Announcement
01 Oct 2009
Since October 2009, the Syrian government has re-regulated foreign engagement in the Syrian banking sector.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Oct 2009
Revocation date:
No revocation date
Updated: 01 Oct 2009
FDI: Entry and ownership rule
In force
In a further step on 4 January 2010, the Syrian President signed Law 3 of 2010 raising foreign ownership ceilings in the banking industry.
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Implementation date
01 Oct 2009
Revocation date:
No revocation date
Updated: 01 Oct 2009
FDI: Entry and ownership rule
In force
In a first step in October 2009, the government raised minimum capital requirements for foreign banks to USD 200 million for conventional banks (up from USD 30 million), and to USD 300 million for Isl...
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