Banque Bemo Saudi Fransi (164)

21-07-2017

Updated on July 21, 2017: Syria’s private commercial banks, which saw last year their assets fall to a fraction of what they were in 2010 and now barely breakeven, are unable to finance any meaningful reconstruction drive.

04-04-2017

Syria Gulf Bank has rejected the offer of Banque Bemo Saudi Fransi to buy almost half of its share capital.

28-03-2017

Banque Bemo Saudi Fransi has entered talks to buy a controlling stake in Syria Gulf Bank, in the first such consolidation move since the liberalisation of Syria’s banking sector in 2004.

21-02-2017

Following in the steps of two of its competitors, BLOM Bank, Lebanon’s second largest bank by the size of its assets, has deconsolidated its operations in Syria.

27-06-2016

Banque Bemo Saudi Fransi, Syria’s largest private sector commercial bank, has announced the appointment of a new CEO.

08-03-2016

In dollar terms, the assets of Syria’s private sector banks declined by 25 percent on annual basis last year.

14-12-2015

Banque Bemo Saudi Fransi, the largest Syrian private sector bank, has announced the resignation of its CEO.

19-10-2015

The assets of Syria’s private commercial banks increased 17 percent in the first half of this year in Syrian Pound terms.

03-09-2015

More than two thirds of the listed stocks in the Damascus Securities Exchange didn’t attract any transaction this week.

13-07-2015

The annual shareholders meetings of Syria’s commercial banks have seen some changes in their management and boards.

06-04-2015

Syria’s stock index fell on Thursday to its lowest level in over a year after shedding 1.07 percent over the week.

02-03-2015

Syria’s 14 private sector have released their preliminary results for last year, although changes in currency prices make it difficult to assess the health of the sector.

23-02-2015

The value of trading in the Damascus Securities Exchange increased last week, largely over transactions on a single stock, as did the market index.

29-12-2014

Helped by two relatively large transactions, the value of trading in the DSE increased to SYP 53.4 million last week.

27-10-2014

Syrian businessman George Obegi passed away last week following a plane accident off the Cypriot coast.

25-08-2014

The DWX declined in each of last week’s four sessions as trading in the stock market was dominated by two large transactions involving a commercial bank.

18-08-2014

The DWX fell in the last two weeks as the market witnessed two important transactions involving banks.

18-08-2014

Banque Bemo Saudi Fransi has announced that it has bought a minority stake in one of its competitors.

23-06-2014

Bank of Syria and Overseas has announced the appointment of a new general manager.

28-04-2014

Last week, the Damascus Securities Exchange was on track to witness one of its worst weeks in terms of trading volumes when a handful of transactions lifted the bourse’s overall weekly activity.

28-04-2014

Banque Bemo Saudi Fransi, the first private sector bank to open in Syria after decades of state monopoly, has announced the relocation of its headquarters.

13-04-2014

The Syrian stock market index gained last week as total trading remained below the $100k level.

31-03-2014

Byblos Bank Sal, the Lebanese mother company of Byblos Bank Syria, is increasing its stake in its Syrian affiliate.

24-02-2014

The assets and profits of private sector banks in Syria increased last year in Syrian Pound terms, according to preliminary filings.

13-01-2014

Bemo Saudi Fransi Finance remained the largest broker in the Damascus Securities Exchange last year, according to data published by the Syrian bourse.

06-01-2014

Pro-regime media outlets have published names of leading investors that reportedly owe their banks large sums of money.

09-12-2013

The Syrian stock market index has remained almost unchanged for some two months now as trading activity remains subdued.

29-10-2013

Brokerage services, Advisory services, IPO Management, Portfolio Management

21-10-2013

The two most traded stocks in the Damascus Securities Exchange during the first three quarters of this year are affiliates of Qatari institutions, although politics has little to do with this.

07-10-2013

Banque Bemo Saudi Fransi has announced that an armoured car transporting cash from one of its branches had been attacked.

09-09-2013

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.

02-09-2013

Syrian stocks declined last week with trading volumes slightly rising.

03-06-2013

A 40 percent rise in the assets of Islamic banks helped increase the Syrian pound value of the balance sheet of Syria’s private banking sector.

27-05-2013

Syria’s stock market continued last week its winning streak as interest from investors remained strong.

11-03-2013

Banque Bemo Saudi Fransi has announced that it has been the victim of a new hold-up.

04-03-2013

SIIB, an Islamic lender, rose to become Syria’s largest private sector bank last year, preliminary data show.

04-03-2013

The volumes exchanged last week in the Damascus Securities Exchange increased to SYP 35 million over trading in financial stocks.

13-02-2013

The Damascus stock market index posted two successive gains on Tuesday and Wednesday to close the week on a positive note.

07-02-2013

Syria’s DWX stock market index fell 0.83 percent this week to close at 775.16 with one stock representing more than 60 percent of traded volumes.

24-01-2013

Two financial firms held together more than half of the brokerage market share in the stock exchange last year as the volume of trading fell 82 percent on an annual basis, according to data published by the DSE.

07-01-2013

Syria’s stock market began this year as it closed last, with an uninterrupted decline in prices.

13-12-2012

Stocks continued to lose ground in the Damascus Securities Exchange over the week while trading volumes reached SYP 6.1 million.

10-12-2012

Provisions for bad debts at private sector Syrian banks rose sharply in the third quarter of this year as businesses faced increasing difficulties to reimburse their loans.

07-12-2012

The Damascus Securities Exchange extended this week its losing streak to twenty sessions in a row.

19-11-2012

Lebanese-managed Syrian banks lost USD 400 million since the beginning of the uprising, according to the head of the Lebanese central bank.

08-10-2012

Souria Holding has suspended works on its Abraj Souria project in downtown Damascus, its CFO said.

24-09-2012

Qatar National Bank Syria announced on Tuesday that it been victim of a fraud, the second such report by a local bank in two weeks.

17-09-2012

Two Syrian banks announced last week that they had been victims of a robbery and of a fraud, confirming an increase in the number of similar cases in recent months.

17-09-2012

The exposure of Lebanon’s Banque Bemo to Syria’s market, through its stake in Banque Bemo Saudi Fransi, has led Moody’s Investors Service, a rating agency, to downgrade the bank’s credit rating.