Capital Bank Successfully Finalizes the Merger of Société Générale Bank-Jordan
October xx, 2022 – Amman, Jordan: Capital Bank announced the completion of the merger of the assets and liabilities of Société Générale de Banque -Jordanie (SGBJ), which was pursuant to the final agreement signed between the two parties and after obtaining final approvals from the relevant regulatory and supervisory authorities.
The merger includes the transfer of all information related to retail and corporate clients’ accounts and banking products, in addition to SGBJ’s entire network of branches and ATMs across the country to Capital Bank. Ownership of SGBJ Leasing Company has also been transferred to Capital Bank, under the new name (Capital Leasing) with all customer accounts subsequently transferred to Capital Leasing, in addition to the financial brokerage services provided by SGBJ Financial Brokerage Company, which in turn have been transferred to Capital Investments - the investment arm of Capital Bank Group.
The merger includes the transfer of all information related to retail and corporate clients’ accounts and banking products, in addition to SGBJ’s entire network of branches and ATMs across the country to Capital Bank. Ownership of SGBJ Leasing Company has also been transferred to Capital Bank, under the new name (Capital Leasing) with all customer accounts subsequently transferred to Capital Leasing, in addition to the financial brokerage services provided by SGBJ Financial Brokerage Company, which in turn have been transferred to Capital Investments - the investment arm of Capital Bank Group.
The merger includes the transfer of all information related to retail and corporate clients’ accounts and banking products, in addition to SGBJ’s entire network of branches and ATMs across the country to Capital Bank. Ownership of SGBJ Leasing Company has also been transferred to Capital Bank, under the new name (Capital Leasing) with all customer accounts subsequently transferred to Capital Leasing, in addition to the financial brokerage services provided by SGBJ Financial Brokerage Company, which in turn have been transferred to Capital Investments - the investment arm of Capital Bank Group.
The merger includes the transfer of all information related to retail and corporate clients’ accounts and banking products, in addition to SGBJ’s entire network of branches and ATMs across the country to Capital Bank. Ownership of SGBJ Leasing Company has also been transferred to Capital Bank, under the new name (Capital Leasing) with all customer accounts subsequently transferred to Capital Leasing, in addition to the financial brokerage services provided by SGBJ Financial Brokerage Company, which in turn have been transferred to Capital Investments - the investment arm of Capital Bank Group.
More news
Capital Bank Wins Award for Best Syndicated Loan for a Financial Institution in the Middle East from EMEA Finance
Capital Bank recently received the award for the Best Syndicated Loan for a Financial Institution in the Middle East from EMEA Finance, an integrated publishing and events company focused on the banking and finance industry across the EMEA region. The fifteenth edition of the Achievement Awards ceremony took place in London, gathering companies, banks, and financial experts responsible for the best capital market deals in Europe, the Middle East, and Africa.
Capital Bank’s Nour Akel Wins Lex-Falcon Award
Capital Bank, a leading provider of comprehensive banking and digital solutions, announced that lawyer Nour Akel, Internal Counsel at the bank, has received the global 2023 Lex-Falcon Award in the category of "Leading Legal Professional."
Capital Bank Launches Capital MD Program for Medical Sector Banking Transactions
Capital Bank has launched the Capital MD program, which is a specialized program for the medical sector under Capital Bank’s Health & Wealth program. Capital MD is specifically designed for specialized doctors and clinic owners, and it includes a range of banking, advisory, and insurance services with exclusive benefits that meet their practical and daily life needs.