Société Générale / Risk report 2021 - Pillar 3 2020

Liquidity reserve at end 2020 EUR 243 bn (Amount at end 2019: EUR 190bn) Liquidity risk is defined as the Group’s inability to meet its financial obligations at a reasonable cost. Funding risk is defined as the risk of the Group being unable to finance the development of its activities in line with its commercial objectives and at a competitive cost. IN BRIEF 12 203 | SOCIETE GENERALE GROUP | PILLAR 3 - 2021 LIQUIDITY RISK