New analysis on Société Générale

Scope Ratings has updated its rating report on Société Générale, rated A+ with Stable Outlook.

The ratings of Société Générale reflect the group’s strong and well managed retail banking franchises in France and Central & Eastern Europe. Mindful of challenges facing the retail banking industry, management is taking further action to become more efficient and to improve the client experience. As well, the group’s diversified universal banking business model contributes to earnings resilience although there is room for profitability to improve.

Meaningful capital markets activities and pockets of emerging markets presence expose the group to greater risks such as the volatility inherent in these markets and the need to ensure consistent compliance and controls across diverse geographies. The ratings also recognize the significant efforts the group has undertaken to reduce risks and to bolster prudential metrics relating to capital and liquidity.

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Editor in Chief: Wanda Rich

Editor in Chief: Wanda Rich

Wanda has over 20 years of experience in the Financial industry. She is an avid reader and a strong supporter of CSR and community outreach activities with a unique perspective of how financial institutions work.
She brings up to minute coverage on Banking, Foreign Exchange, Brokerage, Funds, Islamic Finance, Wealth Management, Corporate Governance, Project Finance, Merger and Acquisitions, Tax and Accounting, Inward Investment, CSR Activities; all under one Global Umbrella.

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