Commercial Bank of Syria CBS-Bank

The Commercial Bank of Syria, throughout its long history not excluding the recent years of competition, has managed to maintain its leading position among Syrian banks. It continues to capture a very large share of the total banking activity in Syria, be it on the level of deposits, loaning or profits in the local market. When CBS was created its capital amounted to one hundred and fifty million Syrian Pounds. But its capital was raised gradually to become seventy billion Syrian Pounds (by virtue of Legislative Decree No. 35 of 2006), which has consequently contributed to a more comprehensive enhancement of its capabilities, and to the achievement of a greater financial standing towards its clients and correspondents. The Syrian banking market, however, has recently witnessed a marked advancement of the Commercial Bank of Syria, that has grown for a year now to be a paperless bank, especially as it has completed its shift to electronic system of communication and giving up paper work on the levels of both the Management and branches in the governorates, not to mention the system of electronic payment which was introduced several years ago. Moreover, CBS has taken wide and important steps in the field of money change of various conventional types including electronic change, thereby reducing processes of cash transaction in various areas. Besides, the system that was developed internally with the aim of putting an end to paper work