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Bucharest
September 24, 2021
BUSINESS

Societe Generale Securities Services Romania, authorized by EBRD as custodian bank

The Romanian structure of Societe Generale Securities Services (SGSS), operating within BRD which is a branch of Societe Generale, was authorized by the European Bank for Reconstruction and Development (EBRD) as custodian bank for Romania. “According to the authorizing contract, SGSS will provide other services with added value, such as discount for the stock exchange transactions and OTC (over-the-counter) on the Romanian bank, support for the local IPOs and the government bonds listed on the major market, services of operations with titles and of treasury managing derived from the custodian operations, “ reads a SGSS release. “EBRD will develop over the following years some projects allowing Romania to maintain its stability in the financial sector, supporting the development of the Romanian large businesses and of the SMBs. “ according to the release.

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