Bank said that it would reduce its exposure to upstream oil & gas businesses by 80% by 2030
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PARIS: French lender Societe Generale on Monday said it would target a 9 to 10% return on tangible equity ratio (ROTE) in 2026 as it is stepping up profitability and reducing costs.
In a statement published ahead of its capital markets day, the bank also said that it would reduce its exposure to upstream oil & gas businesses by 80% by 2030 when compared to 2019. (Reporting by Tassilo Hummel Editing by Ingrid Melander)
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