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Societe Generale Acquires Part Of Jubanka’s Credit Portfolio

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Societe Generale Serbia has acquired the credit portfolio of Jubanka clients, the former Alpha Bank which since April 20017 has been fully owned by AIK Bank a.d. Beograd.

The credit portfolio, which is the subject of a contract between Societe Generale and Jubanka, covers housing and cash loans, credit cards for the public and loans approved for small and medium enterprises (SMEs).

Societe Generale Serbia is the third bank on the Serbian market in terms of credit volume and this acquisition confirms its strategy of further growth on the home market.

“Taking part of Jubanka’s credit portfolio is further confirmation of Societe Generale Serbia’s strategic commitment to consolidating its domestic business and contributing to the stability of the banking sector in Serbia”, said Maria Rousseva, president of the executive board of Societe Generale Serbia.

Societe Generale will contact former Jubanka clients and offer them all the help and support they need to continue using banking products and services at the highest level of quality. For more information, former Jubanka clients can also call 0800/333–339 or find further information at any Societe Generale branch.

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