SocGen Not Far From ROE Objective, Says Oudea

The transcript discusses the challenges and strategies of maintaining a 10% target for Ferrari in 2016, focusing on return on equity and shareholder expectations. It also addresses the impact of negative interest rates in Europe on banks like Societe Generale, highlighting the difficulties in managing net interest margins and the strategies employed to mitigate these effects, such as developing new activities and expanding the client base in France.

What is the significance of the capital base increase mentioned in the text?

What is the target return on equity mentioned in the text?

How does the current cost of negative rates in Europe affect banks like Societe Generale?

What challenges are faced in managing the net interest margin according to the text?

What strategies are mentioned for compensating the impact of negative rates?