Societe Generale has confirmed that the negotiations were at an advanced stage and that both parties are yet to finalize the terms and conditions of the deal, while no concrete decision has been taken.
Purchased in 2004, Geniki is being prepared to be disposed by Societe Generale as the bank failed to meet its expectation, said the bank.
The deal is subject to approval from the Greek government and other regulators before completion.
Most recently, the Greek lender acquired Agricultural Bank of Greece.
