US Bonds Aren’t Hurting The Yen, Euro as Much as Other Currencies, Says SocGen -October 19, 2023 at 09:46 am EDT
Société Générale is one of the largest French banking groups. Net interest income breaks down by activity as follows:
- financing and investment banking (35.9%): specialized financing (for acquisitions, projects, etc.), activity on the stock, interest rate, currency exchange, and raw material markets, brokerage operations, merger-acquisition consulting, commercial banking activities, etc.;
- retail banking in France (31.5%; SG). The group also develops asset management and private banking activities (EUR 147 billion in assets under management in 2022), and provides online banking and online brokerage services (Boursorama Banque) as well as an economic and financial information Website (boursorama.com);
- international retail banking (18.4%);
- provision of specialized financial and insurance services (14.1%): consumer loan, leasing, management of car fleets, professional equipment financing and insurance;
- other (0.1%).
At the end of 2022, Société Générale managed EUR 523.9 billion in current deposits and EUR 495.6 billion in current credits.
Net interest income is distributed geographically as follows: France (48.4%), Europe (32.4%), Americas (7.2%), Africa (6.6%), Asia and Oceania (5.4%).
