French bank Societe Generale is planning to sell its Polish unit Eurobank, which is encountering stiff competition. In Poland, Eurobank is the 17th largest and has assets of 3.3 billion euros and a net profit of around 24 million euros in 2017. Banking analysts said Societe Generale found it hard to get to the third position in Poland, which is it strategy in all the countries where it operates. The bank had said earlier it would dispose or close sub-scale entities that bring low synergies. The bank has strong market shares in Romania and Czech Republic, where it has also based its back office. BRD, which is owned by Societe Generale in Romania is the third largest bank in terms of assets in that country.
