SOCIETE GENERALE: PRO FORMA 2015 QUARTERLY SERIES
(Thomson Reuters ONE) -
Paris, April 05, 2016
PRO FORMA 2015 Quarterly series
Following the decision to allocate normative capital to businesses at a level of
11% of risk weighted assets, Societe Generale has provided pro-forma 2015
quarterly series for Group Businesses. Overall this adjustment has no impact at
Group level. At the level of Group businesses, as well as a higher normative
capital allocation, there is a limited positive impact on Net Banking Income,
which is offset by a corresponding negative impact in the Corporate Centre.
In addition to the change in normative capital allocated to businesses, these
pro-forma quarterly series also reflect the transfer of certain International
Retail Banking activities from "Africa, Asia, Mediterranean basin and Overseas"
to "Other", in particular the transfer of consumer credit activities in Brazil
(from which Societe Generale has withdrawn in 2014). This change has no impact
outside of International Retail Banking.
1. Pro forma quarterly series
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Group
Net banking income 6,353 6,869 6,364 6,053 25,639
Operating expenses -4,442 -4,124 -3,978 -4,349 -16,893
Gross operating income 1,911 2,745 2,386 1,704 8,746
Net cost of risk -613 -724 -571 -1,157 -3,065
Operating income 1,298 2,021 1,815 547 5,681
Net income from companies accounted for 68 42 56 65 231
by the equity method
Net income from other -34 -7 -1 239 197
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -370 -597 -629 -118 -1,714
Net income 962 1,459 1,241 733 4,395
O.w. non controlling 94 108 115 77 394
interests
Group net income 868 1,351 1,126 656 4,001
Average allocated 43,674 44,766 45,437 45,680 44,889
capital
Group ROE (after tax) 6.9% 11.2% 9.0% 4.7% 7.9%
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
French retail Banking
Net banking income 2,064 2,163 2,172 2,189 8,588
Operating expenses -1,391 -1,304 -1,326 -1,465 -5,486
Gross operating income 673 859 846 724 3,102
Net cost of risk -230 -183 -201 -210 -824
Operating income 443 676 645 514 2,278
Net income from companies accounted for 15 7 15 5 42
by the equity method
Net income from other -17 -2 0 -7 -26
assets
Income tax -162 -256 -244 -191 -853
Net income 279 425 416 321 1,441
O.w. non controlling 0 0 0 0 0
interests
Group net income 279 425 416 321 1,441
Average allocated capital 10,678 10,765 10,697 10,619 10,690
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
International retail Banking &
Financial Services
Net banking income 1,795 1,867 1,901 1,819 7,382
Operating expenses -1,157 -1,047 -1,018 -1,085 -4,307
Gross operating income 638 820 883 734 3,075
Net cost of risk -333 -287 -302 -324 -1,246
Operating income 305 533 581 410 1,829
Net income from companies accounted for 14 7 8 42 71
by the equity method
Net income from other assets -25 -1 -1 -10 -37
Impairment losses on goodwill 0 0 0 0 0
Income tax -84 -148 -162 -108 -502
Net income 210 391 426 334 1,361
O.w. non controlling interests 62 70 76 42 250
Group net income 148 321 350 292 1,111
Average allocated capital 10,298 10,466 10,425 10,234 10,357
o.w. International Retail Banking
Net banking income 1,172 1,255 1,280 1,231 4938
Operating expenses -798 -780 -729 -764 -3071
Gross operating income 374 475 551 467 1867
Net cost of risk -260 -225 -274 -271 -1030
Operating income 114 249 278 197 838
Net income from companies accounted for 4 4 3 6 17
by the equity method
Net income from other assets 0 -1 -1 -9 -11
Impairment losses on goodwill 0 0 0 0 0
Income tax -26 -57 -63 -43 -189
Net income 92 195 217 151 655
O.w. non controlling interests 58 68 73 42 241
Group net income 34 127 144 109 414
Average allocated capital 6,030 6,167 6,232 6,158 6,147
o.w. Financial Services to
corporates and Insurance
Net banking income 571 589 603 577 2340
Operating expenses -294 -265 -264 -278 -1101
Gross operating income 277 324 339 299 1239
Net cost of risk -25 -22 -23 -49 -119
