The Central Bank of Russia has given the go-ahead to the takeover of ROSBANK, the second biggest private bank in Russia by SOCIETE GENERALE. The French bank is expected to become the biggest foreign retail bank in Russia with a national network of almost 600 agencies and 2.9 million customers, including 7600 big companies and 59,000 SMEs. Last year, the net profit for ROSBANK increased by 24% to €109 million, for a net banking product of 556 million.