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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Societe Generale SA | TG:SGE | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.13 | -0.54% | 23.77 | 23.74 | 23.80 | 24.01 | 23.585 | 23.96 | 2,514 | 22:50:06 |
DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM 1st MARCH 2022Press releaseParis, 3 February 2022
The European Central Bank notified the level of requirement in respect of P2R (Pillar 2 Requirement) for Societe Generale, which will apply from 1 March 2022. This level stands at 2.12%, including the additional requirement regarding pillar 2 prudential expectations on calendar provisioning regarding non-performing loans granted before 26 April 2019.
Considering the combined regulatory buffers, the minimum requirements applicable to Societe Generale on a consolidated basis are respectively 9.23% for the CET1 ratio, 11,13% for the Tier 1 ratio and 13,66% for the Total Capital ratio as of 1 March 2022.
With a CET1 ratio at 13.4% (1) as of 30 September 2021, the Group benefits from a comfortable pro-forma buffer of around 420 basis points above the threshold for triggering distribution limitations.
(1) Including IFRS 9 phasing. Based on CRR2/CRD5 rules, including the Danish compromise for insurance. Press contacts:Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.comFanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com
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 133,000 members of staff in 61 countries and supports on a daily basis 30 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:
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 www.societegenerale.com.
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