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Article: Societe Generale: the French and international bank. (Cover Story)
- Article from:
- Economic Review
- Article date:
- November 1, 1992
- Author:
CopyrightCOPYRIGHT 1992 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Among France's three major commercial banking groups, Societe Generale boasts the highest banking income per employee, as well as the highest returns, whether these be measured relative to shareholder's equity or balance-sheet total. Net assets per share, revalued as of June 30, 1991, come to FF696, while the share was trading at just FF533 on February 5, 1992. Dividends have been consistently high, averaging 26 per cent of net earnings.
Founded in 1864 and nationalized in 1945, Societe Generale returned to the private sector in July 1987. Today, it is France's largest private-sector bank, with nearly 520,000 shareholders. Market capitalization amounts to ...