Key figures

  • At December 31, 2008, loans (on- and off-balance sheet, excluding fixed assets, equity investments and accruals) granted by Société Générale Group to all of its clients represented Exposure at Default (EAD) of € 742 billion (including € 541 billion in outstanding balance sheet loans).
  • At December 31, 2008, 86% of Société Générale Group’s on- and off-balance sheet outstanding loans were concentrated in the major industrialized countries. Nearly half of the overall amount of loans was to French customers (29% to non-retail customers and 15% to individual customers). Outstandings in emerging markets, net of guarantees, account for 9% of the credit portfolio (business and individual customers).
  • Cost of risk in 2008: € 2,655 million (i.e. 66 basis points)
  • (compared to € 905 million in 2007 which, on the basis of Basel I, equates to 25 basis points)
  • Non-performing loans: 3.9% of customer loans, with a coverage ratio of 58%
  • Average trading VaR1 for 2008: € 44 million (€ 43 million in 2007)
  • 3,300 employees working in risk management and control
NOTES
  1. VaR: Value at Risk. Estimation of the maximum loss that a portfolio can suffer within a given timeframe and with a given level of probability, based on an analysis of historical changes in market (interest rate, foreign exchange, equity, etc.) parameters.