Societe Generale Banka Montenegro said on Wednesday it has signed a deal with local non-life insurer Uniqa to enable its clients to buy insurance policies at the bank's branches.

In the life insurance segment, Societe Generale Banka Montenegro partners with insurer Merkur, the lender said in a statement.

The bank said it plans to introduce other insurance products in the future, but it did not elaborate.

Bancassurance is a partnership between a bank and an insurance company which enables the insurance company to sell its products to the bank's client base. Read the full story MONTENEGRO: Societe Generale Banka in bancassurance deal with Uniqa