Central Bank of Syria (389)

09-06-2011

The Central Bank of Syria has granted a license for the establishment of two new money changers.

30-05-2011

The Governor of the Central Bank of Syria said that deposits in the banking sector had risen by 3.2 percent in the first half of May, compared to the same period of April, reversing a decline that had begun in mid-March.

29-05-2011

Syria’s inflation rate measured on annual basis stood at 2.80 percent in April, from 2.74 percent in March and 4.22 percent in February, according to the Central Bureau of Statistics and the Central Bank of Syria.

05-05-2011

The Central Bank of Syria has announced a 2 percent average increase in interest rates in a bid to prop up the national currency.

14-04-2011

The Central Bank of Syria has allowed three state-owned banks to deal with foreign currencies.

14-04-2011

Syria’s inflation rate fell to 4.22 percent on a year-on-year basis at the end of February 2011, according to the Central Bank of Syria.

11-04-2011

The assets of the Syrian commercial banking sector increased 11.2 percent at the end of last year, according to the Central Bank of Syria.

29-03-2011

 Syria’s financial industry has posted another year of significant growth across all sectors, according to the latest Syria Report business guide, Corporate Syria: Banking and Finance 2009.
The global financial and economic crisis appears not to have impacted significantly the industry, the report says.

27-03-2011
The Syrian financial sector performed extremely well in 2007 according to the latest annual survey of the Syria financial sector, Banking and Financial Services Syria 2008.
Assets of the Syrian Banking Sector reached USD 34 billion at the end of 2007, an annual increase of 12 percent, while net credit facilities increased by 25 percent.
16-03-2011

Syria’s inflation rate continued to increase as the year began and stood at 7.13 percent on a year-on-year basis at the end of January, from 6.32 percent a month earlier, the Central Bank of Syria said.

08-03-2011
07-03-2011

The Central Bank of Syria has licensed two new money exchange bureaus.

07-03-2011

The Central Bank of Syria has issues the rules under which local residents can purchase foreign currencies to finance expenses incurred through their credit cards.

21-02-2011
Taxes and customs fees on a number of widely consumed food products have been reduced in Syria following two Presidential Decrees enacted on February 15.
21-02-2011

The Central Bank of Syria has further reduced the compulsory reserve requirements for local banks that extend a large part of their credit portfolio to SMEs and companies from the manufacturing and tourism sectors.

14-02-2011
Syria’s inflation rate rose to 6.32 percent on annual basis at the end of December 2010, according to the Central Bank of Syria.
13-02-2011
The Central Bank of Syria has licensed one new money exchange bureau.
31-01-2011

The Ministry of Finance has announced a timetable to sell SYP 30 billion worth of Government securities in 2011.

17-01-2011

Bab Rizq Jameel, a Saudi-funded microfinance institution operating in Syria since 2009, said it had created 5,986 new jobs in the country last year.

16-01-2011
The Central Bank of Syria has lowered the reference interest rates paid on time deposits by half a percentage point for the second time in less than five months.
10-01-2011

The Central Bank of Syria will seek to prioritise investment finance when devising its policies, Adib Mayaleh, the Governor of the Bank said.

27-12-2010

Syria and Turkey signed eleven cooperation agreements and confirmed the launch of six projects in the coming months at the end of the second meeting of the Syrian-Turkish High-Level Strategic Cooperation Council (STHLSCC) held in Ankara on December 20 ...

27-12-2010

The SYP 3 billion worth of medium term treasury bonds sold by the Central Bank of Syria last week were largely oversubscribed, according to the Ministry of Finance.

15-12-2010

The Syrian Government will sell treasury bonds next week after an auction for short-term bills, the first in decades, was held last Monday, Mohammad Hussein, Minister of Finance, told The Syria Report.

13-12-2010

The Ministry of Finance is issuing on December 13 SYP 2 billion worth of Treasury Bills with maturities of three and six months, the first issue of Government securities in decades.

22-11-2010

The Central Bank of Syria has licensed a new money exchange company and three bureaus.

08-11-2010

Taxes and fees are expected to represent an increased share of government revenues next year, while salaries of civil servants will remain unchanged, according to newly available details on next year’s budget.

31-10-2010
The Industrial Bank has issued the new list of interest rates it applies on deposit and saving accounts.
25-10-2010
The Central Bank of Syria has licensed a new SYP 50 million foreign exchange bureau in Homs.
18-10-2010
Assets held by Syrian commercial banks crossed the two-trillion mark, in Syrian Pounds terms, for the first time at the end of the first half of this year.
27-09-2010
The Central Bank of Syria has licensed two new foreign exchange ventures in Aleppo.
27-09-2010

Syria’s inflation rate stood at 2.18 percent on an annual basis at the end of July 2010, according to the Central Bank of Syria.

19-09-2010
The Central Bank of Syria has assigned new reference interest rates for deposits in local banks.
29-08-2010
The Arab Bank Group has decided to raise its stake in its Syrian affiliate, Arab Bank-Syria, which has recently announced plans to increase its capital to SYP 5.05 billion.
02-08-2010

The Central Bank of Syria has licensed a new money exchange company and five bureaus.

11-07-2010
The Central Bank of Syria has licensed a new money exchange bureau.
05-07-2010
The Central Bank of Syria has licensed a new money exchange company in Damascus.
07-06-2010
The Central Bank of Syria has licensed three new money exchange bureaus.
07-06-2010
Syria's commercial banks held total assets of SYP 1.99 trillion (USD 42 billion) at the end of the first quarter of this year, representing an annual growth of 14 percent, according to the latest figures of the Central Bank of Syria.
17-05-2010
Qatar National Bank (QNB) will raise its stake to 55 percent in its Syrian affiliate, QNB-Syria, which has recently announced plans to triple its capital to SYP 15 billion.
09-05-2010
The state-owned Real Estate Bank will own a minority stake in the financial intermediary firm currently under establishment by Qatar National Bank Syria.
29-03-2010

Syrianair will take delivery in April of two French-made ATR planes, the first planes the national carrier is acquiring in some fifteen years.

22-03-2010
The Central Bank of Syria has approved a request from Qatar National Bank Syria to set up a brokerage firm.
22-03-2010
The Central Bank of Syria has licensed a new exchange bureau.
15-03-2010
Ibdaa Small and Micro Finance Bank, Syria's first bank for the poor, should launch its operations within two months after its bylaws are approved.
08-03-2010
Gulf Finance House, a Bahrain-based Islamic investment bank, is setting-up an Islamic bank in Syria in joint venture with local partners.
01-03-2010

Bab Rizq Jameel for Microfinance has been licensed as the country’s second micro-finance institution by the Central Bank of Syria.