Half Year 2019 Societe Generale SA Earnings Call Transcript
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Welcome to the presentation of our second quarter and first half results. As usual, we'll try to be as short as possible with William Kadouch, our CFO, to present the figures and then enter into our Q&A session with all our management team. Let me just start saying a few words before leaving the floor to William.
I will start Page 4 with the main highlights of the first half and second quarter. Clearly, the first thing I would like to highlight is that we are fully on track to deliver on our capital trajectory. You see that our core Tier 1 stands at 12%. It's up 52% -- 52 basis points, sorry, in the second quarter, reflecting of course the benefit of our earnings, in line with expectations, a strong discipline in risk-weighted asset consumption, better leveraging in CIB and of course, further progress in our refocusing program. We'll
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