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SocGen CEO: Russia ops to hit 15 pct ROE by 2015
June 19, 2013 / 8:37 AM / 4 years ago

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

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

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