Commercial Bank of Syria CBS-Bank

The Commercial Bank of Syria, throughout its long history not excluding the recent years of competition, has managed to maintain its leading position among Syrian banks. It continues to capture a very large share of the total banking activity in Syria, be it on the level of deposits, loaning or profits in the local market. When CBS was created its capital amounted to one hundred and fifty million Syrian Pounds. But its capital was raised gradually to become seventy billion Syrian Pounds (by virtue of Legislative Decree No. 35 of 2006), which has consequently contributed to a more comprehensive enhancement of its capabilities, and to the achievement of a greater financial standing towards its clients and correspondents. The Syrian banking market, however, has recently witnessed a marked advancement of the Commercial Bank of Syria, that has grown for a year now to be a paperless bank, especially as it has completed its shift to electronic system of communication and gi...