Hungary’s OTP Bank to buy Societe Generale in Serbia

Hungary’s OTP Bank to buy Societe Generale in Serbia

Published at: 2018-12-21 10:02 | Author: CIJ Serbia
Hungary’s OTP Bank is poised to buy Societe Generale’s Serbian unit. The price of he impending deal has not been disclosed, but the transaction is expected to be finalized within the coming months. The sale, which includes the French bank’s insurance and leasing activities, is part of Societe Generale’s transform-to-grow strategic plan. Societe Generale will remain active in Serbia through its fleet management unit, ALD Automotive. OTP Bank purchased Societe Generale’s Albanian and Bulgarian units earlier this month.

Similar Stories:

Raiffeisen's expansion in Bosnia reaches 100th branch office
Raiffeisen Bank has opened its 100th branch office in Bosnia in Sarajevo on Mrehemica squa  »
AIK takes over Gorenjska banka
AIK banka has taken over Slovenia’s Gorenjska banka. The acquisition by the Serbian bank  »
ČSOB acquisition of ČSS given green light
The Czech antimonopoly office has approved a deal under which the bank ČSOB bought out th  »
K&H Bank’s Q1 profit fall 19%
K&H Bank’s first quarter profit fell 19 percent y-o-y to HUF 12.2bn. The lender’s  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »