The present name,
Societe Generale Ghana Limited, was adopted in 2013 ten years after Societe
Generale bought controlling interest in the bank. SG Financial Services Holding, a wholly-owned
subsidiary of Societe Generale (France), controls 56.7% of the bank at present.
Societe Generale (France), one of the foremost global financial institutions,
has presence in 66 countries including 18 African countries.
Operations
are being streamlined to improve efficiency. Corporate banking remains the
bank's forte. The
bank's fundamentals have not deteriorated.
Gross revenue has been growing at a compound rate of 27% over the past
three years.
Also, the bank is
adequately capitalised and generates free cash flow for shareholders. A value between GH¢1.8 and GH¢2.6 per share was
estimated for the bank.
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