Societe Generale Announces Rosbank Sale to Interros and Continuity Plans
Societe Generale, the French banking group, has confirmed the sale of Rosbank to the Interros Group. The move marks a strategic shift in the bank’s ownership while preserving Rosbank’s operational continuity and client services. Rosbank will carry on its day‑to‑day operations as usual, supported by a balanced loan portfolio and a diverse liquidity base. Robust risk management and cyber security measures are in place to safeguard business continuity, and Rosbank remains compliant with all applicable regulatory requirements. The sale agreement solidifies Rosbank’s status as an exclusive partner to Societe Generale during the transition and beyond. Interros is expected to maintain continuity in leadership, with Ilya Polyakov continuing as head of Rosbank, ensuring a stable handover for customers and staff alike. This framework aims to sustain ongoing client relationships while unlocking future growth opportunities for Rosbank under new ownership. Interros Group will work to integrate Rosbank into its broader strategy, focusing on serving existing clients and expanding services in the region. The overarching objective is to preserve trust, deliver consistent service, and leverage Rosbank’s market position to drive development in line with regulatory expectations and industry best practices. Rosbank has emphasized its commitment to uninterrupted service, citing its long‑standing client base and prudent governance as foundations for continued success. In related remarks, a former Russian finance official noted that sanctions have influenced BRICS to explore independent financial messaging systems, a development discussed in the context of regional financial resilience and strategic autonomy. [TASS]