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Dienstag, 05.04.2016 08:50 von GlobeNewswire | Aufrufe: 427

SOCIETE GENERALE: PRO FORMA 2015 QUARTERLY SERIES

Logo der Société Générale. © Roman Tiraspolsky / iStock Editorial / Getty Images Plus / Getty Images http://www.gettyimages.de/

Paris, April 05, 2016

PRO FORMA 2015 Quarterly series

Following the decision to allocate normative capital to businesses at a level of 11% of risk weighted assets, Societe Generale has provided pro-forma 2015 quarterly series for Group Businesses. Overall this adjustment has no impact at Group level. At the level of Group businesses, as well as a higher normative capital allocation, there is a limited positive impact on Net Banking Income, which is offset by a corresponding negative impact in the Corporate Centre.

In addition to the change in normative capital allocated to businesses, these pro-forma quarterly series also reflect the transfer of certain International Retail Banking activities from "Africa, Asia, Mediterranean basin and Overseas" to "Other", in particular the transfer of consumer credit activities in Brazil (from which Societe Generale has withdrawn in 2014). This change has no impact outside of International Retail Banking.

Pro forma quarterly series

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
Group
	Net banking income	6,353	6,869	6,364	6,053	25,639
	Operating expenses	-4,442	-4,124	-3,978	-4,349	-16,893
	Gross operating income	1,911	2,745	2,386	1,704	8,746
	Net cost of risk	-613	-724	-571	-1,157	-3,065
	Operating income	1,298	2,021	1,815	547	5,681
	Net income from companies accounted for by the equity method	68	42	56	65	231
	Net income from other assets	-34	-7	-1	239	197
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-370	-597	-629	-118	-1,714
	Net income	962	1,459	1,241	733	4,395
	O.w. non controlling interests	94	108	115	77	394
	Group net income	868	1,351	1,126	656	4,001
	Average allocated capital	43,674	44,766	45,437	45,680	44,889
	Group ROE (after tax)	6.9%	11.2%	9.0%	4.7%	7.9%

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
French retail Banking
	Net banking income	2,064	2,163	2,172	2,189	8,588
	Operating expenses	-1,391	-1,304	-1,326	-1,465	-5,486
	Gross operating income	673	859	846	724	3,102
	Net cost of risk	-230	-183	-201	-210	-824
	Operating income	443	676	645	514	2,278
	Net income from companies accounted for by the equity method	15	7	15	5	42
	Net income from other assets	-17	-2	0	-7	-26
	Income tax	-162	-256	-244	-191	-853
	Net income	279	425	416	321	1,441
	O.w. non controlling interests	0	0	0	0	0
	Group net income	279	425	416	321	1,441
	Average allocated capital	10,678	10,765	10,697	10,619	10,690

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
International retail Banking & Financial Services
	Net banking income	1,795	1,867	1,901	1,819	7,382
	Operating expenses	-1,157	-1,047	-1,018	-1,085	-4,307
	Gross operating income	638	820	883	734	3,075
	Net cost of risk	-333	-287	-302	-324	-1,246
	Operating income	305	533	581	410	1,829
	Net income from companies accounted for by the equity method	14	7	8	42	71
	Net income from other assets	-25	-1	-1	-10	-37
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-84	-148	-162	-108	-502
	Net income	210	391	426	334	1,361
	O.w. non controlling interests	62	70	76	42	250
	Group net income	148	321	350	292	1,111
	Average allocated capital	10,298	10,466	10,425	10,234	10,357

*o.w. International Retail Banking*
	Net banking income	1,172	1,255	1,280	1,231	4938
	Operating expenses	-798	-780	-729	-764	-3071
	Gross operating income	374	475	551	467	1867
	Net cost of risk	-260	-225	-274	-271	-1030
	Operating income	114	249	278	197	838
	Net income from companies accounted for by the equity method	4	4	3	6	17
	Net income from other assets	0	-1	-1	-9	-11
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-26	-57	-63	-43	-189
	Net income	92	195	217	151	655
	O.w. non controlling interests	58	68	73	42	241
	Group net income	34	127	144	109	414
	Average allocated capital	6,030	6,167	6,232	6,158	6,147

