PODGORICA (Montenegro), July 26 (SeeNews) – Crnogorska Komercijalna Banka, the Montenegrin unit of Hungarian financial services group OTP, has changed the name of Societe Generale Banka Montenegro it acquired, the Montenegro Stock Exchange said.
The new name of Societe Generale Banka Montenegro is "Podgoricka banka AD Podgorica, Member of OTP Group", the Montenegro Stock Exchange said in a notice on Thursday.
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Last week, Crnogorska Komercijalna Banka completed the acquisition of a 90.55% stake in Societe Generale Banka Montenegro for 35.6 million euro ($39.6 million) and said it plans to soon launch a buyout bid for the 9.4% stake it still does not own.
($ = 0.897962 euro)
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