Regulatory Alerts2022-09-29
Added · Updated
Cancellation of Societe Generale (Jordan) Bank License and Merger into Bank of Jordan
The Central Bank of Jordan cancelled the license of Societe Generale (Jordan) Bank effective September 29, 2022, due to its merger into Bank of Jordan. This action mandates the transfer of all assets and liabilities from Societe Generale (Jordan) Bank to Bank of Jordan. The directive applies to all banks operating in the Kingdom of Jordan.
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 2/10/15534 Date: 3/3/1444 AH Corresponding to: 29/9/2022 AD
Circular to all banks operating in the Kingdom
Greetings,
Please be informed that the license granted to Societe Generale (Jordan) Bank has been cancelled due to its merger into Bank of Jordan, effective as of the end of the day on 29/9/2022, with the transfer of its assets and liabilities to Bank of Jordan.
Please accept our highest regards.
[Signature] Governor Dr. Adel Al-Sharkas