Societe Generale Expressbank Ranked 1st in Euromoney Cash Management Non-Financial Survey 2012

Finance | October 23, 2012, Tuesday // 12:23|  views

Societe Generale Expressbank was ranked 1st in Bulgaria in Euromoney's Cash Management Non-Financial Survey 2012.

The bank has climbed with 1 rank as compared to the results in 2011. This is the third award that the Bank gets by Euromoney in 2012, following the "Best bank in Bulgaria 2012" and "Leader in FX transactions 2012".

The cash management services that Societe Generale Expressbank offer were assessed by leading international and Bulgarian companies, during the period May-July 2012.

"For two years in a row, Societe Generale Expressbank has been steadily climbing in Euromoney's ranking, starting from the 3rd position in 2010, 2nd in 2011 and reaching the 1st place in 2012. This award is a result of our team's persistent efforts to excel in supporting our customers with tailor-made financial solutions and constantly provide product development to deliver quality advice and adequate support", commented Maria Rousseva – Executive Officer of Societe Generale Expressbank.

Each year the leading financial magazine polls cash managers, treasurers and financial officers worldwide. Respondents are asked to indicate which banks they use most for their cash management services and to rate them.

International Cash Management providers are then evaluated and ranked at global, regional and country level. This year Euromoney received 31,608 replies to the survey in total - an increase of 33% on the previous year. Euromoney's survey is quoted as the most comprehensive guide to the cash management arena in the market.

Please click here for more information on the Cash-management survey results:

Societe Generale Expressbank Group is one of the top ten leading financial institutions in Bulgaria. It is composed by the bank Societe Generale Expressbank and its subsidiary companies - Sogelease Bulgaria, Societe Generale Factoring and its associate life insurance company Sogelife Bulgaria.

Together with its 1500 employees, Societe Generale Expressbank aims to offer customers comprehensive, flexible, high quality, innovative products and services on advantageous price conditions.

The bank has received various prestigious awards amongst which "Best Bank in Bulgaria" for 2012 by the international financial magazine Euromoney. Societe Generale Expressbank received also confirmation from Fitch Ratings - 'BBB+' with positive outlook, which is the highest rating, given from Fitch to a financial institution in Bulgaria.

_ 99,74% of the capital is property of Societe Generale Group;

_ BGN 52 M Net profit of Societe Generale Expressbank as for 2011;

_ BGN 173.2 M Net banking income as for 2011;

_ BGN 3.5 B Total assets as for 2011

_ 150 sales points;

_ More than 360 000 clients.


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Tags: societe generale, Societe Generale Expressbank, Societe Generale SA, loan, credit, bank, banking, Euromoney, Maria Rousseva


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