FINANCING ECONOMIC DEVELOPMENT As a key player in the economic boom that resulted from the industrial revolution and international free trade, over the years Societe Generale has financed infrastructure projects that stand as landmarks of a new era: railroads, the Paris metro and the Eiffel Tower in France, as well as international projects such as the Trans-Siberian Railway and the Panama and Suez canals. Societe Generale has supported the creation and development of new economic success stories in France - the Compagnie Générale d'Électricité, the Société Industrielle des Téléphones (now known as Alcatel), the Say refineries, the Compagnie Générale des Eaux, etc. - often by investing in their capital. Like its major customers, Societe Generale went international very early on: in the 1870s, it was one of the first French banks to set up operations in London and Russia, where it became a major retail bank at the start of the 20th century. ENTREPRENEURIAL SPIRIT 31 I SOCIETE GENERALE 2013-2014 www Read more www.societegenerale.com
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