Data issued by the Syria Mercantile Bank showed a growth in the total deposits of microfinance institutions operating in Syria by 10.3 percent until the end of last February, and the total credit facilities increased to about 31.7 million pounds.
According to the report published by the Central Bank of Syria, the total deposits of microfinance institutions amounted to a growth rate of 10.3 percent, amounting to about 18.739 million Syrian pounds at the end of February 2021, compared to 16,995 million Syrian pounds at the end of 2020.
The total credit facilities granted by the same institutions increased by 9.7 percent to reach 31.791 million Syrian pounds at the end of last February, compared to 28.970 million Syrian pounds at the end of 2020.