Slawomir Krupa, the CEO of Société Générale, has emphasized the critical importance of cross-border banking mergers in Europe, simultaneously issuing a sharp warning against clinging to purely national structures. Speaking to the Frankfurter Allgemeine Zeitung, Krupa stated, “Either we continue playing the national game, then we are finished. Or we must start realizing that Europe is the only viable option for us.” He argued that economic logic must take precedence in cross-border acquisitions. Furthermore, Krupa criticized any political resistance to cross-border transactions, noting that he also serves as President of the European Banking Association since February 2025. Fundamentally, he believes that integration is the sole path to securing international relevance, profitability, competitiveness, and growth for the continent.
On a related note, the CEO of Société Générale provided a positive interim assessment of the French banking giant’s transformation. He reported significant achievements, including strengthening the capital base and efficiency, cutting costs, and improving profitability. At the end of his first three years in office, the bank’s market capitalization had tripled.
Despite his advocacy for integration, Krupa also offered critical comments regarding European banking supervision. He called for more balanced rules and a stronger role for the European Central Bank during liquidity crises. Concluding his remarks, Krupa asserted that “If you want integration, you need a real Fed in Europe.”
