Damascus-SANA
The Real Estate Bank achieved a net profit of more than 9,300 billion Syrian pounds for its total business since the beginning of the current fiscal year until the end of last August.
The Director General of the Real Estate Bank, Dr. Madin Ali, explained in a statement to SANA that the profits achieved by the bank resulted from its operational activities, the balance of the accumulated interests of credit facilities, the revenues of previous years, and the sale of some of the bank’s assets or the real estate transferred to it, knowing that the latter constitutes only 1.17 percent of the bank’s assets. Total profits.
The bank continues, according to its system of operations, to implement its financing activity and provide loans of all kinds, especially investment loans to finance development projects, purchase housing, repair and cladding, according to what Ali stressed, revealing the presence of a large turnout by citizens to obtain a restoration loan in all branches of the bank in the governorates.
Ali pointed to the great flexibility shown by the bank in the conditions required for granting the restoration and dressing loan in order to facilitate obtaining it, as it allowed the possibility that the property to be renovated or restored is the same as the real estate guarantee to obtain the loan without requesting any other guarantees with the need to provide payment guarantors.
The bank intends to review and evaluate the ceilings of the loans granted by it, based on what was mentioned by the general manager of the bank, explaining that if it is found that there is an ability to raise these ceilings, they will be raised, knowing that the bank recently raised the ceilings due to two main factors, namely the rise in real estate prices and the increase in salaries and wages.
Ali also confirmed that the bank launched a new service that allows employees who hold popular and industrial credit bank cards to withdraw their salaries from real estate sales points spread in the post offices in the governorates with a ceiling of 100,000 pounds at a time to facilitate their access to their dues after they were previously suffering from having to withdraw 10 thousand pounds. Only at a time from real estate ATMs.
The Board of Directors of the Real Estate Bank issued a decision on the 14th of last July to raise the ceilings of all loans granted by it, as the ceiling of loans for purchase or construction of a ready or incomplete property was raised to 50 million Syrian pounds, and a loan to complete a fully-structured property to 25 million pounds. .
Waseem Al-Adawi