Byblos Bank (140)

07-11-2017

Lebanon’s BLOM Bank has withdrawn its last representative in the board of its Syrian affiliate, further confirming the relative disengagement of Lebanese banks from the Syrian market.

24-10-2017

Syria ranks among the worst performing countries in terms of its country risk perception.

29-08-2017

The relative stable situation in vast parts of western Syria have enabled private commercial banks in the first half of this year to post a slight improvement in their main indicators.

29-08-2017

This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2017.

14-08-2017

Lebanon’s BLOM has said that it deconsolidated its Syrian operations in order to protect itself from international sanctions.

21-07-2017

This list of tables provides data on the main indicators of Syrian banks in 2016.

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.

18-07-2017

The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.

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.

06-03-2017

In February, listed securities in the Syrian stock exchange continued to rally as the market’s main index gained some 18 percent and the value of trading remained well above the monthly average of the past years.

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.

07-02-2017

Byblos Bank has announced that it was writing off its Syria investment and deconsolidating its operations there.

06-12-2016

For the third month in a row, trading activity at the Damascus Securities Exchange remained extremely limited in November.

01-11-2016

The European Union has added ten Syrian individuals, including four members of the military and a prominent businessman, to its sanctions list.

26-07-2016

Bank Audi, Lebanon’s largest commercial bank, is changing the commercial name of it Syrian affiliate in an apparent bid to distance itself from the Syrian market.

03-05-2016

The value of trading and of the main market index of the Damascus Securities Exchange continued to increase markedly in April.

02-02-2016

The value of the shares traded during the first month of the year in the Damascus Securities Exchange almost doubled from December.

20-07-2015

Supply of insurance services

13-07-2015
Only a third of Syria’s listed companies attracted interest from investors in the stock exchange last week.
04-05-2015

Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.

29-09-2014

The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.

29-09-2014

The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.

28-07-2014

Al-Baraka Bank Syria, an Islamic lender, is set to become the 24th listed company in the Damascus Securities Exchange.

16-06-2014

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.

09-06-2014

After Byblos Bank last week, Bank of Syria and Overseas reported this week the value of the losses of its Homs branch.

02-06-2014

Syrian nationals accounted for almost a quarter of hotel nights spent in Lebanon last year, contributing significantly to the health of that country’s hospitality industry, a report shows.

02-06-2014

Arab Bank Syria has reported that it faced a robbery at one of its branches as Byblos Bank Syria has disclosed substantive losses from its branch located in the formerly opposition-held parts of Homs.

02-06-2014

Arab Bank Syria has reported that it faced a robbery at one of its branches as Byblos Bank Syria has disclosed substantive losses from its branch located in the formerly opposition-held parts of Homs.

21-04-2014

Trading activity continues to decline in the Syrian stock exchange where only a handful of transactions are now occurring every week.

31-03-2014

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

06-01-2014

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

02-12-2013

Syrian refugee households in Lebanon spend an average of USD 520 a month, according to the findings of a recent survey.

29-07-2013

The increasing risks associated with transporting goods through Syrian territory have led to a sharp rise in insurance premiums.

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.

25-03-2013

Stocks in the Damascus Securities Exchange gained last week as the continued decline of the Syrian Pound is driving investors further away from cash holdings.

11-03-2013

The Ministry of Finance unblocked this week the assets of Mourtada Dandashi, a Syrian investor and board director at Byblos Bank Syria, only a few weeks after it had frozen them.

19-02-2013

The assets of Mourtada Dandashi, a Syrian investor in the financial and real estate sectors, have been frozen by the Syrian government on claims that he finances “armed terrorist groups,” the expression the authority use to describe opposition activists and rebel forces.

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.

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.

13-08-2012

Unrealised gains from foreign currency holdings helped Syria’s private sector banks boost profits in the first half of this year, which would have otherwise almost all been in the red.

02-07-2012

All stocks traded at the Damascus Securities Exchange fell again last week with the total value of shares falling more than 50 percent compared to the previous week.

11-06-2012

The aggregate balance sheet of Syria’s private sector commercial banks rose 13.4 percent on a quarterly basis in the first three months of this year thanks to a surge in the assets of Syria International Islamic Bank.

11-06-2012

The appointment of Nabil Hshaimeh as chief executive officer of Banque Bemo Saudi Fransi, Syria’s largest private sector conventional bank, has been confirmed by the Central Bank of Syria.

04-06-2012

The week at the Damascus Securities Exchange was marked by the inclusion of Syria International Islamic Bank in a list of companies under sanctions by the United States and by a general decline in stock prices.

20-02-2012

Updated February 20: Syria’s private banking sector saw a decline of some 13.5 percent in total assets last year although it managed to increase revenues and profits, largely on the back of foreign currency revaluations.

15-02-2012

Byblos Bank Syria has gained regulatory approval to raise its stake in Adir Syria, its insurance affiliate.

15-02-2012

Byblos Bank Syria has gained regulatory approval to raise its stake in Adir Syria, its insurance affiliate.

06-02-2012

The Syrian Commission on Financial Markets and Securities has announced that all shares owned by Issam Anbouba, a local businessman, and his three sons in public joint-stock companies would be frozen following a court order.

09-01-2012

Syria’s stock exchange began the year on a positive note with an increase of 1.83 percent in the market’s main index, the DWX.

12-12-2011

Syria’s stock exchange continued its downward spiral with the market’s main index shedding an additional 0.50 percent over the course of the week.