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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

21.57EUR
18 Jun 2019
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Latest Key Developments (Source: Significant Developments)

French bank SocGen signs up to plans to promote decarbonisation in shipping industry
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Societe Generale SA ::* Societe Generale announces it is one of the founding signatories to the Poseidon Principles in collaboration with the Global Maritime Forum, and in league with a significant number of the shipping industry’s leading banks.* The Poseidon Principles promote a low carbon future for the global shipping industry by integrating climate considerations into bank portfolios and credit decisions. The Poseidon Principles are consistent with the International Maritime Organisation’s (IMO) ambition to reduce shipping’s greenhouse emissions by at least 50% by 2050 .  Full Article

Komercni Banka confirms loan, dividend outlook, sees no signs of cost of risk deterioration
Friday, 3 May 2019 

May 3 (Reuters) - Komercni Banka as ::KOMERCNI BANKA CFO SPERL SAYS EXPECTS LENDING TO GROW AT MID-SINGLE DIGIT PACE IN 2019, AROUND 5 PERCENT.KOMERCNI BANKA CFO SPERL SAYS EXPECTS NEW HOUSING LOAN SALES DOWN 15-18 PERCENT FOR FY 2019.KOMERCNI BANKA CFO SPERL SAYS EXPECTS FLATTISH NET FEES IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS STICKING TO GUIDANCE OF BANKING REVENUE GROWTH OF 2-3 PERCENT IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS EXPECTS OPEX TO BE AT LEVEL OF INFLATION IN FY 2019.KOMERCNI BANKA CFO SPERL SAYS.KOMERCNI BANKA CFO SPERL SAYS WE DON'T SEE ANY SIGNS OF DETERIORATION OF COSTS OF RISKS, CANNOT EXCLUDE THERE COULD STILL BE NET RELEASE IN FY 2019.KOMERCNI BANKA CONFIRMS INTENDS FOR 2019 TO PROPOSE DISTRIBUTING AS DIVIDENDS 65% OF ATTRIBUTABLE CONSOLIDATED NET PROFIT.  Full Article

Komercni Banka Q1 net profit slightly below estimates
Friday, 3 May 2019 

May 3 (Reuters) - Komercni Banka as ::KOMERCNI BANKA Q1 ATTRIBUTABLE NET PROFIT CZK 3.18 BILLION VERSUS CZK 3.26 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA Q1 NET BANKING INCOME CZK 8.0 BILLION VERSUS CZK 8.25 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS BOOKED A NET RELEASE OF PROVISIONS FOR CREDIT RISK AMOUNTING TO CZK 176 MILLION IN Q1.KOMERCNI BANKA SAYS NET INTEREST INCOME GREW BY 9.2 PERCENT Y/Y IN Q1.KOMERCNI BANKA Q1 NET INTEREST INCOME CZK 5.89 BILLION VERSUS CZK 5.95 BILLION SEEN IN REUTERS POLL.KOMERCNI BANKA SAYS LENDING GREW 4.0 PERCENT Y/Y IN Q1.KOMERCNI BANKA SAYS LACK OF CLEAR TREND FOR FUTURE CZK IR AND FX RATES LIMITING CLIENTS’ DEMAND FOR POSITIONS HEDGING -PRESENTATION.  Full Article

Hungary's OTP buys Slovenian SKB Banka from SocGen
Friday, 3 May 2019 

May 3 (Reuters) - OTP Bank Nyrt ::HUNGARY'S OTP HAS SIGNED AN AGREEMENT TO BUY SKB BANKA, THE SLOVENIAN SUBSIDIARY OF SOCIETE GENERALE.SKB BANKA HAS A MARKET SHARE OF NEARLY 9 PCT.FINANCIAL CLOSURE OF TRANSACTION EXPECTED IN THE COMING MONTHS PENDING REGULATORY APPROVAL.OTP DOES NOT DISCLOSE FINANCIAL TERMS.  Full Article

Komercni Banka AGM Approves Czk 51 Per Share Dividend
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Komercni Banka as ::KOMERCNI BANKA AGM APPROVES CZK 51 PER SHARE DIVIDEND -IR.  Full Article

Societe Generale Holds 5.52 Pct Of Voting Rights In Osram - Regulatory Filing
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Osram Licht Ag ::SOCIETE GENERALE HOLDS 5.52 PERCENT OF VOTING RIGHTS AS OF APRIL 3 - REGULATORY FILING.  Full Article

Societe Generale Assurances And Roadzen Announce Strategic Agreement
Thursday, 4 Apr 2019 

April 4 (Reuters) - SOCIETE GENERALE SA ::SOCIETE GENERALE ASSURANCES AND ROADZEN HAVE ANNOUNCED STRATEGIC AGREEMENT.DEAL WILL ALLOW FOR ROADZEN TO ACQUIRE SIGNIFICANT MINORITY STAKE IN MOONSHOT-INTERNET, SOCIETE GENERALE ASSURANCES INSURTECH.  Full Article

Hungary's OTP completes purchase of SocGen's Albanian unit
Monday, 1 Apr 2019 

April 1 (Reuters) - OTP Bank Nyrt says in statement on Budapest Stock Exchange web site::COMPLETED PURCHASE OF 100 PCT OF SOCIETE GENERALE'S ALBANIAN UNIT.ALBANIAN BANK HAS 6 PCT MARKET SHARE, IS 5TH LARGEST LENDER IN ALBANIA.PURCHASE PART OF A STRING OF TAKEOVERS OF SOCGEN UNITS BY OTP IN SOUTHEAST EUROPE.OTP NOW PRESENT IN 10 COUNTRIES IN THE REGION.  Full Article

Russia's Rosbank sees 2019 corporate loan growth at over 10 pct
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Rosbank , Russia's unit of Societe Generale ::The company expects corporate loan growth of slightly more than 10 percent in 2019 as well as retail loan growth of 15-20 percent, bank officials said on Wednesday. .  Full Article

OTP Bank's recent acquisitions had overall P/BV of roughly 1.0 - Dep CEO
Friday, 1 Mar 2019 

March 1 (Reuters) - OTP Bank Nyrt Deputy CEO Bencsik tells press briefing::RECENT ACQUISITIONS WERE PRICED AT ROUGHLY 1.0 PRICE / BOOK VALUE ON AVERAGE.WILL NOT DISCLOSE PRECISE PRICES TO HONOUR SELLER'S REQUEST.ALBANIA MARKET SHARE NOT YET AT OPTIMUM AT 5.7 PERCENT, BUT "THAT STORY IS NOT OVER YET".SEVERAL OTHER SUBSIDIARIES STRENGTHENED LOCAL MARKET POSITION IN RETAIL, CORPORATE SEGMENTS ALIKE.  Full Article

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Banks to include CO2 emission measures in shipping loan decisions

LONDON A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.