Société Générale
Building team spirit together
|
|
|
|
| Société Anonyme | |
| Industry | Financial services |
| Founded | May 4, 1864 |
| Headquarters |
Boulevard Haussmann, 9th arrondissement, Paris registered office, Tours Société Générale, Nanterre/La Défense, France (operational headquarters) |
|
Area served
|
Worldwide |
|
Key people
|
Frédéric Oudéa (CEO) |
| Products | Retail, private, investment and corporate banking; insurance; investment management |
| Revenue |
 €25.639 billion (2015) |
|
€5.681 billion (2015) |
|
| Profit |
€4.001 billion (2015) |
| Total assets |
€1.334 trillion (2015) |
| Total equity |
€62.675 billion (2015) |
|
Number of employees
|
146,000 (2015) |
| Website | societegenerale |
Société Générale S.A. is a French multinational banking and financial services company headquartered in Paris. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services.
Société Générale is France's third largest bank by total assets, sixth largest in Europe or seventeenth by market capitalization. The company is a component of the Euro Stoxx 50 .
Société Générale is one of the oldest banks in France. Founded in 1864 its original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France (English: General Company to Support the Development of Commerce and Industry in France).
The bank was founded by a group of industrialists and financiers during the second empire, on May 4, 1864. The bank's first chairman was the prominent industrialist Eugène Schneider (1805–1875) followed by Edward Blount, a Scotsman.
The company started to hire employees and establish offices. Coverage of France went ahead at a steady rate. By 1870, the bank had 15 branches in Paris and 32 in the rest of France. It set up a permanent office in London in 1871.
At the beginning, the bank used its own resources almost entirely for both financial and banking operations. In 1871, Société Générale moved into the public French issues market with a national debenture loan launched to cover the war indemnity stipulated in the Treaty of Frankfurt.
In 1886, Société Générale was part of the bank consortium (along with the Franco-Egyptian Bank and the Crédit Industriel et Commercial) that financed the construction of the Eiffel Tower.
From 1871 to 1893, France went through a period of economic gloom marked by the failure of several banking establishments. The company continued to grow at a more moderate pace. In 1889, there were 148 banking outlets, demonstrating the group's capacity to withstand unfavourable economic conditions.
...
Wikipedia