Global Engine Group Holding Limited is an integrated solutions provider that operates via a wholly-owned subsidiary incorporated in Hong Kong to deliver (i) ICT solution services which include the cloud platform deployment, IT system design and configuration, maintenance, data center colocation and cloud services; (ii) technical services which include the technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, as ...

Core Viewpoint - Societe Generale has appointed Alexis Kohler as Executive Vice President, effective June 2025, to enhance the bank's leadership team and support its development in Investment Banking and transformation initiatives [1][2]. Group Executive Committee - The Group Executive Committee will include Slawomir Krupa as CEO, Pierre Palmieri as Deputy CEO, and Alexis Kohler as Executive Vice President and Chairman of Investment Banking, among others [3][5]. Responsibilities of Alexis Kohler - Alexis Kohler will lead Mergers & Acquisitions, Equity Capital Markets, and Acquisition Finance activities, and will coordinate coverage teams for large clients [4]. - He will assist the CEO in implementing transformation programs and oversee the Group's General Secretariat, Human Resources, and Communication departments [4]. Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [6]. - The bank has a long history of 160 years in providing a wide array of advisory and financial solutions, emphasizing sustainable value creation for stakeholders [6]. Business Segments - The Group operates three complementary business sets, focusing on environmental transition and sustainability, and is included in major socially responsible investment indices [7][11].

Core Points - The Board of Directors of Societe Generale has proposed renewals and appointments of board members ahead of the Shareholders' General Meeting scheduled for 20 May 2025 [1] - The proposal includes the replacement of two female directors and the renewal of three male directors [1] - The board composition will reflect 42% women, 92% independent directors, and 40% foreign nationals if the proposals are approved [8] Board Member Changes - Mrs. Ingrid-Helen Arnold, aged 56, will be proposed for her first term as an independent Director, bringing expertise in information systems and digital transformations [2] - Mr. Olivier Klein, aged 67, will also be proposed for his first term as an independent Director, with a strong background in retail banking and macroeconomic issues [3] - Mr. William Connelly, aged 67, will be proposed for a third term as a Director, recognized for his financial experience in investment banking and asset management [4] - Mr. Henri Poupart-Lafarge, aged 55, will be proposed for a second term as a Director, with extensive experience in managing large international groups [5] - Mr. Sébastien Wetter, representing employee shareholders, is proposed for renewal alongside Mrs. Emmanuelle Pételle as a replacement [6][7] Board Composition and Skills - The proposed board will consist of 12 members, ensuring a diverse skill set necessary for defining and monitoring the strategy of Societe Generale [9] - The board's composition aims to enhance its ability to function effectively and meet its strategic objectives [9]

Core Points - Societe Generale has filed the 2025 Universal Registration Document with the French Financial Markets Authority, which includes the 2024 annual financial report and sustainability report in compliance with EU directives [1][2] - The annual financial report includes a correction regarding the Liquidity Coverage Ratio (LCR) as of December 2024, which stands at 162%, indicating a strong liquidity profile for the Group [3] - The Universal Registration Document is available to the public free of charge and can be accessed on the company's website and the AMF's website [4] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries, providing a wide range of advisory and financial solutions [5] - The Group operates three complementary business segments, which include corporate governance reports, statutory auditors' reports, and sustainability certification reports [6] - The company is committed to sustainability and is included in major socially responsible investment indices, reflecting its dedication to environmental transition and sustainable practices [9]

Core Points - Societe Generale has filed the 2025 Universal Registration Document with the French Financial Markets Authority, which includes the 2024 annual financial report and sustainability report in compliance with EU directives [1][2] - The document contains a correction regarding the Liquidity Coverage Ratio (LCR) as of December 2024, which is confirmed to be 162%, indicating a strong liquidity profile for the Group [3] - The Universal Registration Document is available to the public free of charge and can be accessed on the company's website and the AMF's website [4] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients in 65 countries, providing a wide range of financial solutions [5] - The Group operates three complementary business segments, integrating ESG offerings for clients, including corporate governance reports and sustainability certifications [6] - The company is committed to sustainability and is included in major socially responsible investment indices, highlighting its focus on environmental transition and sustainable practices [9]

Group 1 - As of February 28, 2025, the total number of shares composing the current share capital is 800,316,777 [2] - The total number of voting rights is reported as 884,808,215 [2] - This information is disclosed in compliance with the French Commercial Code and AMF General Regulations [1] Group 2 - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients in 65 countries [3] - The bank has a strong commitment to sustainability and is included in major socially responsible investment indices [4] - Societe Generale operates three complementary business segments, including retail banking, global banking, and international retail banking [6]

