Syrian Arab News Agency S A N A
Damascus, SANA – Director of Syrian Popular Credit Bank (PCB) Mohammad Ibrahim Hamra said Thursday the bank’s liquidity has exceeded 67% while it was 46.5% at the beginning of 2014, way above average set by the Monetary and Credit Council.
Hamra told SANA reporter that the total deposits amounted to about SYP 80 billion by the end of October 31, compared to SYP 75.4 billion early 2014.
He also stressed that the balance of investment certificates increased to SYP 63.3 billion during the same period compared to 53.8 billion at the beginning of the year, putting this down to the raised interest rates of 10% paid on them and the flexibility of withdrawing and depositing.
H. Zain/H. Said
