Societe Generale : New strategic plan geared mainly towards boosting CET1 and improving operating efficiency
>Now targeting CET1 of 13% in 2026 under Basel 4 - Société Générale’s new CEO, Slawomir Krupa, yesterday presented its new strategic plan out to 2026. The group has substantially upgraded its CET1 ratio guidance to 13% in 2026 under Basel 4 vs a previous target of 12% at end-2025 under Basel 4. To achieve this target, the group is looking to: 1/ limit RWA growth to less than 1% p.a. between 2024 and 2026 (Boursorama and ALD will be the only beneficiaries of additional...Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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