Damascus, SANA – President Bashar al-Assad on Wednesday issued Law no. 46 for 2018, exempting clients of the Agricultural Coop Bank from all contractual interests and fines and interests for …
Read More »Cabinet allocates SYP 2 billion as initial amount for financing loans for micro projects
Damascus, SANA- During its weekly session chaired by Prime Minister Imad Khamis, the Cabinet discussed a draft decree on reducing customs duties on raw materials and production requirements for local …
Read More »Economic meeting chaired by Prime Ministers calls for taking measures to address defaulted loans
Damascus, SANA – An economic meeting was held on Monday, chaired by Prime Minister Imad Khamis, which called on public-sector banks to take direct, forceful, and clear steps to address …
Read More »People’s Assembly passes bill on founding loan risk insurance establishment
Damascus, SANA – The People’s Assembly passed in its session on Wednesday a bill on founding a loan risk insurance establishment, with the goal of supporting small and medium enterprises …
Read More »People’s Assembly passes bill on exempting agricultural loans from interests and fines
Damascus, SANA – The People’s Assembly passed on Thursday a bill extending a paragraph within Law no. 11 for 2014 exempting loans granted by the Agricultural Cooperative Bank from interests …
Read More »Justice Minister: Banking courts will help curb loan debt evasion
Damascus, SANA – Justice Minister Najm Hamad al-Ahmad said that the newly-formed banking courts will help speed up cases related to commercial issues and curb debt evasion in terms of …
Read More »President al-Assad issues law suspending deduction of loan payments from sponsors of deserters
Damascus, SANA – President Bashar al-Assad on Wednesday issued Law No. 14 for 2014 on suspending the deduction of payments for loans taken by military deserters from their military sponsors. …
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