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First Syrian Private Bank to receive rating by International Rating Agency in 2011


Capital Intelligence Assigns ratings to Bank of Syria and Overseas:

Capital Intelligence (CI), the international credit rating agency, assigned Bank of Syria and Overseas (BSO) Foreign Currency Long Term and Short Term Ratings of 'BB-' and 'B' respectively, these ratings are constrained by CI's sovereign ratings for Syria. The agency assigned BSO a Financial Strength Rating (FSR) of 'BB' and a Support Rating of '3'; the outlook for all the ratings is stable.

The same agency assigned Syria sovereign rating for the first time, long-term foreign currency rating of 'BB-' (BB minus), and a short-term foreign currency rating of 'B'. CI also assigned Syria a long-term local currency rating of 'BB' and a short-term local currency rating of 'B'.

The agency mentioned in its report that BSO's good asset quality and very strong liquidity underpin the ratings assigned, in addition BSO receives strong management and financial backing from its well regarded parent BLOM Bank.

This rating however, is an indication of the stability and soundness of the banking sector in Syria.





Syria and Overseas for Financial Services, started its operations in the Damascus Securities Exchange, the company currently offers brokerage services for individuals and corporations, Bank of Syria and Overseas  owns 52% of this company.

For more details, contact us on the following numbers:


Tel: 011-4432190




(Mr. Firas Samman - Miss Kinda Sakakini - Mr. Hosni Joumaa).



e-Banking Service is available now for our customers.




Copyrights Bank of Syria & Overseas  2011