Damascus, March 20 (SANA) President Ahmad al-Sharaa issued a decree introducing a framework to settle non-performing loans in public banks, including exemptions from late-payment interest, contractual interest and penalties, and measures to reschedule debts exceeding 100 million Syrian pounds.
Decree No. 70 of 2026 targets non-performing loans, offering full or partial waivers on interest and penalties depending on the timing of repayment.
Borrowers who settle their debts within three to six months may qualify for significant exemptions, while those with debts exceeding 100 million Syrian pounds can apply for rescheduling for up to three years.
The decree requires a 15 percent upfront payment for rescheduled loans and allows…