Societe Generale, a French multinational investment bank and financial services company, sold its unit in Moldova to OTP Bank, one of the largest independent financial services providers in Central and Eastern Europe. Financial terms were not disclosed. Philippe Heim, Deputy Chief Executive Officer of Societe Generale Group in charge of International Retail Banking activities, Financial Services and Insurance, commented: “Through the sale of Mobiasbanca, Societe Generale takes a further step in its” Transform to Grow” strategic plan by optimising capital and refocusing its international Retail banking activities on geographies where it has a critical size and high potential synergetic activities. We’re pleased to announce the signature of the cooperation agreement with OTP, which will allow us to provide mutual services to our corporate clients in the region”.