*o.w. Financial Services to corporates and Insurance*
	Net banking income	571	589	603	577	2340
	Operating expenses	-294	-265	-264	-278	-1101
	Gross operating income	277	324	339	299	1239
	Net cost of risk	-25	-22	-23	-49	-119
	Operating income	252	302	316	250	1120
	Net income from companies accounted for by the equity method	10	3	5	37	55
	Net income from other assets	0	0	0	-1	-1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-81	-95	-101	-77	-354
	Net income	181	210	220	209	820
	O.w. non controlling interests	1	2	1	-1	3
	Group net income	180	208	219	210	817
	Average allocated capital	3,832	3,909	4,011	3,933	3,922

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
	o.w. Insurance
	Net banking income	205	205	206	209	825
	Operating expenses	-102	-74	-75	-76	-327
	Gross operating income	103	131	131	133	498
	Net cost of risk	0	0	0	0	0
	Operating income	103	131	131	133	498
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	-1	-1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-33	-42	-42	-42	-159
	Net income	70	89	89	90	338
	O.w. non controlling interests	0	1	0	0	1
	Group net income	70	88	89	90	337
	Average allocated capital	1,640	1,645	1,663	1,671	1,655

	o.w. Financial Services to corporates
	Net banking income	366	384	397	368	1515
	Operating expenses	-192	-191	-189	-202	-774
	Gross operating income	174	193	208	166	741
	Net cost of risk	-25	-22	-23	-49	-119
	Operating income	149	171	185	117	622
	Net income from companies accounted for by the equity method	10	3	5	37	55
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-48	-53	-59	-35	-195
	Net income	111	121	131	119	482
	O.w. non controlling interests	1	1	1	-1	2
	Group net income	110	120	130	120	480
	Average allocated capital	2,192	2,264	2,349	2,263	2,267

*o.w. Other*
	Net banking income	52	23	18	11	104
	Operating expenses	-65	-2	-25	-43	-135
	Gross operating income	-13	21	-7	-32	-31
	Net cost of risk	-48	-40	-5	-4	-97
	Operating income	-61	-18	-13	-37	-129
	Net income from companies accounted for by the equity method	0	0	0	-1	-1
	Net income from other assets	-25	0	0	0	-25
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	23	4	2	12	41
	Net income	-63	-14	-11	-26	-114
	O.w. non controlling interests	3	0	2	1	6
	Group net income	-66	-14	-13	-27	-120
	Average allocated capital	436	391	181	143	289

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
Western Europe
	Net banking income	161	177	174	168	680
	Operating expenses	-91	-88	-86	-91	-356
	Gross operating income	70	89	88	77	324
	Net cost of risk	-39	-41	-39	-35	-154
	Operating income	31	48	49	42	170
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-7	-11	-12	-9	-39
	Net income	24	37	37	33	131
	O.w. non controlling interests	1	1	1	3	6
	Group net income	23	36	36	30	125
	Average allocated capital	1,069	1,067	1,077	1,065	1,070

Czech Republic
	Net banking income	252	257	256	266	1,031
	Operating expenses	-133	-147	-133	-126	-539
	Gross operating income	119	110	123	140	492
	Net cost of risk	-4	0	-7	-14	-25
	Operating income	115	110	116	126	467
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	-10	-10
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-26	-25	-28	-26	-105
	Net income	89	85	88	90	352
	O.w. non controlling interests	35	33	33	34	135
	Group net income	54	52	55	56	217
	Average allocated capital	726	755	834	844	790

Romania
	Net banking income	128	129	130	133	520
	Operating expenses	-101	-76	-78	-83	-338
	Gross operating income	27	53	52	50	182
	Net cost of risk	-26	-34	-30	-49	-139
	Operating income	1	19	22	1	43
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	-1	0	-1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	-4	-5	-1	-10
	Net income	1	15	16	0	32
	O.w. non controlling interests	0	7	6	0	13
	Group net income	1	8	10	0	19
	Average allocated capital	420	427	442	432	431

