Société Générale De Banque - Jordanie achieved positive financial results for year 2010

Société Générale De Banque – Jordanie's General Assembly held its ordinary meeting on April 28^th, 2011. During the meeting the bank's general annual budget, its results for year 2010 as well as its future plan for 2011 were accredited. Also, the general assembly approved the appointment of Mr. Joel Jarry as a General Manager and a new board member. The meeting which took place at the Association of Banks in Jordan was attended by the General Controller of Companies, and a representative from Central Bank of Jordan as well as a representative from the external auditors Ernst and Young. 

SGBJ has achieved positive financial results for year 2010 which are represented by 7% increase in profits in comparison to the previous year to reach JOD 4.6 million; also the customer deposits' balance increased to reach JOD 228.5 million at the end of 2010 in comparison with JOD 147.7 million at the end of 2009. Additionally, total equity increased by 9% in comparison to the previous year to reach JOD 57.3 million compared to JOD 52.7 million at the end of 2009. 

On the other hand, SGBJ has acquired a new head office building which is located in the middle of the new business center of Abdali in the heart of Amman and in a few months the bank will transfer into this modern and spacious environment.

This new investment signifies the commitment of the SGBJ’s shareholders to supporting the development of SGBJ in the Jordanian market and properly reflecting the image of Société Générale Group.