The general director of Société Générale, Slawomir Krupa, estimated on Wednesday that “the probability of a large-scale cross-border operation in Europe” involving the banking group was “zero”, to date, in response to a controversy launched by remarks by Emmanuel Macron.

Asked last week by the American channel specializing in finance Bloomberg TV on a fictitious example of the first Spanish bank Santander wishing to buy Société Générale, the president then replied that “this is part of the market, but acting as Europeans means needing consolidation as Europeans. The president “was speaking on a question of European policy, it seems to me that it is within his mandate,” assured Slawomir Krupa during the bank’s general meeting.