FRANSABANK SYRIA PROFILE

In 2007 Fransabank Syria was granted a license under the decree nº 32/m/o to be established  .

In July 2008 Fransabank Syria was registered in the commercial registry under the register nº 15413 Damascus, and in September 2008, the Central Bank of Syria officially acknowledged the presence of the bank and attributed it with the nº18 on the list of banks in Syria. The bank began its operations four months later, in January 2009.

Fransabank Syria started its operations as a universal bank intending to offer full fledge banking services to Corporate and Retail customers, through a wide branch network covering the major districts of the Syrian market.

Despite the ongoing crisis, Fransabank Syria continued to adapt its strategies allowing it not only to overcome yet another difficult economic environment but also to succeed in making acceptable levels of returns by staying in close contact with its clients and business associates. The preemptive measures deployed in the early years of the crisis, the actions taken, as well as the on sight proactive approach regarding the Business Continuity Plan allowed the bank to preserve, in the best possible way, its assets and its shareholder's rights.

The sound levels of notoriety reached and finances realized allowed the bank to reach a desirable level of Net Shareholders Equity.

The bank’s staff are fully engaged in operating the bank’s headquarter and branches spread in Damascus, Rif Damascus, Aleppo, the Coast and the Center, and are considered as the bank’s most valuable asset during the crisis.

 

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