Société Générale targets 13%-14% ROTE in 2029 under new strategic plan

Bitget2026/09/21 04:30

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Société Générale set 2029 targets in a strategic plan, following a 2023 transformation that lifted financial performance.
Cost base forecast below EUR 16.3 billion by 2029, about 2% lower than the estimated 2026 level.
Group revenue expected to grow about 3% per year on average from 2026e to 2029.
2029 cost-to-income ratio seen below 55% with cost of risk targeted at 25-30 bps for 2026e-2029.
ROTE guided at 13%-14% in 2029, above 15% from 2030, with CET1 ratio kept above 13%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Société Générale SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609210030OMX_____CNEWS_FR_GNW1001273671_fr) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Société Générale targets 13%-14% ROTE in 2029 under new strategic plan

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