PARIS, (Reuters) – Societe Generale said Wednesday it closed Rosbank’s sale to Interros. The Interros group is a Russian oligarch linked to Vladimir Potanin. It will cause a net income loss of 3.2 billion euros ($3.35 billion).

The sale has an impact on the changes in the foreign exchange rate since April 11th, when it was first announced.

According to the statement, it will be reported in the second quarter 2022.

The residual effect of the change is approximately minus 7 percentage points to the capital ratio. On March 31, Societe Generale’s CET 1 ratio was 12.9%, or around 370 basis points above the regulatory requirement.

($1 = 0.9546 euros)