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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

36.33EUR
20 Jun 2018
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€50.48
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€35.82

Latest Key Developments (Source: Significant Developments)

SocGen CEO Says Expects To Reach Settlements Over LIA And Ibor Cases Within Days
Wednesday, 23 May 2018 

May 23 (Reuters) - Societe Generale SA ::SOCGEN CEO SAYS HOLDS ACTIVE DISCUSSIONS WITH THE RELEVANT AUTHORITIES TO REACH A SETTLEMENT ON THE LIA AND IBOR CASES WITHIN THE COMING DAYS.  Full Article

Societe Generale nearing an agreement to pay about $1 bln to resolve two U.S. probes- Bloomberg
Wednesday, 2 May 2018 

May 2 (Reuters) - :SOCIETE GENERALE SA IS NEARING AN AGREEMENT TO PAY AS MUCH AS $1 BILLION TO RESOLVE TWO U.S. PROBES- BLOOMBERG CITING SOURCES.  Full Article

Komercni Banka AGM approves dividend of CZK 47/share
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Komercni Banka as ::KOMERCNI BANKA AGM APPROVES DIVIDEND OF CZK 47/SHARE.  Full Article

Goldman, Barclays Interested In Buying Commerzbank's ETF Unit- Handelsblatt‍​
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - :GOLDMAN, BARCLAYS, SOCIÉTÉ GÉNÉRALE HAVE EXPRESSED INTEREST IN BUYING EQUITIES AND COMMODITIES DIVISION OF COMMERZBANK- HANDELSBLATT, CITING SOURCES‍​.  Full Article

SocGen to book 456 mln eur additional charges in Q4
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Societe Generale Sa ::‍US TAX REFORM (TAX CUTS AND JOBS ACT) ENACTED ON 22 DECEMBER 2017 REDUCED STATUTORY RATE OF US FEDERAL CORPORATE TAX RATE TO 21% WITH IMMEDIATE EFFECT FROM JANUARY 2018​.‍SHORT TERM ACCOUNTING IMPACT OF THIS CHANGE IN RATE AND VALUATION OF DEFERRED TAX ASSETS OF US TAX GROUP WILL RESULT IN A CHARGE OF USD -307 MILLION ((1)) TO BE RECORDED IN Q4 17​.SAYS GOT RECEIPT OF A PROPOSAL FOR RECTIFICATION FOLLOWING A TAX AUDIT OF FRENCH TAX ADMINISTRATION ON VARIOUS OPERATING TAXES AND FINANCIAL CONSEQUENCES OF JUDGMENT OF PARIS COURT OF APPEAL OF 21 DECEMBER 2017 RESULT IN A CHARGE OF AROUND EUR -200 MILLION IN OPERATING EXPENSES IN Q4 17​.SAYS ‍THESE ITEMS WILL NOT AFFECT DIVIDEND POLICY PREVIOUSLY COMMUNICATED​.  Full Article

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

Czech banking group: New rules would deny mortgage to 20 pct of 2017 applicants

PRAGUE, June 19 New Czech central bank restrictions on mortgages would deny access to mortgages to about 20 percent of applicants based on 2017 data, a study by the Czech Banking Association found on Tuesday.