Societe Generale bank Montenegro (full name: Societe Generale Montenegro AD, MNSE
POBA
was a bank operating in

Montenegro ) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = M ...

. Founded in 1906 as ''Podgorička banka'' (''Bank of

Podgorica Podgorica (Cyrillic: Подгорица, ; lit. 'under the hill') is the capital and largest city of Montenegro. The city was formerly known as Titograd (Cyrillic: Титоград, ) between 1946 and 1992—in the period that Montenegro form ...

''), it offered services in corporate and retail banking. The bank provides a range of depository and lending services, which include checking accounts, savings accounts, money market accounts, commercial loans, consumer loans and construction, mortgage loans, safety deposit boxes, VISA credit cards, Western Union services and an ATM network. The bank conducted its services through a network of 20 branches - seven in and around

, as well as one in each of the following towns:

Danilovgrad Danilovgrad ( cnr, Даниловград) is a town in central Montenegro. It has a population of 6,852 (2011 census). It is situated in the Danilovgrad Municipality which lies along the main route between Montenegro's two largest cities, Podgori ...

, Cetinje,

Ulcinj Ulcinj ( cyrl, Улцињ, ; ) is a town on the southern coast of Montenegro and the capital of Ulcinj Municipality. It has an urban population of 10,707 (2011), the majority being Albanians. As one of the oldest settlements in the Adriatic co ...

Bar Bar or BAR may refer to: Food and drink * Bar (establishment), selling alcoholic beverages * Candy bar * Chocolate bar Science and technology * Bar (river morphology), a deposit of sediment * Bar (tropical cyclone), a layer of cloud * Bar (u ...

Budva Budva ( cnr, Будва, or ) is a Montenegrin town on the Adriatic Sea. It has 19,218 inhabitants, and it is the centre of Budva Municipality. The coastal area around Budva, called the Budva riviera, is the center of Montenegrin tourism, kn ...

Kotor Kotor ( Montenegrin Cyrillic: Котор, ), historically known as Cattaro (from Italian: ), is a coastal town in Montenegro. It is located in a secluded part of the Bay of Kotor. The city has a population of 13,510 and is the administrative ...

Tivat Tivat (, ) is a coastal town in southwest Montenegro, located in the Bay of Kotor. , its population was 9,367. Tivat is the centre of Tivat Municipality, which is the smallest municipality by area in Montenegro. Name In Serbian and Montenegrin l ...

Igalo Igalo ( cnr, Игало, sr, Игало) is a small town in the Herceg Novi Municipality of Montenegro. It is accessible via the E65/ E80 north headed to Dubrovnik, Croatia. According to the 2003 Census, it has a population of 3,754. The town adj ...

Nikšić Nikšić ( cnr, Никшић, italic=no, sr-cyrl, Никшић, italic=no; ), is the second largest city in Montenegro, with a total population of 56,970 located in the west of the country, in the centre of the spacious Nikšić field at the foot ...

Kolašin Kolašin (Montenegrin Cyrillic: Колашин, ) is a town in northern Montenegro. It has a population of 2,989 (2003 census). Kolašin is the centre of Kolašin Municipality (population 9,949) and an unofficial centre of Morača region, named af ...

Bijelo Polje Bijelo Polje ( cnr, Бијело Поље, ) is a town in northeastern Montenegro on the Lim River. It has an urban population of 15,400 (2011 census). It is the administrative, economic, cultural and educational centre of northern Montenegro. ...

Berane Berane ( cyrl, Беране) is one of the largest towns of northeastern Montenegro and a former administrative centre of the Ivangrad District. The town is located on the Lim river. From 1949 to 1992, it was named Ivangrad ( cyrl, Иванг� ...

and

Rožaje Rožaje ( cnr, Рожаје, bs, Rožaje), ; sq, Rozhajë) is a town in northeastern Montenegro. As of 2011, the city has a population of 9,567 inhabitants. Surrounded by hills to its west and mountains to its east (notably Mount Hajla), the ...

. In December 2005, French banking group

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

acquired a majority stake in ''Podgorička banka'' for

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists ...

14 million. The bank has changed its name to ''Societe Generale Bank Montenegro'' on May 25, 2012. In February 2019, ''Societe Generale Montenegro'' was sold to OTP Bank (Hungary) and became ''Podgorička banka''. On December 11, 2020, the final absorption of Podgorička banka by Crnogorska komercijalna banka is effective, thus combining the two Montenegrin subsidiaries of the OTP group into a single entity.

References

Sources

Official Site
* ttps://web.archive.org/web/20080619145840/http://www.njegoskij.org/article68.html Njegoskij Fund Network: Diplomatic clippings on the acquisition of Podgoricka Banka a.d.br>Njegoskij Fund Network: Official report on the privatization of Podgoricka Banka a.d.
Banks of Montenegro Banks established in 1906 Société Générale 1906 establishments in Montenegro Croatia–France relations Foreign relations of Croatia Foreign relations of France {{foreignrelations-stub