Governor of the Central Bank of Syria (CBS) Adib Mayaleh affirmed in a press statement that banks in Syria have had an effective contribution to national economy, considering it a sign of growth and recovery despite the critical stage that Syria is passing through.

Several branches of a number of banks are under construction in different areas in Syria, Mayaleh added.

For his part, Mohammed Halabi, Chief Executive Officer of Al Baraka Bank Syria highlighted the importance of opening the bank’s tenth branch in Syria in Tartous, which is witnessing commercial and investment activity.

Al-Baraka Bank Syria started its operations in accordance with Shari’a principles during 2009 and has grown as an Islamic institution offering a variety of financing products and services that suit different market segments and address their financial needs, via a chain of 9 branches spread across the major cities in Syria.