SocGen CEO: Russia ops to hit 15 pct ROE by 2015

MOSCOW, June 19 Wed Jun 19, 2013 4:33am EDT

Related Topics

MOSCOW, June 19 (Reuters) - French bank Societe Generale aims to deliver a sustainable return on equity of over 15 percent on its Russia operations by 2015, SocGen Chief Executive Frederic Oudea said on Wednesday.

"Our teams are pursuing a clear turnaround roadmap," Oudea told a media event in Moscow, citing a focus on optimising costs while growing revenues and keeping risks under control.

(Reporting by Lionel Laurent; editing by Geert De Clercq)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article