Following the strategic agreements signed between the Spanish BSCH - BANCO SANTANDER CENTRAL HISPANO and the SOCIETE GENERALE (see EU of 2 February), BANIF, 100% subsidiary of BSCH, bought the private banking activities of SOCIETE GENERALE in Spain. SG PRIVATE BANKING, the private banking division of SOCIETE GENERALE, in Spain it manages a volume of EUR 210.35 million of which 174.29 millions in asset management.