Société Générale unveils its strategic plan through 2029, focused on cost management and growth
During the presentation of its strategic plan, the bank detailed its guidance for the period through 2029, centered on cost control, selective growth and risk management.
The board of directors, meeting under the chairmanship of William Connelly on September 18, 2026, approved this plan and the associated financial targets.
Société Générale presented its strategic roadmap for 2029, which it describes as a new phase following the transformation initiated in 2023. The group highlights a simplified model, an improved risk profile and increased discipline in capital allocation.
The plan is built on four priorities: continued reduction of the cost base, acceleration of a disciplined growth approach, deepening the transformation of business lines and maintaining rigorous risk management.
The group indicates it intends to leverage simplification, operational efficiency and technological transformation levers, as well as the gradual deployment of artificial intelligence.
Business transformation and ESG trajectory
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The group intends to accelerate the development of retail banking, private banking and insurance in France, relying on a more integrated approach combining BoursoBank, the SG network and Société Générale Private Banking. It also aims to strengthen its Global Banking and Investor Solutions activities and ensure disciplined development of mobility, international retail banking and financial services activities.
On the ESG front, Société Générale continues its decarbonization strategy and announces a new ambition to deploy €1.5 billion in debt and equity to support emerging players in the climate transition. The group has also signed a strategic agreement with Anthropic, presented as a step forward in the adoption of artificial intelligence within the company.
« Revenus du Groupe de 21,4 Md EUR sur 9M-26, en hausse de +4,1% vs. 9M-25, en bonne voie pour dépasser la cible 2026 >+2% » ; « ROTE de 12,3% sur 9M-26, en bonne voie pour dépasser la cible 2026 à ~11% » ; « Coût du risque de 27 pb sur 9M-26, dans la fourchette cible de 25 à 30 pb pour 2026 »
Risks mentioned
Perspectives négatives de Moody's sur la notation long terme (dette senior préférée) « A1 »
Baisse du résultat des ventes de voitures d'occasion (-12,2% revenus Ayvens vs T3-25)
Baisse des revenus Taux Crédit et Change (-20,6% vs T3-25) sous l'effet d'une baisse d'activité sur les taux
Opportunities identified
BoursoBank atteint 9,4 millions clients avec une contribution annuelle attendue supérieure à 300 M€
Forte dynamique des Actions +45,9% au T3-26 atteignant un record de plus de 1,2 Md€
Global Banking & Advisory maintient une solide dynamique de croissance portée par les financements structurés
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
