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Tag Archives: SOCIETE GENERALE

French Financial Group Societe Generale may Leave the Georgian Market

French Financial Group Societe Generale may Leave the Georgian Market

After the British HSBC, the French group Societe Generale could leave the Georgian financial market. The group  now owns the bank “Republic” which may be sold. The bank’s management has not  commented on this matter. While representatives of other Georgian banks expressed their opinion in this regard. According to Archil Kontselidze, …

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Will Societe Generale Withdraw from Georgia?

Does Hualing Group Plan to Buy Billionaire Bank? „I would take every my efforts, apply all leverages to maintain this major bank group in the Georgian market. The Government, the regulatory body should take maximum efforts in this case”, Bank Republic founder Lasha Papashvili noted. In due time Lasha Papashvili …

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Societe Generale Charged, As UK Begins First Euribor Rigging Case

Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutsche Bank (DBKGn.DE), Barclays (BARC.L) and Societe Generale (SOGN.PA) employees is Britain’s fourth …

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SOCIETE GENERALE to Open Large Credit Line to Georgia

SOCIETE GENERALE

SOCIETE GENERALE will open large credit line to Georgia for acquiring defense equipment. The matter concerns to a credit line of 47 835 326.78 EUR, which has been signed between Georgia and SOCIETE GENERALE on December 8. the credit will be allocated within the frame of “COFACE Credit Line Agreement …

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