Banking reforms in Syria

  • Faeyzh Barhoom Kaposvár University, Faculty of Economic Science, H-7400, Kaposvár Guba Sándor utca 40.
  • József Varga Kaposvár University, Faculty of Economic Science, H-7400, Kaposvár Guba Sándor utca 40.
Keywords: Syrian banks, credit, monetary policy, deposits, banking reforms

Abstract

The Banking Sector plays an important role in the economic development of a country. In
developing countries, especially in Syria, the banking sector represents the backbone of the Syrian
economy and has been playing an important financial intermediary role since 2003. The Syrian
authorities embarked on a reform agenda to develop the financial sector and improve
intermediation. A number of laws and regulations have been put in force. This paper seeks to
provide an overview of the Syrian banking system reform process through examining and analyzing
the financial indicators of the banks in Syria, for the period (2000-2010). This study adopted
analytical descriptive method in research based on the analysis of the data annual reports. The
study found out that despite the achievements made so far, considerable challenges remain, including
the establishment of indirect monetary instruments, the reduction of the role of the government in
credit allocation, and the removal of the large excess liquidity in the banking system and the Syrian
money market is still insufficiently developed.

Published
2018-11-12
How to Cite
Barhoom, F., & Varga, J. (2018). Banking reforms in Syria. Regional and Business Studies, 9(2), 19-31. Retrieved from http://journal.ke.hu/index.php/rbs/article/view/2268