Syrian private sector banks continued to post a modest increase in their main indicators in the first half of this year, as Islamic lenders now represent almost 40 percent of the sector.
The Popular Credit Bank, one of six state-owned banks in the country, said that it was resuming lending to professionals.
Taxes and fees collected by the Syrian Customs Department continued to increase during the first six months of this year.
Syria and Russia are considering the establishment of a trade finance company to bypass western sanctions, a Syrian leading investor has said.
The Credit and Monetary Council of the Central Bank of Syria has changed the interest rates banks pay on their customers’ deposit accounts.
The DWX gained some 9.63 percent last month, its highest monthly increase since the beginning of the year, mostly thanks to the rise in the price of a single stock.
The government has allowed the Central Bank of Syria to issue certificates of deposits denominated in dollars.
The main index of the Damascus Securities Exchange declined again last month to close at 5,528.66.
Syrian banks are expanding again their branch network as they seek to capitalize on the improving security situation across the country.
The main index of Syria’s stock exchange remained unchanged last month as trading volumes declined significantly.
Remittances by Syrian expatriates during Ramadan increased markedly, a local media has reported.
The balance sheets and income statements of Syrian banks show an improvement in their performance last year.
The main index of the Syrian stock exchange fell for the third month in a row and for the fourth time in five months since the beginning of the year, highlighting investors’ lack of confidence over the economy.
Rami Makhlouf has reportedly obtained a license to open a microfinance bank in Syria.
Syria’s stock market index fell for the second month in a row as investors partly retreat from the market.


Beauty Care
Damascus International Fairground
Export Financing
Damascus Chamber of Commerce