Picture of the author

Helen

2023/09/18 05:18

SocGen eyes return on tangible equity (ROTE) between 9% and 10% in 2026

PARIS, Sept 18 (Reuters) - French lender Societe Generale on Monday said it would target a 9 to 10% return on tangible equity ratio (ROTE) in 2026 as it is stepping up profitability and reducing costs.

In a statement published ahead of its capital markets day, the bank also said that it would reduce its exposure to upstream oil & gas businesses by 80% by 2030 when compared to 2019. (Reporting by Tassilo Hummel Editing by Ingrid Melander)

Our Standards: The Thomson Reuters Trust Principles.

12Поделиться

Все комментарии0НовыеВ тренде

НовыеВ тренде
noContent

Нет записей