Societe Generale Bank Montenegro in Podgorica and Beyond

Societe Generale Bank Montenegro has a significant presence in Podgorica, the capital city of Montenegro. The bank operates a number of branches in the city.

The bank's services are not limited to Podgorica, as it also has a presence in other major cities across Montenegro.

Societe Generale Bank in Montenegro was founded in 1906 as Podgorička banka, which is the Bank of Podgorica. It was initially a small bank with limited services.

The bank expanded its services over the years to include a wide range of depository and lending services. These services include checking accounts, savings accounts, money market accounts, commercial loans, consumer loans, and construction and mortgage loans.

Societe Generale acquired a majority stake in Podgorička banka in December 2005 for €14 million. This marked a significant turning point in the bank's history, as it began to operate under the Societe Generale brand.

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Societe Generale Bank in Montenegro has a rich history dating back to 1906 when it was founded as Podgorička banka, or Bank of Podgorica.

The bank's early services included corporate and retail banking, with a range of depository and lending services offered to customers.

In 2005, French banking group Société Générale acquired a majority stake in Podgorička banka for €14 million.

By 2012, the bank had changed its name to Societe Generale Bank Montenegro.

Societe Generale Montenegro operated through a network of 20 branches across Montenegro, including seven in and around Podgorica.

In 2019, the bank was sold to OTP Bank (Hungary) and became Podgorička banka once again.

The final absorption of Podgorička banka by Crnogorska komercijalna banka took place in December 2020, combining the two Montenegrin subsidiaries of the OTP group into a single entity.

Societe Generale Bank in Montenegro offers a range of services and products to its customers.

You can manage your finances with ease using their online banking platform, which allows you to check your account balance, make transactions, and pay bills.

Their mobile banking app is also available for download, providing you with 24/7 access to your accounts.

Societe Generale Bank in Montenegro provides a variety of credit cards, including cashback, rewards, and travel cards.

Their loan products include personal loans, car loans, and mortgages, which can be applied for online or in-branch.

Societe Generale Bank in Montenegro also offers investment services, including brokerage accounts and investment portfolios.

Their expert advisors can help you make informed investment decisions and manage your wealth.

Societe Generale Bank in Montenegro has a wide network of branches and ATMs across the country, making it easy to access your money.

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CKB purchased 90.55% of Societe Generale Montenegro's shares in a block transaction valued at 35.629.692,37 euro, or 406.72 euro per share.

The Central Bank of Montenegro approved the merger of Crnogorska komercijalna Bank and Societe Generale Montenegro Bank in May this year.

Societe Generale Bank Montenegro had a market share of 11.5%, making it the fourth-largest bank in the Montenegrin market.

CKB plans to offer redemption of its shares to all remaining minority shareholders, in accordance with the law and secondary legislation.

The merger was also approved by the Competition Protection Agency, who provided a positive opinion on the request for merging the two banks.