Press conference
Société Générale has entered into an agreement to sell its controlling stake in Société Générale Albania (SGAL) to OTP Bank. The closing of this transaction is expected to take place in the coming months, subject to approvals from the banking and competition authorities, and the approval of other related parties.
With a market share of approximately 6%, SGAL is the 5th largest bank in the Albanian banking market with activity in both segments, retail and corporation.
Over the coming months, the Société Générale Group and OTP Bank will work together to obtain all necessary authorizations. During this period, Société Générale Albania will continue to serve all retail and corporate clients with the same high standards while preparing for a smoother transition for customers, ensuring the stability of their relationship with the bank.