DAMASCUS - The Syrian daily Tishrin' in its Monday edition quoted officials of Commercial Bank of Syria as saying that the bank is ready to cooperate with Iran's Melli' (national) and Tejarat' (commerce) banks.

According to Tishrin, Iran's Melli Bank will extend dlrs.45 million in credits, dlrs.30 million in letters of credit and dlrs.15 million in guarantees to the Commercial Bank of Syria.

Iran's Tejarat Bank will also provide Syrian Commercial Bank with dlrs four million worth in credits.

Syria has six state banks, the most important of which is the Commercial Bank of Syria. (IRAN)