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Société Générale — Capital/Financing Update 2013
Sep 9, 2013
1671_iss_2013-09-09_2cb588c8-8104-4ad8-b1d8-6fe3c9a928bc.pdf
Capital/Financing Update
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FINANCIAL INFORMATION
Paris, 9 September 2013
UPDATE OF Q2 13 FINANCIAL INFORMATION: PUBLICATION OF THE BASEL 3 LEVERAGE RATIO
Societe Generale indicates that its Basel 3 leverage ratio at the end of June 2013 stood at 3.2%*, corresponding to a numerator of 37.4 billion euro of Tier 1 capital** and a denominator of 1178 billion euro of total assets.
During the months of July and August, several factors have contributed to further reinforce this ratio:
- capital increase reserved for employees,
- disposal of legacy assets which had previously given rise to Core Tier 1 capital deductions,
- subordinated hybrid Tier 1 issue.
The combined effect of these elements on the Basel 3 leverage ratio is estimated at around +10 basis points.
- * Based on our understanding of CRR/CRD4 rules as published on 26th of June, including the Danish compromise for insurance
- ** p. 35 of the presentation of the Q2 13 financial results
PRESS RELATIONS
HELENE AGABRIEL +33(0)1 41 45 98 33
[email protected] NATHALIE BOSCHAT +33(0)1 42 14 83 21 ANTOINE LHERITIER +33(0)1 42 13 68 99
ASTRID BRUNINI +33(0)1 42 13 68 71 [email protected]
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SOCIETE GENERALE COMM/PRS 75886 PARIS CEDEX 18 SOCIETEGENERALE.COM
A FRENCH CORPORATION WITH SHARE CAPITAL OF EUR 998 320 373.75 552 120 222 RCS PARIS
LAETITIA MAUREL +33(0)1 42 13 88 68 [email protected]
Societe Generale
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for 150 years. With more than 154,000 employees, based in 76 countries, we accompany 32 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;
- International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;
- Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.
Societe Generale is included in the socially-responsible investment indices FTSE4Good and ASPI.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com.