	(in millions of euros)
		Q1 15	Q2 15	Q3 15	Q4 15	2015
Russia
	Net banking income	117	163	172	162	614
	Operating expenses	-145	-165	-132	-127	-569
	Gross operating income	-28	-2	40	35	45
	Net cost of risk	-111	-75	-75	-63	-324
	Operating income	-139	-77	-35	-28	-279
	Net income from companies accounted for by the equity method	-1	1	0	0	0
	Net income from other assets	1	-1	-1	2	1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	32	18	8	6	64
	Net income	-107	-59	-28	-20	-214
	O.w. non controlling interests	-1	0	0	0	-1
	Group net income	-106	-59	-28	-20	-213
	Average allocated capital	1,277	1,369	1,265	1,169	1,270

Other Europe
	Net banking income	172	181	188	187	728
	Operating expenses	-128	-112	-111	-131	-482
	Gross operating income	44	69	77	56	246
	Net cost of risk	-21	-24	-62	-37	-144
	Operating income	23	45	15	19	102
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	1	-1	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-5	-11	-3	-4	-23
	Net income	18	34	13	14	79
	O.w. non controlling interests	1	1	2	0	4
	Group net income	17	33	11	14	75
	Average allocated capital	1,147	1,156	1,185	1,199	1,171

AAMO
	Net banking income	342	348	360	315	1,365
	Operating expenses	-200	-192	-189	-206	-787
	Gross operating income	142	156	171	109	578
	Net cost of risk	-59	-51	-61	-73	-244
	Operating income	83	104	111	37	335
	Net income from companies accounted for by the equity method	5	3	3	6	17
	Net income from other assets	-1	0	0	0	-1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-20	-24	-23	-9	-76
	Net income	67	83	91	34	275
	O.w. non controlling interests	22	26	31	5	84
	Group net income	45	57	60	29	191
	Average allocated capital	1,391	1,393	1,429	1,450	1,416

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
Global Banking and Investor Solutions
	Net banking income	2,604	2,691	2,015	2,192	9,502
	Operating expenses	-1,874	-1,760	-1,562	-1,744	-6,940
	Gross operating income	730	931	453	448	2,562
	Net cost of risk	-50	-56	-68	-230	-404
	Operating income	680	875	385	218	2,158
	Net income from companies accounted for by the equity method	37	19	31	8	95
	Net income from other assets	-1	8	-1	91	97
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-180	-195	-81	-26	-482
	Net income	536	707	334	291	1,868
	O.w. non controlling interests	4	5	4	5	18
	Group net income	532	702	330	286	1,850
	Average allocated capital	14,904	17,039	16,477	15,924	16,085

o.w. Global Markets & Investor Services (from 2014)
	Net banking income	1,778	1,741	1,193	1,291	6,003
	o.w. Equities	855	802	413	451	2,521
	o.w. Fixed income. Currencies and Commodities (1)	589	612	483	516	2,200
	o.w. Primes Services	145	143	145	161	594
	o.w. Securities Services	189	184	152	163	688
	Operating expenses	-1,295	-1,189	-995	-1,087	-4,566
	Gross operating income	483	552	198	204	1,437
	Net cost of risk	-5	-26	-7	-28	-66
	Operating income	478	526	191	176	1,371
	Net income from companies accounted for by the equity method	1	2	2	1	6
	Net income from other assets	-1	0	1	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-135	-135	-39	-52	-361
	Net income	343	393	155	125	1,016
	O.w. non controlling interests	3	3	5	3	14
	Group net income	340	390	150	122	1,002
	Average allocated capital	8,781	10,016	9,132	9,040	9,243
(1) FICC figures restated to include legacy assets

o.w. Financial and Advisory
	Net banking income	527	691	567	630	2,415
	Operating expenses	-367	-375	-361	-430	-1,533
	Gross operating income	160	316	206	200	882
	Net cost of risk	-30	-28	-60	-194	-312
	Operating income	130	288	146	6	570
	Net income from companies accounted for by the equity method	9	-14	0	-1	-6
	Net income from other assets	0	9	-2	91	98
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-24	-41	-28	35	-58
	Net income	115	242	116	131	604
	O.w. non controlling interests	0	2	-2	3	3
	Group net income	115	240	118	128	601
	Average allocated capital	5,039	5,868	6,100	5,734	5,685

