Syrian Affiliates of Lebanese Banks See Fall in Assets

Aggregate assets of seven Lebanese banks operating in Syria reached SYP324 billion, $5.8billion, at the end of 2011, down by of 17.2 percent from end-2010, according to financial results issued by the affiliates of the seven Lebanese banks.The decline was attributed to the drop of 30.3% in the assets of Banque BEMO Saudi Fransi, Bank of Syria & Overseas and Bank Audi Syria.


The aggregate net profits of the seven banks, however, totaled SYP2 billion, $36.8 million in 2011, up by 3.5 percent from 2010.


photo thearches' photostream


Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.


  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.




  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...


Member login

Request new password