SGBJ - The Acquisition
SGBJ - The Acquisition
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By end of September 2022, Capital Bank fully completed
the acquisition and merger of the assets and liabilities,
and the integration of the processes and personnel of
Société Générale de Banque Jordanie.
The financial brokerage services provided by SGBJ
Financial Brokerage Company was transferred to Capital
Investments - the investment arm of Capital Bank Group,
resulting in an increase in number of clients and market
share.
Additionally, Capital Bank added a new revenue stream
to the Group by acquiring SGBJ's Leasing company and
was rebranded under the new name 'Capital Leasing'.
The acquisition increased Capital Bank Group's assets
with an additional USD 2.2 billion whilst adding a
positive impact as a result of the realised synergies.
SGBJ
SOCIETE GENERALE
DE BANQUE - JORDANIE
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