The new business volume for Société Générale Equipment Finance (SGEF) in 2013 was €6.6bn, down 5.7% compared to the previous year.

As of 31 December 2013 SGEF’s outstanding loans totalled €16.9bn, down 5% on the €17.8bn at the end of 2012.

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Société Générale described the result, which excludes factoring business volume and outstandings, as "solid" in an "adverse environment" and highlighted the leasing division’s SME Champion award picked up Leasing Life awards in December as evidence of the unit "distinguishing itself among peers" in 2013.

Net profit for the French bank’s rebranded Financial Services to Corporates division, previously Specialised Financial Services and including SGEF and fleet lessor ALD Automotive, was €389m for the year, up 24% on 2012. The figure for the fourth quarter of 2013 was €116m, up 53% year-on-year.

ALD Automotive increased its total fleet to more than 1 million vehicles, up from 955,000 in December 2012, with the Société Générale attributing this growth to the development of partnerships with car manufacturers and its retail banking networks and a strengthened financial position following securitisations and bond issues totalling €1.9bn.

SGEF topped the 2012 Leaseurope lessor league table, which is ranked by new business volume, reporting €12.7bn in volume when it included business from ALD Automotive.

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Société Générale Group posted net profit of €3.86bn, up 15% from the €3.35bn 2012 figure, when the impact of non-recurring and legacy items is excluded. The official Group net profit was €2.18bn, up from €790m the previous year.

In 2013 the Group completed a restructuring of its balance sheet which Frédéric Oudea, the company’s chief executive, said has resulted in "robust" capital and liquidity ratios and would allow the group to "seize growth opportunities" in 2014 and beyond.