Societe Generale targets 13%-14% return on tangible equity by 2029
At its Capital Markets Day, SocGen said it is targeting a return on tangible equity of 13%-14% in 2029, rising to more than 15% from 2030 onward. It also cited a 2026 target above 10%, previously raised from a 9-10% goal.
At its Capital Markets Day, SocGen said it is targeting a return on tangible equity of 13% to 14% in 2029, and more than 15% from 2030 onward. That compares with a 2026 target of above 10%, which was lifted from the 9-10% objective set in its previous strategic plan. The bank also…