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Friday, November 16, 2018

Société Générale Group celebrates 150th anniversary

Société Générale, the French multinational banking and financial services company headquartered in Paris, is marking its 150th anniversary with business and sporting events at its subsidiaries worldwide.

Société Générale is one of the oldest banks in France. Founded in 1864, its original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France - General Company to Support the Development of Commerce and Industry in France.

Tthe company is now a universal bank split into three main divisions -- retail banking and specialized financial services, corporate and investment banking, and global investment management and services.

Société Générale is France's third largest bank by total assets and the eighth largest bank in Europe. It has more than 154,000 employees based in 76 countries serving 32 million clients.

The long term debt of the group is currently ranked A by Standard & Poor's, A2 by Moody's and A+ by Fitch.