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CBS Deposits Reach SYP 419 billion at end of H1, 2010
The size of the deposits at the Commercial Bank of Syria reached SYP 419 billion at the end of the first half of 2010.
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Government Tightens Banking Secrecy Rules
The Government has issued a decision restricting the possibility for the Ministry of Finance to break banking secrecy rules.
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Arab Bank Group to Increase Stake in Syrian Subsidiary
The Arab Bank Group has decided to raise its stake in its Syrian affiliate, Arab Bank-Syria, which has recently announced plans to increase its capital to SYP 5.05 billion.
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Ibdaa Micro Finance Bank Elects Board and Launches Operations
Ibdaa Small and Micro Finance Bank has elected its board of directors and announced the launch of its operations in Syria.
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NBE to Open Representative Office in Syria
The National Bank of Egypt (NBE) has decided to open a representative office in Syria, instead of a fully-fledged subsidiary, because of the high capital required for local banks, according to Khaldoun Al-Muwakaa, the chairman of the Syrian-Egyptian Bu...
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Joint Syrian-Iranian Banking Venture to See Light Again
The Syrian Government granted last month a new formal license to Aman, a joint Syrian-Iranian bank.
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SIIB to Raise Capital before Year End to SYP 7.5 Billion
Syria International Islamic Bank will use its non-distributed profits of past years to raise its capital before the end of the year.
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Central bank Licenses New Money exchange Firms
The Central Bank of Syria has licensed a new money exchange company and five bureaus.
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Isbank Moves Ahead with Request to Open Representative Office in Syria
Isbank, a Turkish bank, has been authorised by the Turkish banking regulatory authority to open a representative office in Syria.
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Civil Servants Health Coverage Helps Raise Premiums by 50% in H1, 2010
Syria’s insurance market grew by around 50 percent following the enforcement of a health insurance system for civil servants.
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