Central Bank of Syria (422)

15-09-2005

Dureid Dergham, Director-General and Chairman of the Board of Directors of the Commercial Bank of Syria (CBS) has announced that Syria’s largest bank has started offering medium to long-term loans to individuals as well as to the private sector ...

15-09-2005
The Central Bank of Syria (CB) is preparing a money dealers law, the CB's governor Adeeb Meyala told the Syrian daily newspaper Al-Thawra.
15-09-2005
Syria’s most respected economists delivered a harsh verdict on the state of the country’s economy, calling for radical reforms to the public sector and financial management in a series of discussion papers presented at the special meeting o...
01-08-2005
The Central Bank of Syria (CB) has no plans to float the Syrian Pound as the country’s foreign currency reserves are “very comfortable” and the level of exchange with international markets remains comparatively low, the Governor of th...
16-03-2005

The Central Bank of Syria announces a series of measures to ease lending to investors. These include some ground breaking measures such as the authorization for Syrian banks to extend credits in foreign currencies to local importers.

16-03-2005
The current pressure to drive Syria out from Lebanon has started to have some effects on economic relations between the two countries.
10-01-2005

The Central Bank of Syria has a new Governor, Adib Mayaleh. Mayaleh was appointed by a Presidential decree issued on January 2.

01-08-2004
Western Union (WU), the world-wide money transfer services company, is expanding its network in Syria.
01-07-2004
Société Générale's (SocGen) bid to enter the Syrian market has been suspended, with the US imposed sanctions on Syria rumoured to be the main reason behind that move.
01-07-2004
The International Bank for Trade and Finance has finally started operations after its inauguration ceremony held on June 6.
01-02-2004
The first few weeks of private sector activity have appeared somehow bumpy for the Syrian banking sector. Indeed, two major controversies have already marked the beginning of the year.
01-02-2004
According to Zone News, an Arabic language portal, 50 foreign banks have forwarded applications to open a branch in Syria.
01-02-2004

The management by the Central Bank of Syria (CB) of its rates policy has been at best, very, very erratic.

01-01-2004
The Credit and Monetary Council (CMC), the highest financial authority in the country has brought down interest rates charged and paid by the country's state banks.
01-01-2004
The opening ceremony of the Bank of Syria and Overseas (BSO), also known by its French acronym, Banque de Syrie et d'Outre-Mer, was held on Wednesday, 7 January.
01-11-2003
The supervising authority over the Central Bank of Syria has been transferred to the Prime Minister, following a decision issued by him.
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.
13-05-2002

Salah Kamel, head of the Saudi Dallah Al-Baraka conglomerate has announced that it had forwarded an application for the set up of a private bank in Syria.

14-02-2002
Societe Generate, one of France's leading commercial banks, is studying with the Syrian government the project of setting up a banking network in the country.
21-01-2002
Industrialists have forwarded a request to the Ministry of Industry, to drop interest rates charged on credits allocated to them.
21-01-2002
Industrialists have forwarded a request to the Ministry of Industry, to drop interest rates charged on credits allocated to them.