SocGen raises 2029 profit target
Societe Generale has unveiled a new strategic plan targeting higher profitability and lower costs by 2029. CEO Slawomir Krupa aims to boost return on tangible equity and reduce spending through AI and natural attrition.
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SOCIETE GENERALE SA raised its 2029 return on tangible equity target to between 13% and 14% on Monday morning, launching a fresh turnaround phase. The target is up from around 11% this year, which trails major European peers. CEO Slawomir Krupa is targeting cost cuts and a higher payout to convince investors.
