ECONOMY

SocGen able to cope with ‘extreme scenario’

Societe Generale SA would be able to absorb even an ?extreme scenario? in Greece, Chairman and Chief Executive Officer Frederic Oudea said Tuesday.

Societe Generale?s exposure in Greece includes about 300 million euros in capital and hybrid debt funding its Athens-based consumer-banking unit Geniki, he said.

Societe Generale also has about 100 million euros in remaining holdings of Greek sovereign debt, Oudea told shareholders at their annual meeting in Paris.