Service Description:
Registration of banking offices in the Bank Records
Service Documents:
- A letter dated and signed by the bank informing the Central Bank of Syria of the opening of a banking office for the bank, accompanied by:
· The detailed address of the office.
· Name of the office manager (office business supervisor).
· Telephone and fax number. The branch to which the office is associated.
· Date of commencement of work.
- Notice of payment of 50,000 Syrian pounds as an allowance for the office registration in the Banks Records.
Service Fee:
Registration allowance: 50,000 Syrian pounds.
Requirements:
- A letter to the bank stating that the office has been registered in the Banks Record.
Service Classification:
- Citizens
Service Description:
Granting approval to the appointment / replacement of the general manager of the bank based on the provisions of para 1, Article 23 of the Executive Instructions of Law No. 28 of 2001.
Service Documents:
- A dated and signed letter from the bank requesting the approval to appoint a new candidate to manage the bank.
- Minutes of the board of directors meeting signifying the approval of the appointment of the general manager.
- Personal Identification *
- Curriculum Vitae: A CV statement dated and signed by the person concerned and stamped with the bank’s seal.
- Criminal Record Extract: an unexpired criminal record extract.
- statement of Employment Status: an unexpired non-public servant status certificate.
- Proof of Residence Document: An unexpired proof of residence document.
- Notice of payment of 10 thousand Syrian pounds as an allowance for the replacement of the general manager of the bank after the bank receives a letter from the Central Bank of Syria stating the approval of the appointment of the new manager.
Service Fees:
Appointment allowance: 10,000 Syrian pounds as an allowance for appointing or replacing the bank manager.
Requirements:
Issuance of a decision by the Management Committee of the CBS approving the appointment of the bank manager.
Service classification:
Citizens
Service Documents:
First - Nomination Request: A duly submitted application for the candidate in accordance with the form approved by Article (1/Third) of Decision No. (584/ M.C.C) dated 11/10/2009 and its amendments, duly dated, signed and stamped with the seal of the bank requesting the nomination, attached to it the indicated documents (provided that they are signed by the concerned persons in the bank and stamped with its seal) which include the following:
A- Certified copy of identity documents.
B- Certified copy of the certificates and documents proving the candidate’s academic and professional qualifications.
C- A CV statement (in Arabic) that includes: The candidate’s experiences and capabilities, addresses and phone numbers of people he previously worked for, with each of the pages signed by him.
D- A recent criminal record extract or its equivalents in other countries.
E- A recommendation from one of the entities (personal, professional or financial) for which the candidate previously worked.
Second: The Banking Supervision may request any additional information it deems necessary for the purpose of evaluating the request and making the appropriate decision.
Service Requirements:
- Conducting a written test and an oral interview for the candidate.
- Issuance of a decision by the Monetary and Credit Council approving the appointment/mandate of the candidate.
The service documents required to be attached to the nomination letter submitted by the bank where he will be appointed are:
A- A CV statement, in both Arabic and English, outlining the academic and professional expertise in a clear and detailed manner, along with duly certified copies of the available certificates attached.
B- A copy of the candidate’s ID card.
C- A recent Non-Conviction Certificate issued less than three months prior to the date of submission (for male candidates).
D- A written undertaking that none of the cases stipulated in Articles (6) and (7) of Monetary and Credit Council Decision No. (15/ M.C.C) of 2003 - which includes the statute for accepting internal banking controllers in banks operating in the Syrian Arab Republic and the cases of withdrawing acceptance and its amendments - apply to the candidate.
E- A statement of approval to work as an internal banking controller at the bank in accordance with the provisions of Decision No. (15/ M.C.C) of 2003, enclosing the statute for accepting internal banking controllers in banks operating in the Syrian Arab Republic, cases of withdrawal of acceptance, and its amendments, as well as Decision No. (16/ M.C.C) of 2003, which includes the statute of internal banking controllers, the provisions of Section 8 of Part Four of the Central Bank of Syria Law, and the Basic Monetary Law No. 23 of 2002 and its amendments.
F- A statement of the agreement signed between the bank and the candidate regarding the monthly wage, and that the employment contract between the bank and the controller has been reviewed according to the form attached to Decision (672/M.C) for the year 2012.
Requirements:
- Conducting a written test and an oral interview for the candidate.
- The issuance of a decision by the Monetary and Credit Council approving the appointment/mandate of the candidate to the position of internal banking controller at the bank.
Service Description:
Approval for the bank to own real estate for use exclusively in practicing banking activities based on the provisions of Clause /2/, Paragraph /B/ of Article 12 of Law No. 28 of 2001.
Service Documents:
- A letter dated and signed by the bank requesting the approval of the bank’s ownership of the property, clarifying the value of the property and the reasons and justifications for owning the property.
Requirements:
A letter from the bank requesting approval to own the property.
Service Classification:
Citizens
Service Description:
Approval of the appointment of members of the bank’s board of directors in accordance with the provisions of Circular No. 1186/0/1 dated 6/1/2011.
Service Documents:
- A letter dated and signed by the bank requesting the approval of nomination for membership in the board of directors, accompanied by: Nomination forms for membership in the board of directors according to the approved form. Minutes of the board of directors meeting signifying the approval of the nominations and remuneration committee’s decision to approve the nomination. A letter from the legal person contributing to the bank stating the appointment of its representative on the board of directors. A copy of the identity document (personal ID - passport). A biographical statement dated and signed by the person concerned and stamped with the bank’s seal. An unexpired criminal record extract. An unexpired non-public servant document.
