---
title: "Societe Generale 2Q Net Profit Up 23% YoY to Record EUR1.79B, Beating Forecasts; Raises Full-year RoTE Guidance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294303466.md"
description: "Societe Generale reported a record Q2 net profit of EUR1.79 billion, up 23% YoY, beating forecasts. Driven by retail banking recovery and cost controls, revenue rose 4.5%. The bank raised its full-year RoTE guidance to 11%, announced a EUR1.5 billion special buyback, and increased the interim dividend by 23% to EUR0.75 per share."
datetime: "2026-07-30T05:07:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294303466.md)
  - [en](https://longbridge.com/en/news/294303466.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294303466.md)
---

# Societe Generale 2Q Net Profit Up 23% YoY to Record EUR1.79B, Beating Forecasts; Raises Full-year RoTE Guidance

Societe Generale, France's second-largest bank, announced that supported by a recovery in retail banking and stringent cost controls, offsetting the impact of declining trading business revenue for a third consecutive quarter, the group's 2Q net profit rose 23% YoY to a record high of EUR1.79 billion (approximately USD2.04 billion), exceeding market expectations of EUR1.57 billion. Revenue during the period increased 4.5% YoY to EUR7.1 billion, beating forecasts, while costs were also lower than expected.

As a key profitability indicator, the bank raised its full-year return on tangible equity (RoTE) guidance to 11%, from its previous forecast of above 10%.

The bank also announced the launch of a EUR1.5 billion special buyback starting August 3, while its interim dividend rose 23% YoY to EUR0.75 per share.(da/u)

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