SGBJ to be acquired; discussions ongoing — chairman

AMMAN— Chairman of the Societe Generale De Banque Jordan(SGBJ) Hassan Mango on Saturday said that a letter of intent was signed so that a local bank takes over the SGBJ’s operations, according to Ammon News.اضافة اعلان

Mango added that the cost of the acquisition is still under discussion, as is the price share on which the sale will be based, with a decision expected in the next 45 days.

The acquisition deal will require the Central Bank of Jordan’s approval. Many Lebanese banks in Jordan have been considered for sale in recent months, the most recent of which was Audi Bank.

The SGBJ has 19 branches in Jordan.

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