VOL. XLVI

No 10

10-March-2003

SYRIA

Pioneering Foreign Banks See Good Potential For Syria, Despite Slow Pace of Reform

While Syria needs to take more measures to create the necessary environment for attracting private banks, the pioneers see good potential despite the slow pace of reform.So far, Lebanese banks Banque du Liban et dOutre Mer (BLOM) and Banque Europeenne pour le Moyen Orient (BEMO), and Jordans Arab Bank and Housing Bank of Trade and Finance have been given initial approval to...