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Banking Sector Assets Grow by 97%

Banking sector assets have grown by around 97 percent, writes Al-Watan.
Banking Sector Assets Grow by 97%

The assets of the banking sector in Syria achieved a growth rate of 97 percent as of October 2020, compared to the end of 2019. This is equivalent to an increase of 7,782 billion Syrian pounds, of which 5,201 billion pounds were by public banks, 1,425 billion pounds were by traditional private banks, and 1,155 billion pounds were by private Islamic banks.

According to the Central Bank’s weekly report, Issue 10 (2021), public banks contributed 68 percent of the total increase in banking sector assets until October 2020, compared to the end of 2019, while traditional private banks contributed 18 percent, and Islamic banks contributed 14 percent.

 

This article was translated and edited by The Syrian Observer. The Syrian Observer has not verified the content of this story. Responsibility for the information and views set out in this article lies entirely with the author.

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