Syrian lenders hit by board resignations amid ‚political exposure‘

Banks in Syria are experiencing additional cull at board level which combines with the already difficult conditions facing a sector hit by sanctions, losses and robberies amid a deepening civil war. The changes are in the form of reported resignations, some of which deemed too close to the regime, are being asked to step down, thus helping to ease the pressure on financial institutions. Other directors have made a different decision and shed their holdings in a bid in order to ensure they are not marked in the future.

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