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Societe Generale in Africa

A solid and historical presence

Over time

Agence Société Générale Casablanca Maroc - 1936.

Today, Societe Generale is today one of the most established international banks in Africa, but it is the result of a long history with the continent. 

Tunisia in 1956, Guinea in 1958, the rest of Sub-Saharan Africa in 1960 and, finally, Algeria in 1962: it was decolonisation time for France's African colonies. In accordance with the legislation of these newly independent countries, Societe Generale changed the status of its African operations by turning its network of branches into a network of subsidiaries. This is what happened with the Société Générale de Banque in Côte d'Ivoire, which was founded in November 1962 in partnership with the country's government and other international banks. The same process was followed in Senegal, Cameroon and Morocco (where the Group was already present in 1913). 

Societe Generale Group then underwent a second stage of development on the African continent at the end of the 1990s: Burkina Faso, Equatorial Guinea, Tunisia, Algeria, Madagascar, Chad, Benin and Ghana.

Following a phase of stabilization of the scheme on the continent, Societe Generale entered a new phase in its development, with the opening of Société Générale Togo and of Societe Generale Moçambique.

With this historical presence and geographic network, Societe Generale is one of the Top 3 international banks in Africa today.

Click here to view the list of countries where Societe Generale Group is present 

  

A strong network 

Due to its historical anchorage, but also thanks to recognized expertise, Societe Generale  is a leading bank in most African countries today, with large market shares (over 10% in more than half of the countries where the Group is present, and sometimes over 20%).

  • SGBCI, n°1 bank in the Ivory Coast and n°1 bank of the UEMOA zone
  • Société Générale Cameroun, n°1 bank in Cameroon
  • SGBS, n°2 bank in Senegal and n°1 in Investment Banking
  • Société Générale Algérie, n°1 privately-owned bank in Algeria
  • Société Générale Maroc, n°4 private capital bank and n°1 privately-owned banking group in Morocco with an international majority shareholder
  • SGBG, n°1 bank in Guinea