Bank of Syria
and Overseas (BSO),is among the
first private banks to open in Syria, established in December
2003 and started its operations in January 2004
BSO provides a complete line of commercial banking services, which include:
-
Deposits in Local and Foreign currencies
-
All
commercial banking transactions related to domestic and
international trade and their finance by discounting bills,
and opening Letter of Credits, handling collections,
transfers ...etc
-
Credit facilities to commercial and industrial enterprises
-
Small
and Medium Enterprises Loans
-
Correspondent
Banking Services
-
Issuing Letters of Guarantee
-
Retail
loans (Cars, Personal, Housing, for Doctors and Pharmacists
and for Consumer goods)
-
Local ATM cards
-
Domiciliation
of Mobile Bills
-
Electronic
Banking Services eBSO
The Bank adopts International Accounting Standards (IAS) and
International Financial Reporting Standards (IFRS).
BSO owns 52% of the new established brokerage company, Syria and Overseas
for Financial Services, which started its activities end of 2009
with a paid up capital of SYP 300 million.
The new founded company offers the following services: Advisory Services,
IPO management, Investment Management and Financial Consultancy.
BSO is the one of the major shareholders in Syria International
Insurance (Arope Syria), which is one of the major players on
the insurance field in Syria.
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