Société Générale: suspicions of tax fraud – 06/25/2025 at 09:44

(AOF) – The Société Générale offices in Paris. For example, Luxembourg have been searched by the National Financial Prosecutor’s Office, reveal several media. For example, According to a judicial source quoted by Reuters. However, these searches intervened within the framework of a preliminary investigation, opened in 2024, for “money laundering of tax fraud”, “money laundering of tax fraud in organized or aggravated band” and “association of criminals”, said the source. In addition,

“The facts are likely to have been committed since 2009 in France and abroad, especially in Luxembourg,” said the source. Four people, including Société Générale executives, were placed in police custody.

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Key points

– Bank born in 1864. one of the 1st European financial services groups;

– Banking net product société générale: suspicions tax fraud of € 26.8 billion carried out by the retail bank. private banking and insurance in France –Marques Société Générale and Boursorama, retail banking, financial and international mobility services and by the Bank of large customers and investor solutions;

– Ambition: a robust bank, at the forefront of positive and sustainable transformations, 100 % digitalized;

– Strong presence of employees (9.84 % and 14.94 % of voting rights) in capital, with a council of 15 administrators chaired by Lorenzo Binaghi, Slawomir Krupa being CEO.

Challenges

– Agility of the business model reorganized by a tight direction:

– PERFORMANCE OF CAPITAL USE: Growth of weighted outstandings limited to 1 % per year – Horses Boursorama. ALD,

– Continuation of cost savings (€ 680 million by the end of 2026) via IT efficiency, the simplification of the organization and société générale: suspicions tax fraud the proximity of trades promoting cross -sales,

– Strengthening strong positions: French network, Boursobank, global positions in mobility (Ayvens car rental), Actions professions (joint venture with Bernstein for analysis or with Brookield for private debt),

– Innovation anchored in the group’s DNA, at the service:

– from a Data Driven bank via artificial intelligence (+ 200 M € of annual value creation via data and AI), the cloud “2nd generation”, also distributed between the private and the public,

– the creation of business models -Shine for private customers, forge for digital obligations, arising for cryptocurrencies…;

– Environmental strategy aimed at the rank of world n ° 1 in sustainable finance in 2025:

– “ESG by design” project of integrating criteria in all trades,

– Commitment of € 500 billion in contribution to sustainable finance between 2025 société générale: suspicions tax fraud and 2030,

– Investment funds for the energy transition in the amount of € 1 billion,

– Partnership with the BEI of unlocking € 8 billion to finance wind turbines;

– Solid assessment with a 3.3 % 3.3 % ratio and a liquidity coverage ratio of 156 %.

Challenge

– Evolution of net assets per share of € 70. to be compared to the stock market and cost cost, which is largely reduced to 23 base points at 1 ^is quarter, especially in retail banking in France;

– Realization of an additional return of capital high at 2 ^nd semester ;

– Waiting for investors of an increase in the share buyout program;

– After a 1 ^is Inception quarter of 10.2 % of income. 69 société générale: suspicions tax fraud % of the operating profit, targeting 2025 objectives: ratio CE1 at 13 %, cost of risk between 25 and 30 basic points, increase in income of + 3 %, operating coefficient below 66 %;

– Dividend 2024 of € 1.09, share repurchase program of € 872 million, with commitment of a global distribution rate of 50 % also distributed between dividends and share buybacks.