Name: Société Générale Review
Item: Société Générale
Rating: 3
Author: Noam Cohen

3.0 out of 5, weighted, Q4 2026 edition

1 of 2centre publishes a fee schedule

Noneno decision naming one of its booking entities in ten years

1.6/521 UHNW client ratings across its booking centres

The editor's opinion

Why Société Générale rates 3.0 out of 5

Société Générale rates 3.0 out of 5. Its two rated booking centres, in Luxembourg and Monaco, all hold three stars, so weighting them by the UHNW client ratings each has received leaves the overall rating at the same level. We found no regulatory, criminal or court decision naming one of its booking entities in the last ten years. Across its booking centres, 21 UHNW client ratings average 1.6 out of 5.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.

Where Société Générale stands out

No final adverse finding against this licence holder in ten years of regulatory and court records. All centres
Custody assets are protected by statute in the booking centre, with conditions a family should read. Luxembourg
Deposits are covered by a statutory protection scheme. All centres
Ownership and control are fully public. All centres
The owners' home jurisdictions carry strong official assessments against money laundering. All centres
The fee schedule is published in full, so a family can price the relationship before asking. Monaco

What to weigh

Only a summary of the custody terms is public. All centres
Only part of the private banking range is published for this booking unit. Luxembourg
No public policy on third-party payments or retrocessions. All centres
The bank does not say whether it runs a desk for external asset managers. All centres
Pricing is not public. Luxembourg
Almost no private banking services are published for this booking unit. Monaco
How the law here would protect custody assets if the bank failed is not yet documented in this file. Monaco

Luxembourg · Société Générale Luxembourg4 client ratings · 19% of the weight

Monaco · Société Générale Private Banking (Monaco) S.A.M.17 client ratings · 81% of the weight

PPLI.com rating, weighted across the centres3.0

Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The booking centres

Société Générale in 2 booking centres

Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.

SG

Société Générale Luxembourg4 client ratings · 19% of the weightLuxembourg

SG

Société Générale Private Banking (Monaco) S.A.M.17 client ratings · 81% of the weightMonaco

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided against the booking entities of Société Générale, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming a booking entity of Société Générale in the last ten years, in the sources listed below.

Matters concerning other entities in the group (2)

20184 June 2018

Deferred prosecution agreement: bribery of Libyan officials (FCPA) and USD LIBOR manipulation

Société Générale S.A. entered a deferred prosecution agreement with the US Department of Justice on one count of conspiracy to violate the FCPA anti-bribery provisions (payments through a Libyan broker, 2004 to 2009) and one count of transmitting false commodities reports (USD LIBOR submissions, 2010 to 2011); its subsidiary SGA Société Générale Acceptance N.V. pleaded guilty. The USD 860 million in criminal penalties includes USD 292.8 million credited for the payment to the French PNF; the CFTC's roughly USD 475 million overlaps and must not be added without that note. Parent-level matter, recorded for context only.

Shown for context only: the parent Société Générale S.A. and SGA Société Générale Acceptance N.V. were the defendants; the Monaco subsidiary was not a party.

Société Générale S.A. Agrees to Pay $860 Million in Criminal Penalties

From the file of: Monaco · Société Générale Private Banking (Monaco) S.A.M.US Department of Justice (with CFTC and the French Parquet National Financier)Resolution with admissionCriminal penalties total us and france USD 860 million; Doj penalty libya USD 585 million; Doj penalty libor USD 275 million; Cftc penalty and disgorgement overlapping USD 475 million; Credit for payment to french pnf USD 292.8 millionAdmission of the factsPrimary source

201719 July 2017

ACPR reprimand and EUR 5 million penalty for AML/CFT deficiencies (suspicious transaction reporting)

The ACPR sanctions commission imposed on Société Générale S.A. a reprimand and a EUR 5 million penalty for deficiencies found in a 2015 inspection, mainly excessive delays and omissions in suspicious transaction reports to Tracfin in 2014 and 2015 and weaknesses in detection and internal control. The press release notes the bank had two months to appeal. Parent-level matter, recorded for context only.

Shown for context only: the parent Société Générale S.A. was the respondent; the Monaco subsidiary was not a party.

un blâme assorti d'une sanction pécuniaire de cinq millions d'euros

From the file of: Monaco · Société Générale Private Banking (Monaco) S.A.M.ACPR Commission des sanctions (France)Final decisionPenalty EUR 5 millionPrimary source

Clients and standing

Client experience and financial standing

What clients meet at Société Générale across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

1.6 out of 5, based on 21 client ratings across its booking centres.

