SociГ©tГ© GГ©nГ©rale has been named Bank of the Year by Euromoney magazine in its annual Award for Excellence. SociГ©tГ© GГ©nГ©rale was also named the Best Bank in France and Best Debt House in France, Trend reports citing the bank. This prestigious awards recognizes the remarkable growth and transformation achieved by SociГ©tГ© GГ©nГ©rale, which ahs doubled in size over the past 6 years, while consistently delivery high profitability, operating, efficiency, and rigorous risk management
According to Euromoney, SociГ©tГ© GГ©nГ©rale has used its independence to its advantage, putting together the strategy that leverages the steady incomes from its French retail banking network to build newer, high-growth and high-return businesses in emerging Europe and investment banking.
Euromoney comments the banks choice to concentrate on becoming the first class operation in areas and businesses where its corporate and investment bank could make a difference, notably in equity derivatives, securitization and structured finance.
Daniel Bouton, Chairman and Chief Executive Officer, said, This Bank of the Year award recognizes SociГ©tГ© GГ©nГ©rales success in creating value by capitalizing on growth opportunities in high-potential markets, and the excellence of our teams. SociГ©tГ© GГ©nГ©rale has become increasingly international with close to half of our under 103,000-staff working outside France, while retaining a strong corporate culture and tradition of innovation and entrepreneurialism in the 76 countries where we operate.
We are equally pleased to be named Best Bank in France and Best Debt House in France in acknowledgement of our achievements in our French home market, Bouton said.
Euromoney is a leading monthly publication fir global banking, finance and capital markets. Its Awards for Excellence, now in their 15th year recognize the best performing, as well as the leading banks in well over 100 countries.
SociГ©tГ© GГ©nГ©rale has been present in Azerbaijan since 1998 through its regional representative office covering Azerbaijan, Georgia and Turkmenistan. The bank has been successfully involved in the major strategic projects in Azerbaijan, such as: participation in Azeri-Chirag-Guneshli Fullfield development, Baku-Tbilisi-Ceyhan Pipeline where SociГ©tГ© GГ©nГ©rale is acting as Mandated Lead-Arranger, Shah-Deniz Gas Field development and 570MW Sumgait Power Plant where SociГ©tГ© GГ©nГ©rale is acting as a Joint Lead-Arranger.
Societe Generale has a strong commitment to continue its investments to Azerbaijan.