The organisation said it is “reinforcing its offering and its teams in order to provide wealth management clients with access to additional high added-value services and advice for the management, protection and transmission of their wealth”.

Clients of SKB will be served by staff working from a private banking centre in Ljubljana, Societe Generale sai din a statement.

Initiated in 2010 with Komercni Banka in the Czech Republic and followed by Societe Generale’s subsidiary in Morocco in 2013 and in Serbia in 2016, Slovenia is another step for the French parent bank’s strategy to work through partnerships between its overseas retail banking network and its private bank.