Societe Generale

Ticker GLE

Today's data summary

Market open
% change
-2.36%
Price Euros
25.11
Change
-0.61
As of 11:29 20 May 2019
Market cap. Euros
20,266.62 million
As of 16:47 20 May 2019

Latest updates

Societe General flogs Polish bank

Man cleans Societe Generale sign
Reuters

French bank Societe Generale said this morning it has agreed to sell its Polish unit Euro Bank to Bank Millennium, as part of its plans to divest non-core assets to focus on its core businesses.

The sale will lead to a €2bn reduction in its risk-weighted assets and improve its core tier-one capital ratio by 8 basis points, the bank said.

The deal is expected to close in the first half of 2019.