Société Générale ended 2012 with profits of 774 million euros, down 67,5% on an annual basis due to high extraordinary charges (2,6 billion). Excluding these items, the profit of the French Bank would be 3,4 billion, a level in line with the 3,5 billion of 2011. The title of the company collapses on the Paris Stock Exchange, leaving almost three and a half points on the field in the early afternoon.
Socgen announced that it has achieved all the objectives envisaged in the 2012 strategic plan, which saw the sale of the Greek division Geniki and the American Tcw. A dividend of €2012 per share will be proposed for 0,45, while no coupon had been paid the previous year.
The institute added that this year it intends to carry out the second stage of the strategic plan to 2015, focused on "a project to simplify and reorganize the organization" of its activities around three poles, including the retail bank in France.
A new financial director has also been appointed in place of Betrand Bare, who will leave the post to his successor from March 2007 to become head of the IMF's finances. We are talking about Philippe Heim, who has been with Socgen since 2012 and managing director of the group since March XNUMX.
