Monthly report, November 2010

• A LA UNE

>> Results for the third quarter of 2010: Soundness of Societe Generale’s business model confirmed

With Group net income of EUR 3.0 billion in the first 9 months of the year, Societe Generale has provided further evidence of the soundness of its universal banking model.

Key figures
Q3-10 Group net income: EUR 0.90bn
9M-10 Group net income: EUR 3.0bn
9M-10 Group ROE: 10.2%

Read the press release

>> Societe Generale launches a plan for the free grant of performance shares, to associate all employees with the Group’s success

In an uncertain economic environment and in a regulatory climate which is undergoing significant change, Societe Generale launched an ambitious transformation programme in the beginning of 2010 to adapt to this new context. To support this extensive transformation and associate all of its employees with the success of the project, Societe Generale is for the first time making an exceptional grant of 40 performance shares per employee, whatever their business line, position or the location of their activity.

Read the press release

>> Frédéric Oudéa appointed Chairman of the IIF Steering Committee on Regulatory Capital

The appointment of Frédéric Oudéa as Chairman of the Steering Committee on Regulatory Capital (SCRC) comes soon after the Basel Committee's announcement in September of the new capital regulations for banks, known as Basel II and which will come into effect as of 2013. The Institute of International Finance (IIF), which is based in Washington, is the world's only global association of financial institutions and has over 420 members. The SCRC is the IIF's primary leadership group concerned with regulatory policy issues related to bank capital and liquidity requirements.

• OUR BUSINESSES
  

>> BRD, the Romanian subsidiary of Société Générale, named Best Bank in Romania

For the seventeenth year, Global Finance Magazine has named the Best banks throughout the world. In the Best Emerging Markets Banks in Central and Eeastern Europe, BRD, the Romanian subsidiary of Société Générale, has been named Best Bank in Romania.

>> Our mantra for the African continent: continue our development

Jean-Louis Mattei, Head of International Retail Banking, stated, "we want to be the leading privately-owned bank in Africa by 2015." To show the importance of North Africa, and the African continent in general, in our strategy and ambitions, Bernardo Sanchez Incera, the Group's Deputy CEO, and Jean-Louis Mattei, Head of International Retail Banking, were in Casablanca for a press meeting on November 11.

Read the entire article

• HUMAN RESOURCES
  

>> Société Générale, partner of La Tribune's Women's Awards

"When a women dares, she succeeds" was the theme of the first Women's Awards organised by La Tribune, one of France's main economic and financial daily newspapers.  The event was launched to highlight the change in mentality towards women in the workplace and Société Générale was one of its partners.

Go to La Tribune Women's Awards website (in French only)

>> Citizen Act, Societe Generale's Business Game

"Inventing responsible practices for the bank of the future", this is the challenge taken on by Citizen Act's participants - students from around the world who are committed to CSR. CSR is one of the strategic components of the Ambition SG 2015 programme and Citizen Act portrays the Group in an unexpected light. It gives students the opportunity to participate in our reflection on issues that will be at the heart of the Group's activities in the future.

Read the interview with Laurence Lavanant, Campus Relations and Pre-Recruitment Manager

>> 14th Employment Week for the Disabled

This year Societe Generale participated in the Employment Week for the Disabled as a national partner. To strengthen its investment in the social and professional integration of the disabled, Societe Generale's Mission Handicap is becoming a national partner of ADAPT (Association for the social and professional integration of the disabled).

Go to the blog of  Societe Generale's Mission Handicap (in French only)

• COMMITMENT
  

>> Societe Generale becomes a Worldwide Partner of the next two Rugby World Cups in 2011 and 2015

Societe Generale announces its sponsorship as Worldwide Partner of Rugby World Cup 2011 in New Zealand and Rugby World Cup 2015 in England. A long-term partner of rugby in France, Societe Generale acquires a new dimension by building a long-term partnership with one of the world’s foremost sporting events.

Read the press release

>> Societe Generale strengthens its commitment to "Nos Quartiers ont des Talents"

Societe Generale is delighted with its employees’ commitment to « Nos quartiers ont des Talents » (Inner City Talents), an association devoted to helping mew graduates from underprivileged neighbourhoods find employment. With more than 250 volunteers sponsors among its employees in the Paris and Lyons regions, Societe Generale is the association’s leading partner.

Read the press release
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