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SocGen hikes profitability target in new strategic plan

The French lender aims for 13% to 14% return on tangible equity in 2029 as it cuts costs and keeps shareholder payouts unchanged.

Summary by Business Times
It is aiming for a cost-to-income ratio of below 55% by 2029, against a current target of 60% Read more at The Business Times.

4 Articles

ReutersReuters
Reposted by
www.economica.netwww.economica.net
Center

SocGen lifts profitability target, pledges cost cuts

·London, United Kingdom
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BloombergBloomberg
Center

SocGen Raises Profitability Goal to At Least 13% in New Plan

Societe Generale SA Chief Executive Officer Slawomir Krupa lifted the lender’s profitability target as he aims to cut costs and boost investor payouts with a new strategy.

·New York, United States
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Business TimesBusiness Times
Lean Right

SocGen hikes profitability target in new strategic plan

It is aiming for a cost-to-income ratio of below 55% by 2029, against a current target of 60% Read more at The Business Times.

·Singapore, Singapore
Read Full Article
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Business Times broke the news in Singapore, Singapore on Monday, September 21, 2026.
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