The Syrian Medium Bank (CBE) announced Monday on issuing investment certificates in Syrian pounds for its first time a history with a nominal value of 100 million Syrian pounds.
The main bank in a circle announced on Monday announced that it receives investor certificates with a nominal value of 100 million Syrian pounds and a 4.5 per cent interest rate and is based on counting the value after the discount and time of year.
The Central Bank of Egypt confirmed that the certificate level of the certificate is one year from the date of its certificate; a town designated on 21 February, 2019 and the minimum number of certificates that may be issued to entity certificates 5 and the maximum number not exceeding 10% of the size skill of every bank.
The circle indicates that the amount of investment certificates does not; provides more than the highest possible rate for each bank. The subscription will begin on 19 February 2019 and its # 39; ends on the 20th of the month at 9m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m.m
According to a circle, its & # 39; A central bank should stop the subscription at the end of the # 39; first day if the sub-scripts are higher than the target objective and they are required to complete the bids that have not met the terms in this message. Submission to include the transaction.
In a statement to the official body of SANA, the director of the Department of Security and Security Dept. of Central Bank of Syria, Mohamed Zinedine, said that a question of investment credits came within the financial policy implementation framework and with the aim of & # 39; local lending management where investment certificates help control the clarity, general standardization of Prices, and show investment certificates; represents a new employment channel for banks and the working channels available to them in a way that encourages attracting more investments to the banking department.
He said that the subscription for investment certificates is only from standard, public and private bundles and that the distribution caused by these banks is on the day after day. home, saying that any bank purchases a certificate of investment investment to inform the Directorate of Public Debts and Security in the # 39; Media about sending to & # 39; Model Prepared for this purpose while the Middle Bank tells the banks of the change in the investment certificate property register.
Source: Central Syria + Health Bank