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SocGen's BoursoBank Targets Doubled Client Base
30 Apr
Summary
- BoursoBank aims to more than double its client base.
- The online bank targets 20 to 25 million clients long-term.
- BoursoBank contributed 92 million euros to profit last quarter.
Societe Generale's digital banking arm, BoursoBank, is poised for significant expansion, with CEO Slawomir Krupa expressing confidence in its growth potential.
The bank, which currently serves 8.9 million clients as of late March, anticipates its user base could eventually reach 20 to 25 million.
This ambitious target highlights BoursoBank's strategic importance within the group. In the first quarter, the online bank proved its financial strength by contributing 92 million euros to Societe Generale's overall net profit.
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