Société Générale has capital to allocate to business growth and is keen to increase its loan book for Asian bank and investor clients, said Philippe Heim, the bank's Paris-based chief financial officer.
He said increasing SocGen’s corporate and investment banking CIB activity in Asia is an important part of the executive committee’s goal to achieve a 10% return on equity for shareholders, up from the 8.3% RoE achieved in fiscal 2013.
Many banks were humbled in the wake of the financial crisis and Heim acknowledged that SocGen is a “mid-sized” global financial institution.
“We are not in the same league in...
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