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 2015 total assets of Société générale were 1 334,00 bln EUR.
Société générale is rated by Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Long-term credit rating assigned to the bank by Standard & Poor's is A (strong capacity to meet its financial commitments). 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.
|Address||29 BOULEVARD HAUSSMANN, 75009, PARIS 09, France|
|Head of Group||Société Générale (France)|
|Eligible Clients||natural persons, residents and non-residents of France
small- and medium-sized enterprises
time deposit accounts
home savings accounts
|Total Assets (2015)||1 334.00 bln EUR (+1.99%)|
|Credit Ratings (as of Apr 2016)|
|Fitch||- (not rated)|
|Moody's||A2 (upper medium grade)|
|S&P's||A (strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
|European Presence||22 banks in 18 countries|
Credit cards are a convenient option to borrow funds for short-term financing. The following credit card products are offered by Société générale:
|Product||Card Provider||Annual Costs (EUR)||Product Link|
|Visa Classic [FR]||Visa||44.50||View Product|
|Visa Infinite [FR]||Visa||330.00||View Product|
[FR] This product is offered to French residents only. When clicking on the product link you will be redirected to the product page in French.
See Also: Credit Cards in France
In 2015 total assets of Société générale were 1 334.00 bln EUR. Growth compared to the previous period (2014) was 1.99%. The evolution of the total assets of Société générale is shown at Chart 1 below.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, Société générale is rated by Moody's and Standard & Poor's.
Credit ratings assigned to Société générale as of April 2016 are shown in details in the following sections.
Long-term rating for Société générale it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is baa2. Short-term rating is set to Ba2.
|Long-Term Bank Deposit Rating||A2|
|Bank Financial Strength Rating||baa2|
Outlook for the ratings of Société générale is set to stable (not likely to change).
Long-term foreign currency rating for Société générale is set to A (strong capacity to meet its financial commitments). Long-term local currency rating is set to A (strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||A|
|Long-Term Local Currency Rating||A|
|Short-Term Foreign Currency Rating||A-1|
|Short-Term Local Currency Rating||A-1|
Short-term foreign currency rating for Société générale is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).
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|
Further Information: Deposit Guarantee Scheme in France
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
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.