Societe Generale SA (SCGLF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.132 -- 00:00:05.177 Ladies and gentlemen, welcome to the Societe Generale second quarter and half-year 2025 00:00:05.177 -- 00:00:06.679 conference 00:00:06.679 -- 00:00:12.044 call. I now hand over to Mr. Slavomir Kupa, Chief Executive Officer. 00:00:12.044 -- 00:00:14.207 Sir, please go ahead. 00:00:14.207 -- 00:00:20.073 Thank you. Good morning, everyone, and thank you for joining us today for our H-1 results. 00:00:20.073 -- 00:00:25.538 I am delighted to present to you another strong set of results as well as an important 00:00:25.538 -- 00:00:29.748 new milestone in the execution of our strategic plan. 00:00:29.748 -- 00:00:35.178 Last quarter, we demonstrated that our continued improvement is sustainable, 00:00:35.178 -- 00:00:39.326 and we continue to perform ahead of our end-of-year targets. 00:00:39.326 -- 00:00:44.636 Through consistent organic capital generation, we have further strengthened our capital 00:00:44.636 -- 00:00:50.006 ratio. Our overall performance gives us the confidence to take two major steps 00:00:50.006 -- 00:00:55.430 forward in our commitments. We are upgrading our annual targets 00:00:55.430 -- 00:01:00.274 and we now expect a roti around 9% for 2025. 00:01:00.274 -- 00:01:05.359 And we are further improving shareholder return with today's announcement of our first 00:01:05.359 -- 00:01:10.003 ever exceptional distribution of a portion of our excess capital through an additional 00:01:10.003 -- 00:01:15.087 share buyback of 1 billion euro. This is an important first 00:01:15.087 -- 00:01:20.472 step. Additionally, we are introducing an interim dividend 00:01:20.472 -- 00:01:27.208 of 61 cents per share against the results of the first half of 2025. 00:01:27.551 -- 00:01:33.561 The unwavering dedication of our teams ma...