The Societe Generale group has sold the company "Incouran"

Rosbank signed an agreement on the sale of its collection business - Incienne company to the Moscow Credit Bank. The transaction has not yet been approved by the regulator, but will be closed by the end of the year, follows from the message of Rosbank. Experts believe that the amount of the transaction could amount to 500-600 million rubles.

“Incrane’s sale” - an integral part of the strategic development plan in Russia, implemented by Societe Generale, are given the words of the chairman of the board of directors of Rosbank Didier the Wobble. - the Rosbank funds received from the sale of the asset will be used "for investment in the development of ... the most important areas of the bank’s business."

Russian "daughters" Societe Generale in the II quarter of 2015 received a net loss of 45 million euros against 15 million euros of profit for the same period last year, the group reports.

Rosbank is the only operational unprofitable “daughter” of a foreign bank in Russia following the results of the first half of 2015. In January-June, his net operational loss reached 7.6 billion rubles, Vedomosti said.

Buyer "Incranna" Moscow Credit Bank is one of the leaders of the capital's collection market, serving 1,000 customers and 38 circuit banks. “Incouran” is engaged in business not only in Moscow, and the ICD will allow to increase the share in the market.

The Societe Generale group announced plans to optimize costs in Russia in early 2015. In the first quarter, the group reduced 1000 employees in Russia, in the II quarter their number in Russian "daughters" decreased by another 1,200 people. The group planned to reduce business and staff in small cities and agricultural registers, where, according to the expectations of the bank, the profitability of the business will be reduced. The retail network has decreased from February from 585 offices to 500-510.