Business division New product or service Accident insurance linked
to individuals’ term deposits (April 2012; SGSB - Croatia)
New savings product launched by SGSB with Societe Generale Insurance, aiming to increase Bank revenues from commissions on insurance premiums as well as to increase the volume of retail term deposits by offering a new type of savings option.
Deposit account “Etalon + ” (April 2012; Rosbank – Russia)
New “Etalon+” deposit account, with a fixed interest rate of 5.5% p.a. in RUB and 3% p.a.
in EUR and USD. The minimum deposit amount is RUB 1,000 or USD/EUR 100 making this offer the most affordable investment tool among all classes of bank customers.
“Leasing protection”
(June 2012; SGEB – Bulgaria)
New service focused on customer care which combines a leasing contract for individuals including Loss of Employment, Temporary Disability, Permanent Disability protection and Life Insurance. It will be offered in SGEB branches as well as by all car dealers and official partners of Sogelease Bulgaria (representative of Societe Generale Insurance in Bulgaria).
“Direct Douane”
(December 2012:
UIB – Tunisia)
New credit facility allowing customs duties to be settled directly during the import transaction. It also reduces the waiting time for withdrawing merchandise and provides greater security in the supply chain. This new offer is aimed at businesses, SMEs and professionals.
QR code support (November 2012;
KB – Czech Republic)
New product for easy payments through mobile phones. Clients simply have to scan the invoice code using their camera phone, the application converts it into a pre-completed payment order that then just has to be confirmed by clients. An attractive new feature is a functionality called ‘Pension Reform’, which translates the pension reform into a simple and understandable form for clients. The new method for paying post money orders from mobile phones is also a major new capability. KB is the first bank on the Czech market to introduce QR code support for easy payments through mobile phones.
“Optimal Deposit”
(September 2012;
SGAL – Albania)
New savings deposit offered to all individual customers over 18 years old in the form of a minimum one-year investment with interest credited to the customer’s current account at the end of every month. Customers may break the deposit at any time without losing the interest earned previously. An auto-renewal option can be chosen on maturity date without having to visit a branch.
Corporate and investment banking
Euro Premium Launch of Euro Premium, an open-ended UCITS 4 Fund. The Euro Premium Fund investment objective is to provide an exposure to both the Euro STOXX 50® Net TR Index performance and to a systematic strategy reducing the downside risk by buying over the counter put options linked to the Index EURO STOXX 50® Price Return while selling over the counter call options linked to the same index.
SGI Vol Invest Index Launch of the SGI Vol Invest Index. The main objective of the SGI Vol Invest Index is to provide investors with an efficient instrument for equity hedging strategies, by taking a net long exposure to the implied volatility of the S&P 500 Index through VIX futures, while mitigating the typical cost of carrying this position.
New Issuer in Mexico The Mexican Regulators approved Societe Generale’s new Issuer for Mexico. The new local entity, SGFP Mexico, is now fully operational and able to issue Structured and Vanilla Notes to service the Mexican institutional investor market.
SG Global Quality Income Index
Launch of the SG Global Quality Income Index (SGQI). The aim of the index is to create a portfolio of companies selected solely on the basis of their ability to provide a high quality income stream, affording yield seeking investors a degree of inflation protection absent in fixed income markets.
Alpha Y Launch of Alpha Y, a fully independent venue operated by SG CIB, which provides clients with the ability to interact with the significant flows derived from across the broader Societe Generale liquidity network. It concentrates liquidity from Societe Generale’s existing equities businesses.
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G R O U P M A N A G E M E N T R E P O RT I SIGNIFICANT NEW PRODUCTS OR SERVICESBusiness division New product or service
SG Issuer Launch of SG Issuer, which aims to issue (i) unsecured notes, SG Issuer being intended to become the flagship issuer of Societe Generale and (ii) secured notes benefiting from both the guarantee of Societe Generale and a security provided by collateral assets in the form of investment, with several safeguards, through an innovative set up implemented with independent service providers.
Specialised Financial Services and Insurance
Car Insurance (Insurance – Russia)
Launch of a car insurance offering in Russia at end-March for customers of the SG consumer finance subsidiary taking out a car loan (for new or used cars). The product covers vehicle damage and theft.
Additional Health offering (Insurance – France)
National launch at the beginning of April of the Health offering (additional insurance) in the Professional market. The offering proposes: a choice of 4 formulas and 2 enhancements, and substantial assistance in the event of hospitalisation, immediate cover (no waiting period or excess, no medical records required when joining), and an exclusive telemedecine service “Médecindirect”
Long term care insurance (Insurance – France)
Launch in December of a new long-term care offer for Societe Generale wealth management customers: coverage tripled in the event of severe dependency (minimum of EUR 750/month) with a complete range of innovative services available upon subscription to dependent customers and care-givers (example: house furnishing, access to temporary housing, etc.)
ALD Invoice (ALD Automotive – Belgium)
Launch of an electronic invoicing service. This free service enables customers to receive their monthly invoices directly via their e-mail. A platform is also available to allow customers to consult and download invoices over an 18-month period. This offering is also part of a socially and environmentally responsible approach.
6-wheel vehicle leasing (ALD Automotive – Netherlands)
Launched in April, this offering combines the leasing of an electric car and scooter. In an urban environment, this offering helps reduce petrol consumption and facilitates parking.
Possibility also of renting an electric 2-wheel vehicle directly.
Car2Car
(ALD Automotive – Italy)
Launch of a new flexible leasing offer giving customers a choice every two years of whether to keep their vehicle, based on their needs (with no additional fee); customers who decide to keep their vehicle can take advantage of lower leasing fees (they can keep using the vehicle for a maximum of 6 years).
ALD Switch (ALD Automotive – Belgium)
This offer enables customers to combine their long-term lease with a short-term lease for another type of vehicle (convertible, SUV, utility vehicle, etc.).
Deposit collection (SG Equipment Finance – Germany)
Launch of a bank deposit offering by Gefa in Germany in April.
Innovative online payment offering (SG Consumer Finance – Germany)
Launch of a credit card with the partner Billpay, an innovative online payment service provider, at end-June. This credit card offers an attractive system of advantages: with each purchase, the customer earns credits on future purchases with an extensive network of brands. Moreover, each new customer is offered EUR 250 of Billpay credits.
Mastercard PayPass credit card (SG Consumer Finance – Poland)
Launch of a new Mastercard PayPass credit card enabling customers to make contactless payments online or on a smartphone and to set customised transaction limits (shopping payments versus cash machines, for example); the card can be issued during the customer’s first branch visit.
Private Banking, Global Investment Management and Services
Private Banking – Issuer Service
Societe Generale Private Banking has launched a unique and innovative service enabling its private clients, as individual investors, to access executives Directors of major listed French companies, in the same way as institutional investors.