Société Générale

French banking group Societe Generale said yesterday it was ceasing activities in Russia and selling its majority stake in Rosbank, weeks after Ukraine's leader urged French firms to leave over Moscow's invasion of his country.

This represens an increase by 35.2 percent in comparison to 2017, the bank announced on Tuesday.

The French Societe Generale Banking Group is withdrawing from all countries in Central and Eastern Europe and is also selling its business in Bulgaria - Societe Generale Expressbank, Capital reported.

A number of local and global lenders have expressed interest in buying a majority stake in Turkey's Finansbank, which is now owned by Greece's leading lender, the National Bank of Greece (NBG). 

Greek deposit outflows slowed to 3 billion euros ($3.2 billion) in March, two people familiar with the matter said, suggesting the European Central Bank will need to keep drip feeding loans as talks on an economic accord sputter.