With an extensive and high quality retail banking network on the continent, Societe Generale benefits from a unique position combining the advantages of an international bank and the proximity of a local bank. In Africa, Societe Generale supports local economies and caters to 4.1 million clients 150,000 of which are corporate clients.
Societe Generale thus aims to be the reference partner in order to support its clients in Africa, thanks to:
- Excellent knowledge of the African countries where the Group is present;
- Dedicated teams to support the development of client’s projects, whatever their profile is;
- Access to professional expertise to respond to all our client’s projects, whether it be in Africa or internationally.
In January 2019, Societe Generale announced the signing of a Memorandum of Understanding with Absa Group Limited for the implementation of a commercial contract to jointly develop their activities by offering a pan-African banking services offer to destination of large customers.
This partnership is based on geographic complementarity and the combined strengths of Societe Generale and Absa to strengthen their know-how and offer a wide range of banking products and services to large companies and financial institutions, domestic and international, operating in Africa.
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The partnership also includes a joint offer for Chinese companies operating in Africa, which was first presented in June 2019 in Beijing.