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Subsidiary bank of Societe Generale to open 22 new offices in Russia

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Subsidiary bank of Societe Generale to open 22 new offices in Russia

Mortgage Bank DeltaCredit, incorporated in Societe Generale international financial group, plans to open 22 new offices in Russian cities and increase the number of its presence regions from 18 to 40, the President and Chairman of the bank’s Board, Michel Colbert, told reporters on Tuesday.


“Now, we will present in a much larger number of Russian regions from Vladivostok in the East to Murmansk in the North and Astrakhan in the South,” Michel Colbert stressed.

According to Deputy Chairman of DeltaCredit, Irina Aslamova, the new offices will be opened on the premises of the existing branches of Rosbank, which is also a part of Societe Generale group.

“We hope that in new offices alone we will issue mortgage loans in the amount of 5-6 billion rubles this year,” she said.

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