Société Générale Société anonyme Stock

Société Générale Société Anonyme operates as a financial services company in Europe.

The company has built a solid diversified banking model suited to the needs of its 25 million corporate, institutional and individual clients. It is structured around three complementary and diversified businesses, all benefiting from strong market positions, such as French Retail Banking; International Retail Banking and Financial Services; and Global Banking and Investor Solutions.

In the Retail Banking businesses, the company focuses on development in European markets selected for their growth potential (France, the Czech Republic and Romania) and Africa where it has an historic presence, refined understanding of the markets and top-tier positions.

In International Financial Services, the company relies on franchises benefiting from leadership positions worldwide. As part of the company's prime focus on developing its mobility franchises, it announced ALD's plan to acquire LeasePlan. In the Global Banking and Investor Solutions businesses, the company provides high value-added solutions to its clients in the Europe, the Middle East and Africa (EMEA) region, the U.S. and Asia. Focused on Europe yet boasting a global network, the Societe Generale Group capitalises on leadership positions driven by cross-business synergies to create value for stakeholders. The company leverages its diversified model to meet the needs of its corporate and professional clients, as well as its individual clients.

The French Retail Banking business has made sweeping changes to its model in response to rapidly evolving client behaviours and demand for ever greater convenience, expertise and customised products and services. The pace of this transformation has picked up since 2020, with two major strategic initiatives: the merger of Credit du Nord and Societe Generale, and moves to ramp up growth at Boursorama. These initiatives are designed to cement the company's winning combination of a fully online banking model coupled with a network banking model offering both digital and human expertise - a combination that stands out in the French market.

International Retail Banking and Financial Services is a profitable growth driver for the company thanks to its leading positions in high-potential markets, its operational efficiency and digital transformation initiatives, and its ability to unlock synergies with other its activities. These businesses have undergone a major transformation over the last few years to fully refocus the portfolio, introduce a more optimised model and improve the underlying risk profile. International Retail Banking activities are mainly located in regions outside the eurozone. They benefit from positive long-term growth fundamentals and the current uptick in interest rates, despite the prevailing economic uncertainty in those regions due to high inflation.

Global Banking and Investor Solutions (GBIS) pushed further ahead with initiatives rolled out with respect to its five strategic pillars - balancing its business mix, bringing down its profitability threshold, reducing its idiosyncratic risk profile, increasing its share of CSR-native businesses and expanding the reach of its digitalisation.

Global Banking and Investor Solutions stands on strong foundations: it has built up a solid and stable diversified client base, high value-added product franchises and and recognised sector expertise backed by a global network. Global Banking and Investor Solutions (GBIS) serves the financing and investment requirements of large and diversified client base spanning corporates, financial institutions and public-sector entities. GBIS focuses on delivering value to all its stakeholders through sustainable and profitable growth.

French Retail Banking (RBDF) offers a wide range of products and services suited to the needs of a diversified base of individual and professional clients, businesses, non-profit associations and local authorities. It leverages on synergies with the company's specialized businesses, in particular the Insurance, the Private Banking or the Corporate & Investment Banking businesses. Accordingly, French Retail Banking distributes insurance products of Sogecap and Sogessur, subsidiaries which are part of the International Retail Banking and Financial Services' division.

The Societe Generale network offers solutions tailored to the needs of its 6.7 million individual clients as well as almost 420,000 professional clients, non-profit associations and corporate clients.

The Credit du Nord group consists of nine regional banks - Courtois, Kolb, Laydernier, Nuger, RhÔne-Alpes, Societe Marseillaise de Credit, Tarneaud, Societe de Banque Monaco and Credit du Nord - and an investment services provider, the brokerage firm Gilbert Dupont

Boursorama is a subsidiary of Societe Generale and a pioneer and leader in France for its three main businesses: online banking, brokerage and online financial information at boursorama.com.

At end-2022, Boursorama served nearly 4.7 million clients - a 41% increase in the space of a year alone. Societe Generale Private Banking has an extensive foothold in Europe and offers global financial engineering and wealth management solutions, in addition to global expertise in structured products, hedge funds, mutual funds, private equity funds and real estate investment solutions. It also offers clients access to the capital markets.

International Retail Banking combines the services of the international banking networks and consumer finance activities. These networks are forging ahead with their growth policy and hold leading positions in their various regions of operation, such as Europe, the Mediterranean Basin and sub-Saharan Africa. They help finance the economies in the different regions where they operate. In this way, the company continues to support the development of its activities through these high-potential geographic regions.

The company operates in Western Europe exclusively through its consumer finance and car finance businesses (CGI in France, BDK and Hanseatic Bank in Germany, and Fiditalia in Italy). In Overseas France, the company operates in Reunion and Mayotte, French Polynesia and New Caledonia. Societe Generale offers the same services for individual and corporate customers in these regions as in mainland France.

Societe Generale Assurances lies at the core of Societe Generale Group's development strategy, in synergy with all its retail banking, private banking and financial services businesses. Societe Generale Assurances also pursues the expansion of its distribution model through the development of external partnerships Societe Generale Assurances offers a full range of products and services to meet the needs of individual, professional and corporate clients in Life Insurance Savings, Retirement Savings and Personal Protection businesses.

