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.
Q3-10 Group net income: EUR 0.90bn
9M-10 Group net income: EUR 3.0bn
9M-10 Group ROE: 10.2%
>> 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.
>> 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
- 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
>> 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
- 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
>> 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.
>> 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).
>> 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
>> 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.