Following other banks, IBTF provided last week an assessment of the losses incurred in its Homs branch, located in the area previously under the control of the opposition.
Shares in Syria International Islamic Bank gained last week and attracted investors’ interest on the back of the removal of the company from the European Union sanctions list.
After Byblos Bank last week, Bank of Syria and Overseas reported this week the value of the losses of its Homs branch.
Al-Aqeelah Takaful has announced the appointment of a new general manager.
The Central Bank of Syria has revoked the licence of an important moneychanger in Damascus as part of the drive of the Syrian authorities to maintain a grip on the currency market.
Arab Bank Syria has announced the election of a new Board of Directors.
The level of trading in the Damascus Securities Exchange last week surged helped by two large transactions.
Preliminary figures from the Syrian insurance market regulator indicate a nominal decline of 13.1 percent in the size of the market in 2013 compared to the previous year.
The total weekly trading volume at the Damascus bourse was below USD 50,000 last week, an indication of how deserted the Syrian stock market has become.
Bank Al-Sharq is having two new members in its board of directors.
The Syrian Government has issued a decision requesting exporters to refund half of their foreign currency proceeds to the Central Bank.
The DWX, the main index at the Damascus Securities Exchange, remained largely unchanged last week as investors focused on banking stocks.
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