The Real-Estate Bank, one of the active government-owned banks, has declared itself to be the biggest banking institution in Syria in respect of clients, dealers, services and activities. It was able in the past few years to compete with several private banks working in the country and even with some prominent banks in neighboring countries. Click more
The Real-Estate Bank, one of the active government-owned banks, has declared itself to be the biggest banking institution in Syria in respect of clients, dealers, services and activities. It was able in the past few years to compete with several private banks working in the country and even with some prominent banks in neighboring countries.
The 22-branch Bank has rendered new services through the Internet and the mobile phones, including electronic payment and other banking data, inquiries and operations.
Mulhem Dibo, General Manager of the bank, said in a recent press conference that best measures were taken to meet requirements of clients, manage their various banking operations, protect their different accounts and maintain secrecy.
The new SMS Banking service launched by the Bank, he said, provides clients and dealers with detailed information about their accounts, balances and interests. Also allows them to get printed statements of account, transfer money, pay different bills, settle loans and receive quick messages about any deposit or withdrawal operation in complete secrecy.
He added, the new service is an integral part of what is called "electronic trade" and an advanced step in the electronic government system.
It is to be noted that the Bank has so far founded over 95 Auto Machines and more than 2200 selling centers across the country. It has connection with international electronic payment through using the Visa and Master Cards which succeeded in bringing over $.300 million to Syria since 2003 up to the end of 2006.
Moreover, the Bank has issued more than 120,000 "Syria Cards" electronic payment. Employees of over 90 public and private establishments are getting their monthly salaries from the Bank’s selling centers. Loan-giving operations for citizens, merchants, businessmen and industrialists have been ease and active. The Bank plans to raise the value of a housing loan for an individual from SP.1 million to SP.1.5 mln.
The Bank’s financial deposits have amounted to SP.90 billion. Its profits jumped from SP.1.6 bln in 2004 to SP.3.3 bln in 2006.
Dibo said, in earlier statements, the Bank plans cooperation with Arab banking institutions to serve common concern. He pointed out that the Bank is to have a 10% share in the capital of Islamic Bank of Dubai due to be opened soon in Syria.
About participation in the forthcoming Damascus stock-exchange market, Dibo said measures are being taken to deal with the market in terms of issuing financial shares, organizing subscriptions and transferring moneys.
