The Central Bank of Syria is in charge of banking in Syria, as well as all foreign exchange and trade activities. In 1966, Syria’s commercial banks were all nationalized. The Central Bank prioritizes lending to the public sector, but the private sector frequently banks abroad, which is a more expensive procedure and thus a poor solution to industrial finance needs. Many businesspeople travel to foreign countries to deposit or borrow money. Syrians have deposited $6 billion in Lebanese banks, according to estimates.
Banks in Syria
This is a list of banks in Syria:
- Commercial Bank of Syria
- Industrial Bank of Syria
- Agricultural Cooperative Bank
- Popular Credit Bank
- Real Estate Bank
- Saving Bank
Private and Foreign Banks
- Bank of Syria and Overseas
- Banque Bemo Saudi Fransi
- Byblos Bank
- Popular Credit Bank
- Syria Gulf Bank
- Bank Audi
- The International Bank for Trade & Finance
- Arab Bank
- Qatar National Bank
- Syria International Islamic Bank
- Cham Bank
Is it possible for a foreigner to open a bank account in the United States?
Yes. Most Australian bank accounts make opening a bank account in the nation very simple for foreigners. You do not need to be in the country to do so, unlike some other places. Most financial institutions allow you to open an account over the phone or on the internet.
How to Open a Saving Account in Catholic Syrian Bank?
Open a Savings Account at a Catholic Syrian Bank: Banks allow you to open a savings account as a lone holder or in a joint holding with many people.
Joint accounts can have various holdings modes, such as “Anyone or Survivor,” “Joint,” and so on. In the case of a joint holding, all applicants must complete KYC procedures.
To start a savings account with Catholic Syrian Bank, follow the procedures below:
(1) Go to a Catholic Syrian Bank branch in person.
You must go to the bank branch where you wish to open an account.
(2) For a savings account, complete the Account Opening Form (AOF).
Obtain the Savings Bank Account Opening Form and complete all of the required customer information and other details in the various areas of the prescribed form, such as name, address, contact number, email address, PAN, kind of account to be opened, nominee’s name, and so on.
(3) With the Account Opening Form, attach the Required (Mandatory) Documents (AOF)
Following the completion of the account opening form, you must attach KYC papers such as your PAN, proof of address, and proof of identity.
4) The banker verifies the Account Opening Form (AOF) and other documents.
The Account Opening Form (AOF) and any additional attachments will be verified by the banker. He will proceed if he is pleased with these prerequisites.
(5) Maintain a minimum balance in your savings account as required by your savings account.
You will be given an account number after the Banker has verified your Account Opening Form (AOF) and other documents, and you will be required to deposit the minimum required balance in your account as per your savings bank account type.
(6) Go to the bank and get a checkbook, a passbook, a debit card, and other documents.
The banker will bring over your checkbook, passbook, debit card, and other documents once your account has been successfully opened, and you will be able to conduct transactions from your account.