SocGen’s CET1 ratio shoots higher as revamp continues
French bank sheds €7.1 billion of RWAs in Q3
Restructuring efforts cut risk at Societe Generale in the third quarter, boosting its Common Equity Tier 1 (CET1) capital ratio by 50 basis points on Q2 to 12.46%, well above its 2020 target.
Risk-weighted assets fell €7.1 billion ($7.8 billion) quarter-on-quarter to €354 billion. The decline in RWAs contributed 25bp to the bank’s CET1 ratio over the quarter – 10bp was due to cuts to the firm’s
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