Deposits in public and private banks hit 7903 billion Syrian Pound

Economy & Aftermath
The volume of demand, savings and time deposits in public and private banks has significantly increased, reaching 7,903 billion Syrian pound until the end of February of this year. 
 
According to the weekly economic report issued by the Central Bank of Syria,  demand deposits reached SYP 4,922 billion until the end of February of this year, with a growth rate of 11 percent compared to the same deposits until the end of last year. 
 
While savings deposits declined slightly by 2 percent at the end of February, reaching SYP 713 billion, compared to SYP 725 billion at the end of 2020, forming 9 percent of the total deposits until February. 
 
The time deposits increased by 2.4 billion pounds, reaching until February to reach 2268 billion pounds, representing 29 percent of the total deposits. 
 
Inas Abdulkareem 
 
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