- Societe Generale lifted its return on tangible equity target to 13%-14% in 2029 and to more than 15% after that.
- CEO Slawomir Krupa aims to cut costs and boost investor payouts under the new strategy.
- The French lender announced the new plan in a statement on Monday.
Quotes
“Societe Generale lifted its profitability target as CEO Slawomir Krupa aims to cut costs and boost investor payouts with a new strategy.”
“The French lender increased the goal for its return on tangible equity to between 13% and 14% in 2029 and to more than 15% after that, according to a statement Monday.”