The Commercial Bank of Syria was established in early 1967, in order to serve the economic and commercial activities in Syria. The Bank’s Capital is currently amounting to one milliard Syrian Pounds. The bank has over fifty branches spreaded all over the provinces and major towns in the country, in addition to 32 Foreign Exchange centers present in all locations in contact with tourists, visitors and comers to the country.

Banking Facilities:

The bank offers its customers many banking facilities like letters of credits in Syrian Pounds or Foreign currency. These are usually put under the customers’ disposal for a specified time.

1- Commercial Bonds’ discount.
2- Purchasing bills of exchange drafts at sight.
3- All types of credits.
4-Debtor current account.
5- Loans.
6- Letters of credit.
7- Letters of guarantee.
8- Acceptances

The Board of Directors usually decides the highest volume for each of the facilities provided to customers.

Banking Services:

The Commercial Bank of Syria provides its customers with a wide range of services.

1- Acceptance of deposits and opening Creditor current account in Foreign currency or Syrian Pounds.
2- Issuing and purchasing payment orders, cheques, personal letters of credit and credit cards.
3- Buying and selling foreign currency.
4- Collecting bills, cheques, drafts and documentary bills of lading.
5- Stocks transactions and general bonds.
6- Safe Deposit Box Leasing.
7- Providing commercial and technical information.
8- Performance of agency, vicarial and administration work.