Established in 1864, Société Générale is one of the largest French banks. Société Générale is a universal bank, offering its clients retail, corporate, investment banking products and services as well as private banking and asset management. SOCIETE GENERALE operates as a branch of Société générale (France).
SOCIETE GENERALE is the 46th largest bank in Belgium in terms of total assets. In 2017 its total assets were 781,19 mln EUR, providing the bank with the market share of 0.07%.
SOCIETE GENERALE participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
SOCIETE GENERALE is located in BRUXELLES.
|Total Assets (2017)|
|781.19 mln EUR (-47.23%)|
In 2017 total assets of SOCIETE GENERALE were 781.19 mln EUR. Decline compared to the previous period (2016) was -47.23%. The evolution of the total assets of SOCIETE GENERALE is shown at Chart 1 below.
Chart 1. Total Assets of SOCIETE GENERALE.
Recent changes in total assets of SOCIETE GENERALE and its main components are shown in Table 1.
|Cash and deposits with Central Banks||75.0||90.2||+20.34%|
|Loans to banks||197.2||191.9||-2.67%|
|Loans to customers||389.6||390.3||+0.19%|
|Total Assets||1 480.2||781.2||-47.23%|
|Table 1. Recent changes in total assets of SOCIETE GENERALE (mln EUR).|
Recent changes in total liabilities of SOCIETE GENERALE and its main components are shown in Table 2.
|Total Liabilities||1 480.2||781.2||-47.23%|
|Table 2. Recent changes in total liabilities of SOCIETE GENERALE (mln EUR).|
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of EEA-banks operating in Belgium participate in deposit guarantee schemes of their home countries. This means that SOCIETE GENERALE participates in the deposit guarantee scheme of France.
In the case of SOCIETE GENERALE failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)|
|Covered Currencies||all currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of SOCIETE GENERALE and its components are shown in the table below.
|Bank BIC Code||SGAB|
|Country Code||BE (Belgium)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of SOCIETE GENERALE is shown in the table below.
The following banks operating under Societe Generale brand name has been recently closed down: