SocGen’s cash pile grew to €163bn in Q1

French lender Societe Generale added €9 billion ($10.9 billion) to its deposit balance with the European Central Bank (ECB) over the first three months of 2021, while cutting down on the other easy-to-sell securities that make up its liquidity buffer.

Cash in excess of reserve requirements held at the central bank for SocGen came to €163 billion at end-March. This deposit made up 68% of its total liquidity buffer. Back in Q4 2019, cash made up less than 50%.

In contrast, high-quality liquid

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