How did the banking system evolve from a simple bench—the very origin of the word “bank”—into the sophisticated institutions that drive the global economy?

Banks are more than just institutions. With over 4,000 years of history, they have played a pivotal role in powering industrial revolutions, transforming dreams into reality, and adapting to the evolving needs of clients across generations. From economic booms to busts, they have stood the test of time, channeling funding like the lifeblood of the economy and serving as critical cogs in the machinery of society. Banks have turned the alchemy of compound interest—Einstein’s “8th wonder of the world”—into a driving force behind economic growth.

In this episode of 2050 Investors, Kokou Agbo-Bloua dives into the essential role of banks and the foundations of the global banking system. Through his analysis, he explores the power of compound interest, the history of banking and the evolution of business models and regulatory frameworks. Highlighting their role as financial intermediaries, Kokou unpacks how they contribute to societal and economic progress through fractional reserve banking.

Later in the episode, Kokou interviews Slawomir Krupa, as the bank marks its 160th anniversary. Slawomir reflects on how Societe Generale has remained true to its original mission of combining innovation with strength in its business model. He discusses the bank’s focus on sustainability and responsibility, emphasizing its vital role in financing the economy, supporting transformational projects, and offering strategic advice to clients to drive these developments. He also shares insights on how climate change and AI are driving institutions to reinvent themselves.

This episode is a compelling exploration of the past, present, and future of banking, offering fresh insights into how this age-old institution continues to influence our lives and economies.

About this show

Welcome to 2050 Investors, your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.

Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an exploration of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050’s challenging global sustainability targets.

If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you’re seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!

Previous episodes of 2050 Investors have explored ESG, climate change, AI, greenflation, globalization, plastic pollution, food, healthcare, biodiversity and more.

Credits

Presenter & Writer: Kokou Agbo-Bloua. Editors: Jovaney Ashman, Jennifer Krumm, Vincent Nickelsen, Louis Trouslard.
Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer : Fanny Giniès. Sound Director: Marc Valenduc. Music: Emmanuel d’Orlando. Graphic Design: Cédric Cazaly.

Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.

Hosted by Ausha. See ausha.co/privacy-policy for more information.