		Q1 15	Q2 15	Q3 15	Q4 15	2015
o.w. Asset and Wealth Management
	Net banking income	299	259	255	271	1,084
	o.w. Lyxor	52	52	44	34	182
	o.w. Private Banking	241	201	204	232	878
	o.w. Other	6	6	7	5	24
	Operating expenses	-212	-196	-206	-227	-841
	Gross operating income	87	63	49	44	243
	Net cost of risk	-15	-2	-1	-8	-26
	Operating income	72	61	48	36	217
	Net income from companies accounted for by the equity method	27	31	29	8	95
	Net income from other assets	0	-1	0	0	-1
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-21	-19	-14	-9	-63
	Net income	78	72	63	35	248
	O.w. non controlling interests	1	0	1	-1	1
	Group net income	77	72	62	36	247
	Average allocated capital	1,084	1,155	1,244	1,149	1,158

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015

Corporate Centre
	Net banking income	-110	148	276	-147	167
	o.w. financial liabilities	62	250	62	73	447
	Operating expenses	-20	-13	-72	-55	-160
	Gross operating income	-130	135	204	-202	7
	Net cost of risk	0	-198	0	-393	-591
	Operating income	-130	-63	204	-595	-584
	Net income from companies accounted for by the equity method	2	9	2	9	2
	Net income from other assets	9	-12	1	165	163
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	56	2	-142	207	123
	Net income	-63	-64	65	-213	-275
	O.w. non controlling interests	28	33	35	30	126
	Group net income	-91	-97	30	-243	-401

Impact of increase to 11% allocated normative capital to businesses

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
French Retail Banking
	Net banking income	9	10	10	9	38
	Operating expenses	0	0	0	0	0
	Gross operating income	9	10	10	9	38
	Net cost of risk	0	0	0	0	0
	Operating income	9	10	10	9	38
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Income tax	-3	-4	-4	-3	-14
	Net income	6	6	6	6	24
	O.w. non controlling interests	0	0	0	0	0
	Group net income	6	6	6	6	24
	Average allocated capital	935	944	943	939	940

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
International Retail Banking & Financial Services
	Net banking income	13	13	13	14	53
	Operating expenses	0	0	0	0	0
	Gross operating income	13	13	13	14	53
	Net cost of risk	0	0	0	0	0
	Operating income	13	13	13	14	53
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-3	-2	-4	-4	-13
	Net income	10	11	9	10	40
	O.w. non controlling interests	1	2	1	2	6
	Group net income	9	9	8	8	34
	Average allocated capital	785	799	784	769	785

*o.w. International Retail Banking*
	Net banking income	-38	-6	-5	2	-47
	Operating expenses	40	19	18	20	97
	Gross operating income	2	13	13	22	50
	Net cost of risk	17	14	7	3	41
	Operating income	19	26	21	26	92
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-4	-6	-5	-6	-21
	Net income	15	20	16	20	71
	O.w. non controlling interests	1	2	1	2	6
	Group net income	14	18	15	18	65
	Average allocated capital	272	289	497	511	392

*o.w. Financial Services to corporates and Insurance*
	Net banking income	2	2	3	2	9
	Operating expenses	0	0	0	0	0
	Gross operating income	2	2	3	2	9
	Net cost of risk	0	0	0	0	0
	Operating income	2	2	3	2	9
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-1	0	-1	-1	-3
	Net income	1	2	2	1	6
	O.w. non controlling interests	0	0	0	0	0
	Group net income	1	2	2	1	6
	Average allocated capital	196	202	209	200	202

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
	o.w. Insurance
	Net banking income	0	0	0	0	0
	Operating expenses	0	0	0	0	0
	Gross operating income	0	0	0	0	0
	Net cost of risk	0	0	0	0	0
	Operating income	0	0	0	0	0
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	0	0	0	0
	Net income	0	0	0	0	0
	O.w. non controlling interests	0	0	0	0	0
	Group net income	0	0	0	0	0
	Average allocated capital	1	0	0	0	0

	o.w. Financial Services to corporates
	Net banking income	2	2	3	2	9
	Operating expenses	0	0	0	0	0
	Gross operating income	2	2	3	2	9
	Net cost of risk	0	0	0	0	0
	Operating income	2	2	3	2	9
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-1	0	-1	-1	-3
	Net income	1	2	2	1	6
	O.w. non controlling interests	0	0	0	0	0
	Group net income	1	2	2	1	6
	Average allocated capital	195	202	210	201	202

