Bank of Syria and Overseas (191)

12-04-2021

This 2,200-word factsheet provides a profile of the Commercial Bank of Syria, the country's largest lender, whose history goes back to the Ottoman Empire and which is now under western sanctions.

31-03-2021

The four representatives of the Lebanese Byblos Bank SAL (BYB) resigned from the board of its Syrian subsidiary this week, potentially paving the way for it to quit the country.

06-01-2021

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.

25-11-2020

This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2020.

25-11-2020

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.

11-11-2020

The international accounting firm Deloitte’s regional branch decided to close its offices in Syria at the start of the year, joining a growing list of large professional-services firms which have left Syria since the start of the conflict, The Syria Report has learned.

04-11-2020

The value of shares traded in the Damascus Securities Exchange last month fell to its lowest level in over two years.

07-10-2020

All the main indicators of the Damascus Securities Exchange posted negative growth during the third quarter of this year.

08-07-2020

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.

08-07-2020
This list of tables provides data on the main indicators of Syrian private sector banks as of December 31, 2019.

24-06-2020

The table below lists 68 companies known to be affiliated with Rami Makhlouf.

24-06-2020

The Central Bank of Syria has raised SYP 74.3 billion from its latest certificates of deposit issue, while some banks are restricting access to cash.

17-06-2020

The Caesar Act has hardly been implemented before starting to make its impact felt in Syria: the withdrawal of a Lebanese company from the market has suspended the ATM networks of most private banks operating in the country.

20-05-2020

Syrian banks are raising their capital to meet regulatory requirements after a decision banned them from paying dividends.

06-05-2020

On March 04, Syrian President Bashar Al-Assad headed for the first time a meeting of the task force formed to confront the Coronavirus.

20-11-2019

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.

09-10-2019

This table lists the main companies we have identified that are linked to the eight investors whose bank accounts were frozen on October 7, 2019.

09-10-2019

The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.

02-10-2019

The two indices of the Damascus Securities Exchange have posted their strongest monthly decline in years, a particularly significant change given the relatively large volume of trading.

03-09-2019

Trading was dull at the Damascus Securities Exchange last month and not much seemed able to bring interest back into the market.

24-07-2019

This table lists all Syrian public joint-stock companies active as of July 2019 with the value of their capital (in million SYP).

15-04-2019

Blom Bank has said that it would not return to Syria unless western sanctions are lifted, the most explicit statement yet on the reluctance of Lebanese banks to operate in the Syrian market.

26-03-2019

Several Syrian banks have reopened a branch in the southern city of Daraa as they start a slow expansion of their network.

27-02-2019

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.

06-02-2019

In a month marked by the listing of Syriatel, almost all stocks that were traded in relatively important volumes in the Damascus Securities Exchange fell.

17-12-2018

Fransabank Syria has announced the resignation of its Lebanese chairman, confirming the dissociation policy adopted by Lebanese banks operating in the country.

25-09-2018

Providing guarantees for loans to SMEs and microfinance projects

18-09-2018

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.

17-09-2018

This list of tables provides data on the main indicators of Syrian private sector banks as of June 30, 2018.

19-06-2018

The assets, credits and deposits at the 14 private sector banks in Syria. 

19-06-2018

The operating income and profits of Syria's 14 private sector banks in 2017. All numbers are in million Syrian pounds.

19-06-2018

The balance sheets and income statements of Syrian banks show an improvement in their performance last year.

22-01-2018

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

12-12-2017

The main index of the Syrian stock exchange reached a new high for the year as it continued to rise in November, albeit at a slower pace than in the previous month.

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.

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

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.

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.

08-03-2016

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

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.

13-07-2015

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

25-06-2015

A large transaction on shares of Bank Audi Syria has helped lift the overall value of trading in the Syrian bourse.

23-03-2015

Syria’s stock market index was unchanged last week, while trading values remained low.

09-03-2015

The value of the trading in the Syrian bourse last week was a paltry USD 35,000.

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.

16-02-2015

Syria’s stock market index lost almost one percent last week falling under the 1,240 mark for the first time since April of last year.

09-02-2015

Only seven stocks were traded last week in the Damascus Securities Exchange, less than a third of total listed stocks.