DAMASCUS, (SANA)- Deputy Executive Manager of Saudi –French Bemo Bank in Syria Manar Tawakul said that the bank is a Syrian legally independent bank, adding that the performance and continuity of the banking operations in it will not be affected by the changing of its shareholders or the percentage of their ownership as the bank will remain committed to serve its customers on the best way as always.
In a statement to press on Tuesday, Tawakul pointed out that there is no administrative or training agreements between the Saudi-French Bemo Bank (BBSF) and the Saudi-French Bank (BSF), noting that there are no managing staff or joint administrative techniques which directly or indirectly affect the dealings of the Saudi-French Bemo Bank and its banking services.
He pointed out that a big number of the Syrian founder and strategic shareholders in the bank and a large group of investors have expressed their desire to buy the share of the Saudi-French Bank in the Bemo Bank amounting to 27 percent of the total stocks due to their trust that the financial situation of the bank is strong and of promising economic future.
Boards of Directors of the Saudi-French Bank decided last Saturday to sale its share in the Saudi-French Bemo Bank and to resign from the membership of the Board of Directors of the Bemo Bank.
Syrian banks are now dealing with unprecedented Arab sanctions that go all the way to banning dealing with Syria's central bank.