Societe Generale Cyprus

Description:

Société Générale Cyprus was one of the original international banking units to settle in Cyprus. Our presence on the island commenced in 1985 as a partnership between Société Générale, the Sehnaoui Group of Lebanon and the Belgian Générale de Banque. In 1991, Société Générale purchased the Belgian Générale de Banque’s shares, increasing its participation to 51%. Since January 1st 1993, we have adopted the name of our French parent company, Société Générale as we prepared to adapt the international retail banking model to the Cypriot market. SGC has recently obtained a license to become a full local bank, meaning that we can now also cater for residents in addition to non-resident clientele. This exciting prospect means that SGC will be the first truly International financial institution to enter the local Cyprus market. Our strategic position on the island allows us to serve an extensive range of clients, by taking advantage of our broad network of 1300 branches across 80 countries worldwide. Société Générale Cyprus’ location at the crossroads of Europe, the Middle East and North Africa, allows a plethora of prospects in the region and beyond. We have commenced our venture to serve the local market by opening two modern branches in the heart of Nicosia and Limassol. Our presence as a fully operating local branch will bring new prospects to the local clientele, as Cyprus joins Europe in May 2004. The bank’s ability to meet its customers’ specific requirements will be reinforced with the opening of new branches in Larnaca and Paphos in the course of 2004, hence reaching out to all corners of the island. The branches will offer services to both resident and non-resident clientele in all fields of financial services, ranging from retail banking to private banking and much more. The central location of the branches is easily accessible, making it easy for customers to visit our branches at any given time.