Brief: Societe Generale Targets Over Eur 13 bln Distribution By 2029

Societe Generale SA

21/09/2026 05:31

Sept 21 (Reuters) - Societe Generale SA SOGN.PA:
OUTLOOK 2029: 2026E-2029 AVERAGE ANNUAL GROWTH (CAGR) IN GROUP REVENUES +3%
OUTLOOK 2029: COST REDUCTION OF -2% VERSUS. 2026 ESTIMATED (2026E)
OUTLOOK 2029: COST OF RISK IN A TARGET RANGE OF 25 TO 30BPS IN 2026E-2029
OUTLOOK 2029: COST/INCOME RATIO BELOW 55%; CET1 RATIO ABOVE 13%
OUTLOOK 2029: ROTE BETWEEN 13% AND 14% IN 2029 AND MORE THAN 15% IN 2030 AND BEYOND
DISTRIBUTION TO EXCEED EUR 13 BILLION OVER 2026E-2029, POSSIBLE PAYOUT OF EUR 21 BILLION
DISTRIBUTION OF EXCESS CAPITAL ABOVE THE CET1 RATIO OF 13%; LOW-TO-MID TEENS CAGR OF THE DIVIDEND/SHARE OVER 2026E-2029
TO ACCELERATE GROWTH OF BOURSOBANK, TARGETS 14 MILLION CUSTOMERS BY END-2029
AI-RELATED INITIATIVES WILL GENERATE BETWEEN EUR 500 MILLION AND EUR 600 MILLION IN SAVINGS
GLOBAL BANKING AND INVESTOR SOLUTIONS DIVISION TARGETING COST-INCOME RATIO OF BELOW 60% IN 2029
DISTRIBUTION PAYOUT POLICY TO REMAIN UNCHANGED AT 50% OF REPORTED NET INCOME
ANNUAL REVENUE GROWTH OF BETWEEN 3% AND 5% IN FINANCIAL AND ADVISORY ON AVERAGE BETWEEN 2026 AND 2029, GLOBAL MARKETS REVENUE OF EUR 6-6.5 BILLION
Source text: Here
Further company coverage: SOGN.PA

 (Rédaction de Gdansk)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))