Central Bank of Syria (502)

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.

08-02-2010
The Central Bank of Syria has licensed a new money exchange bureau which will operate in the city of Homs.
08-02-2010
EFG-Hermes Holding, an investment bank in Egypt, has said that it wanted to open a fully-fledged unit in Syria before the end of this year.
31-01-2010

The Central Bank of Syria (CB) has licensed a new money exchange firm and a new bureau.

18-01-2010
The Loan Guarantee Institution-Syria (LGIS) has announced the beginning of its operations with the signing of its first cooperation agreement with Syria Gulf Bank (SGB) on January 13.
11-01-2010
The Central Bank of Syria has licensed a new money exchange company to be based in Damascus.
28-12-2009
The Central Bank of Syria has licensed three new money exchange bureaus.
07-12-2009
The Central Bank of Syria (CB) has issued a decision allowing local banks to finance the purchase of cotton for the coming season by the General Organization for Cotton Ginning and Marketing.
09-11-2009

The Central Bank of Syria has licensed six new foreign exchange bureaus.

09-11-2009
Trading activity the Damascus Securities Exchange rose last week, as the Syrian bourse elected its new board of directors.
19-10-2009
Trading at the Damascus Securities Exchange rose again last week, as the Syrian bourse elected its new Board of Directors.
05-10-2009
The Syrian Government granted on September 30 a formal license to a new commercial bank, Aman.
05-10-2009

The Syrian Government has approved a draft text requiring local private commercial banks to increase their minimum share capital to SYP 10 billion, or some USD 217 million.

21-09-2009
Foreign Direct Investment in Syria reached USD 2.1 billion in 2008, an increase of 70 percent compared to the previous year, according to UNCTAD.
07-09-2009
The Central Bank of Syria has granted its preliminary approval to the Commercial Bank of Kuwait to increase its stake in Cham Bank.
27-07-2009
Listed companies have posted huge increases in their stock price and market activity is increasing steadily since the launch of the securities exchange, Mohammad Jleilati, executive director of the DSE, said.
29-06-2009
Bank of Jordan-Syria is doubling its capital to SYP 3 billion through a rights issue.
15-06-2009
The Credit and Monetary Council has reduced the compulsory reserve requirements for commercial banks in order to encourage lending to the industrial sector.
08-06-2009
The Real Estate Bank and the Savings Bank, two state-owned institutions have been allowed to deal with foreign currencies.
08-06-2009

The Central Bank of Syria has licensed two new foreign exchange bureaus and cancelled the licensed granted to a third one.

 

The Central Bank of Syria has licensed two new foreign exchange bureaus and cancelled the licensed granted to a third one.

17-05-2009

The Ministry of Finance has deposited SYP 1 billion (some USD 20.8 million) in the account of the Agricultural Support Fund opened at the Agricultural Cooperative Bank.

10-05-2009

Profits at the Commercial Bank of Syria stood at SYP 40 billion in 2008, according to its Managing Director, Dureid Dergham.

19-04-2009

The International Bank for Trade and Finance (IBTF) is increasing its capital to SYP 5 billion to raise its capital adequacy ratio and finance its expansion.

15-03-2009

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

15-02-2009

The global financial crisis is making access to capital more difficult for Syrian corporations, according to Louay Habbal, Managing Director of Pioneers Syria.

26-01-2009
Assets of the Syrian banking sector continued to rise in the third quarter of last year, data released by the Central Bank show.
26-01-2009
The Central Bank of Syria has licensed a new Foreign Exchange firm in Idlib.
05-01-2009

Pioneers Syria is to manage IPOs and capital increases of at least six companies in the coming few months.

22-12-2008

The Arab Monetary Fund is providing a loan of USD 45 million to support the structural reform of Syria's banking and financial sector.

01-12-2008
Syria’s GDP growth should continue at moderate to high levels in the coming years, its fiscal and current account deficits be contained at around 3 and 4 percent respectively and its CPI fall back to single digits, according to preliminary findin...
24-11-2008
The number of branches operated by private banks in Syria rose to 92 at the end of October, or a quarter of the entire banking network, according to the Central Bank of Syria.
20-10-2008

The Central Bank of Syria has granted a license to two new money exchange firms.

13-10-2008
Syrian officials do not seem to agree yet on the consequences on their economy of the financial crisis taking hold in most of the World.
29-09-2008
Syria attracted USD 885 million in foreign direct investment last year according to the 2008 World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD).
18-08-2008
Aref Investment Group, a Kuwaiti holding, will begin construction works on a USD 320 million real estate development in Syria early 2009.
28-07-2008

The Central Bank of Syria has loosened its restrictions on foreign currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to USD 10,000 from their Syrian Pound accounts.

28-07-2008

The International Finance Corporation, a subsidiary of the World Bank, is among the founding shareholders of Nour Islamic Bank, an institution under establishment in Syria.

14-07-2008
Over a year after they were first allowed to operate in the market, money exchange firms remain frustrated by the lack of regulatory progress.
07-07-2008

The Industrial Bank of Syria has changed the rates it pays its clients on deposit accounts following the decision by the Central Bank giving local banks more flexibility.