Minister of Finance Issues a Decree Extending Deadlines for Settling Non Performing Loans and Credit Facilities in Public Banks
Minister of Finance Issues a Decree Extending Deadlines for Settling Non-Performing Loans and Credit Facilities in Public Banks
The Minister of Finance, Dr. Mohammad Yas Barnieh, issued a decree extending the deadlines specified in Legislative Decree No. 70 of 2026 for an additional month. This decision is based on public interest requirements and aims to facilitate procedures for citizens, enabling them to benefit from the exemptions granted under the provisions of the decree.
Key Highlights of the Decree:
-
Extension of Deadlines: Extending the deadlines specified in Legislative Decree No. 70 of 2026 regarding the settlement of non-performing loans and credit facilities in public banks for one additional month.
-
Benefit from Exemptions: Debtors who submit their applications during the extension period shall benefit from the previously specified exemption rates.
-
Effective Date and Publication: This decree shall be published in the Official Gazette and considered effective as of June 19, 2026.
This decree was issued in Damascus on Dhu al-Hijjah 23, 1447 AH, corresponding to June 09, 2026 AD
10/6/2026
