VOL. XLVI

No 41

13-October-2003

SYRIA

REGIONAL BANKING

Syrian Private Banks Prepare For Take Off In 2004

Two Lebanese banks and one Jordanian bank are in the process of soliciting subscriptions to the share capital of private banks they plan to open in Syria in early 2004. These will be the first such banks to be set up in that country since the nationalization of the Syrian banking sector in the 1960s. The new banks are being established under a Syrian Council of Ministers decree of 30 April...