SGME bank SPA was signed | Podgorička banka
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SGME bank SPA was signed

Societe Generale Group has signed an agreement with a view to sell Societe Generale Bank Montenegro to Crnogorska komercijalna bank / OTP Group, subject to receipt of clearances from the relevant banking, antitrust and market authorities. The closing of the transaction is expected to take place in the coming months.

Over the coming months, Societe Generale Group and OTP Group will work together to obtain all the authorizations required. Societe Generale bank Montenegro will continue to serve all retail and corporate clients with the same high standards and dedication while preparing for a smooth transition for clients and assuring the stability of their relathionship with the bank.

Societe Generale Montenegro will be part of the cooperation agreement signed between Societe Generale and OTP Bank that encompass the provision of mutual services in various fields (including, but not limited to investment banking, capital markets, financing cash and liquidity management). Albania, Bulgaria, Croatia, Hungary, Moldova and Serbia are part or will join shortly this services agreement

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