Agreement on planning the sale of Societe Generale in Serbia to OTP Group signed

Societe Generale Group has signed an agreement on planning the sale of Societe Generale Group in Serbia to OTP Group, conditioned on the approval by the National Bank of Serbia and the Commission for Protection of Competition, it was confirmed for Beta today.

The sales process covers SOGE Leasing and SOGE Osiguranje, whereas Societe Generale Group will remain present in Serbia through ALD Automotive.

The transaction should be finalized in the upcoming months.

In its press release, Societe Generale Serbia says that the bank has realized record operating results in the past few years.

– In the local market, the bank is fourth in assets, third in the volume of lending and fourth in total deposits, and it works with both retail and corporate clients. SOGE Leasing is a market leader – the press release says.

OTP banka Srbija a.d. Novi Sad

OTP banka Srbija a.d. Novi Sad

OTP BANK Budapest, Hungary

Narodna banka Srbije Beograd

ALD Automotive d.o.o. Beograd

OTP Leasing Srbija d.o.o. Beograd

Societe Generale Serbia

OTP

sale of Societe Generale Group

National Bank of Serbia

NBS

SOGE Leasing

SOGE Osiguranje

ALD Automotive