- Payment notice: Notice of payment of the appointment allowance for membership in the board of directors after the bank receives a letter from the Central Bank of Syria stating approval of the appointment of candidates to the bank’s board of directors.
Service Fees:
Appointment allowance: The allowance for appointing board members is (10) thousand Syrian pounds for each member.
Requirements:
A letter from the bank stating approval of the appointment of candidates as members of the bank’s board of directors, provided that the appointment is duly approved in the bank’s general assembly.
Service Classification:
Citizens
Service Description:
Approval of banks’ contributions to companies’ capital (incorporation - shareholding)
Service Documents:
A letter dated and signed by the relevant bank stating the request for approval of the contribution, specifying the type of company to be contributed to, its financial data (if the company is existing), its capital and the percentage of contribution required in it.
Requirements:
Issuance of a decision by the Monetary and Credit Council approving the contribution/incorporation
Service Classification:
Citizens
Service Description:
Approval of technical cooperation agreements with the bank’s strategic partner
Service Documents:
- A letter dated and signed by the bank requesting approval of the agreement to be concluded between the bank and its strategic partner.
- The Draft agreement, which should be prepared in accordance with the Companies Law, the Governance Guide, and the applicable laws and regulations in this regard.
Requirements:
Issuance of a decision by the Central Bank of Syria approving the agreement.
Service classification:
Citizens
Service Description:
Approval to cancel a bank branch registered in the Bank Records and terminate its operations.
Service Documents:
A letter dated and signed by the bank requesting approval to cancel a branch, explaining the reasons and justifications for the cancellation.
Requirements:
Issuance of a decision by the Management Committee of the CBS approving the cancellation of the branch and its removal from the Bank Records.
Service Classification:
Citizens
Service Description:
Approval to replace a branch manager at the bank.
Service Documents:
- A letter dated and signed by the bank informing the Central Bank of Syria of the replacement of the branch manager (resignation - transfer - ending of mandate) and proposing a new candidate, who satisfies the controls and standards specified in Decision No. 690/M.C dated 5/11/2011, to manage the branch.
- Curriculum vitae: The candidate’s detailed CV, dated and signed by the person concerned and stamped with the bank’s seal on all pages.
Requirements:
A letter from the bank stating that the manual has been amended in relation to the branch manager in the event of approval or the suggestion of another candidate.
Service classification:
Citizens
Service Description:
Approval to relocate a bank branch registered in the Bank Records.
Service Documents:
- A letter dated and signed by the bank requesting the approval to change the branch location, explaining the reasons and justifications for the relocation.
- Payment notice: Notice of payment of an amount of 50.000 Syrian pounds as an allowance for amending the branch location in the Bank Records.
Service fees:
Relocation allowance: 50.000 Syrian pounds.
Requirements:
A letter to the bank stating the amendment of the branch address in the Bank Records.
Service classification:
Citizens
Service Description:
Granting approval for operating banks to enter contract with Syrian internal money transfer companies in accordance with the provisions of Decision No. (1740/ M.C) dated 11/28/2011.
Service Documents:
Draft contract before signing.
Requirements:
Issuance of a decision by the Management Committee approving the contract.
Service Classification:
Citizens
Service Description:
Approving the opening of new branches of banks operating in the banking sector.
Service Documents:
- A dated and signed letter from the bank: The phase of studying the opening of the branch: A dated and signed letter from the bank requesting the approval to open a branch of the bank.
- Economic feasibility study: A study of the economic feasibility of opening the branch.
- Notice of payment: Notice of payment of 250.000Syrian pounds as expenses for studying the opening of the branch.
Service Fees:
Examination and study expenses: 250,000 Syrian pounds.
Requirements:
A letter from the bank stating that the branch has been registered in the Bank Records and that it is allowed to commence work
Service Classification:
Citizens
Temporary closure of branches
Service Documents:
A letter dated and signed by the bank requesting the approval of the temporary closure of the branch, stating the reasons and justifications for the closure and specifying the required closure period.
Service Classification:
Citizens
Service Description:
Approving contracts between operating banks in Syria and Arab and foreign companies that own global transfer networks or with their agents, in accordance with the provisions of Decision No. (48/ MC) dated 1/6/2010 and its amendments, and Decision No. (1739/ MC) dated 11/2011. /28
Service Documents:
- A commercial register for the foreign or Arab company, duly certified and translated into Arabic by a sworn translator in Syria, accompanied by the locations of the company’s branches worldwide.
- Agency Contract: Proof of the agency of the foreign or Arab company if the contract is through an agent of the company that owns the transfer network.
- The draft contract before it is signed.
Requirements:
Issuance of a decision by the Management Committee of the CBS approving the contract.
Service Classification:
Citizens
Service Description:
Branch registration phase.
Service Documents:
- Notice of payment: Notice of payment of (750.000) Syrian pounds as branch registration expenses.
- Branch information: telephone, fax and e-mail numbers.
- Personal information document: The name of the proposed branch manager who satisfies the controls and standards specified in Decision No. 690/M.C dated 5/11/2011.
Service Fees:
Registration expenses: 75,000 SYP as branch registration expenses.
Service Classification:
Citizens.
