1556 GMT - Societe Generale may unveil a new 1 billion euro buyback program at its first-half results, Deutsche Bank says in a research note. The EU pushed back the implementation of the Fundamental Review of the Trading Book by a year to 2027, offering the French bank regulatory capital relief. The execution of its non-core asset disposals has also helped it reach a quite comfortable capital position, which gives it scope for further buybacks, analysts Sharath Kumar and Benjamin Goy write. While CEO Slawomir Krupa said at the annual general meeting that its divestment program is largely completed, the analysts see merit in expanding the scope. SocGen shares have surged 76% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 11:56 ET (15:56 GMT)
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