Societe Generale stock at EUR 67.98, up 0.82% premarket
Published on 11/11/2026 at 08:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRestructuring keeps Societe Generale in focus
- The French bank plans to close about 148 points of sale by the end of 2027.
- The plan includes roughly 40 full-service branches and about 80 job cuts through attrition and internal transfers.
- The changes are intended to simplify smaller locations as customer banking habits shift.
Societe Generale stock traded at EUR 67.98 on Lang & Schwarz at 08:37 CET on Wednesday, November 11, 2026, 0.82 percent above the Xetra close of Tuesday, November 10, at EUR 67.43.
Branch cuts add restructuring focus
Societe Generale plans to close about 148 points of sale in France by the end of 2027, including nearly 40 full-service branches. The plan would reduce the French network to about 1,263 locations from 1,300, according to Global Banking & Finance Review, which carried Reuters reporting.
The restructuring is expected to cut about 80 positions, including 38 branch manager roles. The source said the changes would be handled through natural attrition and internal transfers, with no forced departures planned. Societe Generale is adapting smaller locations as customer habits move toward digital banking and the group seeks a simpler retail structure.
For investors, the plan keeps cost discipline and branch productivity in focus alongside the bank's broader performance targets. The eventual effect will depend on the pace of closures, staff redeployment and the ability to retain customers as the physical network becomes smaller.
The CAC 40 provides the relevant French market backdrop for Societe Generale stock.
