Societe Generale bank Montenegro (full name: Societe Generale Montenegro AD, MNSE: POBA) was a bank operating in Montenegro. Founded in 1906 as PodgoriÃÂka banka (Bank of Podgorica), 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 Podgorica, as well as one in each of the following towns: Danilovgrad, Cetinje, Ulcinj, Bar, Budva, Kotor, Tivat, Igalo, Nikà ¡iÃÂ, Kolaà ¡in, Bijelo Polje, Berane and Roà ¾aje.
In December 2005, French banking group Société Générale acquired a majority stake in PodgoriÃÂka banka for â¬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 PodgoriÃÂka banka. On December 11, 2020, the final absorption of PodgoriÃÂka banka by Crnogorska komercijalna banka is effective, thus combining the two Montenegrin subsidiaries of the OTP group into a single entity.