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Societe Generale Banka Montenegro A.D.

Summary

Company ID (NIN)

02136228

Company owner / manager

  • Societe Generale SA
  • Others

Country

Montenegro

Capital

24,731,000

Total assets

530,459,000

Net profit for the period

10,658,000

Report year

2018

Currency

EUR

Industry

Banking

General information

About Societe Generale Banka Montenegro A.D.

Societe Generale Banka Montenegro A.D. is the Montenegrin unit of French bank Societe Generale SA. As of January 2019, the bank was the third largest local bank in terms of total assets.


Last updated on May 29, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
June 25, 2001
NIN
02136228
Tickers
Stock Exchange
ISIN
MEPOBARA1PG4
Profile last updated
June 13, 2019, 3:04 p.m.
Alternative names

    Societe Generale Banka Montenegro JSC

History

    1904 - Savings bank Prva Zetska Stedionica is set up in Podgorica, the capital of Montenegro.

    1906 - Prva Zetska Stedionica renames to Podgoricka Banka.

    June 25, 2001 - State-owned Podgoricka Banka transforms into joint stock company Podgoricka Banka A.D. The Central Bank of Montenegro granted a universal banking licence to Podgoricka Banka on November 21, 2001.

    Mar 1, 2002 - Podgoricka Banka lists its shares on the New Stock Exchange of Montenegro (NEX).

    July 7, 2004 - The bank starts trading on the Montenegro Stock Exchange.

    Apr 15, 2005 - The International Finance Corporation (IFC), the World bank's private investment arm, completes the acquisition of 10% in Podgoricka Banka for EUR 3.0 mln by swapping it for 80% of Montenegro's debt. IFC also committed to grant some EUR 5.0 mln to the bank to stimulate its lending activities.

    June 2005 - The Government of Montenegro puts up for sale its 64.25% stake in Podgoricka Banka, together with the 10% stake of IFC and 9.07% owned by state-controlled Montenegrin companies.

    Oct 25, 2005 - French bank Societe Generale SA acquires 64.44% in Podgoricka Banka for EUR 14.2 mln and a pledge to allocate further EUR 40 mln for restructuring the bank. The bank renames to Podgoricka Banka Societe Generale Group A.D.

    November 2005 - Societe Generale purchases another 10% in Podgoricka Banka through NEX for EUR 2.2 mln.

    May 25, 2012 - The bank changes its name to Societe Generale Banka Montenegro A.D.

    May 2019 - Montenegro's Central Bank approves the acquisition of Societe Generale Banka Montenegro A.D. by Crnogorska Komercijalna Banka A.D.

     

    Last updated on May 29, 2019.

Management

Board of Directors
Jean Philippe Guillaume
Member of the Board
Sonja Miladinovski
Member of the Board
Verica Maras
Member of the Board
Milorad Katnic
Chairman of the Board
Alexis Antoine Francois Jean
Chairman of the Board
Executive Board
Radule Raonic
Executive Officer
Marina Banovic
CEO
Radule Raonic
CEO

Contacts

Address
17, Revolucije Blvd.
81000
Podgorica, Montenegro
Telephones

+382 20 415 500

Fax

+382 20 415 500

Emails

info.sgme@socgen.com

Websites
www.societegenerale.me

Ownership

Name Direct holding Indirect holding Owner type Country
Societe Generale SA 90.56 Company France
Others 9.44 Other

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Societe Generale Banka Montenegro A.D. provides financial products and services to individuals and corporate customers:

  • Individual clients:
    • Loans, including consumer, mortgage and energy efficiency loans, as well as overdrafts;
    • Credit and debit cards;
    • Deposits;
    • Current and saving accounts;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Utility bill payment services;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Collection services;
    • Personal safes and safety deposit boxes.
  • Small and medium enterprises and corporate clients:
    • Loans, including investment and working capital loans, capital and money market financing and financing under EU programmes;
    • Deposits;
    • Debit and credit cards;
    • Current and saving accounts;
    • Money transfer;
    • Documentary services;
    • Online banking;
    • Investment schemes;
    • Mobile consultancy and banking services.
  • Institutional clients:
    • Financing to municipalities;
    • Financing to EU programmes and projects;
    • Accounts;
    • Online banking.

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