Monday 24 December 2012

Syrian lenders hit by board resignations amid 'political exposure' - The National

Syria's banks are witnessing a cull at board level, adding to the already difficult conditions facing a sector hit by sanctions, losses and robberies amid a deepening civil war.

Officially reported as resignations, the changes come as individuals, some deemed too close to the regime, are being asked to step down to help to ease the pressure on financial institutions.

Other directors have shed their holdings in a bid to ensure they are not marked in the future.

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