Societe Generale: Disclosure of regulatory capital requirements as from 1st January 2020

DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM 1st JANUARY 2020

Press release

Paris, 11 December 2019

The European Central Bank notified the level of additional requirement in respect of Pillar 2 (P2R or “Pillar 2 Requirement”) for Societe Generale, which will apply from 1 Janvier 2020. This level remains unchanged and will stand at 1.75% for Societe Generale.

Taking into account the combined regulatory buffers, the CET1 ratio level that would trigger the Maximum Distributable Amount mechanism would be 10.02% as of 1 January 2020 (including 0.27% of countercyclical buffers).

The Group CET1 ratio amounts to 12.5%⁽¹⁾ as of 30 September 2019.

(1)                 Pro-forma, including the earnings of the third quarter 2019, nets of dividends

Press contacts:

Antoine Lhéritier +33 (0)1 42 13 68 99

Corentin Henry +33 (0)1 58 98 01 75   

Societe Generale

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 147,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

• French Retail Banking which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
• International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;
• Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.

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