Societe Generale SA (XTER:SGE)
€ 26.54 -0.255 (-0.95%) Market Cap: 21.15 Bil Enterprise Value: 10.78 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 65/100

Q3 2023 Societe Generale SA Earnings Call Transcript

Nov 03, 2023 / 10:00AM GMT
Release Date Price: €21.77 (+0.72%)
Operator

Ladies and gentlemen, welcome to the Societe Generale Third Quarter 2023 Results Conference Call. I now hand over to Mr. Slawomir Krupa, Chief Executive Officer. Sir, please go ahead.

Slawomir Krupa;tÃ;GÃ;nÃ;rale SociÃ;tÃ;anonyme;CEO;Director
SociÃ

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Thank you. Good morning, everyone. Thank you very much for joining our quarterly earnings call. This quarter was marked by a good commercial performance in most of our businesses, a limited increase in operating expenses and a low cost of risk. Global Banking and Investor Solutions, in particular, posted stable revenues compared to a high reference point reached last year.

And International Retail Banking maintained as well a solid performance. On the other hand, the group's net result was penalized by the negative effects of short-term hedges on net interest income in the French retail, the impact of which peaked in Q3 '23. It also includes, as announced during our

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