Finance
SocGen to close 101 branches in France in 2026, CGT union says
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Societe Generale will close 101 branches in France by 2026, as announced by the CGT union. This is part of an ongoing strategy following previous closures.
PARIS (Reuters) -Societe Generale, France's third-biggest listed bank, is poised to close 101 branches in the country next year, the CGT union said in an emailed statement on Wednesday.
The management of SocGen’s French retail division informed staff representatives of the plan, the CGT said. A SocGen spokesperson declined to comment.
SocGen has already closed about 600 of the nearly 2,100 branches it had in 2020 following the merger of its two French retail banking networks. It currently has about 1,450 branches in France.
(Reporting by Mathieu RosemainEditing by David Goodman)
Retail banking refers to the services provided by banks to individual consumers, including savings accounts, personal loans, and mortgages.
A branch closure occurs when a bank permanently shuts down a physical location, often due to financial restructuring or changes in consumer behavior.
Branch closures can lead to job losses for employees, as positions at the closed locations are often eliminated.
A bank merger is the combination of two or more banks into a single entity, often to increase efficiency and market share.
A bank spokesperson is an individual authorized to speak on behalf of the bank, providing information and addressing inquiries from the media and the public.
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