Key figures

  • At December 31, 2009, loans (on- and off-balance sheet, excluding fixed assets, equity investments and accruals) granted by Société Générale Group to clients represented an Exposure at Default (EAD) of € 664 billion (including € 486 billion in outstanding balance sheet loans),
  • At December 31, 2009, 85% of the Group’s on- and off-balance sheet outstanding loans were concentrated in the major industrialised countries. Almost half of the overall amount of loans was to French customers (26% to non-retail customers and 17% to individual customers),
  • The Group’s exposure to emerging markets excluding the EU is split between approximately one hundred countries in 4 regions (Central and Eastern Europe outside the EU / Africa and the Near and Middle East / South America / Asia). At December 31, 2009, this exposure (all customers) was down slightly, amounting to € 71.4 billion versus € 72.3 billion one year earlier,
  • The Group’s cost of risk (excluding legal disputes) amounted to € 5,507 million in 2009, compared with € 2,495 million at December 31, 2008. The economic crisis substantially increased the Group’s risk expense in 2009. When restated for Corporate and Investment Banking’s legacy assets, the Group’s cost of risk stood at a high 117 basis points (€ 4.4 billion),
  • Non-performing loans: at December 31, 2009, Société Générale's doubtful loans coverage ratio (loans written down net of collateral and excluding assets restated in line with the amendments made to IAS 39) amounted to € 17.2 billion, resulting in a provisionable commitment coverage rate of 68%. When restated for Corporate and Investment Banking’s legacy assets, the Group’s cost of risk amounted to 4.4% of customer loans¹) ,
  • Average VaR² (trading) amounted to € 42 million for 2009 against an annual average of € 44 million in 2008,
  • According to the latest figures (first quarter of 2009), Société Générale Group’s Risk function was staffed by more than 4,500 employees devoted to risk management and internal control (including 828 within the actual Group Risk Division at the end of December 2009).
NOTES
  1. Excluding assets restated under IAS 39
  2. VaR: Value at Risk. Estimate of the maximum loss that may be incurred on a given portfolio of assets over a specified period and for a particular probability level, based on an historical analysis of market trends (interest rates, exchange rates, equities, etc.).
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