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Appointment within the Societe Generale Group
GlobeNewswire· 2025-03-28 06:30
Core Viewpoint - Societe Generale has appointed Alexis Kohler as Executive Vice President, effective June 2025, to enhance the bank's leadership team and support its development in Investment Banking and transformation initiatives [1][2]. Group Executive Committee - The Group Executive Committee will include Slawomir Krupa as CEO, Pierre Palmieri as Deputy CEO, and Alexis Kohler as Executive Vice President and Chairman of Investment Banking, among others [3][5]. Responsibilities of Alexis Kohler - Alexis Kohler will lead Mergers & Acquisitions, Equity Capital Markets, and Acquisition Finance activities, and will coordinate coverage teams for large clients [4]. - He will assist the CEO in implementing transformation programs and oversee the Group's General Secretariat, Human Resources, and Communication departments [4]. Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [6]. - The bank has a long history of 160 years in providing a wide array of advisory and financial solutions, emphasizing sustainable value creation for stakeholders [6]. Business Segments - The Group operates three complementary business sets, focusing on environmental transition and sustainability, and is included in major socially responsible investment indices [7][11].
Societe Generale: Renewals and appointments of board members proposed to the General Meeting to be held on 20 May 2025
GlobeNewswire· 2025-03-12 18:24
Core Points - The Board of Directors of Societe Generale has proposed renewals and appointments of board members ahead of the Shareholders' General Meeting scheduled for 20 May 2025 [1] - The proposal includes the replacement of two female directors and the renewal of three male directors [1] - The board composition will reflect 42% women, 92% independent directors, and 40% foreign nationals if the proposals are approved [8] Board Member Changes - Mrs. Ingrid-Helen Arnold, aged 56, will be proposed for her first term as an independent Director, bringing expertise in information systems and digital transformations [2] - Mr. Olivier Klein, aged 67, will also be proposed for his first term as an independent Director, with a strong background in retail banking and macroeconomic issues [3] - Mr. William Connelly, aged 67, will be proposed for a third term as a Director, recognized for his financial experience in investment banking and asset management [4] - Mr. Henri Poupart-Lafarge, aged 55, will be proposed for a second term as a Director, with extensive experience in managing large international groups [5] - Mr. Sébastien Wetter, representing employee shareholders, is proposed for renewal alongside Mrs. Emmanuelle Pételle as a replacement [6][7] Board Composition and Skills - The proposed board will consist of 12 members, ensuring a diverse skill set necessary for defining and monitoring the strategy of Societe Generale [9] - The board's composition aims to enhance its ability to function effectively and meet its strategic objectives [9]
Societe Generale: availability of the 2025 Universal Registration Document with the annual financial report
GlobeNewswire· 2025-03-12 18:16
Core Points - Societe Generale has filed the 2025 Universal Registration Document with the French Financial Markets Authority, which includes the 2024 annual financial report and sustainability report in compliance with EU directives [1][2] - The annual financial report includes a correction regarding the Liquidity Coverage Ratio (LCR) as of December 2024, which stands at 162%, indicating a strong liquidity profile for the Group [3] - The Universal Registration Document is available to the public free of charge and can be accessed on the company's website and the AMF's website [4] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries, providing a wide range of advisory and financial solutions [5] - The Group operates three complementary business segments, which include corporate governance reports, statutory auditors' reports, and sustainability certification reports [6] - The company is committed to sustainability and is included in major socially responsible investment indices, reflecting its dedication to environmental transition and sustainable practices [9]
Societe Generale: Availability of the 2025 Universal Registration Document with the annual financial report
GlobeNewswire· 2025-03-12 18:14
Core Points - Societe Generale has filed the 2025 Universal Registration Document with the French Financial Markets Authority, which includes the 2024 annual financial report and sustainability report in compliance with EU directives [1][2] - The document contains a correction regarding the Liquidity Coverage Ratio (LCR) as of December 2024, which is confirmed to be 162%, indicating a strong liquidity profile for the Group [3] - The Universal Registration Document is available to the public free of charge and can be accessed on the company's website and the AMF's website [4] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients in 65 countries, providing a wide range of financial solutions [5] - The Group operates three complementary business segments, integrating ESG offerings for clients, including corporate governance reports and sustainability certifications [6] - The company is committed to sustainability and is included in major socially responsible investment indices, highlighting its focus on environmental transition and sustainable practices [9]
Societe Generale: shares and voting rights as of 28 February 2025
GlobeNewswire· 2025-03-10 16:36
Group 1 - As of February 28, 2025, the total number of shares composing the current share capital is 800,316,777 [2] - The total number of voting rights is reported as 884,808,215 [2] - This information is disclosed in compliance with the French Commercial Code and AMF General Regulations [1] Group 2 - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients in 65 countries [3] - The bank has a strong commitment to sustainability and is included in major socially responsible investment indices [4] - Societe Generale operates three complementary business segments, including retail banking, global banking, and international retail banking [6]
Societe Generale: Appointment within the Societe Generale Group
GlobeNewswire· 2025-02-24 07:00
APPOINTMENT WITHIN THE SOCIETE GENERALE GROUP Press release Paris, 24 February 2025 Societe Generale announces the appointment of Lubomira Rochet as Executive Vice President in charge of Retail Banking activities in France, Private Banking and Insurance, as well as the Group's Chief Operating Office (technology, procurement and real estate). She will join the Bank in April 2025. Lubomira will also become a member of the Group Executive Committee. Lubomira Rochet's mission will be to assist Slawomir Krupa, C ...
