Societe Generale: Disclosure of regulatory capital requirements as from 1st January 2023
15 Dezember 2022 - 8:41PM
Societe Generale: Disclosure of regulatory capital requirements as
from 1st January 2023
DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM
1st JANUARY
2023
Press release
Paris, December 15th 2022
The European Central Bank notified the level of
requirement in respect of P2R (Pillar 2 Requirement) for Societe
Generale, which will apply from 1st January 2023. This level stands
at 2.14%, 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 will be respectively 9.36% for the CET1 ratio,
11.26% for the Tier 1 ratio and 13.80% for the Total Capital ratio
as of 1st January 2023.
With a CET1 ratio at 13.1% (1) as of 30
September 2022, the Group benefits from a comfortable pro-forma
buffer of around 370 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
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 117,000 members of staff in 66 countries
and supports on a daily basis 25 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:
- French
Retail Banking which encompasses the Societe Generale,
Credit du Nord and Boursorama brands. Each offers a full range of
financial services with omnichannel products at the cutting edge of
digital innovation;
-
International Retail Banking, Insurance and Financial
Services, with networks in Africa, Central and Eastern
Europe and specialised businesses that are leaders in their
markets;
- Global Banking and Investor
Solutions, which offers recognised expertise, key
international locations and integrated solutions.
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.
- Societe-Generale-SREP-notification-EN
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