Paris-Based Société Générale Continues Wholesale Microfinance Activity With an Eye on Equity Investments

Headquartered in Paris, the Société Générale Group is the 7th largest French company by market capitalization and employs over 100,000 employees in 76 countries worldwide. The organization has three core business areas: retail banking and financial services, global investment management, and corporate investment banking. At the end of 2005, Société Générale reported nearly EUR 400 billion under asset management.

Currently, Société Générale (SG) is engaged in the microfinance sector through wholesale lending (p.64) in Jordan, Morocco, Tunisia, Benin, Burkina Faso, Ghana, Madagascar, Senegal, Russia, and Romania. Société Générale partners with microfinance institutions (MFIs) in these countries by offering them loans on commercial terms. The total dollars invested in these wholesale microfinance activities ranges between $ 62.5 million and $125 million (p.64).
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