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Get to know Societe Generale Factoring

 

 

In 2018, CGA (Compagnie Generale d’Affacturage) changes name to Societe Generale Factoring.


On June 28, 2018, Compagnie Generale d’Affacturage (CGA), a wholly-owned subsidiary of Societe Generale dedicated to factoring, became Societe Generale Factoring. By adopting the Societe Generale Factoring branding, the Group’s factoring subsidiary strengthens its position within Societe Generale.  Societe Generale Factoring aims to continue to grow and strengthen its position as a key player in the sector.


Societe Generale Factoring specialises in the field of B2B credit (sales ledger finance, management and collection of receivables and guaranteeing against default), and is also a universal factor.

Societe Generale Factoring has developed a wide range of products to meet the needs of large companies, small businesses, SMEs and organizations, nationally and internationally.

Our range of products has been adapted and distributed among the networks of Societe Generale, Crédit du Nord, Credit Mutuel Arkea, through a partnership with BFCOI on the Reunion Island, and via our broker partners.


With a portfolio of more than 6,200 clients and a double-digit growth, Societe Generale Factoring assists clients in major international markets through the global network of Societe Generale Group in the main countries of Europe, Africa, Asia-Pacific and the Middle East.

The company has expanded internationally, via the network of Société Générale subsidiaries and thanks to its membership withFCI (Factors Chain International).

Societe Generale Factoring is a French-law joint stock company (société anonyme) with capital of €14,400,000. It has been a 100% subsidiary of the Société Générale Group since 1974.

 

About Societe Generale: More than 147,500 employees in 67 countries to serve 31 million customers around the world every day.

Societe Generale is one of Europe’s leading financial services groups. Based on a diversified model of universal banking, the Group combines financial solidity and sustainable growth strategy with the ambition of being the relational bank, referent on its markets, close to its customers, chosen for quality and commitment of its teams.

Societe Generale teams offer advice and services to individuals, businesses and institutions in three main businesses:

– retail banking in France with Societe Generale, Crédit du Nord and Boursorama;
– retail banking and international financial services, bringing together international retail networks, services and insurance, present in Central and Eastern Europe and Russia, in the Mediterranean basin, in Africa
sub-Saharan Africa, Asia and Overseas;
– the Financing and Investment Bank, including market activities, private banking, asset management and
investor services.

For more information, visitsocietegenerale.com

 

 

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