Operating income 252 302 316 250 1120
Net income from companies accounted for 10 3 5 37 55
by the equity method
Net income from other assets 0 0 0 -1 -1
Impairment losses on goodwill 0 0 0 0 0
Income tax -81 -95 -101 -77 -354
Net income 181 210 220 209 820
O.w. non controlling interests 1 2 1 -1 3
Group net income 180 208 219 210 817
Average allocated capital 3,832 3,909 4,011 3,933 3,922
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
o.w. Insurance
Net banking income 205 205 206 209 825
Operating expenses -102 -74 -75 -76 -327
Gross operating income 103 131 131 133 498
Net cost of risk 0 0 0 0 0
Operating income 103 131 131 133 498
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other 0 0 0 -1 -1
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -33 -42 -42 -42 -159
Net income 70 89 89 90 338
O.w. non controlling 0 1 0 0 1
interests
Group net income 70 88 89 90 337
Average allocated capital 1,640 1,645 1,663 1,671 1,655
o.w. Financial Services to
corporates
Net banking income 366 384 397 368 1515
Operating expenses -192 -191 -189 -202 -774
Gross operating income 174 193 208 166 741
Net cost of risk -25 -22 -23 -49 -119
Operating income 149 171 185 117 622
Net income from companies accounted for by the 10 3 5 37 55
equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -48 -53 -59 -35 -195
Net income 111 121 131 119 482
O.w. non controlling 1 1 1 -1 2
interests
Group net income 110 120 130 120 480
Average allocated capital 2,192 2,264 2,349 2,263 2,267
o.w. Other
Net banking income 52 23 18 11 104
Operating expenses -65 -2 -25 -43 -135
Gross operating income -13 21 -7 -32 -31
Net cost of risk -48 -40 -5 -4 -97
Operating income -61 -18 -13 -37 -129
Net income from companies accounted for by the 0 0 0 -1 -1
equity method
Net income from other -25 0 0 0 -25
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 23 4 2 12 41
Net income -63 -14 -11 -26 -114
O.w. non controlling 3 0 2 1 6
interests
Group net income -66 -14 -13 -27 -120
Average allocated capital 436 391 181 143 289
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Western Europe
Net banking income 161 177 174 168 680
Operating expenses -91 -88 -86 -91 -356
Gross operating 70 89 88 77 324
income
Net cost of risk -39 -41 -39 -35 -154
Operating income 31 48 49 42 170
Net income from companies 0 0 0 0 0
accounted for by the equity
method
Net income from 0 0 0 0 0
other assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -7 -11 -12 -9 -39
Net income 24 37 37 33 131
O.w. non controlling 1 1 1 3 6
interests
Group net income 23 36 36 30 125
Average allocated 1,069 1,067 1,077 1,065 1,070
capital
Czech Republic
Net banking income 252 257 256 266 1,031
Operating expenses -133 -147 -133 -126 -539
Gross operating 119 110 123 140 492
income
Net cost of risk -4 0 -7 -14 -25
Operating income 115 110 116 126 467
Net income from companies 0 0 0 0 0
accounted for by the equity
method
Net income from 0 0 0 -10 -10
other assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -26 -25 -28 -26 -105
Net income 89 85 88 90 352
O.w. non controlling 35 33 33 34 135
interests
Group net income 54 52 55 56 217
Average allocated 726 755 834 844 790
capital
Romania
Net banking income 128 129 130 133 520
Operating expenses -101 -76 -78 -83 -338
Gross operating 27 53 52 50 182
income
Net cost of risk -26 -34 -30 -49 -139
Operating income 1 19 22 1 43
Net income from companies 0 0 0 0 0
accounted for by the equity
method
Net income from 0 0 -1 0 -1
other assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 -4 -5 -1 -10
Net income 1 15 16 0 32
O.w. non controlling 0 7 6 0 13
interests
Group net income 1 8 10 0 19
Average allocated 420 427 442 432 431
capital
(in millions of
euros)
Q1 15 Q2 15 Q3 15 Q4 15 2015
Russia
Net banking income 117 163 172 162 614
Operating expenses -145 -165 -132 -127 -569
Gross operating -28 -2 40 35 45
income
Net cost of risk -111 -75 -75 -63 -324
Operating income -139 -77 -35 -28 -279
