Bernardo Sanchez-Incera, our Deputy Chief Executive Officer, said: “This award is an important recognition for the Group’s employees and businesses, and in particular for the teams who have been steadily building our market share and accompanying clients in CEE for the past 10 years. Today, despite the crisis, the region has solid fundamentals and economies that are steadily developing with high banking potential for the years to come. Societe Generale is proud to have participated in this transition, playing a leadership role in local banking sectors and economies.”
We have strong ambitions in Central and Eastern Europe where our goal is to consolidate a top 3 position. The region is at the heart of our Ambition SG 2015 strategic plan both in terms of business development and operational transformation objectives. We will focus on intensifying customer relationships and pursue our innovative strategy, while enhancing commercial and operational synergies between entities.”

According to Euromoney: “Over the past decade Societe Generale has slowly but surely built an impressive range of operations in Central and Eastern Europe. It has a pan-regional network that is able to serve the needs of both retail and corporate clients. It is well positioned to become a prime beneficiary of the upturn in economic fortunes in the region.”

We have a strong and long-standing commitment to the region with a presence in 18 countries in Central and Eastern Europe, with 46,000 employees serving more than 11 million clients. Our affiliates have leading positions in a number of countries and markets with a high potential, including the Czech Republic (Komercni Banka, No. 3), Romania (BRD, No. 1 network in the country) and Russia, with Rosbank and BSGV.

Going forward, we aim to further develop our presence in the region as a key growth driver for both our international retail and corporate & investment banking businesses.