Société Générale SCF products, services and reviews

Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Société Générale SCF

Special offer
Protected up to €100K
Free maintenance
Up to

3.80%

Annual fee

Free

Cashback

No

Interest rates up to 3.80%

Open and manage directly on PickTheBank Platform

Terms from 3 months to 5 years

Annual interest payments

Protected by Deposit Guarantee System up to 100.000 EUR

bank1170FR

Société Générale SCF

4.1

France

Credit ratings

Deposit Guarantee Scheme (DGS)

Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered

S&P

-

Moody’s

-

Fitch

-

About Société Générale SCF

Société Générale SCF is a French specialised credit institution (société de crédit foncier) wholly owned by Société Générale S.A., set up to issue covered bonds (obligations foncières) backed by a segregated cover pool. It refinances eligible exposures originated within the group, primarily public sector exposures to central governments, local authorities and public entities, and, where permitted by law, certain mortgage-related receivables and substitute assets. Bondholders benefit from the legal privilege attached to sociétés de crédit foncier under the French Monetary and Financial Code, giving a priority claim over cover assets that are ring-fenced from the issuer’s other creditors; a specific controller oversees compliance with statutory requirements. The framework imposes asset-liability matching rules, hedging of interest-rate and currency mismatches, maintenance of a liquidity buffer and minimum overcollateralisation, and the institution is supervised by the Autorité de contrôle prudentiel et de résolution (ACPR). Following the implementation of the EU Covered Bond Directive in France, issuance takes place within the harmonised European covered bond regime while retaining the obligations foncières designation. Securities are typically placed with institutional investors in the euro market under established programme documentation and are usually listed. The cover pool composition, concentration limits, maturity profile, fixed/floating split, currency breakdown, overcollateralisation and weighted-average life are detailed in periodic investor reports. Performance and risk are driven by the credit quality of the underlying public sector and other eligible assets, amortisation and prepayment behaviour, the effectiveness of collateral and hedging arrangements, and the alignment of issuance volumes with the group’s funding strategy; key sensitivities include changes in law and regulation, shifts in public sector credit conditions, and interest-rate and currency movements.

Société Générale SCF Deposit guarantee scheme participation

Société Générale SCF participates in the deposit guarantee scheme of France which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.

Société Générale SCF Countries of operations

Société Générale SCF offers their savings products in

Products offered by Société Générale SCF and interest rates

Société Générale SCF offers 0 deposits and 0 savings accounts in .

Best interest rates in France

12 mths Fixed deposits

3.3%

USD

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24 mths Fixed deposits

2.25%

EUR

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36 mths Fixed deposits

2.25%

EUR

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00

Loans offered by Société Générale SCF

There are no products yet

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0

Bank identifiers

BIC number

GSCFFR22

Name

Société Générale SCF

Country

France