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.
In 2017 total assets of Société générale were 1 275,13 bln EUR. In 2017 the bank's net income was 2 806,00 mln EUR.
Société générale is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
Société générale participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Société générale is headquartered in PARIS 09.
|natural persons, residents and non-residents of France
small- and medium-sized enterprises
time deposit accounts
home savings accounts
Société générale provides products and services in the areas of retail banking, private banking, corporate banking, insurance. The range of products offered by Société générale includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts, home savings accounts, consumer loans, car loans, mortgage loans. Société générale makes its solutions available to natural persons, residents and non-residents of France, self-employed professionals, small- and medium-sized enterprises, corporations, non-profit organizations.
Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Société générale.
Updated on 17 October 2018
France: This product is offered to French residents only. When clicking on the product link you will be redirected to the product page in French.
|Total Assets (2017)|
|1 275.13 bln EUR (-7.75%)|
In 2017 total assets of Société générale were 1 275.13 bln EUR. Decline compared to the previous period (2016) was -7.75%. The evolution of the total assets of Société générale is shown at Chart 1 below.
Chart 1. Total Assets of Société générale.
|Net Income (2017)|
|2 806.00 mln EUR (-27.57%)|
In 2017 net income of Société générale was 2 806.00 mln EUR. Decline compared to the previous period (2016) was -27.57%. The evolution of the net income of Société générale is shown at Chart 2 below.
Chart 2. Net Income of Société générale.
|- (not rated)||A1 (upper medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Société générale is rated by Moody's.
Credit ratings assigned to Société générale as of May 2018 are shown in details in the following sections.
Long-term rating for Société générale it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Baseline credit assessment is baa2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A1|
|Baseline Credit Assessment||baa2|
Outlook for the ratings of Société générale is set to stable (not likely to change).
|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 credit institutions operating in France are obliged to participate in French deposit guarantee scheme.
In the case of Société générale 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 Société générale and its components are shown in the table below.
|Bank BIC Code||SOGE|
|Country Code||FR (France)|
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 Société générale is shown in the table below.
The following banks operating under Societe Generale brand name has been recently closed down: