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Banking Financing Conference recommends amendment of the NPL law


Damascus-SANA Conference participants recommended


Participants in the conference "Bank Finance Valve Safety Recovery Economic" held by the Ministry of Finance today at the Dama Rose Hotel to develop financial and banking legislation to encourage investment and complete the procedures for the issuance of the new investment law and a modern law for the management of public banks and amend the law on the settlement of non-performing loans and support the financing of SMEs and micro .

They called for diversifying the required guarantees from banks and adopting the idea of ​​financing for major projects in the life stages of the project with the guarantee of the establishment and its assets. Public contribution.

The conference's recommendations also stressed the importance of accelerating the application of electronic payment, encouraging the establishment of investment funds, financing industrial and agricultural strategic projects, activating savings instruments such as certificates of deposit, bonds and financial instruments, and making the most of the interest rate subsidies allocated within the general budget of 20 billion Syrian pounds.

In a speech during the conference, Minister of Finance Dr. Mamoun Hamdan stressed that the increase in the number of joint stock companies and the volumes and values ​​of trading securities and the high rates of bank deposits and the volume of lending is imperative to discuss ways to enhance and develop the role of the banking sector by supporting production in all its forms and know the visions of industrialists and investors on banking facilities provided to them. .

The conference was attended by the assistants of the Minister of Finance, the directors concerned with the ministry, public and private banks, public customs, insurance companies, CEO of the First Microfinance Institution, Farhad Zulfiqar, a number of businessmen, investors, industrialists, experts in banking, finance and insurance affairs, and heads of chambers of commerce and industry in Damascus and its countryside.

Handsome Adawi

Source: sena

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