Societe Generale CEO on Loan Loss Provisions, Guidance, Oil

The transcript discusses Societe Generale's financial performance, focusing on the €820 million set aside for bad loans due to the COVID-19 crisis. It covers the cost of risk, economic scenarios, and the impact of government schemes. The discussion includes credit drawdown, government support, and the effects of the oil market and fraud charges. The transcript concludes with an analysis of the equities trading business and derivative losses.

What challenges are faced in forecasting provisions during the crisis?

What was the impact of the oil market chaos on Societe Generale?

Can you describe the losses reported in the equities trading business?