Societe Generale Group highly appreciates Moldova's efforts to woo investments

Publish date: 18-01-2007
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The Societe Generale Group has highly appreciated Moldova's efforts to woo investments. The head of the Societe Generale's International Retail Activity for Europe, Jean-Didier Reigner, made statements to this effect during a 16 January meeting with Economics and Trade Minister Igor Dodon.

Jean-Didier Reigner leads a delegation on a two-day visit to Chisinau to participate in an extraordinary meeting of the Mobiasbanca Trade Bank, the main shareholder of which is Societe Generale.

The representative of the Societe Generale Group also said that the decision to enter the Moldovan market was taken "in the context of the successful economic reforms, implemented in Moldova, as well as the promotion of the investment policy of wooing foreign companies".

At the same time, Reigner stressed that so far, another five French companies have expressed their will to visit Moldova in order to identify potential investment sectors.

For his part, Minister Igor Dodon highlighted the Moldovan government's tendencies of stimulating the development of the domestic financial and banking market. "The presence of the Societe Generale Group will have a sensible impact on the development of the Moldovan banking sector and will increase the country's attractiveness for other foreign investors", the Economics and Trade Minister said.

The Societe Generale Group is one of the leaders in the financial services sector in Europe. In 2006, the group had a net banking income of 10.6 billion euros and a net profit of 4.4 billion euros.

In terms of turnover, the Societe Generale Group is the first retail bank in France, and on the international stage, it has 9.2 million clients in a system of 30 subsidiaries which cover 26 countries. Over the last years, the group has built a retail banking network in the Central and South-Eastern Europe, including in Romania, Bulgaria, Greece, Slovenia, Slovakia, the Czech Republic, Serbia and Russia, the Economics and Trade Ministry's public relations service has said.

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