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The Agricultural Bank grants loans worth more than 352 billion pounds within seven months

2020-09-16T11:20:07.952Z


Damascus-SANA The value of loans granted by the Agricultural Cooperative Bank until July of this year reached 35


Damascus-Sana

The value of loans granted by the Agricultural Cooperative Bank until July of this year amounted to 352 billion and 391 million Syrian pounds, with an implementation rate of 152 percent, noting that the total planned lending for this year is estimated at 231 billion and 550 million pounds.

General Director of the Bank Ibrahim Zaidan stated in a statement to the SANA Economic Bulletin that the majority of the loans granted were obtained by public institutions such as the Syrian Grain and the Corporation for Seed Multiplication, Pilgrimage and Marketing of Cotton, with a total amount exceeding 348 billion Syrian Pounds, stressing that the bank at the same time continued to support the national economy by providing fertilizer for farmers. In areas liberated from terrorism.

According to the bank’s data, until last August, the quantities of fertilizers sold to farmers amounted to about 76 thousand tons, with a total value estimated at 13 billion Syrian pounds, while the value of deposits at the bank in the same period amounted to 82 billion and 239 million Syrian pounds distributed on demand deposits of 70 billion and 134 million pounds and deposits. For 928 million liras, savings deposits 11 billion and 115 million liras, and frozen accounts are 62 million liras.

Yesterday, the Board of Directors of the Agricultural Bank announced the addition of new goals to its system of operations, with the aim of supporting the agricultural process, in its animal and vegetable aspects, represented by financing the construction of cemeteries, poultry farms and barns, building fixed refrigerators, licensed warehouses, water collection tanks, retaining walls or fences, and establishing and equipping fish ponds, fish fingerlings, and mushroom farming services.

Wasim Al-Adawi

SANA Economic Bulletin

Source: sena

All news articles on 2020-09-16

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