Societe Generale: Information regarding executed transactions within the framework of a share buyback program (outside the liquidity agreement)
GlobeNewswire· 2025-02-17 16:55
Core Points - Societe Generale initiated a share buyback program amounting to EUR 872 million aimed at share cancellation, starting from February 10, 2025 [1][2] - The buyback program is authorized by supervisory authorities and complies with the conditions set forth in the General Meeting of May 22, 2024 [2] - As of February 14, 2025, Societe Generale completed 12% of its buyback program, which represents 0.4% of its total share capital [3] Buyback Details - The buyback transactions occurred from February 10 to February 14, 2025, with a total of 2,827,803 shares repurchased at a daily weighted average price of EUR 36.6008 [4][5] - The daily breakdown of shares purchased includes: - February 10: 601,244 shares at prices ranging from EUR 35.7415 to EUR 35.7792 [4] - February 11: 594,546 shares at prices ranging from EUR 36.1305 to EUR 36.1667 [5] - February 12: 525,676 shares at prices ranging from EUR 37.0716 to EUR 37.1056 [5] - February 13: 550,947 shares at prices ranging from EUR 37.1090 to EUR 37.2202 [5] - February 14: 545,390 shares at prices ranging from EUR 36.9096 to EUR 36.9131 [5] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries [6] - The bank offers a wide range of financial solutions and is committed to sustainable value creation for its stakeholders [6][7] - Societe Generale operates three main business segments: French Retail Banking, Global Banking and Investor Solutions, and International Retail Banking and Financial Services, with a focus on ESG offerings [7][8]
Societe Generale: shares and voting rights as of 31 January 2025
GlobeNewswire· 2025-02-12 16:54
Core Points - The total number of shares composing the current share capital as of 31 January 2025 is 800,316,777 shares [2] - The total number of voting rights is reported as 885,499,593 [2] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries [3] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - Societe Generale emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [4] - Societe Generale aims to be a leading partner in environmental transition and sustainability, being included in major socially responsible investment indices [4] - The bank's business segments include French Retail, Private Banking and Insurance, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services [6]
Societe Generale: Fourth quarter & 2024 full year results
GlobeNewswire· 2025-02-06 05:25
RESULTS AT 31 DECEMBER 2024 Press release Paris, 6 February 2025 2024 RESULTS ABOVE ALL GROUP TARGETSGROUP NET INCOME OF EUR 4.2 BILLION, +69% vs. 2023 Annual revenues of EUR 26.8 billion, up by +6.7% vs. 2023, above the ≥+5% target set for 2024, driven in particular by the strong rebound in net interest income in France and by an excellent performance in Global Banking and Investor Solutions with revenues above EUR 10 billion Cost-to-income ratio of 69.0%, below the target of <71% set for 2024, thanks to t ...
Societe Generale: Half-Year statement on the Liquidity agreement
GlobeNewswire· 2025-01-15 16:52
Core Points - The liquidity agreement between Societe Generale and Rothschild Martin Maurel is highlighted, detailing the number of executed transactions and exchanged volumes from July 1 to December 31, 2024 [1] - As of December 31, 2024, the liquidity account held assets amounting to €5,429,174, with a historical context of changes in asset allocation since the agreement's inception in 2011 [3] Transaction Summary - From July 1 to December 31, 2024, a total of 784 purchase transactions and 881 sale transactions were executed, with a total quantity of shares purchased being 274,319 and sold being 289,019 [2] - The monthly breakdown shows significant trading activity, with notable volumes on specific dates, such as July 5, 2024, with 13,500 shares purchased and 13,500 shares sold [4] - The total number of transactions in December 2024 was 998 purchases and 1,053 sales, with a total quantity of shares purchased being 325,200 and sold being 342,200 [6] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries, providing a wide range of financial solutions [7] - The bank operates through three main business segments: French Retail, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services, emphasizing its commitment to sustainability and ESG initiatives [8][9]