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The Banque de Syrie et du Grand-Liban was a French concession bank — its mandate, granted to a private institution rather than a state, was already a source of political friction by the mid-1930s. Syrian nationalist pressure was mounting steadily, and the Franco-Syrian Treaty negotiations of 1936 would soon throw the bank's future into question. Notes from 1935 were issued into an increasingly unstable environment.

E. Deloche is credited as engraver, not printer — the actual press house behind the P#12C series is a separate matter. Deloche's name in the margin reflects plate credit, a French practice that persisted well into the mandate-era issues.