Societe Generale Expressbank will be acquired by DSK Bank. The transaction, which has been known for months, was officially confirmed by the owners of the two institutions – the French Societe Generale and the Hungarian OTP. The price is not reported, as the expectations of both parties are that the transfer will be finalized in the last quarter of 2018 after regulatory approvals have been obtained. The French group’s announcement does not mention a price but only that the sale is expected to have a positive effect on CET1, which will rise by about 12 basis points and the group’s risk-weighted assets will fall about 3 billion euros.