The FINANCIAL — Bank Republic officially introduced Mr. Christian Carmagnolle as the new Chief Executive Officer for Bank Republic, SOCIETE GENERALE Group. “Starting from 1st of December, Mr. Carmagnolle joins Bank Republic in very interesting and challenging role of the CEO substituting Gilbert Hie, the former CEO, who efficiently completed the 4-year mission term”, bank said in official statement.
“With the new CEO, BR will continue the implementation of the innovative strategy approach oriented on customer needs, their personal and business interests, with the significantly eased terms and conditions, ultimately leading to increase of the market share”, BR statement says.
Native French, born in Marseille, having the big family, Mr. Carmagnolle started to run BR with very solid and interesting background, rich experience in banking industry, entailed by the attractive challenges and perspectives. His very first career step in SG was undertaken in 1972, in corporate direction, being later promoted to Deputy Executive Director in SG affiliated Komercni Banka in Czech Republic.
Interested in the Georgian nature, culture, hospitality, having the soundest understanding of Societe Generale strategy and trends, very experienced in worldwide banking and financial industry, Mr. Carmagnolle feels very positive joining BR.
”He will fully support the implementation of SG plans and strategies in BR, promote and advance the BR place in the market, execute the important future initiatives, accelerate all the opportunities and goals for development and expansion and entirely support the innovations to additionally benefit the society”, statement reads.
“Bank Republic will continue its development according to the highest standards, being guided by the expectations and demands of our existing and potential clientele. We are here to design the most innovative ideas and create the most favorable products to support your dreams, plans and decisions. Looking at the red-and-black logo, always remember that this is your friend bank, and you are kindly and warmly welcomed here. We are ready, we can and we will do more and more each day for your welfare. Bank Republic is and will always be your reliable and trustworthy partner”, – quotes Mr. Carmagnolle.
Bank Republic is one of the leading commercial banks in georgia with rapid expansion of operations in Retail and Financial Services. Employing more than 1000 staff, serving its clients through 49 branches and service centers.
On 29th of September 2006 Bank Republic entered into agreement with Société Générale Group and EBRD on purchasing 60% and 10% of shares of BR respectively. In 2009, Société Générale raised its share to 80% in Bank Republic.
Société Générale Group
Established in 1864, Société Générale is the 7th largest French company by market capitalization and one of the leading financial services group in euro zone. The Group employs 163,000 people in 82 countries worldwide in three key businesses: Retail Banking & Financial Services, Global Investment Management & Services and Corporate & Investment Banking. The Group consistently delivers high profitability, operating efficiency and rigorous risk management.
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