Unloved banks look to reform

Headline: Unloved banks look to reformSource: EuromoneyDate: July 2001Author: Philip Moore Syrians don’t trust domestic banks. Many would rather deposit their cash in Beirut than entrust it to the locals. Reform has a long way to go. Meanwhile the government, undaunted by the weak financial infrastructure, is proposing the establishment of a stock exchange.   […]

Headline: Unloved banks look to reform
Source: Euromoney
Date: July 2001
Author: Philip Moore

Syrians don’t trust domestic banks. Many would rather deposit their cash in Beirut than entrust it to the locals. Reform has a long way to go. Meanwhile the government, undaunted by the weak financial infrastructure, is proposing the establishment of a stock exchange.

       
Damascus: faces competition from
Lebanon in financial services
It is often said that for financial services Lebanon is to Syria what Hong Kong has been to China.






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