Net income from companies accounted -1 1 0 0 0
for by the equity method
Net income from other 1 -1 -1 2 1
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 32 18 8 6 64
Net income -107 -59 -28 -20 -214
O.w. non controlling -1 0 0 0 -1
interests
Group net income -106 -59 -28 -20 -213
Average allocated 1,277 1,369 1,265 1,169 1,270
capital
Other Europe
Net banking income 172 181 188 187 728
Operating expenses -128 -112 -111 -131 -482
Gross operating 44 69 77 56 246
income
Net cost of risk -21 -24 -62 -37 -144
Operating income 23 45 15 19 102
Net income from companies accounted 0 0 0 0 0
for by the equity method
Net income from other 0 0 1 -1 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -5 -11 -3 -4 -23
Net income 18 34 13 14 79
O.w. non controlling 1 1 2 0 4
interests
Group net income 17 33 11 14 75
Average allocated 1,147 1,156 1,185 1,199 1,171
capital
AAMO
Net banking income 342 348 360 315 1,365
Operating expenses -200 -192 -189 -206 -787
Gross operating 142 156 171 109 578
income
Net cost of risk -59 -51 -61 -73 -244
Operating income 83 104 111 37 335
Net income from companies accounted 5 3 3 6 17
for by the equity method
Net income from other -1 0 0 0 -1
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -20 -24 -23 -9 -76
Net income 67 83 91 34 275
O.w. non controlling 22 26 31 5 84
interests
Group net income 45 57 60 29 191
Average allocated 1,391 1,393 1,429 1,450 1,416
capital
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Global Banking and Investor Solutions
Net banking income 2,604 2,691 2,015 2,192 9,502
Operating expenses -1,874 -1,760 -1,562 -1,744 -6,940
Gross operating income 730 931 453 448 2,562
Net cost of risk -50 -56 -68 -230 -404
Operating income 680 875 385 218 2,158
Net income from companies accounted 37 19 31 8 95
for by the equity method
Net income from other assets -1 8 -1 91 97
Impairment losses on goodwill 0 0 0 0 0
Income tax -180 -195 -81 -26 -482
Net income 536 707 334 291 1,868
O.w. non controlling interests 4 5 4 5 18
Group net income 532 702 330 286 1,850
Average allocated capital 14,904 17,039 16,477 15,924 16,085
o.w. Global Markets & Investor Services
(from 2014)
Net banking income 1,778 1,741 1,193 1,291 6,003
o.w. Equities 855 802 413 451 2,521
o.w. Fixed income. Currencies and 589 612 483 516 2,200
Commodities (1)
o.w. Primes Services 145 143 145 161 594
o.w. Securities Services 189 184 152 163 688
Operating expenses -1,295 -1,189 -995 -1,087 -4,566
Gross operating income 483 552 198 204 1,437
Net cost of risk -5 -26 -7 -28 -66
Operating income 478 526 191 176 1,371
Net income from companies accounted 1 2 2 1 6
for by the equity method
Net income from other assets -1 0 1 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -135 -135 -39 -52 -361
Net income 343 393 155 125 1,016
O.w. non controlling interests 3 3 5 3 14
Group net income 340 390 150 122 1,002
Average allocated capital 8,781 10,016 9,132 9,040 9,243
(1) FICC figures restated to include
legacy assets
o.w. Financial and Advisory
Net banking income 527 691 567 630 2,415
Operating expenses -367 -375 -361 -430 -1,533
Gross operating income 160 316 206 200 882
Net cost of risk -30 -28 -60 -194 -312
Operating income 130 288 146 6 570
Net income from companies accounted 9 -14 0 -1 -6
for by the equity method
Net income from other assets 0 9 -2 91 98
Impairment losses on goodwill 0 0 0 0 0
Income tax -24 -41 -28 35 -58
Net income 115 242 116 131 604
O.w. non controlling interests 0 2 -2 3 3
Group net income 115 240 118 128 601
Average allocated capital 5,039 5,868 6,100 5,734 5,685
Q1 15 Q2 15 Q3 15 Q4 15 2015
o.w. Asset and Wealth Management
Net banking income 299 259 255 271 1,084
o.w. Lyxor 52 52 44 34 182
o.w. Private Banking 241 201 204 232 878
o.w. Other 6 6 7 5 24
Operating expenses -212 -196 -206 -227 -841
Gross operating income 87 63 49 44 243
Net cost of risk -15 -2 -1 -8 -26
Operating income 72 61 48 36 217
Net income from companies accounted 27 31 29 8 95