*o.w. Other*
	Net banking income	49	17	15	10	91
	Operating expenses	-40	-19	-18	-20	-97
	Gross operating income	9	-2	-3	-10	-6
	Net cost of risk	-17	-14	-7	-3	-41
	Operating income	-8	-15	-11	-14	-48
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	2	4	2	3	11
	Net income	-6	-11	-9	-11	-37
	O.w. non controlling interests	0	0	0	0	0
	Group net income	-6	-11	-9	-11	-37
	Average allocated capital	317	309	77	58	191

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
Western Europe
	Net banking income	1	1	1	1	4
	Operating expenses	0	0	0	0	0
	Gross operating income	1	1	1	1	4
	Net cost of risk	0	0	0	0	0
	Operating income	1	1	1	1	4
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	0	-1	0	-1
	Net income	1	1	0	1	3
	O.w. non controlling interests	0	0	0	0	0
	Group net income	1	1	0	1	3
	Average allocated capital	93	93	93	93	93

Czech Republic
	Net banking income	1	1	1	2	5
	Operating expenses	0	0	0	0	0
	Gross operating income	1	1	1	2	5
	Net cost of risk	0	0	0	0	0
	Operating income	1	1	1	2	5
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	0	-1	0	-1
	Net income	1	1	0	2	4
	O.w. non controlling interests	0	1	0	0	1
	Group net income	1	0	0	2	3
	Average allocated capital	71	71	74	74	73

Romania
	Net banking income	1	1	1	1	4
	Operating expenses	0	0	0	0	0
	Gross operating income	1	1	1	1	4
	Net cost of risk	0	0	0	0	0
	Operating income	1	1	1	1	4
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	0	0	-1	-1
	Net income	1	1	1	0	3
	O.w. non controlling interests	0	1	0	1	2
	Group net income	1	0	1	-1	1
	Average allocated capital	40	41	41	41	41

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
Russia
	Net banking income	3	2	3	3	11
	Operating expenses	0	0	0	0	0
	Gross operating income	3	2	3	3	11
	Net cost of risk	0	0	0	0	0
	Operating income	3	2	3	3	11
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-1	0	-1	-1	-3
	Net income	2	2	2	2	8
	O.w. non controlling interests	0	0	0	0	0
	Group net income	2	2	2	2	8
	Average allocated capital	114	122	113	105	113

Other Europe
	Net banking income	1	3	1	2	7
	Operating expenses	0	0	0	0	0
	Gross operating income	1	3	1	2	7
	Net cost of risk	0	0	0	0	0
	Operating income	1	3	1	2	7
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	-1	0	0	-1
	Net income	1	2	1	2	6
	O.w. non controlling interests	0	0	0	0	0
	Group net income	1	2	1	2	6
	Average allocated capital	107	110	109	112	109

AAMO
	Net banking income	-45	-14	-12	-7	-78
	Operating expenses	40	19	18	20	97
	Gross operating income	-5	5	6	13	19
	Net cost of risk	17	14	7	3	41
	Operating income	12	18	14	17	61
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-3	-5	-2	-4	-14
	Net income	9	13	12	13	47
	O.w. non controlling interests	1	0	1	1	3
	Group net income	8	13	11	12	44
	Average allocated capital	-153	-148	67	87	-37

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015
Global Banking and Investor Solutions
	Net banking income	14	16	15	15	60
	o.w. financial liabilities	0	0	0	0	0
	Operating expenses	14	16	15	15	60
	Gross operating income	0	0	0	0	0
	Net cost of risk	14	16	15	15	60
	Operating income	0	0	0	0	0
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	-4	-5	-5	-4	-18
	Income tax	10	11	10	11	42
	Net income	0	0	0	0	0
	O.w. non controlling interests	10	11	10	11	42
	Group net income	1,360	1,513	1,440	1,390	1,425
o.w. Global Markets & Investor Services (from 2014)

