Societe Generale has signed an agreement with Bank Millennium. SG will sell Euro Bank – its retail banking subsidiary in Poland.
„The sale of Euro Bank is a further step in the execution of Societe Generale’s strategic and financial plan „Transform to Grow”, whose primary objectives are to focus and develop its presence on markets and activities with a critical size and the potential for generating synergies with other Group businesses”, said Philippe Heim, Deputy CEO of Societe Generale Group in charge of International Retail Banking activities, Financial Services and Insurance.
Societe Generale will continue to provide corporate and investment banking services in Poland, through its Global Banking and Investor Solutions business, and will remain present in the country in various other activities.
