The Governor of the Syrian Central Bank, Safwat Rusal, held talks with representatives of the German Commerzbank on ways to enhance trust between Syrian banks and their international counterparts, and to support trade and investment exchange between Syria and Germany through stable banking channels.
In the same context, the Central Bank stated via its Telegram channel on Monday that a joint meeting was held at the bank鈥檚 headquarters in Damascus, reviewing the executive steps and reforms the Central Bank is working on to develop the banking and monetary sector in Syria, and to enhance banking supervision and combat money laundering and terrorist financing.
Central Bank鈥檚 Efforts to Expand International Banking Cooperation
For its part, the meeting discussed the German Commerzbank鈥檚 orientations in its external dealings, and the importance of providing reliable and stable banking channels that facilitate trade and investment exchange between Syria and Germany.
It was pointed out that this meeting comes within the Central Bank鈥檚 efforts to expand communication with international banks and financial institutions and regulatory bodies, encouraging them to visit Syria to observe the reality of Syrian banks and the developments they are witnessing, thereby contributing to addressing accumulated concerns, enhancing trust, and expanding international banking cooperation.
It added that Commerzbank is the second-largest commercial bank in Germany, headquartered in Frankfurt, founded in 1870 in Hamburg, and later moved its headquarters to Frankfurt. It is the main partner for German medium-sized companies and the largest financier of foreign trade in Germany.
The bank manages assets exceeding 400 billion euros for individuals and small businesses, and owns branches and offices in more than 50 countries worldwide.
Source: Syrian Arab News Agency (SANA)
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