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SocGen Eyes Sustainable Finance in India

SocGen Eyes Sustainable Finance in India

(17 June 2021 – India) Societe Generale plans to expand into sustainable energy, transaction banking and trade finance in India, providing funding for local companies and developing their businesses in Africa and central Europe.

“We really want to expand,” said Societe Generale chief executive officer in India and chief country officer Toby Lawson. “There is a massive opportunity in India to develop and finance renewable energy.”

The lender will continue to develop its structured finance business, focusing on areas of energy transition, infrastructure, healthcare, technology and data, Lawson said.

The bank also plans to hire for capital markets, transaction banking and for its advisory business, he said, without giving details.

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