for by the equity method
Net income from other assets 0 -1 0 0 -1
Impairment losses on goodwill 0 0 0 0 0
Income tax -21 -19 -14 -9 -63
Net income 78 72 63 35 248
O.w. non controlling interests 1 0 1 -1 1
Group net income 77 72 62 36 247
Average allocated capital 1,084 1,155 1,244 1,149 1,158
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Corporate Centre
Net banking income -110 148 276 -147 167
o.w. financial liabilities 62 250 62 73 447
Operating expenses -20 -13 -72 -55 -160
Gross operating income -130 135 204 -202 7
Net cost of risk 0 -198 0 -393 -591
Operating income -130 -63 204 -595 -584
Net income from companies accounted for by the 2 9 2 9 2
equity method
Net income from other 9 -12 1 165 163
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 56 2 -142 207 123
Net income -63 -64 65 -213 -275
O.w. non controlling 28 33 35 30 126
interests
Group net income -91 -97 30 -243 -401
2. Impact of increase to 11% allocated normative capital to businesses
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
French Retail Banking
Net banking income 9 10 10 9 38
Operating expenses 0 0 0 0 0
Gross operating income 9 10 10 9 38
Net cost of risk 0 0 0 0 0
Operating income 9 10 10 9 38
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Income tax -3 -4 -4 -3 -14
Net income 6 6 6 6 24
O.w. non controlling 0 0 0 0 0
interests
Group net income 6 6 6 6 24
Average allocated capital 935 944 943 939 940
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
International Retail Banking &
Financial Services
Net banking income 13 13 13 14 53
Operating expenses 0 0 0 0 0
Gross operating income 13 13 13 14 53
Net cost of risk 0 0 0 0 0
Operating income 13 13 13 14 53
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -3 -2 -4 -4 -13
Net income 10 11 9 10 40
O.w. non controlling interests 1 2 1 2 6
Group net income 9 9 8 8 34
Average allocated capital 785 799 784 769 785
o.w. International Retail Banking
Net banking income -38 -6 -5 2 -47
Operating expenses 40 19 18 20 97
Gross operating income 2 13 13 22 50
Net cost of risk 17 14 7 3 41
Operating income 19 26 21 26 92
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -4 -6 -5 -6 -21
Net income 15 20 16 20 71
O.w. non controlling interests 1 2 1 2 6
Group net income 14 18 15 18 65
Average allocated capital 272 289 497 511 392
o.w. Financial Services to corporates
and Insurance
Net banking income 2 2 3 2 9
Operating expenses 0 0 0 0 0
Gross operating income 2 2 3 2 9
Net cost of risk 0 0 0 0 0
Operating income 2 2 3 2 9
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -1 0 -1 -1 -3
Net income 1 2 2 1 6
O.w. non controlling interests 0 0 0 0 0
Group net income 1 2 2 1 6
Average allocated capital 196 202 209 200 202
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
o.w. Insurance
Net banking income 0 0 0 0 0
Operating expenses 0 0 0 0 0
Gross operating income 0 0 0 0 0
Net cost of risk 0 0 0 0 0
Operating income 0 0 0 0 0
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 0 0 0 0
Net income 0 0 0 0 0
O.w. non controlling 0 0 0 0 0
interests
Group net income 0 0 0 0 0
Average allocated capital 1 0 0 0 0
o.w. Financial Services to
corporates
Net banking income 2 2 3 2 9
Operating expenses 0 0 0 0 0
Gross operating income 2 2 3 2 9
Net cost of risk 0 0 0 0 0
Operating income 2 2 3 2 9
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on 0 0 0 0 0
goodwill
Income tax -1 0 -1 -1 -3
Net income 1 2 2 1 6
O.w. non controlling 0 0 0 0 0
interests
Group net income 1 2 2 1 6
Average allocated capital 195 202 210 201 202
o.w. Other
Net banking income 49 17 15 10 91
Operating expenses -40 -19 -18 -20 -97
Gross operating income 9 -2 -3 -10 -6
Net cost of risk -17 -14 -7 -3 -41
Operating income -8 -15 -11 -14 -48
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other assets 0 0 0 0 0
Impairment losses on 0 0 0 0 0
goodwill
Income tax 2 4 2 3 11
Net income -6 -11 -9 -11 -37
O.w. non controlling 0 0 0 0 0
interests
Group net income -6 -11 -9 -11 -37
