|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||24.89 - 26.10|
|52-week range||21.10 - 41.27|
|Beta (5Y monthly)||1.84|
|PE ratio (TTM)||3.89|
|Forward dividend & yield||1.88 (7.57%)|
|Ex-dividend date||25 May 2022|
|1y target est||N/A|
The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea. One of the longest serving chief executives in European banking since the financial crisis, Oudea took investors by surprise on Tuesday, when he said he would step down in 2023 after 15 years of running the lender. Philippe Fournil, an official of the CGT union, said Oudea's successor was expected to be announced within six months so as to allow a smooth transition period of a half year.
Societe Generale said on Wednesday it had closed the sale of its Russian business Rosbank to the Interros group, a firm linked to Russian oligarch Vladimir Potanin, which will result in the bank taking a 3.2 billion-euro ($3.35 billion) net income hit. The impact of the sale reflects the evolution of foreign exchange rates since the announcement of the disposal on April 11. On March 31, Societe Generale’s CET 1 ratio was 12.9%, or around 370 basis points above the regulatory requirement.
SOCIETE GENERALE HAS CLOSED THE SALE OF ROSBANK AND ITS RUSSIAN INSURANCE SUBSIDIARIESPress release Paris, May 18, 2022, 6 pm Societe Generale announces the closing of the sale of Rosbank and the Group’s Russian insurance subsidiaries(1) to Interros Capital. The impact of the sale, which reflects the evolution of foreign exchange rates since the announcement of the disposal on April 11, 2022, will be accounted for in Q2 22 and includes: A residual impact of around -7 basis points on the capital