Strategic plan

Generating responsible growth

The medium-term priorities set out in the Transform to Grow strategic plan presented in 2017 are part of our long-term vision. Building on the continuous improvement of the Group's financial solidity, they aim to generate profitable and responsible growth: developing our business activities with rigourous risk management, transforming the business models underpinning some of our activities, controlling costs, completing the Group's refocusing process and fostering a culture of responsibility.

Transform to grow

The 5 priorities of the Transform to Grow plan


Bring the whole Group in line with the highest control and compliance standards in the banking sector and integrate our Corporate Social Responsibility commitments into our business development goals.


Maintain responsible and profitable growth by building on client satisfaction, quality of service, added value and innovation. This growth, which will be achieved taking a strict discipline in terms of risk management, will be generated by a series of ambitious business development initiatives, while adapting our systems to the changing needs of our customers.


Accelerate the transformation of the relationship model, particularly in French Retail Banking, to improve the customer experience, increase operational efficiency and enhance security. Adapt the strategy for Global Market Activities in order to integrate regulatory and economic structural developments.


Pursue rigorous, disciplined cost management, primarily by automating processes and implementing a new €1.6 billion efficiency programme by 2020, while continuing to make the necessary investments to grow our businesses.


Optimise the allocation of our capital allocation by selling off or closing business lines that have not reached critical mass and/or do not generate synergies. The programme is already well under way, with announced disposals representing 58 basis points on the CET1 ratio.

The Transform to Grow strategic plan has enabled the Group to achieve results in line with its 2019 objectives and in particular to improve its financial solidity. Strengthened by these achievements, Societe Generale group is now fully capable of making an effective contribution to the recovery and support of the economy. Given the uncertainties related to the scale and duration of the Covid-19 pandemic, the Group has suspended the 2020 financial objectives published with the 2019 annual results.



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Value creation model

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Innovation and digital technology

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