Owners
2019: Montenegro "subsidiary" buys by OTP Bank control in Societe Generale banka Montenegro
On March 18, 2019 it became known that the Montenegro child structure of OTP Bank Crnogorska Komercijalna Banka signed the agreement on acquisition of a controlling stake of Societe Generale banka Montenegro – Société Générale Group branch in Montenegro.
Societe Generale banka Montenegro for March, 2019 is the 4th in value bank in Montenegro which actively works in retail and corporate segments with a market share of 11.5%.
 | Thus, as a result of the last acquisitions OTP Group began to play a crucial role in financial market in the whole Europe, especially — in the Central and East regions. |  |
Added to OTP Bank that financial closure of the Montenegro transaction is expected in the coming months on condition of obtaining all necessary permissions of regulating authorities.
For March 18, 2019 OTP Group works in 9 countries of the region, but it is expected that this digit will increase up to 11 countries thanks to recently signed agreement in Moldova and to future financial closure of the Albanian agreement[1].
Notes
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