Law issued exempting clients of Agricultural Coop Bank from interests and fees for loans

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Damascus, SANA – President Bashar al-Assad on Wednesday issued Law no. 46 for 2018, exempting clients of the Agricultural Coop Bank from all contractual interests and fines and interests for overdue loans.

The law doesn’t cover debts for private sector clients that exceed SYP 5 million, and the exemption requires the client to make a payment of 5% of the tabulated account capital.

Hazem Sabbagh