SG Group set for balance sheet growth in Gulf region | GulfNews.com:
"French banking behemoth Société Générale is ready to deploy more capital and resources in the Gulf region particularly in Dubai and Abu Dhabi, the bank’s Chairman and Chief Executive, Frédéric Oudéa told Gulf News in an interview.
“We are very committed to the region. The Gulf market is going to be a key component of our growth strategy. Dubai, Abu Dhabi and the rest of the GCC are very important in our plans for balance sheet expansion in this region,” said Oudéa.
Société Générale which cleaned up its balance sheet and built up strong capital buffers following the global financial crisis and European sovereign crisis said, it is ready to deploy capital in the Gulf region which has significantly higher economic growth compared to many countries across the world."
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