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

Montenegro , image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Mont ...

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

Podgorica Podgorica ( cnr-Cyrl, Подгорица; ) is the Capital city, capital and List of cities and towns in Montenegro, largest city of Montenegro. The city is just north of Lake Skadar and close to coastal destinations on the Adriatic Sea. Histor ...

''), 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 (Cyrillic: Даниловград) is a town in central Montenegro. It has a population of 6,852, according to the 2011 census. It is situated in the Danilovgrad Municipality which lies along the main route between Montenegro's two la ...

Cetinje Cetinje ( cnr-Cyrl, Цетиње, ) is a List of cities and towns in Montenegro, town in Montenegro. It is the former royal capital ( cnr-Latn-Cyrl, prijestonica, приjестоница, separator=" / ") of Montenegro and is the location of sev ...

Ulcinj Ulcinj () is a town in the Coastal Montenegro, Coastal region of Montenegro and the capital of Ulcinj Municipality. It has an urban population of 11,488. As one of the oldest settlements in the Adriatic Sea, Adriatic coast, it was founded in 5th ...

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

Budva Budva (Cyrillic script, Cyrillic: Будва, or ) is a town in the Coastal Montenegro, Coastal region of Montenegro. It had 27,445 inhabitants as of 2023, and is the centre of Budva Municipality. The coastal area around Budva, called the Budv ...

Kotor Kotor (Cyrillic script, Cyrillic: Котор, ), historically known as Cattaro (from Italian language, Italian: ), is a town in Coastal Montenegro, Coastal region of Montenegro. It is located in a secluded part of the Bay of Kotor. The city has ...

Tivat Tivat (Serbo-Croatian: Tivat/Тиват, ) is a town in Coastal region of 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. ...

Igalo Igalo (, ) 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 2011 Census, it has a population of 3,355. The town adjoins Herceg Novi and is adminis ...

Nikšić Nikšić (Cyrillic script, Cyrillic: Никшић, ), is the second largest city in Montenegro, with a total population of 32,046 (2023 census) located in the west of the country, in the centre of the spacious Nikšić field at the foot of Trebjesa ...

Kolašin Kolašin (Cyrillic script, 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, nam ...

Bijelo Polje Bijelo Polje (Cyrillic script, Cyrillic: Бијело Поље, ) is a town located in the Northern Montenegro, Northern Region of Montenegro, situated along Lim (river), Lim River. It has an urban population of 12,900 (2011 census). It is the ad ...

Berane Berane (Cyrillic: Беране) is a town in Montenegro in the northern region. It is former administrative centre of the Ivangrad District. The town is located on the Lim river. From 1949 to 1992, it was named Ivangrad ( cyrl, Ивангра ...

and

Rožaje Rožaje ( Bosnian: ''Rožaje''; , ; , ) is a town located in the Northern Region of Montenegro, situated along the Ibar river. The town is the cultural center of the Bosniaks in Montenegro. As of 2023, the town has a population of 13,608 inhabi ...

. In December 2005, French banking group

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

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. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by t ...

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

See also

References

Sources