“I am happy to leave a bank with very solid fundamentals”
, welcomed Wednesday, Frédéric Oudéa, the CEO of Societe Generale since 2008, presenting its fourteen annual results.
On May 23, he will pass the torch to Slawomir Krupa, current head of Societe Generale's corporate and investment bank (BFI).
After several difficult years, the bank with the red and black logo is doing well.
In 2022, it generated record revenues of 28.06 billion euros, up 8.8% year-on-year.
Weighed down by his retirement from Russia, his net income was almost divided by three to 2.02 billion euros.
In the spring, the crash sale of its Russian subsidiary, Rosbank, cost it 3.3 billion euros.
Without this, Societe Generale could have matched the record results of 2021, at 5.6 billion euros.
Read alsoSociété Générale sets ambitious goals for 2025
“Societe Generale is benefiting from a more favorable environment for banks, even if the rise in interest rates is not yet playing its full part for…
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