Average allocated capital 317 309 77 58 191
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Western Europe
Net banking income 1 1 1 1 4
Operating expenses 0 0 0 0 0
Gross operating income 1 1 1 1 4
Net cost of risk 0 0 0 0 0
Operating income 1 1 1 1 4
Net income from companies accounted for 0 0 0 0 0
by the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 0 -1 0 -1
Net income 1 1 0 1 3
O.w. non controlling 0 0 0 0 0
interests
Group net income 1 1 0 1 3
Average allocated capital 93 93 93 93 93
Czech Republic
Net banking income 1 1 1 2 5
Operating expenses 0 0 0 0 0
Gross operating income 1 1 1 2 5
Net cost of risk 0 0 0 0 0
Operating income 1 1 1 2 5
Net income from companies accounted for 0 0 0 0 0
by the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 0 -1 0 -1
Net income 1 1 0 2 4
O.w. non controlling 0 1 0 0 1
interests
Group net income 1 0 0 2 3
Average allocated capital 71 71 74 74 73
Romania
Net banking income 1 1 1 1 4
Operating expenses 0 0 0 0 0
Gross operating income 1 1 1 1 4
Net cost of risk 0 0 0 0 0
Operating income 1 1 1 1 4
Net income from companies accounted for 0 0 0 0 0
by the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 0 0 -1 -1
Net income 1 1 1 0 3
O.w. non controlling 0 1 0 1 2
interests
Group net income 1 0 1 -1 1
Average allocated capital 40 41 41 41 41
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Russia
Net banking income 3 2 3 3 11
Operating expenses 0 0 0 0 0
Gross operating income 3 2 3 3 11
Net cost of risk 0 0 0 0 0
Operating income 3 2 3 3 11
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -1 0 -1 -1 -3
Net income 2 2 2 2 8
O.w. non controlling 0 0 0 0 0
interests
Group net income 2 2 2 2 8
Average allocated capital 114 122 113 105 113
Other Europe
Net banking income 1 3 1 2 7
Operating expenses 0 0 0 0 0
Gross operating income 1 3 1 2 7
Net cost of risk 0 0 0 0 0
Operating income 1 3 1 2 7
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 0 -1 0 0 -1
Net income 1 2 1 2 6
O.w. non controlling 0 0 0 0 0
interests
Group net income 1 2 1 2 6
Average allocated capital 107 110 109 112 109
AAMO
Net banking income -45 -14 -12 -7 -78
Operating expenses 40 19 18 20 97
Gross operating income -5 5 6 13 19
Net cost of risk 17 14 7 3 41
Operating income 12 18 14 17 61
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax -3 -5 -2 -4 -14
Net income 9 13 12 13 47
O.w. non controlling 1 0 1 1 3
interests
Group net income 8 13 11 12 44
Average allocated capital -153 -148 67 87 -37
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Global Banking and Investor Solutions
Net banking income 14 16 15 15 60
o.w. financial liabilities 0 0 0 0 0
Operating expenses 14 16 15 15 60
Gross operating income 0 0 0 0 0
Net cost of risk 14 16 15 15 60
Operating income 0 0 0 0 0
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill -4 -5 -5 -4 -18
Income tax 10 11 10 11 42
Net income 0 0 0 0 0
O.w. non controlling interests 10 11 10 11 42
Group net income 1,360 1,513 1,440 1,390 1,425
o.w. Global Markets & Investor Services (from
2014)
Net banking income 8 9 8 8 33
o.w. Equities 2 3 2 4 10
o.w. Fixed income. Currencies and 5 5 4 5 19
Commodities (1)
o.w. Primes Services 1 1 2 0 4
o.w. Securities Services 1 0 0 -1 0
Operating expenses 0 0 0 0 0
Gross operating income 8 9 8 8 33
Net cost of risk 0 0 0 0 0
Operating income 8 9 8 8 33
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -2 -3 -3 -2 -10
Net income 6 6 5 6 23
O.w. non controlling interests 0 0 0 0 0
Group net income 6 6 5 6 23
Average allocated capital 785 853 767 738 786
(1) FICC figures restated to include legacy
assets
o.w. Financial and Advisory
Net banking income 5 6 6 6 23
Operating expenses 0 0 0 0 0
Gross operating income 5 6 6 6 23
Net cost of risk 0 0 0 0 0
Operating income 5 6 6 6 23
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax -2 -1 -2 -2 -7
Net income 3 5 4 4 16
O.w. non controlling interests 0 0 0 0 0
Group net income 3 5 4 4 16
Fonds propres normatifs moyens 475 554 566 547 535
