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.
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