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Societe Generale (SCGLY.PK)

SCGLY.PK on OTC Markets Group

9.88USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Romania's BRD bank nine-month net profit jumps 67.3 pct y/y
Thursday, 3 Nov 2016 08:15am EDT 

Romanian lender BRD Groupe Societe Generale : Says records net profit of 586 million lei ($144.31 million) in the first nine months, up 67.3 percent from 351 million lei in the same period of last year. . The overall net profit of the BRD group, which includes leasing and asset management, stood at 606 million lei, up 67.9 percent on the year. . Says the group's net banking income rose by 9.6 percent to 2.11 billion lei because of higher net interest income, net fees and commissions and other banking income. . Says other banking income marked a significant increase thanks to VISA Europe transaction gain (registered in the second quarter of 2016) and income from disposals of government bonds and fund units. . Says the downward trend registered in the net cost of risk continued. The net cost of risk decreased by 20.3 percent from the same period of last year. . Write offs operations and sale of impaired loan portfolios led to a reduction of the non-performing loans (defined according to EBA methodology) to 10.8 percent as of Sept. 30, 2016 from 15.3 percent as of Sept. 30, 2015.Further company coverage: ROBRD.BX($1 = 4.0608 lei) (Bucharest Newsroom) ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) Keywords: BRD RESULTS/ (BRIEF).  Full Article

Komercni Banka not setting dividend policy for future years
Thursday, 3 Nov 2016 05:14am EDT 

Komercni Banka As : Komercni banka cfo confirms loan growth of high single digits in 2016 . Komercni banka ceo says does not intend to formulate dividend policy yet for dividend policy . Komercni banka cfo says capital adequacy range to rise to 16-17 percent .Komercni banka cfo says believes bank will be able to deliver stable revenue in 2017.  Full Article

Komercni Banka shares falls after dividend plans
Thursday, 3 Nov 2016 03:57am EDT 

Komercni Banka As : Komercni banka shares fall over 1 percent . Company says intends to propose 2016 dividend at level of 61 percent of recurring net profit (or 55 percent of net income including extraordinary gains) [nL8N1D416C] . Analysts say plan implies dividend of around 40 crowns/share, or 4.5 percent dividend yield . Company abandoned higher payouts of 80-100 percent of profit, seen in previous two years, due to new capital requirements . In the past, had paid out around 60-70 percent of profit Further company coverage: [BKOM.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

TBC Bank buys 93.6 pct stake in Bank Republic
Monday, 12 Sep 2016 02:00am EDT 

Tbc Bank Group Plc : TBC bank acquires 93.64 pct stake in Bank Republic . Agrees to acquire 93.64 pct stake in JSC Bank Republic, for GEL 315 million (103 mln stg) .Has entered into a definitive agreement with Societe Generale S.A. to acquire its 93.64 pct stake in its Georgian subsidiary.  Full Article

TBC Bank Group confirms deal talks with JSC Bank Republic
Thursday, 8 Sep 2016 12:11pm EDT 

TBC Bank Group Plc : Says confirms that it is in discussions regarding potential acquisition of JSC Bank Republic .Terms of any potential agreement have not yet been agreed..  Full Article

SocGen's stake in Generali is from transactions done on behalf of clients
Wednesday, 7 Sep 2016 10:50am EDT 

Societe Generale says: its 4.171 percent stake in Italian insurer Generali and its 0.9 percent of voting rights results from transactions conducted on behalf of clients in the context of its market activities Further company coverage: [GASI.MI] (Reporting by Milan newsroom).  Full Article

Societe Generale had 4.171 pct of Generali on Aug 29, voting rights 0.9 pct
Tuesday, 6 Sep 2016 01:07pm EDT 

Filings of Italian market regulator Consob show: Societe Generale had 4.171 percent of Italy's Generali on August 29 . Of this Societe Generale had 0.9 percent in voting rights, a potential stake of 1.557 percent and long positions equal to 1.71 percent Further company coverage: [GASI.MI] (Reporting by Milan newsroom).  Full Article

SocGen' comments after Q2 results
Wednesday, 3 Aug 2016 03:58am EDT 

Below are comments made by Societe Generale's executives during a conference call with journalists: SocGen CEO says no changes in dividend policy . SocGen CFO says targets CEO 1 ratio of 11.5 to 12 percent by 2018 Further company coverage: [SOGN.PA] ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52 ;)).  Full Article

Romania's BRD bank H1 net profit jumps 65 pct y/y
Wednesday, 3 Aug 2016 03:57am EDT 

Romanian lender BRD Groupe Societe Generale : Says records net profit of 382 million lei ($96.22 million) in the first half, up 65 percent from 232 million lei in the same period of last year. . The overall net profit of BRD Group, which includes leasin and asset management, stood at 381 million lei, up 64 percent on the year. . Says its net banking income rose by 13.7 percent in the half to 1.38 billion lei because of higher net interest income and net fees and commissions. . Says its non-performing loan ratio fell to 14.4 percent, from 18.6 percent at the end of June 2015. . Says it set aside general provisions worth 90 million lei to account for a law passed this year that enables borrowers to walk away from their mortgaged properties. . Further company coverage: ROBRD.BX ($1 = 3.9702 lei) (Bucharest newsroom) ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) Keywords: BRD RESULTS/ (BRIEF).  Full Article

EDF said to pick JP Morgan, HSBC,Societe Generale SA and BNP Paribas SA for 4 billion Euro fundraising- Bloomberg
Monday, 27 Jun 2016 08:59am EDT 

: EDF said to pick JP Morgan, HSBC,Societe Generale SA and BNP Paribas SA for 4 billion Euro fundraising- Bloomberg,citing sources Source (http://bloom.bg/298ifyF) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

SocGen bets growth, inflation will lift global equities in 2017

LONDON, Nov 29 French investment bank Societe Generale said on Thursday global equity markets are poised for stronger returns in 2017 as a mix of inflation, stronger economic growth and shareholder-friendly policy boosts appetite for stocks.