Societe Generale in Morocco
The Societe Generale Maroc group, with its long history in Morocco and its multiple areas of activity, is a leading player in the country.
A few words from management board chairman ALBERT LE DIRAC’H
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The Societe Generale group in Morocco is active in all the key areas of business (retail banking, insurance, leasing, asset management and so on) and is the leading financial group with a major international shareholder. These foundations enable the group to benefit from all the collective experience and complementary synergies within the bank and its subsidiaries. Societe Generale has been in Morocco for over a century and has earned its status as a universal bank, with an organisation that is able to meet the requirements of all categories of customer: big corporations, SMEs, retail bank customers, business clients and institutional investors. |
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| Our close involvement in each market is the fruit of many preparatory and structural projects, like the reorganisation of the “Risks” division in order to improve our business development capacity even further, or our multichannel bank (Sogétel, SG Maroc online, etc.) which supports the sharing of information tools between marketing staff and allows greater interactivity with our customers. Societe Generale Maroc is also known for its expertise in structured finance, leasing and support for companies with equity capital transactions and stock exchange flotation. The Societe Generale group in Morocco is fully committed to social responsibility, with a day-to-day approach that supports NGOs of recognised public value, assists microcredit organisations and contributes to promoting artistic, sporting and cultural sponsorships. Benefiting from a more favourable economic environment in 2010, despite continuing uncertainty internationally, Societe Generale in Morocco is setting itself some very ambitious targets for the coming years. And there are challenges to go alongside the ambition – the fight against poverty, the drive for education, employment and international cooperation – which apply to the country as a whole. |
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Societe Generale in Morocco: a powerful financial group
| Societe Generale Maroc has come a long way since opening its very first branch in 1913 in Casablanca, chiefly through sustained internal growth and a strong network of specialised subsidiaries. Gaining strength from its historic roots in the country’s economy, from the breadth of its activities, the professionalism of its teams and from its links with a financial group of global stature, Societe Generale Maroc has been able to develop its organisation and infrastructure, instigating an overall quality initiative that places the customer at the centre of its business. Our activities in Morocco are led by the retail bank, our specialised financial services such as life insurance and consumer credit, and vehicle fleet leasing and management. Ours teams currently total over 3,500 employees in Morocco, distributed across a network of more than 350 branches. |
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Key figures for the Societe Generale Maroc group (consolidated accounts - 31/12/10)
• 3.6 billion dirham net operating income• 2.1 billion dirham EBIT
• 59.2 billion dirham in deposits
• 9.6 billion dirham equity capital
• 1,116 million dirham net income
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