Luxembourg1.8 out of 54 ratings
Monaco1.6 out of 517 ratings

What clients report

Luxembourg. The group's Swiss private banking companies signed US Swiss Bank Program agreements in 2015, and neither agreement concerns the Luxembourg bank.

Monaco. Press coverage reports no data breach, client-money incident or service failure at the bank. The enforcement record sits with the parent, Société Générale S.A., whose 2018 US sanctions resolution was followed by a Federal Reserve written agreement of December 2019 that ended in September 2025.

In the press

28 October 2026Paperjam
Frédéric Surdon named CEO at Société Générale Luxembourg
Frédéric Surdon, a board member since 2019 and former global head of asset finance at the group's investment bank, became managing director and chief executive, replacing Arnaud Jacquemin, who moves to head the group's securities business.
25 March 2025Monaco Tribune
Société Générale Private Banking Monaco : Émilie Chauvet nommée directrice générale adjointe
Émilie Chauvet, a Société Générale employee since 2002, had been named deputy chief executive of the Monaco bank.

What it costs

What Société Générale charges, centre by centre

Fees are set by each booking entity, so they are shown centre by centre. One of the two centres of Société Générale publishes a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.

Luxembourg · Société Générale LuxembourgCentre file

Pricing not published

The fee document for this booking centre is being read and will be added in the next edition.

Monaco · Société Générale Private Banking (Monaco) S.A.M.Centre file

The reference relationship, at Société Générale Private Banking Monaco's list prices

USD 133,050 a year

53 basis points for custody and a discretionary mandate (custody USD 45,550, discretionary mandate USD 87,500)

With the trades, conversions and transfers of the reference year added at list price: about USD 217,560 a year, 87 basis points.

against 22 other banks on custody and mandate fees

Price level of the published fees10 fees compared with the other banks that publish them

Fee	Société Générale Private Banking Monaco	Other banks	Against the others
Custody and safekeepingeffective rate on USD 25 million	0.18% a year0.22% at USD 10m, 0.17% at USD 50m Source	0.30% a yearaverage of 38 other banks	among the lowest
Discretionary mandateeffective rate on USD 12.5 million, balanced profile	0.70% a year0.80% at USD 10m, 0.60% at USD 50m Source	1.25% a yearaverage of 25 other banks	among the lowest
Equity tradecommission on a USD 250,000 trade, major exchange	0.70% Source	0.80%average of 47 other banks	below the average
Bond tradecommission on a USD 500,000 trade	0.40% Source	0.96%average of 42 other banks	among the lowest
Third party fund subscriptionfee on a USD 250,000 subscription	1.00% Source	1.39%average of 42 other banks	below the average
Currency conversionmargin on a USD 1 million spot conversion	0.30% Source	0.73%average of 30 other banks	among the lowest
Account maintenanceper year	USD 1,610 a yearEUR 350 per quarter Source	USD 1,262 a yearaverage of 26 other banks	above the average
Minimum annual feeper year, or fee below the asset threshold	USD 2,300 a yearEUR 2,000 per year Source	USD 4,391 a yearaverage of 38 other banks	among the lowest
Outgoing international transferper transfer, standard	USD 288EUR 250 Source	USD 53average of 61 other banks	among the most expensive
Transfer of securities to another bankper position	Transfert sortant : 0,10 % du montant - min 50 € Source	Published in a form we cannot put on the same footing
Closing the accountone off	USD 575EUR 500 Source	USD 718average of 21 other banks	below the average

Not in the published schedule: advisory mandate, lombard loan margin.

Sources.

Conditions tarifaires Société Générale Private Banking Monaco, tarifs au 10/03/2025, 10 March 2025 (FR), read on 6 November 2026. Fees stated HT (excluding VAT)

How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.