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
o.w. Asset and Wealth Management
Net banking income 1 1 1 1 4
o.w. Lyxor 0 0 0 0 0
o.w. Private Banking 1 1 0 1 3
o.w. Other 0 0 1 0 1
Operating expenses 0 0 0 0 0
Gross operating income 1 1 1 1 4
Net cost of risk 0 0 0 0 0
Operating income 1 1 1 1 4
Net income from companies accounted for by 0 0 0 0 0
the equity method
Net income from other assets 0 0 0 0 0
Impairment losses on goodwill 0 0 0 0 0
Income tax 0 -1 0 0 -1
Net income 1 0 1 1 3
O.w. non controlling interests 0 0 0 0 0
Group net income 1 0 1 1 3
Average allocated capital 100 106 106 104 104
(in millions of euros) Q1 15 Q2 15 Q3 15 Q4 15 2015
Corporate Centre
Net banking income -36 -39 -38 -38 -151
o.w. financial liabilities 0 -62 -385 112 -335
Operating expenses 0 0 0 0 0
Gross operating income -36 -39 -38 -38 -151
Net cost of risk 0 0 0 0 0
Operating income -36 -39 -38 -38 -151
Net income from companies accounted for by the 0 0 0 0 0
equity method
Net income from other 0 0 0 0 0
assets
Impairment losses on 0 0 0 0 0
goodwill
Income tax 10 11 13 11 45
Net income -26 -28 -25 -27 -106
O.w. non controlling -1 -2 -1 -2 -6
interests
Group net income -25 -26 -24 -25 -100
3. Impact of transfer of activities from AAMO to Other in IBFS
(in millions Q1 15 Q2 Q3 15 Q4 15 2015
of euros) 15
Net banking income 48 17 14 9 89
Operating expenses -40 -19 -18 -20 -97
Gross operating income 8 -2 -4 -11 -8
Net cost of risk -17 -13 -7 -3 -41
Operating income -9 -15 -11 -14 -50
Net income from other assets 0 0 0 0 0
Net income from companies accounted for by the 0 0 0 0 0
equity method
Impairment losses on goodwill 0 0 0 0 0
Income tax 2 3 3 3 11
Net income -7 -12 -9 -11 -38
O.w. non controlling interests 0 0 0 0 0
Group net income -7 -12 -9 -11 -38
Average allocated capital 279 274 61 45 165
Societe Generale
Societe Generale is one of the largest European financial services groups. Based
on a diversified universal banking model, the Group combines financial solidity
with a strategy of sustainable growth, and aims to be the reference for
relationship banking, recognised on its markets, close to clients, chosen for
the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years.
With more than 148,000 employees, based in 76 countries, we accompany 32 million
clients throughout the world on a daily basis. Societe Generale's teams offer
advice and services to individual, corporate and institutional customers in
three core businesses:
* Retail banking in France with the Societe Generale branch network, Credit du
Nord and Boursorama, offering a comprehensive range of multichannel
financial services on the leading edge of digital innovation;
* International retail banking, financial services and insurance with a
presence in emerging economies and leading specialised businesses;
* Corporate and investment banking, private banking, asset management and
securities services, with recognised expertise, top international rankings
and integrated solutions.
Societe Generale is included in the main socially responsible investment
indices: FTSE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone
and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders
indices.
For more information, you can follow us on twitter (at)societegenerale or visit our
website www.societegenerale.com.
Societe Generale_ Pro Forma 2015 Quarterly Series:
http://hugin.info/143574/R/2000490/738028.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Société Générale via GlobeNewswire
[HUG#2000490]
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2016 - 08:47 Uhr
Sprache: Deutsch
News-ID 461849
Anzahl Zeichen: 58237
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 185 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SOCIETE GENERALE: PRO FORMA 2015 QUARTERLY SERIES"
steht unter der journalistisch-redaktionellen Verantwortung von
Société Générale (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
