President
Based on the Constitution

As approved by the People's Assembly at its meeting held on 21-12-1433 A.H., 6-11-2012,

The following are issued:

Article 1 /

Cooperative Agricultural Bank loans due on 1-10-2012, granted for agricultural purposes, as well as anti-unemployment loans, are exempted from fines and the benefits of delay, excluding loans covered by the provisions of legislative decrees Number 120 A year. 2011 and Number 121 for 2011 and Number 51 for 2012 .

Article 2 /

The fines and benefits of delays paid prior to the date of issuance of this Act shall be considered as income of the Bank and shall not be claimed.

Article 3 /

The loan capital balances specified in Article 1/covered by the provisions of this Act for a period of ten years shall be based on equal annual instalments and the dates of a consolidated maturity due to the first instalment after one year after the date of its issuance.

Article/4

The first instalment of Legislative Decree No. 120 of 2011 which is outstanding at the date of issuance of this Act shall be deferred until after the last instalment.

Article 5 /

The debtor loses its right to benefit from the exemption and scheduling provided for in articles 1 and 3 of this Law if any of the scheduled instalments are to be defaulted until after the date of maturity of the following instalment and the debit balances are returned to the original accounts as required. A trader with the full penalties and benefits of exempted and due delay before scheduling and excludes Cairo cases, which are approved by the Cooperative Agricultural Bank's board of directors.

Article 6 /

This Act does not cover bank loans granted under special regulations and excludes unemployment loans specified in Article 1/of this Act.

Article 7 /

Dealers do not benefit from the provisions of article 33 From Legislative Decree No. 30 of 2005 They also referred to the elimination of the offence of misappropriation of public funds from any loan or facilitation during the scheduling period until the full repayment of the scheduled loan.

Article 8 /

Scheduled loans under this Act shall be subject to the interest rates applied to long-term loans depending on the type of loan applicable to the Cooperative Agricultural Bank on the date of its issuance.

Article 9 /

Scheduled loans continue with the same prior collateral, and the debtors, all of whom are issued or as a loyalty or heirs, remain committed to the repayment of the debt until full delivery.

Article 10 /

The executive actions of the two drinks are suspended by the provisions of this law at the auction stage, with the executive file being kept in place and if the schedule does not comply with the scheduling of the proceedings from the stage at which it was stopped.

Article 11

The Cooperative Agricultural Bank shall be entitled to collect debts scheduled under this Act from the debtors before their due date if their crops are matured and marketed prior to this date or if any other benefits are received either by the bank or by any other public.

Article 12 /

The farmers are funded regardless of the solvency of the 2012-2013 winter season and the 2013 summer season.

Article 13 /

The Central Bank of Syria is committed to resolving the attribution of scheduled loans under this law for a period of ten years in equal annual installments and the dates of a uniform maturity due to the first instalment after one year after the date of its issuance, and the loans settled under this law are subject to the interest rates on long loans. The time applicable to the Central Bank of Syria on the date of the promulgation of this law.

Article 14 /

The Minister of Finance shall issue the executive instructions necessary to implement the provisions of this Act.

Article 15 /

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

Damascus at 23.1-1433 A.H., 08-11-2012, is my birth.

President
Bashar al-Assad

380A farmers benefited from the law: Agricultural Cooperative Bank
The law aims to enable farmers and farmers to cultivate their lands, achieve social stability in the countryside, and stabilize farmers in their lands and not displace them, said the director general of the Agricultural Bank, Ibrahim Zeidan, in a statement.
He pointed out that about 380 thousand farmers had benefited from the law, with the value of interest and fines for their loans amounting to 350 million liras and the scheduled loan mass of 14.700 billion liras, which were scheduled for ten years, as the first installment was worth a year after the issuance of this law.

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