With the European Central Bank (ECB) interest rate decision set to be announced later on Thursday, Oudea said that an extension of the current bond buying programme past September 2016 would not be welcome at this moment in time.
"Our central scenario is a moderate progressive improvement of gross domestic product (GDP) growth in euro zone areas, knowing that our scenario is slightly lower than the assumptions made by the European Commission or the ECB."
"Second, from a credit perspective, it is the first month where we see an increase of the credit provided to corporates for the full euro zone area, so it seems to me there is a clear improvement of the financing conditions: credit is flowing better at the lower rate. So I don't see a reason to intervene today and I don't think the market turbulences is enough to justify anything."
Oudea said that quantitative easing had been successful in limiting and reducing interest rates across the euro zone, helping banks to lend at lower rates.
"We have seen the improvement in countries like Spain and Italy with lower interest rates to the economy, and we've also the implementation of the banking union. With the strengthening of the banking system in Europe I think we see also banks which are more able to commit balance sheets."
Globally, Oudea said the risk to Societe Generale from Russia was, "very small," and "totally under control." He added that with regards to any interest rate decisions from the Federal Reserve, "the question whether there will be an increase in September, December, is not a big deal, it doesn't matter."
In August, Societe Generale reported a net income of 1.35 billion euros ($1.52 billion) for the second quarter of 2015, a 25 percent increase compared to the same period in 2014.