Damascus, Jan. 16 (SANA) Syria’s Central Bank Governor, Abdulkader Husarieh, stated that the Bank welcomes any restructuring or market-driven initiatives aimed at strengthening the stability of the banking sector. He emphasized that such measures should enhance the sector’s capacity to fulfill its role in the Syrian economy and promote sound governance, provided they fully comply with applicable laws and regulatory frameworks.
In a post on his Facebook page on Friday, Husarieh noted: “Following a series of key decisions by the Central Bank aimed at strengthening transparency in the banking sector and addressing the challenges it has faced in recent years, we expect to see growing interest in investing in existing banks as well as in licensing new ones. This, in turn, will bolster confidence in the banking system and reinforce its vital role in the Syrian economy.”
Husarieh added that the Central Bank of Syria will continue to take a positive view of, and carefully evaluate, any proposals submitted through official channels. He emphasized that such initiatives must align with the Bank’s role in regulating, reforming, and strengthening the financial sector, while reinforcing confidence in its stability.
Earlier this month, Abdulkader Husarieh, held a meeting with the directors of both public and private banks in Syria. The discussions focused on assessing the current state of the banking sector, strengthening its role in supporting economic stability, and reviewing key strategic plans and priorities for the coming stage, particularly for 2026. The meeting also addressed the challenges confronting banking operations under the present circumstances.
