Societe Generale

The Greek ministry of development on Thursday approved the merger of Piraeus Bank and Geniki Bank, with the former fully absorbing the latter following a decision by both lenders’ boards of directors.

Bulgaria is seeking to raise some EUR 1.3 B in new loans from foreign banks by end-2014 to finance budget deficit and provide liquidity support to banks, Reuters reported on Tuesday.

BELGRADE - The Serbian government efforts focused on the modernisation of the economy and society have to be raised, and a new arrangement with the IMF would help gain trust from investors for new ventures in Serbia, President of the Board of Directors of Societe Generale Srbija Goran Pitic has said.

PARIS, BELGRADE - Serbian Prime Minister Aleksandar Vucic arrived on a one-day visit to France on Thursday during which he met with the officials of largest French companies gathered in the company network MEDEF (Mouvement des Entreprises de France).

The creditors of Bulgaria's State Railways (BDZ) will most likely sell of the company's most valuable assets, said Transport Minister Danail Papazov. 

BELGRADE - Erste Bank has the highest unauthorized overdraft interest rate, 81.56 percent, of all the Banks in Serbia, while Dunav banka has the lowest, 16.34 percent, the National Bank of Serbia (NBS) has said.