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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 read

Last updated: March 1, 2026

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SocGen to close 101 branches in France in 2026, CGT union says - Finance news and analysis from Global Banking & Finance Review

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Quick Summary

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.

Societe Generale Plans to Shut Down 101 Branches in France by 2026

Societe Generale's Branch Closure Strategy

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.

Impact on Employees

The management of SocGen’s French retail division informed staff representatives of the plan, the CGT said. A SocGen spokesperson declined to comment.

Historical Context of Branch Closures

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)

Key Takeaways

•Societe Generale plans to close 101 branches in France by 2026.
•The CGT union announced the closure plan.
•SocGen has closed about 600 branches since 2020.
•The bank currently operates 1,450 branches in France.
•A SocGen spokesperson declined to comment on the closures.

Frequently Asked Questions about SocGen to close 101 branches in France in 2026, CGT union says

1What is retail banking?

Retail banking refers to the services provided by banks to individual consumers, including savings accounts, personal loans, and mortgages.

2What is a branch closure?

A branch closure occurs when a bank permanently shuts down a physical location, often due to financial restructuring or changes in consumer behavior.

3What is the impact of branch closures on employees?

Branch closures can lead to job losses for employees, as positions at the closed locations are often eliminated.

4What is a bank merger?

A bank merger is the combination of two or more banks into a single entity, often to increase efficiency and market share.

5What is a bank spokesperson?

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.

Societe Generale's Branch Closure Strategy

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.

Impact on Employees

The management of SocGen’s French retail division informed staff representatives of the plan, the CGT said. A SocGen spokesperson declined to comment.

Historical Context of Branch Closures

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)

Frequently Asked Questions

1What is retail banking?

Retail banking refers to the services provided by banks to individual consumers, including savings accounts, personal loans, and mortgages.

2What is a branch closure?

A branch closure occurs when a bank permanently shuts down a physical location, often due to financial restructuring or changes in consumer behavior.

3What is the impact of branch closures on employees?

Branch closures can lead to job losses for employees, as positions at the closed locations are often eliminated.

4What is a bank merger?

A bank merger is the combination of two or more banks into a single entity, often to increase efficiency and market share.

5What is a bank spokesperson?

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.