Société Générale: agreement for disposal of SKB Banka
(CercleFinance.com) - Société Générale announced late on Friday that it has signed an agreement for the disposal of SKB Banka (Slovenia), and its subsidiaries, to OTP Bank.
This disposal is set to be finalised in the next few months.
"The sale of SKB Banka is expected to have a positive impact on the Group's CET1 ratio of around 7 basis points and to reduce the Group's risk weighted assets by around EUR 2.3 billion. This transaction will also have a negative impact of EUR 67 million on the Group's first-half 2019 results, due to goodwill impairment," the group said.
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