Société Générale S.A. (SocGen) is one of the main European financial services company with extensive activities in others parts of the world too. The net banking product breaks down by activity as follows: financing and investment banking, retail banking in France and abroad, provision of specialized financial services, asset management and other. Total assets: €1,139.8 billion (as of March 31, 2011). Net income: €3.917 billion (for 2010).
SOCIETE GENERALE is one of the oldest banks in France. The original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France (English: General Company to Support the Development of Commerce and Industry in France). Société Générale is often nicknamed SocGen in the international financial world.
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Société Générale :: Press Releases
08.11.2011 Societe Generale Group reports third quarter 2011 net income of €622 million, compared to €896 million in third quarter 2010. More
05.05.2011 Group reports first quarter 2011 net income of €0.916 billion (approx. US$ 1.36 billion), compared to €1.063 billion in the first quarter 2010 (down 13.8%). More
04.08.2010 At its August 3rd 2010 meeting, the Board of Directors of Societe Generale approved the financial statements for Q2 and H1 2010. With Group net income of EUR 1.08 billion in Q2 2010 (EUR 2.15 billion in H1), Societe Generale has confirmed its rebound. More
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
Société Générale S.A. (SocGen) is one of the main European financial services company with extensive activities in others parts of the world too. The net banking product breaks down by activity as follows: financing and investment banking, retail banking in France and abroad, provision of specialized financial services, asset management and other. Total assets: €1,139.8 billion (as of March 31, 2011). Net income: €3.917 billion (for 2010).
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