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Global 500

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43

Société Générale

France

Like other European banks, France’s Société Générale has been struggling to grow its revenue and profits as negative interest rates and tighter regulations have been a drag on the business. While its net income increased 24% in 2015, SocGen said earlier this year that it doubts that it will be able to grow profits much this year and could miss its targets. It is facing a slowdown in investment banking that has also hurt its competitors, as economic jitters and market volatility in Europe have led to declines in trading. European regulators have been forcing banks, including Société Générale, to keep more capital on hand in case of a financial crisis. The bank has also been ensnared in U.S. investigations into offshore accounts and tax evasion, but has denied wrongdoing.

CEO

Frédéric Oudéa

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Paris, France

Employees

151,149

Years on Global 500 List

20

Figures prepared in accordance with International Accounting Standards.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$107,736-8.9%
Profits ($M)$4,43824.3%
Assets ($M)$1,449,415
Total Stockholder Equity ($M)$64,126
Profit Ratios
Profit as % of Revenues4.1%
Profits as % of Assets0.3%
Profits as % of Stockholder Equity6.9%