Quarterly Financial Information Q1 2024
Discover the Societe Generale Group's first-quarter 2024 results.
“We are progressing in the execution of our strategic plan. Our operating performance improved thanks to a strong contribution from Global Banking and Investor Solutions and solid revenues from International Retail Banking. The rebound of retail banking in France is underway with an increase in the net interest income compared to last quarter, despite an increase in deposit beta in the French market. Similarly, the stabilisation of Ayvens’s margins has already begun, in a context of normalisation of used car sales prices. Costs are under control, in line with the trajectory presented at our Capital Markets Day. Our capital position is stronger. In terms of strategic initiatives, we launched the Bernstein joint venture, creating a new leader in research and cash equity and we announced the planned disposals of Societe Generale Equipment Finance and subsidiaries in Morocco. These first positive results demonstrate the mobilisation of all the teams to shape a more synergetic and efficient model, a source of sustainable profitability.”
Slawomir Krupa, the Group’s Chief Executive Officer
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Societe Generale Securities Services custodian network and ratings of sub-custodians
Discover the Societe Generale Group's first-quarter 2024 results.
Discover the Societe Generale Group's full-year and fourth-quarter 2023 results.
"This quarter was marked by a good commercial performance in most businesses, limited increase in operating expenses and...
“During the quarter, commercial activity was good in most businesses. Group revenues contracted due to the decline in...