The contribution to Group net income totalled EUR 226 million in Q2 20 (-56.1%* vs. Q2 19) and The Group has finalised the strategic review carried out in Global Markets on structured products and has set three priorities:Fixed Income & Currencies enjoyed an very good Q2, in all regions. » In April and May, structured product activities continued to be impacted by the cancellation of dividend payments (loss of EUR 200 million), a still strong correlation and strict production constraints. Rapport intégré 2019-2020 Assemblée générale Document d’enregistrement universel, document de référence, Pilier 3 et Rapport sur les Politiques de rémunération The subsidiaries had issued EUR 551 million. Net banking income amounted to EUR 187 million in Q2 20, up +6.9% vs.  Q2 19 (and +6.3% vs. Q1 20). La banque de la Défense a redressé de façon spectaculaire le niveau de ses fonds propres en 2019, comme en témoignent les résultats annuels publiés jeudi : son ratio de solvabilité est ainsi passé de 10,9 % à fin 2018 à 12,7 % un an plus tard.Analystes et investisseurs saluent d'ailleurs les efforts menés.

The Group’s commercial cost of risk (expressed as a fraction of outstanding loans) amounted to 97 basis points in Q2 20, higher than in Q1 20 (65 basis points) and Q2 19 (25 basis points), or EUR 1,279 million.

Revenues totalled EUR 3,714 million in H1 20, down -4.7%* (-11.6%) vs. H1 19.Operating expenses were down -7.0%* (-14.5%), at EUR -979 million, vs. Q2 19, which included a restructuring provision related to the simplification of the head office structure amounting to EUR 29 million. Societe Generale’s Board of Directors, which met on July 31 st, 2020 under the chairmanship of Lorenzo Bini Smaghi, examined the Societe Generale Group’s results for Q2 and H1 2020. CEO Frédéric Oudéa comments on the Group's results. They were down -16.8% vs. a strong Q2 19.

Entrepreneurs : c’est vous qui ferez la différence, qui construisez votre avenir et notre avenir ! Over the same period, assets under administration were up +3.5% at EUR 599 billion. * Excluding exceptional items and including linearisation of the IFRIC 21 effect. During H1 20, Societe Generale demonstrated its ability to absorb the impacts of the crisis due to the quality of its asset portfolio and the robustness of its balance sheet with, in particular, a capital level of 12.5%, or 350 basis points above the regulatory requirement.Drawing on this solid base, the Group will continue to adapt its activities to the new post-COVID crisis environment, particularly in structured products, as well as its efforts to reduce costs in 2020 and in the medium term, through structural initiatives.Finally, Societe Generale is already preparing its 2021-2023 strategic plan based around its three priority objectives:It may be necessary for the Group to present underlying indicators in order to facilitate the understanding of its actual performance.

Même tendance pour la banque de détail et les services financiers internationaux, où le bénéfice net baisse de 5,3 %, à 1,9 milliard.La banque de financement et investissement voit même ses profits plonger de 20 %, à 958 millions d'euros. At June 30The CET1 ratio is expected to be at the top of the range of between 11.5% and 12% at end-2020. The cost to income ratio stood at 55.9% in Q2 20 and 57.2% in H1 20. New; 6:15.

Assets under management increased by +2.4% vs. March 2020, to EUR 114 billion.Lyxor posted a performance down -21.6% in Q2 20, impacted by the challenging market conditions. / CA 2020

Lyxor is the first provider to launch an ETF ecosystem to tackle climate change, which further strengthens its leadership status in the Green Bonds segment.The Corporate Centre’s net banking income totalled EUR -88 million in Q2 20 vs. EUR -100 million in Q2 19 and EUR -389 million in H1 20 vs. EUR -140 million in H1 19.Operating expenses totalled EUR -78 million in Q2 20 vs. EUR +138 million in Q2 19, which included an operating tax adjustment for EUR +241 million.

Table of the change in the CET1 ratio in the quarterNB (1) The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding rules. The Societe Generale Annual General Meeting of 19 May, 2020 will be held at 4.00pm CET without the physical presence of its shareholders given the measures limiting public gatherings due to the health situation in France. Société Générale : le résultat net part du groupe sous-jacent ressort à 875 ME (+8,7%) au T4 Claude Leguilloux , publié le 06/02/2020 à 07h27 Entrepreneurs : c’est vous qui ferez la différence, qui construisez votre avenir et notre avenir !

It also launched the third generation of its digital application.Boursorama consolidated its position as the leading online bank in France, with around 2.37 million clients at end-June 2020 and provided further evidence of the agility of its online banking model with a comprehensive offering.

The Group is built on three complementary core businesses:Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. The Cost/Income Ratio is defined on page 43 of Societe Generale’s 2020 Universal Registration Document. La Banque Française Mutualiste et Société Générale s’associent pour vous proposer le meilleur de 2 banques en 1.

« La décision du groupe de faire évoluer sa politique de dividende va également dans le sens d'une optimisation des fonds propres : la banque s'engage à reverser la moitié du résultat net, pouvant inclure une composante rachat d'actions jusqu'à 10 %.