February 2010
The Monthly report
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.
>> 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.
>> 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.
- 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.
>> 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.
>> 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”.
>> 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.
- 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.








