Bank of Syria and Overseas has announced the election of Ihsan Baalbaki as vice-chairman of the board.
Syria’s insurance market declined 13 percent in 2012 according to data published by the industry’s regulatory institution.
Last week was another uneventful one for the Syrian stock exchange, which saw very limited trading take place.
For the second week in a row the DWX made gains although the level of trading gives very little significance to these changes.
The Commercial Bank of Syria, a state-owned bank under international sanctions, said that it generated six billion pounds in profits in the first half of this year.
The Central Bank of Syria last week continued to reduce the value of the Syrian Pound relative to the dollar while the market rate remained unmoved by the latest political developments.
The performance of Syria’s banking sector in the first half of this year continued to be affected by the deteriorating economic conditions and the decline in the value of the Syrian Pound.
Syria’s stock market index gained 0.33 percent last week as trading remained focused on banking stocks.
Al-Aqeelah Takaful has reported that one of its directors resigned from its board.
The Central Bank of Syria has continued to devalue the formal rate of its currency, while tension in the black market receded somewhat in recent days.
Syrian stocks declined last week with trading volumes slightly rising.
The Central Bank has raised the official price of the US dollar as it seeks to close the gap with the black market level of its currency.
Syria’s insurance market in 2012 was dominated by the health sector, according to the industry’s regulatory institution.
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