SYRIA

 

Syrian Bank Recapitalization To Cost Up to $16Bn

 

Recapitalization of the Syrian state-owned banking system, post conflict, is estimated to cost between $10.5bn and $16bn, roughly about 20-30% of pre-civil war GDP of around $50bn, according to a new research published in November by Darien Middle East. The research adds that this is an amount of money which would “not preclude a rapid recapitalization, if western powers are willing to provide financial and...