Syrian Cabinet approves three private banks

In its yesterday's meeting, chaired by the prime minister Muhammad Mustafa Miro the Syrian cabinet approved the founding requests of three private Banks.

The Housing Bank for trade and financing to establish a bank by the name of the "International Bank for trade and finance," "Lebanon's and al-Mahjar ( expatriates ) bank" to found a bank under the name of "Syria and al-Mahjar;" and the European Bank for the Middle East to found a bank under the name "The Saudi- French Bimo Bank."