23.02.2012 - Syria's banks face struggle to survive as turmoil spreads
Net profit at Chambank, one of three private Islamic banks in Syria and 32 percent owned by Commercial Bank of Kuwait, soared 553 percent last year, standing out among a string of strong earnings reports from the banking sector. "A lot of the Syrian private banks held a lot of dollars and because of that this gave them a huge windfall. They took advantage and made exceptional profits," said Talal Samhouri, a Jordan-based financial expert and asset manager...............................................Full Article: Source
Print