Arab Bank Syria SA has announced a three digit growth in total assets, net credit facilities and deposits in 2007.
Byblos Bank Syria (BSS) has announced an improvement in all its key financial indicators in 2007.
Syria International Islamic Bank, one of the two Islamic banks active in Syria, had total assets of SYP 11.71 billion at the end of last year and customers’ deposits of SYP 3.87 billion, according to its financial statements.
Bemo Saudi Fransi Finance (BSFF) can start offering advisory and IPO management services following the approval of the Syrian Commission on Financial Markets and Securities (SCFMS).
Fransabank Syria’s IPO was oversubscribed by two and a half times according to a press statement from the bank.
Arabia Insurance Syria, National Insurance and Syrian Arab Insurance have published their 2007 audited financial results.
Funds raised through Treasury Securities will initially be used to finance only investment projects and not current expenditures, Mohammad Hussein, Minister of Finance said.
The International Bank of Trade & Finance has posted a 3-digit growth in total credit facilities to its clients.
Cham Holding has signed a memorandum of understanding with Amlak Finance to establish a new venture, Amlak Finance - Syria.
Assets of Bank of Syria and Overseas, the country’s second largest private bank, rose to SYP 62.54 billion (USD 1.30 billion) at the end of last year, according to audited financial statements.
The Central Bank of Syria has licensed one new foreign exchange dealer, putting the total number of money dealers operating in Syria at 8.
Insurance premiums reached SYP 9.29 billion (USD 193.5 million) last year, according to the Syrian Insurance Supervisory Commission (SISC).
The assets of Syria Gulf Bank reached SYP 4.72 billion (USD 98 million) at the end of last year, according to the audited statements of the Bank.
First Forum on Eco-friendly products
Damascus International Fairground