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Real Estate Bank

The Real Estate Bank is one of the largest and well-established governmental banking financial institutions in the Syrian Arab Republic. It provides its individual and corporate clients with various banking services. The bank was established pursuant to a legislative decree issued in 1966.

Law No. 31 of 2005 specified the objectives of the Real Estate Bank, as follows:

·Carrying out all banking activities, services and facilities.

·Supporting the urban and economic movement in the country by financing urban facilities (residential, tourist, industrial, commercial, health, educational and environmental activities, in addition to craftsmanship).

·Meeting credit needs in the short, medium and long term.

·Financing projects of housing cooperatives and companies, which aim at building properties intended mainly for housing, and supporting them.

·Mobilizing resources and savings, and directing them to achieve the bank’s objectives.

·Providing technical, real estate, legal and financial advice to the bank's clients, and researching ways to finance urban projects and their plans.