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Syria licenses five private banks; two Lebanese
Syria, Economics, 12/24/2002
The Syrian cabinet on Saturday approved the foundation of five private banks in Syria owned by entities which are not Syrians. The banks are: the Bank of Bahrain; the Bank of housing, trade and supply ( Jordan); the bank of Lebanon and the expatriate; The European Bank for the Middle East ( Lebanon) and the Arab Bank ( Jordan).
Last year, 2001, the Syrian parliament voted a decision for the foundation of private banks in order to improve the service quality of the banking sector and to encourage investments in the private sector.
Previous Stories:
Syrian-Russian Economic Cooperation reviewed
(12/20/2002)
Al-Refaee inaugurates WB group symposium on private sector
(12/16/2002)
Syria's economy minister: decisions will show result very soon
(12/16/2002)
Syria opens up for founding private banks
(4/22/2002)
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