Source: Investing Published on 10/02/2025, 04:22 AM
Paris – Societe Generale (OTC: SCGLY ), the French multinational banking and financial services company, has released its 2024 consolidated financial statements and a press release outlining its financial results for the fourth quarter of 2024. The bank published the documents on Monday, and you can access them on the bank’s investor relations website.
The 2024 consolidated financial statements cover the financial period from January 1, 2024, to December 31, 2024, and follow International Financial Reporting Standards (IFRS). Societe Generale stated that the financial statements have not undergone an audit but include figures that closely align with those expected in the upcoming audited annual financial statements.
In addition to the financial statements, the press release on the financial results for the fourth quarter of 2024 provides an overview of the Bank’s performance in the fourth quarter as well as the full year of 2024.
Societe Generale has ensured that the information contained in the documents is not misleading and is in compliance with current regulations. The issuance of these documents aims to keep the public and investors informed of the Bank’s financial position in accordance with regulatory requirements.
The documents have been submitted to the National Storage Mechanism and are scheduled to be available for inspection shortly. This submission is in line with the Bank’s commitment to transparency and compliance with regulatory standards.
Investors and interested parties should consult the financial statements and press release directly on Societe Generale’s website. The Bank also clarifies that other content on its website, as well as content from other websites accessible through hyperlinks on its website, does not appear in this announcement.
At the level of the last quarter of the year, the Group’s net income increased to EUR 1.04 billion, compared to EUR 429 million in the same period last year, while net banking income increased to EUR 6.62 billion, compared to EUR 5.96 billion.
The Board of Directors approved the distribution policy for the financial year 2024, targeting a distribution of EUR 2.18 per share, totaling EUR 1.74 billion, with EUR 872 million allocated for share buybacks.
