Central Bank of Syria Expects $1 Billion in Foreign Capital to Establish New Banks

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Central Bank of Syria Expects $1 Billion in Foreign Capital to Establish New Banks Welat TV – Erbil Central Bank of Syria Governor Mohammad Safwat Raslan expects foreign capital flowing into Syria to establish new banks to exceed $1 billion in the coming period. Speaking to SANA on Sunday, September 27, Raslan said there are existing standards and executive instructions for licensing both Islamic and conventional banks. He said the key criteria include applicants’ experience and reputation, the financial solvency of founders, and the requirement for a strategic banking partner to hold at least…