Finance

01-03-2003
In a meeting with the press on February 19, Ghassan al-Rifai said that the liberalization of interest rates was a priority for the Government.
01-03-2003
The Real Estate Bank (REB), one of Syria's six state-owned bank has begun accepting payments from the MasterCard and Visa credit cards holders.
01-03-2003
In its drive to adapt to the new landscape that is expected to follow the introduction of private banks into the country, Syria's Industrial Bank has announced new lending policies aiming at facilitating credit access to industrialists.
01-02-2003
The European Investment Bank (EIB) is seeking guarantees from the Syrian Government to go forward with a plan to provide EUR25 million to Syria's Small and Medium Entreprises (SME).
01-02-2003
Societe Generale (SG), one of France's leading commercial banks, is set to become the first non-Arab bank to enter the Syrian banking sector.
01-01-2003
The Syrian Government announced late December that five banking investment projects had received a preliminary approval to open what will be the first private banks in the country in over forty years.
01-01-2003
The European Investment Bank is discussing with the Ministry of Economy the possibility of setting up a development bank in Syria.
01-01-2003
EIB loans EUR50 million for Tartous port modernization Syria has signed an agreement to borrow from the European Investment Bank (EIB) a EUR50 million loan to help the expansion and modernization of Tartous port, the country's largest port.
01-01-2003
Makram Sader, secretary-general of Lebanon's Banks association, said during the Lebanese-Syrian banking seminar held in Damascus' Sheraton hotel that the size of Syrian assets in Lebanese banks was estimated at between USD2 and USD2.5 billion, out of a...
01-01-2003
According to the Real Estate Bank, around 12,000 credit cards are currently in use in Damascus, while some 400 automatic teller machines (ATMs) and point-of-sale (POS) terminals are currently operating in the Syrian capital.
01-12-2002
Syria's Minister of Economy, Ghassan al-Rifai, authorised the Commercial Bank of Syria (CBS), the country's main bank, to set aside USD500 million annually as credit facility to pay for raw material import requirements by industrialists and traders.
01-12-2002
The European Commission (EC) has announced that it will be providing EUR6 million to Syria to support its industrial modernization process.
01-12-2002
A delegation from the Bahrein Chamber of Commerce and Industry (BCCI) was in Damascus late November to discuss with Syria's ministry of economy plans to establish a joint private bank.
01-11-2002
The European Investment Bank has launched its new Facility for Euro-Mediterranean Investment and Partnership (FEMIP) during a meeting in Barcelona on 18 October of the Finance Ministers of the 15 EU Member States and the 12 Mediterranean Finance and Ec...
01-11-2002
The announcement by Jordan's Housing Bank for Trade & Finance that its application to launch Syria's first private bank had been approved by the Central Bank (CBS), and that it would be granted an official licence before the end of the year came as...

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