In an interview with Bloomberg's Stephanie Ruhle (@SRuhle), Societe Generale Chairman/CEO Frederic Oudea said he has had a 'good' experience doing business in Russia on a daily basis and wants to grow there by limiting risk.

Oudea also said:

• "Self-funded development" in Russia is key
• SocGen sees many clients going to Russia, wants to accompany them.
• Putin has been more rational than some people think.
• No reason for Russia to change rules of doing business in Russia.
• Talent must be rewarded, but people must be motivated by what they do [re: Banker's pay]
• Everyone is motivated by pay, but it can't just be pay, we must build a different culture.
• Barclays moving toward a SocGen model.

SocGen Wants 'Self-Funded' Growth in Russia: CEO