Damascus-Sana
The Agricultural Cooperative Bank announced the size of the sums planned to be loaned within its credit plan for the current year, which amount to a total value of 50 billion Syrian pounds.
In a statement to the representative of SANA, Zaidan Saadat, Director of Loans at the Agricultural Cooperative Bank, explained that the volume of sums planned for the current year to be lent to the public and joint sectors is 200 million pounds, and to the cooperative and private sectors 49 billion and 800 million pounds, indicating that the ceiling of loans is determined based on the financial solvency of the loan applicant and according to the nature of the project and the purpose To be funded and the guarantee provided.
The loans within the same block are classified according to Saadat into short loans worth 34 billion Syrian pounds, medium loans worth 7 billion pounds and long loans worth 9 billion Syrian pounds, indicating that the total expected collections from "revolving loans from 2020 and loans granted this year" amounts to more than 26 One billion pounds.
Last year, the Board of Directors of the Agricultural Cooperative Bank added a number of goals to its system of operations, including “establishing greenhouses, purchasing equipment for generating renewable energy with solar energy, purchasing tractors and harvesters, purchasing supplies and equipment for agricultural and veterinary medicines and vaccines, and expanding the construction, restoration and renewal of existing poultry equipment and equipment.
Wasim Al-Adawi