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Bank Audi Syria (189)
The main index of the Syrian stock exchange climbed 3.5 percent last month with the sale of shares in Bank Audi Syria accounting for 85 percent of the entire value of stocks traded.
Banque Bemo Saudi Fransi SA, Syria’s largest private conventional bank, has been granted a licence to launch a microfinance project with a prominent forex trader believed to be affiliated with influential Lebanese and Syrian business figures.
Lebanon’s Bank Audi will sell all shares of its Syrian subsidiary to Banque Bemo Saudi Fransi and quit the country, in the latest reversal to Syria’s pre-war economic liberalisation.
Syria’s main stock market indexes recovered slightly in November after falling to their lowest level in almost two years the previous month.
This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2020.
Two private Syrian banks owned partially by foreign investors have taken steps to rebrand, in a move to reduce the risk for foreign shareholders a few months after the enactment of the Caesar Act.
ATMs are once again partially operating in Syria after new payment companies affiliated with the regime were established, about five months after the sudden withdrawal of the main ATM operator from the market.
The value of shares traded in the Damascus Securities Exchange last month fell to its lowest level in over two years.
The two main indices of the Damascus Securities Exchange increased by about 30 percent in the first half of this year, lower than the estimated inflation rate.
The table below lists 68 companies known to be affiliated with Rami Makhlouf.
The Syrian currency collapsed last week, crossing both the 2,000 and 3,000 pound-per-dollar thresholds within a few days and creating panic in the market. The consequences on living conditions in Syria will be dramatic.
Syrian banks are raising their capital to meet regulatory requirements after a decision banned them from paying dividends.
The assets of Syria’s private sector banking industry increased by 9.8 percent over the course of the first six months of this year but decreased in dollar terms due to the depreciation of the Syrian pound.
This table lists all Syrian public joint-stock companies active as of July 2019 with the value of their capital (in million SYP).
The Syrian stock exchange’s main index shed almost four percent in the first six months of this year as it continues to fail at attracting meaningful interest.
The relatively stable situation in most of Syria has reflected positively on the performance of Syrian banks, which have broadly reported an improvement in their financial results last year.
Fransabank Syria has announced the resignation of its Lebanese chairman, confirming the dissociation policy adopted by Lebanese banks operating in the country.
Providing guarantees for loans to SMEs and microfinance projects
This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2018.
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.
The assets, credits and deposits at the 14 private sector banks in Syria.
The operating income and profits of Syria's 14 private sector banks in 2017. All numbers are in million Syrian pounds.
Byblos Bank Syria has announced the appointment of a new general manager.
The Damascus Securities Exchange attracted again investors last month on the back of the rapid advances of regime forces in the east of the country, after months of relative stagnation.
This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2017.
This list of tables provides data on the main indicators of Syrian banks in 2016.
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.
For the third month in a row, trading activity at the Damascus Securities Exchange remained extremely limited in November.
Bank Audi, Lebanon’s largest banking grouping, has announced that it has written-off its investment in Syria and that its representatives in the bank’s board of directors have resigned.
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.
The volume and value of shares traded in the first half of this year in the Damascus Securities Exchange more than doubled compared to the same period of 2015.
Updated on August 15, 2016: The first quarter of 2016 has seen a return of investors to the Damascus Securities Exchange, although in real terms the price of stocks and the trading value remain well below their pre-uprising levels.
February saw an increasing interest by Syrian investors in the Damascus Securities Exchange.
The value of the shares traded during the first month of the year in the Damascus Securities Exchange almost doubled from December.
The value of trading in the Damascus Securities Exchange remained stable this week.
The assets of Syria’s private commercial banks increased 17 percent in the first half of this year in Syrian Pound terms.
The annual shareholders meetings of Syria’s commercial banks have seen some changes in their management and boards.
A large transaction on shares of Bank Audi Syria has helped lift the overall value of trading in the Syrian bourse.
Bank Audi Syria has announced that its branch in the city of Deir-ez-Zor had been robbed.
Bank Audi Syria has announced the appointment of a new Chief Executive Officer.
Bank Audi Syria has announced the appointment of a new Chief Executive Officer.
Trading activity continues to decline in the Syrian stock exchange where only a handful of transactions are now occurring every week.
Byblos Bank Sal, the Lebanese mother company of Byblos Bank Syria, is increasing its stake in its Syrian affiliate.
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