Conventional private banks have been operating in Syria since 2004, based on Decree No. 28 of 2001, which allowed their establishment. These banks carry out their activities under the supervision and control of the Central Bank of Syria in accordance with the provisions of the Basic Monetary System No. 87 of 1953, and its amendments by Law No. 23 of 2002 and the subsidiary currency regulations.
The first private commercial bank in Syria commenced operations in 2004. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2009, the bank has been listed on the Damascus Securities Exchange, with a capital of 10,000,000,000 Syrian pounds.
A private commercial commenced operation in 2006. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2010, the bank has been listed on the Damascus Securities Exchange, with a capital of 10,000,000,000 Syrian pounds.
A private commercial bank commenced operations in 2005. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2009, the bank has been listed on the Damascus Securities Exchange, with a capital of 5,724,500,000 Syrian Pounds.
A private commercial bank commenced operations in 2005. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2009, the bank has been listed on the Damascus Securities Exchange, with a capital of 6,120,000,000 Syrian pounds.
A private commercial bank commenced operations in 2009. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2011, the bank has been listed on the Damascus Securities Exchange, with a capital of 5,250,000,000 Syrian pounds.
A private commercial bank commenced operations in 2008. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2010, the bank has been listed on the Damascus Securities Exchange, with a capital of 3,000,000,000 Syrian pounds.
A private commercial bank commenced operations in 2009. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2010, the bank has been listed on the Damascus Securities Exchange, with a capital of 4,125,000,000 Syrian pounds.
A private commercial bank commenced operations in 2009. Operating as a joint-stock company, it is governed by the regulations stipulated in the Central Bank of Syria Law, the Basic Monetary System Law No. 23 of 2002, and Law No. 28 of 16 April 2001. Since 2010, the bank has been listed on the Damascus Securities Exchange, with a capital of 15,000,000,000 Syrian pounds.
