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UNIVERSAL

REGISTRATION

DOCUMENT

ANNUAL FINANCIAL REPORT 2019

(New version of the Registration Document)

TABLE OF CONTENTSťĩĄČĀĄ

ANNUAL FINANCIAL REPORT 2019

2020
(New version of the Registration Document)

UNIVERSAL

REGISTRATION

MESSAGE FROM THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER T he year 2019 was one of considerable pro- gress during which we achieved all the targets we set ourselves, whether strategic, nancial or extra- nancial.

We have ac-

celerated the refocusing of our activities on our areas of strength. Our more compact business model builds on po- sitions of leadership in busi nesses with high added-value for our clients and presence in buoyant geographic re- gions. These strategic adjust- ments enabled us to exceed our targeted increase in capi tal ratio to ensure the Bank's solidity over the long term. Our fourth-quarter and full-year nancial results also reected our discipline in terms of cost control, risk management and the in-depth changes of our busin esses that ar e under way and alr

eady making an impact. We equally received a great deal of recognition for the transparency and commit-

ments of our Corporate Social

Responsibility policy, which we

have strengthened.

This strict and extensive eff

or t, carried out with determina tion and success by our teams, seeks to meet the n an cial, regulatory, techno logical an d societal challenges which the

European banking sector is si

multaneously facing. Its pur- pose is to create a competitive, innovative and resolutely cus tomer-service oriented bank committed to the positive transformations of the world.

In 2020, the Board of Direct

or s will continue to work in close collaboration with the

General Management to pur-

sue and take full benet of this profound transformation,

We have always sought tohelp develop the economy over the long term through innovative solutions which we have achieved from generation to generation by building asolid andsustainable international bank.

Lorenzo Bini Smaghi

Chairman of the Board of Directors յČ쥥ĩĀյ MESSAGE FROM THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER in response to the expectat- ions of our stakeholders. In the short term, we will focus on the nancial targets set for

2020: reinforcing our capital

ratio and increasing protabil ity through highly disciplined cost control and risk manage- ment, while overcoming new decisive steps in our remediat- ion projects in regulatory and compliance areas. We will also be preparing our next strateg- ic stage in 2021 2

025 consist-

ent with our newly redened corporate purpose. "Building together, with our clients, a better and sus tainable future through re- sponsible and innovative nancial solutions"

Societe Generale was created

over 155 years ago to promote the development of trade and industry in France. This was our original purpose. We have always sought to help dev- elop the economy over the long term through innova tive solutions which we have achieved from generation to generation by building a solid and sustainable international bank while maintaining our pioneering spirit.

In today's world, economic

development goes hand in hand with en vironmental and social progress. The res- ult of collective reection by staff around the world to den e the role our Group seeks to continue to play in society, our renewed corpor- ate purpose, in line with our values and the expectations of our stakeholders, will be the keystone of our strategic decisions and guide our act- ions on a daily basis.

Frédéric Oudéa

Chief Executive Ofcer

Our renewed corporate purpose, in line with our values and the expectations of our stakeholders, will be the keystone of our strategic decisions and guide our actions onadaily basis.յČ쥥ĩĀյј

ћ(1) Underlying

(2) Core Equity Tier 1 Ratio (3) €24.7 bn

GROUP REVENUESGROUP NET INCOME

(1) € 4.1 bn

KEY POINTS OF THE YEAR 2019

FINANCIAL

SOLIDITY CET1

(2) 12 .7 %

2019 was a year of considerable progress during which

we achieved all the targets, both strategic and nancial.

A BANK FINANCING THE ECONOMY

GLOBAL BANKING

AND INVESTOR

SOLUTIONS

+ 6.4 %

Outstanding

loans (4)

Outstanding

deposits (4)

Number

of clients (3) + 1 %+ 6.3 %+ 4.9 %

Outstanding loans

vs. Q4 2018

INTERNATIONAL

RETAIL BANKING

AND FINANCIAL SERVICES

FRENCH RETAIL

BANKING

EUROPE BANK

OF THE YEAR

PROJECT FINANCE

INTERNATIONAL

ENERGY

TRANSITION

FINANCING

Commitment of

€120 bn between 2019 & 2023 57%
of clients are digitally active (5)

COMMITTED TO POSITIVE TRANSFORMATIONS

DIGITAL

TRANSFORMATIONSUSTAINABLE

DEVELOPMENT

OF AFRICA

7 SME CENTRES

OPEN AS PART OF

GROW WITH AFRICA

CREATING

VALUE FOR OUR

SHAREHOLDERS

FRENCH

RETAIL

BANKING

INTERNATIONAL

RETAIL BANKING

AND FINANCIAL

SERVICES

GLOBAL

BANKING AND

INVESTOR

SOLUTIONS

We built our banking model on our

vision and values, using the strength of our resources and our capacity for innovation to offer our clients services with added value. As a trusted partner, we are committed in all our business activities to contributing to the positive transformations of the world.

OUR VALUES

TEAM SPIRIT

INNOVATION

RESPONSIBILITY

COMMITMENT

O U R R E S O U R C E S O U R B U S I N E S S E S

29 million

clients (2) (individuals, professionals, corporates and institutionals) who put their trust in us

Total external Group

purchases of €6.1bn in 2019 and 5,100 suppliers under contract

A local presence in

62 countries

138,000

professional committed and responsible men and women (1)

Cutting-edge

expertise and technology

A solid nancial

structure

CET1 ratio of 12.7%

A strong and

innovative culture

OUR PURPOSE

BUILDING TOGETHER,

WITH OUR CLIENTS,

A BETTER AND

SUSTAINABLE FUTURE

THROUGH RESPONSIBLE

AND INNOVATIVE

FINANCIAL SOLUTIONSіťĩĄČĀĄԝČěĄ

OFFERING TECHNOLOGICAL

SERVICES AND SOLUTIONS

1.8 million vehicles managed by ALD57% of clients actively use online banking (Societe Generale network)

PROTECTING OUR CLIENTS

IN THEIR DAY-TO-DAY LIFE

AND THEIR PROFESSIONAL

ACTIVITIES

23 million insurance policies managedMarket-leading derivatives franchise

HELPING OUR CLIENTS

FINANCE THEIR PROJECTS

€400bn in outstanding consumer loans

PROTECTING AND MANAGING

OUR CLIENTS' SAVINGS

€410bn in deposits €4,213bn in assets under custody€119bn in assets under management for Private Banking

SECURING TRANSACTIONS

15 million payments and €430bn in transactions every day

Including, developing and

engaging our staff > Commitment rate: 83% of staff received training in 2019 O U R P R O D U C T S A N D S E R V I C E S O U R A D D Equotesdbs_dbs27.pdfusesText_33

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