PM Khamis Stresses Need to Protect Privacy, Tackle Loopholes in Banking Sector

Working group agrees to address shortcomings in banking sector following Central Bank meeting with Syrian prime minister

Prime Minister Imad Khamis on Tuesday chaired a meeting at Syria’s Central Bank on financial strategies regarding managing funds, public and private banks, foreign currency, and e-banking.

Khamis stressed the need for developing banking to achieving the highest degree of protection and privacy, affirming the importance of addressing any loopholes or shortcomings in the sector.

He said that the government is currently working to implement a clear strategy for loans, adding that efforts are being made to address overdue loans and punish those who abused the system in the past.

Attendees at the meeting agreed to form a team to evaluate the bank in computerization and e-payment, developing financial and banking policies, and improving human resources.

For his part, Finance Minister Mamoun Hamdan underlined the importance of financial archiving, noting that work is underway to computerize the state general budget in order to help in monitoring.

This article was edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.


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