Societe Generale Establishes New French Retail Banking

On the 1st of January 2023, Societe Generale Group announced that it had completed the legal merger of its two French Retail Banking networks, Societe Generale and Crédit du Nord Group. SG is now the Group's new French Retail Banking.

The bank SG aims to build a leading banking partner on the French market serving 10 million customers.

The completion of the merger is accompanied by the implementation of a new relationship model, which will improve the quality of service provided to individual, business and corporate customers and establish itself as a leading player in the French market in terms of savings, insurance and excellent solutions for businesses and professionals.

"We are very pleased to start 2023 with the launch of SG, the new French Retail Banking," said said Sébastien Proto, Deputy General Manager, in charge SG French Retail Banking Network, Private Banking and their IT division.

"This new bank is not only a banking merger. It is also the implementation of a new model, which will allow us to offer our 10 million private, business and corporate customers, throughout the territory, more proximity, responsiveness, expertise and responsibility. Our goal is to become an even more essential player in the French market, recognised for the quality of its expertise, its speed of execution, its regional roots."