Damascus-Sana
The assets of banks operating in Syria increased by 97 percent during the 10 months until last October compared to the end of 2019, equivalent to 7782 billion Syrian pounds.
According to the weekly economic report issued by the Central Bank of Syria, the assets of public banks reached during the aforementioned period 5201 billion Syrian pounds, the traditional private banks amounted to 1425 billion pounds, and the Islamic private banks amounted to 1155 billion pounds.
According to the report, public banks contributed 68 percent of the total increase in banking sector assets until October 2020 compared to the end of 2019 compared to the contribution of traditional private banks by 18 percent and Islamic banks by 14 percent.
And the Central Bank had announced in a previous report that deposits in public and private banks recorded a growth rate of 64 percent until the end of November of last year compared to the end of 2019.
Wasim Al-Adawi
