President al-Assad issues law on exempting Agricultural Bank loans from interests and fines

Damascus, SANA. President Bashar al-Assad on Tuesday issued law no.11 for 2014 on exempting loans from the Agricultural Cooperation Bank from contractual interests and fines for overdue payments.

The law covers only loans taken for agricultural purposes, and only if the debtor must continue making payments, and it stipulates for rescheduling all debts owed by the bank to accommodate the exemptions.

H. Sabbagh