Strong Financial Performance in Q1 2025

Societe Generale SA has reported a significant increase in its net banking income, achieving €7.1 billion in the first quarter of 2025. This marks a 6.6% growth compared to the previous year, showcasing the bank's robust financial health.

Remarkable Growth in Net Income and Operating Income

The group's net income saw an impressive surge, more than doubling from the previous year to reach €1.6 billion. Meanwhile, operating income experienced a 68.8% increase, totaling €2.1 billion. The return on tangible equity (ROTE) stood at a solid 11%, reflecting the bank's efficient use of its assets.

CEO's Optimistic Outlook

Slawomir Krupa, the CEO of Societe Generale, expressed satisfaction with the results: "We are releasing today a very good set of results. Our revenues have grown across all our businesses, and our costs have decreased, putting us in a favorable position to achieve our annual targets."