Savings Bank (62)


The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.


The Central Bank of Syria allowed local banks to resume lending facilities to their clients on September 08 after a suspension of three months.


The Syrian minister of health has acknowledged the minuscule number of daily Covid-19 tests being carried out, while the economic consequences of the crisis appear to be increasingly serious.


The Central Bank of Syria has said that it repaid the certificates of deposit it issued last year. The payment was made on their maturity date of February 23.


A full breakdown of Syria's 2020 budget with current and investment expenses detailed for each item in the budget.


In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.


The Real Estate Bank has announced that it generated profits in 2019 for the second year in a row, after years of losses.


A full breakdown of Syria's 2019 budget with current and investment expenses detailed for each item in the budget.


Syria’s state banks have improved the recovery rate of their bad debts, but loans worth billions of dollars will never be paid back.


Providing guarantees for loans to SMEs and microfinance projects


The Popular Credit Bank, one of six state-owned banks in the country, said that it was resuming lending to professionals.


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


The Sheraton Aleppo Hotel is expected to reopen partially in the next few days some six years after it shut down.


In this 2,200-word factsheet we provide a profile of Marota City, the most controversial investment project in Syria.


A full breakdown of Syria's 2018 budget with current and investment expenses detailed for each item in the budget.


Despite its large portfolio of non-performing loans, the Commercial Bank of Syria has disbursed a significant amount of money to help fund infrastructure work in the controversial Basatin Al-Razi development.


A full breakdown of Syria's 2017 budget with current and investment expenses detailed for each item in the budget.


The Ministry of Finance has obtained a freeze on the assets of dozens of the largest debtors of the country’s state-owned banks.


A new law regulating the repayment of debts owed to Syria’s public sector banks was passed last week as the Government seeks to recover as much funds as possible.


The U.S. Government has blacklisted several companies based in Cyprus and Lebanon for providing material support to the Syrian Government.


The European Union and Canada have expanded the blacklists of Syrian individuals and entities they are sanctioning on the back of the handling by the Syrian authorities of the popular uprising gripping the country.


Two laws signed by the Syrian President have formally extended the deadline for the capital increase of local banks.


The assets of the Real Estate Bank frozen by the European Union amounted to only USD 4 million, according to Al-Watan, a local daily.


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


Bab Al-Faraj Tourism and Hotels, the company that owns the Sheraton Aleppo Hotel, is raising its capital by an additional SYP 52 million after it received the go ahead from the SCFMS.

The Syria Government has raised SYP 13 billion from local banks to finance its 2010 cotton crop, according to a local media.

The number of bank branches managed by the public and private sector across Syria reached 481 at the end of September.

HOBOOB, or the state-owned General Organisation for Cereals Trade and Processing, has secured the total financing it requires to purchase the 2010-2011 wheat crop.
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.
Qatar National Bank Syria has formally begun its operations from its main branch in Baghdad Street in Damascus on November 15.
A presidential decree has increased the nominal capital of the four state-owned Banks from SYP 1.5 billion to SYP 10 billion each. The banks are the Real Estate Bank, the Industrial Bank, the Savings Bank and the Popular Credit Bank.

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.

Qatar National Bank Syria (QNBS) has elected its board of directors and appointed a general manager to run its operations in Syria.
Qatar National Bank-Syria has announced that its initial public offering was more than 2.5 times oversubscribed, after a nearly month-long subscription period closed on August 10, 2009.

Production of fertilizers and agrochemicals


Qatar National Bank-Syria will launch its IPO on July 12 and begin operations in the last quarter of the year.

The Syrian-Qatari Holding Company and the Industrial bank are still holding discussions to set-up a joint bank, Mohammad Hussein Minister of Finance said.
Qatar National Bank-Syria has received the go ahead from SCFMS, the financial regulator, to organize an IPO.
The Real Estate Bank and the Savings Bank, two state-owned institutions have been allowed to deal with foreign currencies.

Pioneers Syria has announced that it will manage the initial public offering of Qatar National Bank-Syria.

Qatar National Bank has received a formal approval to set up a bank in Syria.
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.

Several new individuals have been named by PM Naji Al-Otri to chair the Board of Directors of the six state-owned banks and of the Syrian Insurance Company.

2007 saw the arrival of Islamic banks in the Syrian market for the first time ever, as well as a continued interest from traditional banks in the region.

The Syrian Commission on Financial Markets and Securities has given its nod to Bab Al-Faraj Company to raise SYP 500 million through a capital increase.