VOL. XLIII
No. 15
10-April-2000
ALGERIA
Societe Generale Sets Up Retail Banking Subsidiary In Algeria
Societe Generale Banking Group announced on 3 April that it had opened up a subsidiary in Algiers Societe Generale Algerie. According to a statement released by the bank, Societe Generale holds 61% of the capital, the International Finance Corporation 10% and FIBA, a holding company majority-owned by European, Algerian and US investors, the remaining 29%.
The subsidiary will focus initially on...
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