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Loan Risk Guarantee Corporation... Providing guarantees for development projects worth more than two billion Syrian pounds


Damascus, SANA- The Loan Risk Guarantee Corporation has intensified its work in partnership with public and private banks and microfinance banks


The Loan Risk Guarantee Corporation has intensified its work in partnership with public and private banks and microfinance banks, to provide bank guarantees to those wishing to establish a micro, small, or medium enterprise, or existing project owners who want to expand their activity, in the event that the guarantees provided by them are insufficient.

According to the organization’s operations system, which recently culminated in granting 18 guarantee instruments for the establishment of a number of projects, the acceptable types of projects are (agricultural, industrial, tourism, service, and commercial projects that serve the agricultural and industrial sectors, and projects that produce or use renewable energies, as well as scientific and intellectual professions and handicrafts).

In an interview with SANA, the Director General of the Foundation, Dr. Qais Othman, explained that it has actually begun to receive and study guarantee applications, as of mid-September of last year, and work continues to date, as the value of loans granted by banks and guaranteed by the Foundation amounted to 2 billion and 675 million Syrian pounds in the amount of A guarantee of 755 million Syrian pounds, through 18 loans to establish industrial and agricultural development projects and others related to scientific professions.

With the aim of enhancing the development process by expanding the circle of loans guaranteed by the institution’s guarantee, Othman confirmed that agreements have been signed to guarantee the risks of loans with “Syrian Commercial Banks, Bemo Saudi Fransi Bank, International Bank for Trade and Finance, Qatar National Bank, Bank of Jordan, People’s Credit Bank, Savings Bank, Fransabank, Arab Bank, and Bank The Agricultural Cooperative Bank, Byblos Bank, National Bank for Microfinance, First Bank for Microfinance and Ebdaa Bank,” revealing that the “Syrian Commercial and International Bank for Trade and Finance, National Microfinance Bank and Bank of Jordan” have started implementing the agreements signed with them, and loans granted by them have been guaranteed.

The Corporation is in direct and continuous communication with the banks with the aim of urging them to circulate the procedures for implementing the guarantee agreement concluded with the Corporation through their branches in the governorates according to the Director of the Corporation, and to inform the branch managers not to reject any loan request for the owner of a small or medium project due to the lack of his guarantees, but rather to inform him of the possibility of benefiting from the Corporation’s services And get a guarantee from her.

Othman confirmed that the corporation is working with complete and permanent readiness to receive and process requests to guarantee the risks of loans received from banks and to assist all those wishing to establish projects and receive them to secure access to its services at its headquarters in Damascus, answer their inquiries, explain the legal requirements and guide them to go to any of the banks with which it has a guarantee agreement to start. financing procedures.

Citizens in the governorates wishing to set up a project and obtain bank financing without sufficient guarantees can contact the institution by phone at (0981010555) or write to it through its Facebook page or website to obtain information and conditions for granting the necessary financing.

Wassim Al-Adawi

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Source: sena

All business articles on 2023-03-05

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