Societe Generale banka Montenegro AD

Established in 1864, Société Générale is one of the largest French banks. Société Générale is a universal bank, offering its clients retail, corporate, investment banking products and services as well as private banking and asset management.

Services

Retail Banking
SME Banking
Corporate Banking

Financials

Total Assets (2017)
483.37 mln EUR  (+7.36%)
Net Income (2017)
7.39 mln EUR  (-5.13%)

In 2017 total assets of Societe Generale banka Montenegro AD were 483,37 mln EUR. In 2017 the bank's net income was 7,39 mln EUR.

Societe Generale banka Montenegro AD participates in deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50 000 EUR per bank per depositor.

Contacts

Bulevar Revolucije br.17, 81000, Podgorica, Montenegro
+382 (0)20 415 500

Societe Generale banka Montenegro AD is headquartered in Podgorica.

Bank Identifiers

BIC (SWIFT)
PDBPMEPG
Company Number
40000880
Start Date
18 December 2002

Business Summary

Services
retail banking
SME banking
corporate banking
Eligible Clients
residents
non-residents

Societe Generale banka Montenegro AD provides products and services in the areas of retail banking, SME banking, corporate banking. Societe Generale banka Montenegro AD makes its solutions available to residents, non-residents.

Financial Positions

Total Assets (2017)
483.37 mln EUR  (+7.36%)
Total Equity (2017)
60.34 mln EUR  (+8.11%)

In 2017 total assets of Societe Generale banka Montenegro AD were 483.37 mln EUR. Growth compared to the previous period (2016) was 7.36%. The evolution of the total assets of Societe Generale banka Montenegro AD is shown at Chart 1 below.

Total Assets of Societe Generale banka Montenegro AD.

Chart 1. Total Assets of Societe Generale banka Montenegro AD.

Recent changes in total assets of Societe Generale banka Montenegro AD and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 76.2 66.5 -12.71%
Loans to banks 13.7 23.1 +68.32%
Loans to customers 303.0 340.9 +12.54%
Total Assets 450.2 483.4 +7.36%
Table 1. Recent changes in total assets of Societe Generale banka Montenegro AD (mln EUR).

Recent changes in total liabilities of Societe Generale banka Montenegro AD and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 0.0 0.0 0.00%
Customer deposits 347.7 355.6 +2.25%
Amount owed to banks -0.1 15.1 -30 262.55%
Amount owed to customers 39.5 44.9 +13.68%
Total Liabilities 450.2 483.4 +7.36%
Table 2. Recent changes in total liabilities of Societe Generale banka Montenegro AD (mln EUR).

Profit and Loss

Operating Income (2017)
8.30 mln EUR  (-0.78%)
Net Income (2017)
7.39 mln EUR  (-5.13%)

Recent changes in gross profit of Societe Generale banka Montenegro AD and its main components are shown in Table 3.

2016 2017 % change
Interest Income 24.1 22.9 -5.00%
Interest Charges -3.5 -2.9 -18.91%
Net Interest Income 20.5 20.0 -2.60%
Commission Income 8.2 8.4 +2.25%
Commission Charges -4.0 -3.8 -6.38%
Net Commission Income 4.2 4.6 +10.65%
Table 3. Recent changes in gross profit of Societe Generale banka Montenegro AD (mln EUR).

In 2017 net income of Societe Generale banka Montenegro AD was 7.39 mln EUR. Decline compared to the previous period (2016) was -5.13%. The evolution of the net income of Societe Generale banka Montenegro AD is shown at Chart 2 below.

Net Income of Societe Generale banka Montenegro AD.

Chart 2. Net Income of Societe Generale banka Montenegro AD.

Market Share and Rank (among banks in Montenegro)

Total Assets (2016)
4th (market share 11.88%)

In 2016 Societe Generale banka Montenegro AD was ranked the 4th largest bank in Montenegro in terms of total assets, having 11.88% of the domestic market share.

Market share of Societe Generale banka Montenegro AD (among banks in Montenegro)

Chart 3. Market share of Societe Generale banka Montenegro AD (among banks in Montenegro)

Several banks having the market shares and ranks closest to Societe Generale banka Montenegro AD are shown below.

RankNameTotal AssetsMarket Share
3ERSTE Bank AD Podgorica449.46 mln EUR11.88%
4Societe Generale banka Montenegro AD450.22 mln EUR11.88%
5Hipotekarna banka AD Podgorica428.79 mln EUR11.31%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 50 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Montenegro are obliged to participate in Montenegro's deposit guarantee scheme.

In the case of Societe Generale banka Montenegro AD failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, entrepreneurs, legal entities
Covered Accounts  all deposit accounts
Maximum Protected Amount  50 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Societe Generale banka Montenegro AD and its components are shown in the table below.

BIC  PDBPMEPG
Bank BIC Code  PDBP
Country Code  ME (Montenegro)
Location Code  PG
Branch Code  -

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  40000880

European Presence: 23 banks in 18 countries

Societe Generale banka Montenegro AD operates under the brand name Societe Generale. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

Belgium

Cayman Islands

Cyprus

France

Germany

Ireland

Italy

Luxembourg

Montenegro

  • (this bank) Societe Generale banka Montenegro AD (Podgorica)

Netherlands

Poland

Serbia

Spain

Sweden

Switzerland

Turkey

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under Societe Generale brand name has been recently closed down:

Luxembourg

Netherlands