Byblos Bank (173)

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.

10-02-2021

Syrian businessman Nader Qalei, a prominent member of the Sunni-Damascene business elite and regime supporter, died in Beirut last week after suffering from symptoms of Covid-19, local media reported.

20-01-2021

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.

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.

16-12-2020

Nader Qalei has been acquitted of charges that he had violated Canada’s economic sanctions against Syria, according to Canadian media.

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.

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.

20-05-2020

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

20-05-2020

Insurance premiums in Syria increased last year despite remaining only a fraction of their pre-2011 level in real terms.

11-05-2020

The rise of Rami Makhlouf as Syria’s most prominent businessman coincided with the ascent to power of Bashar Al-Assad in 2000. Given his long history of influence within the ruling elite, Mr Makhlouf’s recent side-lining raises many questions about the potential implications of his fall from grace.

05-02-2020

The Damascus Securities Exchange started the year with a mixed performance despite a rise in its two main indexes.

11-12-2019

In this factsheet, we look at Syria’s economic relations with the United Arab Emirates.

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.

30-10-2019

The trial of Nader Qalei in Canada will take place in May next year as the Syrian investor is expanding his investments back home.

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.

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).

15-05-2019

The United States has renewed for one more year the sanctions it has been imposing on Syria from before the popular uprising.

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.

30-01-2019

European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.

15-01-2019

Qatar National Bank Syria has announced the resignation of its CEO, the third such executive to resign from Syria’s top private banks in the past six months.

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.

24-07-2018

Syrian banks are expanding again their branch network as they seek to capitalize on the improving security situation across the country.

02-07-2018

The main index of Syria’s stock exchange remained unchanged last month as trading volumes declined significantly.

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.

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.

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