Societe Generale Bank Montenegro will pay its shareholders a dividend of EUR 1,9 million this year, the first since it was taken over by the French group in 2005.
Societe Generale Bank Montenegro announced that the amount of the dividend, of 1,9 million euros, is 33 percent of the bank's total profit.
"High capitalization and a good result made it possible to distribute part of the profit achieved last year to the bank's shareholders," the announcement states.
At the Assembly today, the shareholders adopted the annual report on the bank's operations, with the opinion of an independent external auditor.
"By doing business last year, the bank confirmed its position as one of the leading Montenegrin banks through results that reflect the positive experience of clients with the bank. The number of clients has increased in all business segments - with citizens, small and medium-sized enterprises and businessmen," the announcement states.
Last year's net profit was EUR 5,71 million, which, they added, was the bank's best result since it was taken over by the Societe Generale group.
At the session, a decision was also adopted to change the members of the Bank's Board of Directors.
The new vice-president and member of the Board is Antoine Alexis, director of the Financial Division of Societe Generale Bank for Europe, to whom Pierre-Yves Demoures gave up his position due to the assumption of other obligations within the Societe Generale group.
"The board of directors is still chaired by Milorad Katnić, while the other members are the chief executive officer of the bank, Miroslav Hiršl, the director of the Financial Division of Societe Generale banka Srbija, Sonja Miladinovski, and the director of the Plantaže company, Verica Maraš," the statement added.
The announcement adds that Societe Generale Bank Montenegro is recognized on the market as a reference bank for clients, which is constantly increasing its market share in all segments.
"The results achieved by the bank are recognized even outside the borders of Montenegro, as evidenced by the award of the financial magazine The Banker for the best bank in Montenegro last year," the announcement concludes.
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