President

Based on the Constitution

as approved by the People's Assembly at its meeting held in the date of 11-8-1435 A.H. 9 - 6 - 2014 My birthday. .

exports the following :

Article 1

Cooperative agricultural bank loans granted for agricultural purposes are exempted from the interest, interest and penalties incurred in the date of issuance of this law. .

Article 2

Inclination benefits, benefits and fines paid prior to the date of this Act are income from the Agricultural Cooperative Bank and cannot be claimed .

Article 3

The credit capital balances under the provisions of this Law shall be table after the exclusion of all interest, interest and penalties incurred on the date of the issuance of this Act for ten years in equal annual instalments and the dates of a uniform maturity due to the first instalment in the date of 2.8.2015 .

Article 4

a. In order to benefit from the provisions of this Act, the borrower makes payment of a good faith payment of 5 % of the debit that is subject to schedule within a period not exceeding 6 months from the date of force of this law .

b. An exception to the provisions of paragraph 1 of this article by the Cooperative Agricultural Bank at the purchase of the 2014 grain season by withholding the goodwill payment referred to in the preceding paragraph of the value to be paid to farmers and farmers debtors to the Cooperative Agricultural Bank on the date of purchase this season Unless they have committed to pay this payment before the date of their sale this season to the Cooperative Agricultural Bank. .

Article 5

The debtor loses its right to benefit from the exemption and scheduling provided for in articles 1-3 of this Law in case of failure to pay the above goodwill payment referred to above or to default on any of the scheduled premiums beyond the maturity of the following instalment and return of loan balances The provisions of this Law are subject to their original accounts and the debtor is required to pay the full interest, interest and penalties due and unpaid at the schedule date and excludes the Cairo cases adopted by the Cooperative Agricultural Bank's Board of directors. .

Article 6

The Cooperative Agricultural Bank is allowed to finance farmers and farmers for the agricultural season of 2014, regardless of the solvency of debtors and sponsors, except those who are not committed to scheduling provisions under the controls defined in this law. .

Article 7

This Act does not extend to the Cooperative Agricultural Bank loans granted under special regimes, excluding unemployment loans granted by the bank, which are covered by the provisions of this law. .

Article 8

Scheduled loans under this Act are subject to the interest rates applied to the short-term loans of the Cooperative Agricultural Bank at the date of its issuance .

Article 9

Scheduled loans continue with the same prior collateral, and the debtors all remain intact, as well as loyalty and heirs, committed to paying off the debt until full compliance. .

Article 10

The Central Bank of Syria is committed to schedule all debt credits of the Cooperative Agricultural Bank for a period of ten years in equal annual installments and the dates of a unified maturity due to the first instalment in the date of 2-8-2015. These balances are subject to the interest rates applied to short-term loans. applicable to the Central Bank of Syria at the date of its issuance .

Article 11

The Minister of Finance issues executive instructions for the provisions of this law .

Article 12

The provisions in the laws and legislative decrees issued previously and on the scheduling of loans granted by the Cooperative Agricultural Bank and the exemption of benefits and associated fines are amended in accordance with the provisions contained in this law. .

Article 13

This law is published in the Official Journal and is considered effective from the date of its promulgation. .

Damascus 12-8-1435 A.H., 10-6-2014, my birthday .

President

Bashar al-Assad

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