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société générale shows promising signs towards achieving 2026 strategic goals
Société Générale is pursuing a strategic turnaround by 2026, aiming for a CET 1 ratio of 13%, a cost-to-income ratio below 60%, and a RoTE of 9-10%. Following a strong Q3 2024 performance, with net income soaring to €1.367 billion, analysts are increasingly optimistic about the bank's recovery and its ability to meet these targets. CEO Slawomir Krupa emphasizes a focus on capital build-up and profitability improvement amid ongoing restructuring efforts.
societe generale announces leadership changes with deputy ceo and cfo stepping down
Societe Generale is undergoing a leadership overhaul as Deputy CEO Philippe Aymerich and CFO Claire Dumas are set to step down. The announcement coincided with the release of the bank's third-quarter results, signaling a significant shift in its executive team.
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