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Societe Generale (SOGN.PA)

SOGN.PA on Paris Stock Exchange

47.13EUR
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Latest Key Developments (Source: Significant Developments)

SocGen's car leasing unit ALD Automotive posts higher 2016 profit
Friday, 3 Mar 2017 02:14am EST 

Societe Generale car leasing unit ALD Automotive says in a statement: 2016 net income 511.7 million euros, up 21 percent . Total 2016 income up 6.1 pct to 1.244 billion euros . Says 2016 fleet growth of 14 percent with approximately 1.4 million vehicles managed worldwide. . Group expects the following performance for the next three years: total fleet is expected to grow annually at approximately 8-10 pct, services margin and financial margin to grow annually at approximately 8–10pct, increasing their share of total income. . Post tax return on average earning assets is targeted to be superior to 3.5 pct over the period 2017-2019 .dividend distribution is targeted in the 35 pct-40 pct range of the group share of net income for next three years.  Full Article

SocGen selling Splitska Banka to OTP Bank, deal to boost its capital ratios
Wednesday, 21 Dec 2016 02:09am EST 

Societe Generale : Definitive agreement with OTP Bank to sell Splitska Banka (SGSB), its fully owned subsidiary in Croatia. . Societe Generale says Splitska Banka deal to have an impact of around -240 million euros on the group’s 4th quarter 2016 earnings .Societe generale says Splitska Banka deal will generate at completion a positive impact on the group’s financial ratios (CET1 + 8.5 bps)..  Full Article

Rosbank to place RUB 5 billion bonds
Tuesday, 6 Dec 2016 10:44am EST 

:. Rosbank plans book building for its 5 billion rouble ($78.29 million) 10-year bonds on Dec. 13 .. Benchmark coupon rate is 9.80-9.95 pct per annum .. Benchmark yield rate is 10.04-10.20 pct per annum For further company coverage [ROSB.MM] For the story in Russian, click [nL5N1E14FD] ($1 = 63.8680 roubles) (Reporting by Elena Orekhova, translated by Gdynia newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Socgen says its regulatory cet1 phased-in ratio as of end sept 2016 gives the group comfortable room for manoeuvre to meet new ecb requirements
Thursday, 1 Dec 2016 02:01pm EST 

in ratio as of end sept 2016 gives the group comfortable room for manoeuvre to meet new ecb requirements:.  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

Societe Generale and La Banque Postale announce pooling of payment systemes
Tuesday, 21 Jun 2016 05:55am EDT 

Societe Generale : Societe Generale and La Banque Postale announce pooling of payment systemes in a partnership with Sopra Banking Software . Agreement between Societe Generale and La Banque Postale aims to extend activities of their JV, Transactis Further company coverage: [SOGN.PA] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Societe Generale chief to testify to French senate on Panama Papers - FT
Monday, 11 Apr 2016 09:03am EDT 

Societe Generale:The chief executive of Société Générale is to be hauled in front of the French senate on Tuesday to answer questions about his bank’s role in setting up offshore companies for clients in Panama. - FT.Frédéric Oudéa has been called to appear after the bank was identified in the Panama Papers data leak as the fourth most prolific user of law firm Mossack Fonseca to set up offshore shell companies.It commissioned the creation of 979 such companies for clients.SocGen admitted last week that it had set up accounts for clients via Mossack Fonseca but said that media reports were giving rise to “outrageous misconceptions”.The bank said that it closed operations in Panama as well as Philippines and Brunei because they were on the OECD “grey list”. The offshore companies set up by SocGen were not owned by the bank “but by clients,” it said.The SocGen board reiterated its support for management on Friday and said the bank was “especially vigilant” around the application of rules and safeguards against money laundering and tax evasion.  Full Article

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SocGen seeks to make top management structure leaner

PARIS France's Societe Generale is seeking to make its top management structure leaner to better answer its clients' needs, a spokeswoman for the bank said on Friday.