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Syrian lender says $10m in cash stolen
- Syria: Saturday, February 02 - 2013 at 05:24
Jordanian lender Housing Bank for Trade and Finance has said $10m in a mixture of currencies has been stolen from its Syrian affiliate, Reuters has reported. Syria's International Bank for Trade and Finance (IBTF), one of the country's major private commercial banks, said the money taken included $3.4m and €4.75m with the rest in the local currency. IBTF, in which Housing Bank has a 49% stake, said the fraud would not affect its liquidity or its financial position and that insurance covered the amounts stolen.
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