• Societe Generale Group average return on tangible equity for 2023 was 5.99, a 11% decline from 2022.
• Societe Generale Group average return on tangible equity for 2022 was 6.73, a 62.17% decline from 2021.
• Societe Generale Group average return on tangible equity for 2021 was 4.15, a 15.6% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.