Societe Generale : 22/09/2017 Societe Generale awarded the 2017 Grand Prix for Financial Transparency
September 22, 2017 at 06:15 am EDT
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22/09/2017
NEWSROOM
Each year, the teams at Labrador examine the financial transparency of all information documents published by the 107 French companies listed on the SBF 120.
The Grand Prix for Financial Transparency is awarded by an independent Scientific Committee which assesses the companies' regulated information based on 120 public criteria and four key factors:
• Accessibility: how rapidly the complete set of information can be found,
• Accuracy: the comprehensive nature of the regulatory information provided and additional information to help understand it,
• Comparability: the ability to make rapid comparisons between different issuers through strict compliance with regulatory and market standards,
• Availability: equal availability in all formats (paper, online, etc.) of all information as early as possible, in French and English.
Having previously won the Grand Prix in 2014, Societe Generale has once again come out on top in the 'financial companies' category this year
Philippe Heim, Group Chief Financial Officer, said: 'This award is testament to Societe Generale's policy of providing transparent and quality information to its shareholders and investors, underpinning our relationship of trust. It is also a recognition of the commitment and dedication of our teams.'
Société Générale SA published this content on 22 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 September 2017 10:14:03 UTC.
Original documenthttps://www.societegenerale.com/en/societe-generale-awarded-2017-grand-prix-financial-transparency
Public permalinkhttp://www.publicnow.com/view/CB568CC4B0725CDE41D3F9A3B982FE9E957184DB
Société Générale is one of the largest French banking groups. Net interest income breaks down by activity as follows:
- financing and investment banking (36.8%): specialized financing (for acquisitions, projects, etc.), activity on the stock, interest rate, currency exchange, and raw material markets, brokerage operations, merger-acquisition consulting, commercial banking activities, etc.;
- retail banking in France (30.7%; SG). The group also develops asset management and private banking activities (EUR 143 billion in assets under management in 2023), and provides online banking and online brokerage services (Boursorama Banque) as well as an economic and financial information Website (boursorama.com);
- provision of specialized financial and insurance services (16.5%): consumer loan, leasing, management of car fleets, professional equipment financing and insurance;
- international retail banking (16%).
At the end of 2023, Société Générale managed EUR 533.8 billion in current deposits and EUR 485.4 billion in current credits.
Net interest income is distributed geographically as follows: France (40.2%), Europe (37.4%), the Americas (8.3%), Africa (8%) and Asia/Oceania (6.1%).