ALD Automotive offers mobility solutions centred on operational vehicle leasing and fleet management for businesses of all sizes in both local and international markets. It also serves individual customers. ALD Automotive boasts the largest geographical coverage of any leasing company (43 countries) and manages more than 1.8 million vehicles. It has unique knowledge of emerging markets and has established partnerships with Wheels in North America, FleetPartners in Australia and New Zealand, Absa in South Africa, AutoCorp in Argentina, and Arrend Leasing in Central America.

Societe Generale Equipment Finance specialises in vendor and professional equipment finance. The business is conducted through partnership agreements with international vendors (professional equipment manufacturers and distributors), and also directly with manufacturers and distributors. SGEF has established its expertise in four major sectors spanning the transport, industrial equipment, technology and healthcare and environmental sectors.

Societe Generale Group is one of leaders in the equipment finance business. It has a broadly diverse customer base, ranging from large international companies to SMEs, to which it offers an extensive array of products, such as financial leasing, loans, rentals, purchase of receivables, as well as insurance and marketing services.

The Global Markets and Investor Services (GMIS) Division includes Global Markets' activities formed by the Fixed Income and Currencies, Equities and Securities Services arms. Fixed Income and Currencies (FIC) activities cover a comprehensive range of products and services ensuring the liquidity, pricing and hedging of risks related to the fixed income, credit, forex and emerging market activities of Societe Generale clients.

The Societe Generale Security Services (SGSS) business offers a comprehensive range of solid and effective securities services, including: market-leading clearing services; custody and depository bank activities, covering all asset classes; fund administration services for managers of complex financial products; issuer services, including administration of stock option plans and employee shareholdings; liquidity management services (cash and securities); and transfer agent activities, providing a comprehensive suite of services ranging from support to fund distribution.

Financing and Advisory is responsible for covering and developing global relationships with the Bank's strategic clients. The Department houses: the Global Banking & Advisory platform (GLBA) which combines in one business unit the Coverage teams dedicated to Global Banking customers and the business teams: mergers and acquisitions, advisory and other corporate finance advisory corporate banking and investment banking, namely capital raising solutions for debt or equity, financial engineering and hedging for issuers; and the services of Global Transaction and Payment Services.

The GLBA platform operates on a worldwide scale with expert teams located in France and Europe, the CEEMEA region, the Americas and in Asia. The teams' knowledge of clients and local regulations are key to conducting domestic, international and cross-border activities due to the international dimension of their business.

Global Banking & Advisory teams provide issuer clients with a comprehensive suite of products and integrated solutions, products and advisory, and are housed in three divisions:the Asset Finance Division, which consists of five businesses: development and structured export finance, aircraft finance, shipping industries, real estate finance, structured solutions and mobility finance, which employs over 200 specialists. Offering a wide range of products, experienced professionals design tailor-made solutions for clients, financial companies and public institutions, combining financial know-how and industry expertise. The company is a leader in syndicated real estate finance loans in EMEA; the Natural Resources and Infrastructures Division is tasked with developing a global activity in the natural resources, energy and infrastructure sectors; and the Asset Backed Products Division, which combines GLBA's primary markets expertise, blends sectoral skills, securitisation and structuring with know-how in secondary market trading, distribution channels and debt security refinancing, making it possible to capitalise on credit capacities and act as the single entry point for ABS-type products and structured loans, and assist the development of its issuer clients and investors.

The Investment Banking teams offer customers, businesses, financial institutions and the public sector an integrated, comprehensive and tailored approach, leveraging its in-depth sectoral knowledge and execution capacity recognised both locally and internationally. The offer relies on a full array of investment banking services to cover their clients' investment banking needs - strategic advisory, mergers and acquisitions, capital and debt markets, and acquisition and leveraged finance.

Societe Generale holds a leading position in the equity capital markets and on euro-denominated issues for corporate and financial institutions, as well as in acquisition finance in Europe. The Global Transaction & Payment Services (GTPS) teams focus on economic and financial operators and domestic and international financial institutions, medium and large companies with international and multinational activities that require flow management assistance for their banking, commercial, corporate flows and/or payment flow assistance. Their role is to also provide expert assistance to retail Business Units also operating these business lines and manage the company's euro payment platform. Operating in more than 40 countries, the business offers a comprehensive and integrated range of solutions and services, leveraging the expertise of the Transaction Banking businesses. It houses five transactional banking activities: cash management; trade finance; cash clearing and correspondent banking; receivables and supply chain finance; foreign exchange services associated with the payments of its activities, in partnership with Global Market.

Strategy

The key elements of the company's strategy are to accelerated growth of online bank Boursorama, taking the total client base to 4.7 million, including the 315,000 clients that were onboarded following the partnership agreement signed with ING; and further development in ALD's long-term rental business which is due to close the deal to acquire LeasePlan in the first half of 2023, notably subject to receiving the remaining approvals and the performance of other standard conditions precedent.

History

Societe Generale Societe Anonyme was founded in 1864. The company was incorporated in 1864.