Damascus-Sana
The Savings Bank issued a circular requesting its branches to resume granting development loans to low-income state workers, military personnel and retirees, indicating that priority is to study previously registered loan applications.
According to a circular from the bank, Sanaa obtained a copy of it, the branches are required for “unimplemented loans that are still under study or approved or that have been implemented and have not been disbursed and whose papers have exceeded the specified deadlines” during the suspension period from June 11 to this date. By "re-entering it into the loan program and renewing the printing of the deduction pledge and following up its procedures in the assets" in order to make it easier for borrowers and not to make them have the trouble of obtaining new papers.
And based on a letter from the Government Commission for Banks in the Central Bank of Syria, the Board of Directors of the Savings Bank issued a decision to “raise the ceiling of development loans for civil and military workers in the state to two million Syrian pounds instead of one million, in accordance with the controls and procedures in force in the executive instructions for low-income loans. “.
The Central Bank of Syria announced about a week ago that it agreed to allow operating banks to resume granting credit facilities.
Wasim Al-Adawi
