reuters this week that the groups russian subsidiary had a very strong liquidity position and was recording inflowssociete generalesociete generale started doing business in russia in 1872 then left the country in 1917 the year of the bolshevik revolution to return in 1973 it has 15 million local customerssociete generale which controls russian bank rosbank had 18 billion euros of overall exposure to russia at the end of last year or 17 of the group totalthat includes both on and offbalance sheet items for example a credit line that has not yet been tappedof socgens russian exposure 39 is to the corporate sector and 36 to retail sovereign entities account for 21 financial institutions for 4actual loans grew 133 last year to 105 billion eurosits russian retail business to which 105 billion euros of capital was allocated on average last year produced 115 million euros in 2021 net income up from 37 million euros in 2020 including financial services net income at sg russia was 152 million euros versus 76 million in 2020the bank said it had implemented measures to adapt to the new sanctions and that rosbank continued to operate in a safe mannerunicreditthe italian banks russian subsidiary ranks as the countrys 14th largest bank unicredit russias 23 billion euros in equity accounts for 37 of the groups totalunicredits exposure at default relating to russia totalled 142 billion euros as of mid2021of that around 8 billion euros are loans extended by the russian arm and locally fundedthe rest includes offbalance sheet items and crossborder loans mainly granted by unicredit spa towards large corporates outside of russiaunicredit said last week its russian franchise accounted for only around 3 of group revenues and provisions covered 84 of its nonperforming exposuresintesa sanpaoloitalys biggest bank has financed major investment projects in russia such as the blue stream gas pipeline and the sale of a stake in oil producer rosneft it handles more than half of all commercial transactions between italy and russiaintesas loan exposure to russia was 557 billion euros at the end of 2021 or 11 of the totalits subsidiaries in russia and ukraine have assets respectively of 1 billion euros and 300 million euros which together represent just 01 of the groups total assetsingthe dutch bank has around 45 billion euros in outstanding loans with russian clients and around 600 million euros with clients in ukraine out of a total loan book worth more than 600 billion eurosing said many sanctions against russia had been in place since 2014