The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Société Générale chairman Daniel Bouton: France’s banking model

Société Générale chairman Daniel Bouton speaks to Euromoney’s Jennifer Morris about his bank’s performance, strategy and prospects

Your results this year were pretty impressive considering market conditions but as usual rely on income from retail banking. Do you believe that's sustainable?


We had a good year in retail banking but it wasn't the only business driving results. The performance of the corporate and investment bank is absolutely brilliant considering the performance of the sector. SG is among the best performers in Europe, with a 16.3% return on equity excluding restructuring costs.

We have now reached what I consider to be a good allocation of equity. A quarter of our capital is in corporate and investment banking. Second, we have built an asset management platform that is among the top in continental Europe. Third, the retail bank in France performs very well. We have also built new businesses with retail banking outside France generating 12% of the group's net banking income and specialized financial services at 11% in 2002. My idea is not to change this allocation, which in my view fits very well with the current situation.

What do you see as the greatest threat to your business today?

It's the uncertainty of the economic situation in the countries where you operate.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree