• Societe Generale: The European Banking Authority publishes the results of the 2023 european stress testing exercise

    Source: Nasdaq GlobeNewswire / 28 Jul 2023 11:58:38   America/Chicago

    THE EUROPEAN BANKING AUTHORITY PUBLISHES THE RESULTS OF THE 2023 EUROPEAN STRESS TESTING EXERCISE

    Regulated Information

    Paris, 28 July 2023

    The European Banking Authority published on 28th July 2023 the results of the 2023 Europe-wide stress-testing exercise covering 70 banks in the European Union.

    The detailed results of the stress testing for Societe Generale are available on the Group’s Corporate website under “Pillar 3 and other prudential information” at:

    Pillar 3 and other prudential information.

    The complete results and information regarding the methodology used for the set of European banks reviewed are available on the European Banking Authority website: www.eba.europa.eu.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.

    Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

    • French Retail Banking with the SG bank, resulting from the merger of the two Societe Generale and Crédit du Nord networks, and Boursorama. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
    • International Retail Banking, Insurance and Financial Services, with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets;
    • Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

    Societe Generale is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of Societe Generale’s newsroom page where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter @societegenerale or visit our website societegenerale.com.

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