February 2010

The Monthly report

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The Monthly report February 2010

A LA UNE

>> Full-year and fourth quarter results 2009

A transitional year: realignment of the businesses and reduction of the risk profile.

  • Revenues of core businesses: EUR 24.9bn (+26.8% vs. 2008)
  • Tier 1 Ratio (Basel II): 10.7% o/w 8.4% Core Tier 1

Read the press release

>> Societe Generale Group and Interros company agree to combine Rosbank and other Societe Generale Russian subsidiaries

Convinced of the country’s long-term potential, the Group and its partner in Rosbank, Interros, have today announced a plan to combine these activities in Russia in order to take full advantage of revenue synergies among business lines and strengthen operational efficiency.

Read the press release

>> Societe Generale agrees terms for purchase of Aviva’s 35% stake in Sogessur
Following this acquisition Societe Generale group will hold 100% of Sogessur’s capital, thus pursuing its strategy of providing in-house non-life insurance for its clients. This transaction confirms the Group’s confidence regarding prospects for growth in this sector.

Read the press release

>> Societe Generale confirms its commitment to support the French economy
With a loans growth rate of 3.1% in 2009 (vs 2008), Societe Generale confirms its commitment to support the French economy.

Read the press release

 

  • OUR BUSINESSES

>> SGSS’ expertise establishes itself in Dublin
Faced with a possible systemic banking risk, Ireland created the National Asset Management Association in order to manage the loans and derivatives of the country’s foremost financial institutions. SGSS will provide valuation services.

Read the press release

>> TCW Completes MetWest Acquisition
The TCW Group (TCW), an international asset-management firm and a subsidiary of Societe Generale, announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm.

Read the press release

>> Societe Generale Private Banking wins Euromoney awards for structured products and equity derivatives
Societe Generale Private Banking has won six awards in the “Euromoney Private Banking Survey 2010”.

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>> Societe Generale Corporate & Investment Banking delivers award-winning Energy and Infrastructure Projects Worldwide
Societe Generale Corporate & Investment Banking showed ongoing commitment to the development of social and environmental projects worldwide through a series of award-winning project financing deals during 2009.

Read the press release

 

  • HUMAN RESOURCES

>> CAC 40 companies still need a better balance
Capitalcom has published the results of its fifth survey on gender equality in CAC 40 companies. Societe Generale is the only company to stand out with a gender equality rate of over 20% at all levels of the Bank (workforce, management, Executive Committee and Board).

 

  • SPONSORING

>> A bank card for French rugby fans!
To coincide with the 2010 Six Nations, Societe Generale is innovating in its support for the French national rugby team by launching a XV de France bank card. With the team’s crest on it, this card provides numerous benefits for rugby fans.

>> Jérôme Cazalbou: Rugby player and banker
Jérôme Cazalbou is a former French international who won the French championship seven times with Stade toulousain and who also works for Societe Generale in Toulouse. He talks about this duality in a video interview.

Watch the video