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Société Générale sells Slovenia’s SKB to OTP

Slovenia

French banking group Société Générale has sold its stake in Slovenia’s SKB and subsidiaries SKB Leasing and SKB Leasing Select to Hungarian group OTP bank.

“I welcome the strategic agreement reached with OTP which will allow us to continue to serve our clients in Slovenia and in many Balkan countries,” said Philippe Heim, deputy CEO of Societe Generale Group in charge of international retail banking activities, financial services and insurance. “Societe Generale will sustain a dynamic and profitable growth in its international retail banking activities, leveraging on its subsidiaries in Eastern Europe, particularly in the Czech Republic and Romania, Russia and Africa.”

Source: emerging-europe

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