The bank at a glance

Identity, protection and services

Ownership

Group parentSociété Générale S.A. (listed, Euronext Paris) Source

ControlWidely held; no shareholder with 10% or more Source (31 December 2025)

Holder of 10% or moreEmployee shareholding - savings plans, 15.86% in Société Générale S.A. Source (31 December 2025)

Disclosed holdings of 3% or moreBlackRock, Inc 7.13% Source (31 December 2025)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Booking entities

LuxembourgSociété Générale LuxembourgCSSF · Licence holder · LEI TPS0Q8GFSZF45ZZFL873Licence: Credit institution under Luxembourg law (CSSF); ECB significant institution Source

MonacoSociété Générale Private Banking (Monaco) S.A.M.ACPR (banking licence and prudential supervision); CCAF (investment services); AMSF (AML/CFT) · Locally incorporated subsidiary · LEI 549300KUIHN585DKX254Licence: Credit institution (bank) established in Monaco as a Monegasque company; FGDR member (CIB 13368, 'Société générale private banking (Monaco)') Source

Financial strength, as reported

Credit ratingsFitch A+ (stable outlook) Rated entity: Société Générale S.A.

CET1 ratio13.5% (31 Dec 2025)

Total assetsEUR 1,546.6 billion (31 Dec 2025)

Shareholders' equityEUR 79.5 billion (31 Dec 2025)

Net profitEUR 6.0 billion (31 Dec 2025)

Employees119,000 (31 Dec 2025)

These are the published figures of Société Générale group (consolidated), which reports for this bank. Sources: Société Générale Q4 and full-year 2025 results press release; Fitch rating action on Société Générale (published by Société Générale).

Services published across its booking centres

Private clientsLuxembourg and Monaco

Discretionary managementLuxembourg

Advisory mandatesLuxembourg

Custody only (execution and safekeeping)

Lombard lendingLuxembourg

Mortgage lending

Multi currency accounts

Trust and fiduciary services

Family office services

Wealth planningLuxembourg

Consolidated reporting

External asset manager desk

Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable
Checked on the bank's own pages for each centre.

Access and costs

Minimum relationshipLuxembourg: EUR 1 million Source
Monaco: EUR 1 million Source

US personsLuxembourg: Not published
Monaco: Not published

Fee scheduleLuxembourg: Not published
Monaco: Published, 10 March 2025 Source Compared below

Third party paymentsLuxembourg: Not published
Monaco: Not published

Transfer out termsLuxembourg: Not published
Monaco: Not published

Protection of client assets

Deposit protectionLuxembourg: Luxembourg credit institutions are members of the FGDL: EUR 100,000 per depositor per institution, repaid within seven working days.
Monaco: Banks with their head office in Monaco are covered by the French FGDR: EUR 100,000 per customer per institution, seven working days.

Custody lawLuxembourg: Law of 1 August 2001 on the circulation of securities: securities held on account are an intangible interest of the account holders and are claimed collectively from the liquidator, with any shortfall shared pro rata (Arts 3(1), 10(1), 10(2)). Rules on re-use were not located in the statute text read.
Monaco: Not published

Custody termsNot published

Before opening an account

Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien.
Relationship minimum. The published figure cited above is EUR 1 million. Ask whether it applies to the proposed mandate and whether assets in related accounts, entities or currencies count toward it.
Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market. Luxembourg
Currency conversion. The fee comparison shows 0.30% for the reference FX transaction. Ask for the spread on your usual currency pairs and trade sizes, with the benchmark rate named in the quote. See published fees. Monaco

Société Générale

Why Société Générale rates 3.0 out of 5

Where Société Générale stands out

What to weigh

Société Générale in 2 booking centres

Regulatory and legal record

Deferred prosecution agreement: bribery of Libyan officials (FCPA) and USD LIBOR manipulation

ACPR reprimand and EUR 5 million penalty for AML/CFT deficiencies (suspicious transaction reporting)

Client experience and financial standing

UHNW client ratings

What clients report

In the press

Frédéric Surdon named CEO at Société Générale Luxembourg

Société Générale Private Banking Monaco : Émilie Chauvet nommée directrice générale adjointe

What Société Générale charges, centre by centre

Luxembourg · Société Générale LuxembourgCentre file

Monaco · Société Générale Private Banking (Monaco) S.A.M.Centre file

Identity, protection and services

Ownership

Booking entities

Financial strength, as reported

Services published across its booking centres

Access and costs

Protection of client assets

Before opening an account

Rate Société Générale

Our commitment to confidentiality

Sources

Regulatory and legal record

Client experience and press

Fees

Identity, ownership, finances and services

The bank

For Société Générale

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