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Societe Generale lifted its return on tangible equity target to between 13% and 14% in 2029 and aims for a cost-to-income ratio below 55% by 2029, according to a new strategic plan unveiled on Monday.
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 Abo
Societe Generale said it is presenting a strategic roadmap supported by “disciplined execution,” highlighting a “new phase” of “profitable and value-creating growth,” and setting out “ambitious financial targets” along with an “attractive distribution policy.”
Société Générale set 2029 targets in a strategic plan, following a 2023 transformation that lifted financial performance. Cost base forecast below EUR 16.3 billion by 2029, about 2% lower than the estimated 2026 level. Group revenue expected to grow about 3% per year on average from 2026e to 2029. 2029 cost-to-income r