Financial and Banking News


Syrian-Jordanian Bank Plans Restructuring 

The Syrian-Jordanian Bank, set up in 1980 to promote trade between the two countries and equally owned by the two governments is to be restructured and renamed. The bank's original share capital of JDl.6mn ($4.1mn) is to be increased to a minimum of JD5mn ($12.8mn), of which up to 25% is to be raised by public subscription, with the remainder to come from Jordanian public sector institutions.