Societe Generale: The European Banking Authority published the results of the 2021 European stress testing exercice
PRESS RELEASE
REGULATED INFORMATION
Paris, 30 July 2021
The European Banking Authority publishes the results of the 2021 European stress testing exercise
The European Banking Authority published on 30th July 2021 the results of the 2021 Europe-wide stress-testing exercise covering 50 banks in the European Union.
The detailed results of the stress testing for Societe Generale are available on the Group’s Corporate website under “Pillar 3 and other prudential information” at:
The complete results and information regarding the methodology used for the set of European banks reviewed are available on the European Banking Authority website: .
Press contacts:
Jean-Baptiste Froville_ 00_
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. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.
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 133,000 members of staff in 61 countries and supports on a daily basis 30 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, Credit 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), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).
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