Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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CBS - Bank Saderat Iran, Joint Syrian Venture Bank

description

The Commercial Bank of Syria and Bank Saderat Iran will set up a joint venture bank in Syria, the Syrian Iranian Commercial Bank.  The banks will each hold 25% of the S£1.5bn ($32mn) capital of the new bank.  Other partners and shareholders will control the rest.  27% will be issued in stock. 

 

Status

  • Current Status:
  • Discussion Date: Sun, 2008-06-22
  • Contract Date:
  • Completion Date:

Citation

1. "Syria and Iran to Set up Joint Bank", Zawya, 23 March 2009. Available at http://www.zawya.com/Story.cfm/sidv52n12-3NC21.

2. "Iran, Syria Discuss Expansion of Economic Cooperation," Mathaba, July 9 2008. Available at http://www.mathaba.net/news/?x=598002.

3. "Iran, Syria Agree To Establish Joint Bank.” Fars News Agency. 11 July 2008. Available at http://www.irantracker.org/foreign-relations/syria-iran-foreign-relation....

All projects by Commercial Bank of Syria (CBS)