	Net banking income	8	9	8	8	33
	o.w. Equities	2	3	2	4	10
	o.w. Fixed income. Currencies and Commodities (1)	5	5	4	5	19
	o.w. Primes Services	1	1	2	0	4
	o.w. Securities Services	1	0	0	-1	0
	Operating expenses	0	0	0	0	0
	Gross operating income	8	9	8	8	33
	Net cost of risk	0	0	0	0	0
	Operating income	8	9	8	8	33
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-2	-3	-3	-2	-10
	Net income	6	6	5	6	23
	O.w. non controlling interests	0	0	0	0	0
	Group net income	6	6	5	6	23
Average allocated capital (1) FICC figures restated to include legacy assets		785	853	767	738	786

o.w. Financial and Advisory
	Net banking income	5	6	6	6	23
	Operating expenses	0	0	0	0	0
	Gross operating income	5	6	6	6	23
	Net cost of risk	0	0	0	0	0
	Operating income	5	6	6	6	23
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	-2	-1	-2	-2	-7
	Net income	3	5	4	4	16
	O.w. non controlling interests	0	0	0	0	0
	Group net income	3	5	4	4	16
	Fonds propres normatifs moyens	475	554	566	547	535

	(in millions of euros)	Q1 15	Q2 15	Q3 15	Q4 15	2015
o.w. Asset and Wealth Management
	Net banking income	1	1	1	1	4
	o.w. Lyxor	0	0	0	0	0
	o.w. Private Banking	1	1	0	1	3
	o.w. Other	0	0	1	0	1
	Operating expenses	0	0	0	0	0
	Gross operating income	1	1	1	1	4
	Net cost of risk	0	0	0	0	0
	Operating income	1	1	1	1	4
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	0	-1	0	0	-1
	Net income	1	0	1	1	3
	O.w. non controlling interests	0	0	0	0	0
	Group net income	1	0	1	1	3
	Average allocated capital	100	106	106	104	104

(in millions of euros)		Q1 15	Q2 15	Q3 15	Q4 15	2015

Corporate Centre
	Net banking income	-36	-39	-38	-38	-151
	o.w. financial liabilities	0	-62	-385	112	-335
	Operating expenses	0	0	0	0	0
	Gross operating income	-36	-39	-38	-38	-151
	Net cost of risk	0	0	0	0	0
	Operating income	-36	-39	-38	-38	-151
	Net income from companies accounted for by the equity method	0	0	0	0	0
	Net income from other assets	0	0	0	0	0
	Impairment losses on goodwill	0	0	0	0	0
	Income tax	10	11	13	11	45
	Net income	-26	-28	-25	-27	-106
	O.w. non controlling interests	-1	-2	-1	-2	-6
	Group net income	-25	-26	-24	-25	-100

Impact of transfer of activities from AAMO to Other in IBFS

(in millions of euros)		Q1 15	Q2 15		Q3 15	Q4 15	2015

	Net banking income	48	17	14		9	89
	Operating expenses	-40	-19	-18		-20	-97
	Gross operating income	8	-2	-4		-11	-8
	Net cost of risk	-17	-13	-7		-3	-41
	Operating income	-9	-15	-11		-14	-50
	Net income from other assets	0	0	0		0	0
	Net income from companies accounted for by the equity method	0	0	0		0	0
	Impairment losses on goodwill	0	0	0		0	0
	Income tax	2	3	3		3	11
	Net income	-7	-12	-9		-11	-38
	O.w. non controlling interests	0	0	0		0	0
	Group net income	-7	-12	-9		-11	-38

	Average allocated capital	279	274	61		45	165

Societe Generale

Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.

Societe Generale has been playing a vital role in the economy for 150 years. With more than 148,000 employees, based in 76 countries, we accompany 32 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:

Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;

International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;

Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.

Societe Generale is included in the main socially responsible investment indices: FTSE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices.

For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com.

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Société Générale

24,78 €

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Societe Generale_ Pro Forma 2015 Quarterly Series

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Société Générale via Globenewswire

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