Finance

26-02-2007
On February 19, the Syrian President formally issued Law N°15, which authorizes the Credit and Monetary Council, the authority in charge of supervising the banking sector, to license financial institutions that will provide small loans and micro f...
26-02-2007
Private banks in Syria have continued to witness impressive growth last year, as preliminary data show.
19-02-2007
The Bank of Jordan, one of the four largest banks in Jordan, announced that it had received a preliminary approval from the Central Bank of Syria to open a bank in Syria
19-02-2007
Deposits at the Commercial Bank of Syria fell 11.5 percent in the 11 months ending November 2006
19-02-2007
Total deposits at Bank Audi Syria reached SYP 13.45 billion (USD 263 million) at the end of 2006 according to the annual statements of the bank while the lending portfolio stood at SYP 4.85 billion.
19-02-2007
The General Assembly of the Syrian Federation of Insurance Companies (SFIC) elected its first board of directors on February 18.
12-02-2007
The Industrial Bank of Syria has gained some breathing space and will be on the offensive again this year, according to Anis Al-Maaraoui, Director General of the Bank.
05-02-2007
The Middle East and North Africa Financial Action Task Force has released the evaluation report on Syria’s efforts to combat money laundering and the financing of terrorism.
29-01-2007
Insurance premiums collected by the private insurance companies operating in Syria stood at between SYP 400 million and SYP 500 million (USD 7.8 million -9.8million) in 2006 according to the head of the Syrian Insurance Supervisory Commission (SISC), A...
29-01-2007
Syria and Romania have reached a deal on the settlement of the debt owed by Syria to the former Soviet-block country
22-01-2007
Cham Bank, the country’s first Islamic Bank, held its founding general assembly on January 16
22-01-2007
Arab Orient Insurance Company Syria (AOICS) should launch its operations in the coming few weeks, becoming the sixth insurance company active in the market, according to Tayssir Al-Akesh its general manager
22-01-2007
Banque Libano-Française, Lebanon’s sixth largest bank in terms of assets, is planning to start operations in Syria before the end of the year, according to Walid Raphael, deputy general manager
22-01-2007
Almost two years after it was set-up by the European Investment Bank the SME fund unit has managed to disburse only a third of its EUR 40 million credit line.
15-01-2007
Syria International Islamic Bank (SIIB) is organizing an Initial Public Offer for 51 percent of its capital between February 4 and March 4 2007

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