The Central Bank redefines the commissions imposed on operations related to bank accounts for the sale of real estate and vehicles

Damascus-Sana

The Central Bank of Syria announced today that the commissions imposed on operations related to bank accounts for the sale of real estate and vehicles will be redefined.

According to a circular from the Central Bank directed to the operating banks published on its website, clients are charged for opening accounts for the purpose of selling real estate and vehicles of all kinds, with a minimum commission of zero Syrian pounds up to a maximum of 3000 pounds. As for the commissions applied to transfers of the amount of real estate sales between the bank accounts of the buyer and the seller Between two accounts in the same bank, the transfer commission shall be collected, with a minimum of zero Syrian pounds and a maximum of two per thousand.

The circular states that for the commissions applied to transactions of transferring the amount of real estate sales between the bank accounts of the buyer and seller from an account opened in the bank to an account opened in another bank, a transfer commission is charged with a minimum of zero Syrian pounds and a maximum of 5 per thousand.

In the context of dealing with the problems raised by banks and dealers about the aforementioned bank accounts, the Central asked the operating banks, according to the circular, to adhere to “take appropriate measures to meet requests for opening new accounts or activating previous accounts as quickly as possible and within an appropriate time and without prejudice to the directives related to simplifying procedures. According to the laws and regulations for such a situation, in a way that guarantees the reduction of slowness in the implementation of the duly required operations.

The Central Bank stressed the importance of not setting up special procedures for opening the account with the bank for the purpose of selling real estate and vehicles, especially in terms of determining the minimum value for opening the account or imposing a special commission for it in a manner that differs from the minimum applicable to the bank for opening other accounts with it so that all requests for opening Accounts in the same way regardless of their purpose and without prejudice at the same time by making all reasonable efforts to enable all persons to open bank accounts and use them as assets.

The Central Bank called on operating banks to inform the customer that the account could not be closed until after a certain period of at least three months had passed since it was opened, with the possibility that the period would be longer according to the measures taken by the bank, not exceeding the reasonable limits, in order to reduce the pressure resulting from clients' requests to close accounts That was opened to this end.

The Central Bank stressed the importance of the role of bank employees in encouraging dealers to keep their accounts open continuously by introducing them to the various products and services provided by each bank, so that the purpose of opening the account is not necessarily limited to implementing the notice only for the purposes of the ongoing sale process.