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QNB takes over SocGen's Egyptian unitQatar National Bank (QNB) Group said it has completed the acquisition of a controlling stake of 97.12 per cent in National Société Générale Bank - Egypt (NSGB), a unit of top French lender Societe Generale. More… |
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QNB eyes Turkish buys after SocGen dealQatar National Bank, which is buying Societe Generale's Egypt arm for $2 billion, is looking at taking a majority stake in one of Turkey's top ten lenders, its chief financial officer said on Thursday. QNB, which bid to bu More… |
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Qatar gives SocGen an honourable exit from Egypt(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) Qatar has given Societe Generale an honourable exit from Egypt. State-backed Qatar National Bank will buy the French bank's 77 percent stak More… |
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SocGen sells Egypt arm to QNB for $2bnSociete Generale will sell its majority stake in Egypt's National Societe Generale Bank to Qatar National Bank for $2 billion, as part of the French bank's bid to meet new capital requirements. More… |
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SocGen nears sale of Egypt arm to QNBSociete Generale is close to reaching a final agreement on selling its majority stake in its Egyptian banking arm to Qatar National Bank (QNB), sources aware of the matter said on Monday. The Qa More… |
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Egypt's banks ‘ripe for picking’(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) With a political transition in full swing and a pledge from the president not to devalue the pound, a number of banks in Egypt could soon change hand More… |
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Europe gas demand seen below 2008 until 2017European gas demand will remain below 2008 levels until 2017 and the weak outlook could force suppliers like Russia's Gazprom and Norway's Statoil to reduce their gas prices, French bank Societe Generale said on Tuesday. SocGen said in a r More… |
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Moody's cuts SocGen, CreditAgricole ratingsMoody's Investors Service on Wednesday downgraded two of France's top banks, Societe Generale and Credit Agricole, in a new blow to efforts by European policymakers to restore market confidence in the region. The ratings agency said More… |
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World shares tumble again on French jittersGlobal stocks slumped again on Wednesday as the appetite for risk evaporated, with worries about Europe's debt problems coming to the fore in the face of rumours about possible trouble at French banks and continuing fear of another recession. More… |
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SocGen profit hit by Arab world unrestSociete Generale, France's second-biggest listed bank, posted lower than expected first-quarter results on Thursday after a markdown on its own debt and turmoil in the Arab world ate into profits. The bank is among t More… |
