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The bank’s new strategy includes a more modest target for average annual revenue growth, set between 0% and 2% over the 2022-26 period. This is a notable decrease from its previous targets for the 2021-25 period, during which the bank aimed for at least 3% growth annually.
Societe Generale also revealed plans to diversify its revenue streams, primarily through increased advisory services and growth in self-financed risk-weighted assets, as part of a disciplined capital strategy. The bank has set ambitious financial targets for 2026, aiming for a return on tangible equity between 9% and 10%, a cost-to-income ratio below 60%, and a common equity tier 1 ratio—a measure of financial strength—at 13%.
In line with global trends toward sustainability, Societe Generale is seeking an aggressive reduction in its upstream oil-and-gas exposure. By 2030, the bank aims to achieve an 80% reduction relative to its 2019 levels. This marks a significant increase from its earlier goal of a 20% reduction by 2025. The bank now aims to halve its exposure by this date.
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