Société Générale 2029 Strategic Targets
Targets ~3% Average Annual Group Revenue Growth From 2026 To 2029 Targets 2029 Cost Base Below 16.3B, ~2% Lower vs 2026 Targets Cost/Income Ratio Below 55% Targets CET1 Ratio Above 13% Targets ROTE Of 13% To 14% In 2029 And Above 15% From 2030 Targets Cost Of Risk At 25bp To 30bp Over 2026-2029 Targets Distribution Above 13B Over 2026-2029, With Potential Payout Of 21B Distribution Payout Policy To Remain Unchanged At 50% Of Reported Net Income Plans Distribution Of Excess Capital Above 13% CET1 Ratio Targets Low-To-Mid Teens Dividend/Share CAGR Over 2026-2029 Financial & Advisory Targets 3% To 5% Average Annual Revenue Growth Through 2029 Global Markets Revenue Target: 6.0B To 6.5B Global Banking & Investor Solutions Targets Cost/Income Ratio Below 60% In 2029 BoursoBank Targets 14M Customers By End-2029 AI Initiatives Expected To Generate 500M To 600M In Savings