Damascus-SANA
The volume of credit facilities granted by traditional private banks in Syria recorded a record high during the first half of this year, reaching 1198 billion Syrian pounds, compared to 679 billion pounds during the same period last year.
According to the weekly economic report issued by the Central Bank of Syria, the credit facilities granted by traditional private banks, i.e. (all private banks with the exception of Islamic ones) rose at an estimated growth rate of about 76 percent in the first half of this year, an increase of 519 billion pounds over last year.
The private sector's share of the above-mentioned credit facilities amounted to about 99.7 percent of the volume of facilities, according to the same report, compared to 0.3 percent of the public sector's share of these facilities until the end of June of this year.
Waseem Al-Adawi