The Syrian insurance market rose by a third in the first three quarters of this year, according to the Insurance Supervisory Commission.
IFA Financial Service Co. (IFA-FSC) has become the third brokerage firm to be allowed to operate in Syria after it received a full license from the Syrian Commission on Financial Markets and Securities (SCFMS) on October 27.
The European Investment Bank is launching on November 16 a new credit facility for Syrian small and medium enterprises, the Global Fund II.
The International Bank for Trade and Finance (IBTF), Syria's fourth largest private bank in terms of assets, has received a preliminary license from the Syrian Commission on Financial Markets and Securities (SCFMS) to set up a brokerage house.
The Central Bank of Syria has granted a license to two new money exchange firms.
The Real Estate Bank (REB) will offer foreign currency operations from the beginning of 2009, only the second state-owned bank in Syria allowed to do so.
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to two new brokerage firms.
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to Global Investment House to open a brokerage house in Syria.
Along with other private banks, the International Bank for Trade and Finance has posted a strong increase in its credit portfolio in the first half of this year and a more modest increase in its deposits base.
Banque BEMO Saudi Fransi is increasing its capital by SYP 750 million through a rights issue.
Noor Takaful Insurance Company will organize an Initial Public Offer for the majority of its capital before the end of this year.
Syria: Progress & Potential
BIS Conference Centre, 1 Victoria Street, London SW1
EDU 2011 Damascus