Syrian banks

Banks prosper in war-torn Syria

Bankers everywhere feel they are operating in a tough environment, but those working in Syria have perhaps the most difficult working environment on the planet. Even so, they are still making money.
A Syrian banker fills an ATM with money, beneath a portrait of President Bashar al-Assad AFP

Earlier this week, 305 people were killed in a single day in Syria, making it the bloodiest day so far in the year-old civil war. Bombings are rife, whole towns are being bombarded by tanks and planes, innocents are dying. But life has to carry on and life includes banking.

A fascinating report recently published by Bemo Saudi Fransi Finance BSFF, the Syrian investment bank, highlights the performance of the Syrian banking sector during the past quarter. What is amazing is the resilience shown...

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