Societe Generale estimates Greek exposure at euro 3bil

PARIS: French bank Societe Generale SA says its exposure to Greece's government debt is euro3 billion and it has tightened credit at its Greek banking subsidiary in response to the financial crisis there.

The Paris-based bank said in a statement Wednesday that the financial crisis had hurt the performance of its majority-owned Geniki Bank Greek subsidiary in the first quarter, and that it was tightening loan approval conditions there among other precautionary measures.