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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

43.19EUR
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Cegedim ‍Sells Cegelease Business to Société Générale​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - CEGEDIM SA ::‍SALE OF CEGELEASE BUSINESS​.DEAL IS EXPECTED TO CLOSE DURING Q1 OF 2018.GROUP IS NOT PLANNING ANY OTHER DIVESTMENT.SIGNS A SALES AGREEMENT WITH SOCIÉTÉ GÉNÉRALE.SALE PRICE IS EUR 57.5 MILLION, PLUS REIMBURSEMENT OF SHAREHOLDER'S LOAN ACCOUNT, WHICH AMOUNTED TO EUR 13 MILLION ON JUNE 30..WILL USE EUR 30 MILLION TO PAY DOWN ITS DEBT.  Full Article

SocGen to book 570 mln eur in exceptional charges in Q4
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Societe Generale Sa ::‍NET EFFECT OF THESE TAX CHANGES, WHICH ARE EITHER EFFECTIVE OR HAVE BEEN SUBMITTED FOR FINAL PROMULGATION, COULD RESULT IN GROUP BOOKING A CHARGE OF APPROXIMATELY EUR -170 MILLION IN Q4 17​.‍GROUP WILL REFLECT, IN ITS Q4 17 ACCOUNTS, EFFECTS OF ALL TAX CHANGES EXPECTED IN Q4 17: * REFUND OF ADDITIONAL 3% CONTRIBUTION ON DIVIDENDS, WHICH WAS REJECTED BY CONSTITUTIONAL COUNCIL​.‍FRENCH RETAIL BANK REORGANISATION, AS WELL AS ACCELERATION OF PROGRAMME TO OVERHAUL CERTAIN ASPECTS OF COMPLIANCE FRAMEWORK, WILL RESULT IN GROUP RECORDING AN EXCEPTIONAL CHARGE OF AROUND EUR -400 MILLION IN Q4 17​.  Full Article

Britain's financial watchdog says 20 panel banks agree to support LIBOR benchmark
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Financial Conduct Authority:‍FCA- STATEMENT ON LIBOR PANELS​.FCA- ‍HAS CONFIRMED THAT ALL 20 OF PANEL BANKS HAVE AGREED TO SUPPORT LIBOR BENCHMARK ENSURING SUSTAINABILITY OF RATE UNTIL 2021​.FCA- ‍FCA WELCOMES SUPPORT AND AGREEMENT OF ALL BANKS TO REMAIN AS SUBMITTERS UNTIL 2021​.FCA- ‍THERE WILL BE TWO AMENDMENTS TO INDIVIDUAL PANEL COMPOSITIONS​.FCA- ‍SOCGEN WILL CEASE SUBMISSIONS TO US DOLLAR PANEL AND CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK WILL CEASE SUBMISSIONS TO JAPANESE YEN PANEL​.‍FCA- DOES NOT EXPECT TO SEE ANY FURTHER CHANGES TO LIBOR PANELS​.‍FCA- EXPECTS FOCUS TO TURN TOWARDS DEVELOPING ALTERNATIVE RATES AND WORKING TOWARDS A TRANSITION THAT CAN BE EXECUTED SMOOTHLY​.  Full Article

Komercni Banka expects lower 2017 loan growth, confirms dividend outlook
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Komercni Banka As :confirms intention to pay out 60 percent of recurring net profit in 2017 as dividend.COO Libor Lofler says expects total deposits to grow more than 10 percent this year but to decelerate next year.CFO Jiri Sperl says targeting mid-single digit loan growth in fy 2017, with risk it will be less.  Full Article

Komercni Banka Q3 net profit, banking income fall
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Komercni Banka As :Komercni banka says 9m recurring net profit czk 10.3 billion.Komercni banka ceo says competition to deploy excessive liquidity in czech crowns has intensified.Komercni banka q3 net profit czk 3.53 billion versus czk 3.33 billion seen in reuters poll.Komercni banka q3 net banking income czk 7.50 billion versus czk 7.67 billion seen in reuters poll.Komercni banka says q3 cost of risk czk 125 million versus czk -205 million seen in reuters poll.Komercni banka ceo says effects of currency interventions are lasting, balance sheets of czech banks have swollen.Komercni banka says 9m gross volume of loans up 2.0 percent, loans to businesses fell 2.8 percent.  Full Article

BRIEF-Romania's BRD bank 2016 net profit jumps 64 pct y/y
Thursday, 9 Feb 2017 

Corrects reporting period in headline to "2016" from "nine-month".month") BUCHAREST, Feb 9 (Reuters) - Romanian lender BRD Groupe Societe Generale : Says records net profit of 728.3 million lei ($172.85 million) in 2016, up 64 percent from 445 million lei in 2015. . The overall net profit of the BRD group, which includes leasing and asset management, stood at 763.5 million lei, up 63.4 percent on the year. . Says the group's operating income rose by 7.0 percent to 2.78 billion lei. Further company coverage: ROBRD.BX ($1 = 4.2135 lei) (Bucharest Newsroom) ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) Keywords: BRD RESULTS/ (CORRECTED, BRIEF).  Full Article

Rosbank increases bond offering to RUB 10 bln
Tuesday, 13 Dec 2016 

:. Rosbank is placing two bond issues for a total value of 10 billion roubles ($164.16 million), final coupon benchmark rate has been set at 9.80 pct per annum, according to materials for investors .. The bank has been conducting book building for ten-year BO-11 series bonds and later offered one more issue, BO-12 series, on the same terms .. Initial coupon benchmark rate was 9.80-9.95 percent per annum For further company coverage [ROSB.MM] For the story in Russian, click [nL5N1E83FL] ($1 = 60.9162 roubles) (Reporting by Elena Orekhova, translated by Gdynia newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Societe Generale had 4.171 pct of Generali on Aug 29, voting rights 0.9 pct
Tuesday, 6 Sep 2016 

Filings of Italian market regulator Consob show: Societe Generale had 4.171 percent of Italy's Generali on August 29 . Of this Societe Generale had 0.9 percent in voting rights, a potential stake of 1.557 percent and long positions equal to 1.71 percent Further company coverage: [GASI.MI] (Reporting by Milan newsroom).  Full Article

SocGen' comments after Q2 results
Wednesday, 3 Aug 2016 

Below are comments made by Societe Generale's executives during a conference call with journalists: SocGen CEO says no changes in dividend policy . SocGen CFO says targets CEO 1 ratio of 11.5 to 12 percent by 2018 Further company coverage: [SOGN.PA] ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52 ;)).  Full Article

Romania's BRD bank H1 net profit jumps 65 pct y/y
Wednesday, 3 Aug 2016 

Romanian lender BRD Groupe Societe Generale : Says records net profit of 382 million lei ($96.22 million) in the first half, up 65 percent from 232 million lei in the same period of last year. . The overall net profit of BRD Group, which includes leasin and asset management, stood at 381 million lei, up 64 percent on the year. . Says its net banking income rose by 13.7 percent in the half to 1.38 billion lei because of higher net interest income and net fees and commissions. . Says its non-performing loan ratio fell to 14.4 percent, from 18.6 percent at the end of June 2015. . Says it set aside general provisions worth 90 million lei to account for a law passed this year that enables borrowers to walk away from their mortgaged properties. . Further company coverage: ROBRD.BX ($1 = 3.9702 lei) (Bucharest newsroom) ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) Keywords: BRD RESULTS/ (BRIEF).  Full Article

EU mergers and takeovers (Dec 15)

BRUSSELS, Dec 15 The following are mergers under review by the European Commission and a brief guide to the EU merger process: