Société générale

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 2016 total assets of Société générale were 1 382,24 bln EUR.

Société générale is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (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.

Address
29 BOULEVARD HAUSSMANN, 75009, PARIS 09, France
Website
https://www.societegenerale.fr/
Total Assets (2016)
1 382.24 bln EUR  (+3.59%)
Credit Ratings (as of Apr 2016)
-/A2
Deposit Guarantee
100 000 EUR
BIC (SWIFT)
SOGEFRPPXXX
MFI ID
FR30003

Business Summary

Eligible Clients
natural persons, residents and non-residents of France
self-employed professionals
small- and medium-sized enterprises
corporations
non-profit organizations
Services
retail banking
private banking
corporate banking
insurance
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
home savings accounts
consumer loans
car loans
mortgage loans

Products

Credit Cards

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.

Last updated 22 August 2017

Visa Classic
Sales Region
France
Card Currency
EUR
Card Provider
Visa
Card Type
Standard
Annual Costs (EUR)
44.50
Credit Card Details
Product Name
Visa Classic
Card Provider
Visa
Card Type
Standard
Annual Costs
44.50 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services
Visa Infinite
Sales Region
France
Card Currency
EUR
Card Provider
Visa
Card Type
Standard
Annual Costs (EUR)
330.00
Credit Card Details
Product Name
Visa Infinite
Card Provider
Visa
Card Type
Standard
Annual Costs
330.00 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services

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.

See Also

Financial Positions

Total Assets (2016)
1 382.24 bln EUR  (+3.59%)

In 2016 total assets of Société générale were 1 382.24 bln EUR. Growth compared to the previous period (2015) was 3.59%. The evolution of the total assets of Société générale is shown at Chart 1 below.

Total Assets of Société générale. Chart 1. Total Assets of Société générale.

Credit Ratings (as of Apr 2016)

Fitch Moody's
- (not rated) A2 (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 April 2016 are shown in details in the following sections.

Moody's

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 Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  baa2
Short-Term Rating  Ba2
Outlook  stable

Outlook for the ratings of Société générale is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
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

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

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.

BIC  SOGEFRPPXXX
Bank BIC Code  SOGE
Country Code  FR (France)
Location Code  PP
Branch Code  XXX

MFI ID

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.

MFI ID  FR30003