Appointment Overview - Societe Generale has appointed Lubomira Rochet as Executive Vice President overseeing Retail Banking activities in France, Private Banking, and Insurance, effective April 2025 [1][2] - Rochet will also serve as the Group's Chief Operating Officer, managing technology, procurement, and real estate [1][2] Leadership and Responsibilities - Rochet will assist Slawomir Krupa, the CEO, in managing the Retail Banking sector, including the SG retail network and BoursoBank [2][4] - Her role will focus on enhancing customer experience, business growth, and operational efficiency within the Group [3][4] Professional Background - Rochet has extensive experience in business transformation and digital operations, having held significant roles at Sogeti, Microsoft, Valtech, and L'Oréal [5] - She has been a Partner at JAB Holding Company LLC since 2021 and served as an independent Director on Societe Generale's Board from 2017 to 2024 [5] Company Profile - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients in 65 countries [6] - The Group operates three main business segments: French Retail, Private Banking, and Insurance, with a strong emphasis on ESG offerings [7][8]

Core Points - Societe Generale initiated a share buyback program amounting to EUR 872 million aimed at share cancellation, starting from February 10, 2025 [1][2] - The buyback program is authorized by supervisory authorities and complies with the conditions set forth in the General Meeting of May 22, 2024 [2] - As of February 14, 2025, Societe Generale completed 12% of its buyback program, which represents 0.4% of its total share capital [3] Buyback Details - The buyback transactions occurred from February 10 to February 14, 2025, with a total of 2,827,803 shares repurchased at a daily weighted average price of EUR 36.6008 [4][5] - The daily breakdown of shares purchased includes: - February 10: 601,244 shares at prices ranging from EUR 35.7415 to EUR 35.7792 [4] - February 11: 594,546 shares at prices ranging from EUR 36.1305 to EUR 36.1667 [5] - February 12: 525,676 shares at prices ranging from EUR 37.0716 to EUR 37.1056 [5] - February 13: 550,947 shares at prices ranging from EUR 37.1090 to EUR 37.2202 [5] - February 14: 545,390 shares at prices ranging from EUR 36.9096 to EUR 36.9131 [5] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries [6] - The bank offers a wide range of financial solutions and is committed to sustainable value creation for its stakeholders [6][7] - Societe Generale operates three main business segments: French Retail Banking, Global Banking and Investor Solutions, and International Retail Banking and Financial Services, with a focus on ESG offerings [7][8]

Core Points - The total number of shares composing the current share capital as of 31 January 2025 is 800,316,777 shares [2] - The total number of voting rights is reported as 885,499,593 [2] Company Overview - Societe Generale is a leading European bank with over 126,000 employees serving approximately 25 million clients across 65 countries [3] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - Societe Generale emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [4] - Societe Generale aims to be a leading partner in environmental transition and sustainability, being included in major socially responsible investment indices [4] - The bank's business segments include French Retail, Private Banking and Insurance, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services [6]

Group Financial Performance - Group net income for 2024 reached EUR 4.2 billion, representing a 69% increase compared to 2023 [1] - Annual revenues amounted to EUR 26.8 billion, up by 6.7% from 2023, exceeding the target of ≥5% growth [1] - Cost-to-income ratio improved to 69.0%, below the target of <71% for 2024, due to stable operating expenses [1][15] - Return on Tangible Equity (ROTE) was 6.9%, surpassing the target of >6% for 2024 [1] - Common Equity Tier 1 (CET1) ratio stood at 13.3%, approximately 310 basis points above the regulatory requirement [1][24] Shareholder Distribution - Proposed distribution to shareholders increased by 75% compared to 2023, totaling EUR 1,740 million or EUR 2.18 per share [2][20] - A cash dividend of EUR 1.09 per share is to be proposed, alongside a share buyback program of EUR 872 million [5][20] - The payout ratio is set to increase to 50% of net income [6][20] 2025 Financial Targets - Revenue growth is targeted at more than 3% compared to 2024 [3] - Operating costs are expected to decrease by more than 1% compared to 2024 [3] - Cost-to-income ratio is aimed to improve to less than 66% in 2025 [3] - ROTE is projected to exceed 8% in 2025 [3] - CET1 ratio is expected to remain above 13% throughout 2025 [3] Business Segment Performance French Retail, Private Banking and Insurance - Net banking income increased by 15.5% to EUR 2.3 billion in Q4 24 compared to Q4 23 [30] - Net interest income rose by 36.2% to EUR 1.1 billion in Q4 24 [30] - Group net income from this segment reached EUR 360 million, up 4.0 times from Q4 23 [30] Global Banking and Investor Solutions - Revenues grew by 12.4% to EUR 2.5 billion in Q4 24 compared to Q4 23 [11][43] - Total revenues for 2024 reached EUR 10.1 billion, a 5.0% increase from 2023 [43] - Group net income for this segment was EUR 627 million, up 34.4% from Q4 23 [55] Mobility, International Retail Banking and Financial Services - Net banking income rose by 2.0% to EUR 2.1 billion in Q4 24 compared to Q4 23 [62] - Group net income for this segment was EUR 314 million, a 10.5% increase from Q4 23 [70] Cost Management - Operating expenses for the group were stable at EUR 4,595 million in Q4 24, down 1.5% from Q4 23 [14] - The cost-to-income ratio improved significantly from 78.3% in Q4 23 to 69.4% in Q4 24 [15] - Cost of risk decreased to 23 basis points in Q4 24, reflecting effective risk management [16][41]