Agreement on planning the sale of Societe Generale bank in Serbia to OTP Group signed
Societe Generale Group has signed an agreement on planning the sale of Societe Generale bank in Serbia to OTP Group, conditioned on the approval by the National Bank of Serbia and the Commission for Protection of Competition, the Beta agency received confirmation today.
The sales process covers SOGE Leasing and SOGE Insurance, whereas Societe Generale Group will continue its presence in Serbia through ALD Automotive.
Transaction should be finalized in the upcoming months.
In its press release, Serbian subsidiary of the Societe Generale bank says that the bank has realized record business results in the past couple of years.
“In the local market the bank is fourth in assets, third in the volume of loans and fourth in total deposits, and it works with both retail and corporate clients. SOGE Leasing is a market leader,” the press release says.
Izvor: Beta
Foto: Promo
Piše: T. K.