s sustainability performance linked to CO(2) emissions and energy efficiency..* One facility was signed with the Group Crédit Agricole led by Crédit Agricole CIB including LCL and Crédit Agricole d’Ile-de-France, another one with Societe Generale CIB..* Revolving credit facilities with an ESG (environmental, social, governance) now represent a total of over €5 billion, i.e. around 45% of EDF Group credit lines..  Full Article

SocGen to buy Socalfi in New Caledonia
Thursday, 18 Jul 2019 

July 18 (Reuters) - Societe Generale and My Money Bank today announce they have entered into exclusive discussion for the acquisition by Societe Generale of the shares of Socalfi, a fully-owned subsidiary of My Money Bank in New Caledonia*. :.  Full Article

SocGen and fund platform MFEX form partnership on fund distribution services
Thursday, 27 Jun 2019 

June 27 (Reuters) - Societe Generale SA ::* Societe Generale and MFEX, a global fund distribution platform, announce the signature of a long-term partnership agreement related to Societe Generale Securities Services’ (SGSS) Global Fund Trading activities in Luxembourg. .* As part of this agreement, MFEX would manage all post trade services related to funds, currently operated by Societe Generale Luxembourg. MFEX would also integrate all the Societe Generale’s employees working for these activities. .* This transaction is subject to the approvals of the relevant authorities..* Societe Generale Securities Services would continue to provide its clients with a global service offering, while leveraging through this partnership on MFEX’s expertise as a benchmark provider of services linked to international fund distribution .  Full Article

Societe Generale Appoints Philippe Amestoy As Director Of Its French Retail Bank Network
Monday, 24 Jun 2019 

June 24 (Reuters) - Societe Generale SA ::SOCIETE GENERALE APPOINTS PHILIPPE AMESTOY AS NEW DIRECTOR OF ITS FRENCH RETAIL BANK NETWORK.SOCIETE GENERALE APPOINTS ANDRE GARDELLA AS FRENCH RETAIL BANK NETWORK OPERATIONS AND TRANSFORMATION DIRECTOR, REPLACING PHILIPPE AMESTOY.  Full Article

French bank SocGen signs up to plans to promote decarbonisation in shipping industry
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Societe Generale SA ::* Societe Generale announces it is one of the founding signatories to the Poseidon Principles in collaboration with the Global Maritime Forum, and in league with a significant number of the shipping industry’s leading banks.* The Poseidon Principles promote a low carbon future for the global shipping industry by integrating climate considerations into bank portfolios and credit decisions. The Poseidon Principles are consistent with the International Maritime Organisation’s (IMO) ambition to reduce shipping’s greenhouse emissions by at least 50% by 2050 .  Full Article

Komercni Banka confirms loan, dividend outlook, sees no signs of cost of risk deterioration
Friday, 3 May 2019 

May 3 (Reuters) - Komercni Banka as ::KOMERCNI BANKA CFO SPERL SAYS EXPECTS LENDING TO GROW AT MID-SINGLE DIGIT PACE IN 2019, AROUND 5 PERCENT.KOMERCNI BANKA CFO SPERL SAYS EXPECTS NEW HOUSING LOAN SALES DOWN 15-18 PERCENT FOR FY 2019.KOMERCNI BANKA CFO SPERL SAYS EXPECTS FLATTISH NET FEES IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS STICKING TO GUIDANCE OF BANKING REVENUE GROWTH OF 2-3 PERCENT IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS EXPECTS OPEX TO BE AT LEVEL OF INFLATION IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS.KOMERCNI BANKA CFO SPERL SAYS WE DON'T SEE ANY SIGNS OF DETERIORATION OF COSTS OF RISKS, CANNOT EXCLUDE THERE COULD STILL BE NET RELEASE IN FY 2019.KOMERCNI BANKA CONFIRMS INTENDS FOR 2019 TO PROPOSE DISTRIBUTING AS DIVIDENDS 65% OF ATTRIBUTABLE CONSOLIDATED NET PROFIT.  Full Article

Komercni Banka Q1 net profit slightly below estimates
Friday, 3 May 2019 

May 3 (Reuters) - Komercni Banka as ::KOMERCNI BANKA Q1 ATTRIBUTABLE NET PROFIT CZK 3.18 BILLION VERSUS CZK 3.26 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q1 NET BANKING INCOME CZK 8.0 BILLION VERSUS CZK 8.25 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS BOOKED A NET RELEASE OF PROVISIONS FOR CREDIT RISK AMOUNTING TO CZK 176 MILLION IN Q1.KOMERCNI BANKA SAYS NET INTEREST INCOME GREW BY 9.2 PERCENT Y/Y IN Q1.KOMERCNI BANKA Q1 NET INTEREST INCOME CZK 5.89 BILLION VERSUS CZK 5.95 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS LENDING GREW 4.0 PERCENT Y/Y IN Q1.KOMERCNI BANKA SAYS LACK OF CLEAR TREND FOR FUTURE CZK IR AND FX RATES LIMITING CLIENTS’ DEMAND FOR POSITIONS HEDGING -PRESENTATION.  Full Article

Hungary's OTP buys Slovenian SKB Banka from SocGen
Friday, 3 May 2019 

May 3 (Reuters) - OTP Bank Nyrt ::HUNGARY'S OTP HAS SIGNED AN AGREEMENT TO BUY SKB BANKA, THE SLOVENIAN SUBSIDIARY OF SOCIETE GENERALE.SKB BANKA HAS A MARKET SHARE OF NEARLY 9 PCT.FINANCIAL CLOSURE OF TRANSACTION EXPECTED IN THE COMING MONTHS PENDING REGULATORY APPROVAL.OTP DOES NOT DISCLOSE FINANCIAL TERMS.  Full Article

Komercni Banka AGM Approves Czk 51 Per Share Dividend
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Komercni Banka as ::KOMERCNI BANKA AGM APPROVES CZK 51 PER SHARE DIVIDEND -IR.  Full Article

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SocGen's shares rise as bank boosts solvency ratio

PARIS Shares of Societe Generale, France's third-largest bank by market capitalisation, jumped on Thursday after it hit its solvency target a year early, easing investor concerns it would have to raise more capital.