Settlement Call Issued
The Commercial Bank of Syria on 4 June 2026 called on borrowers covered by Decree No. 70 of 2026 to begin settling defaulted loans and credit facilities, directing them to its branches across the provinces to review the terms and complete the required procedures.
In a notice published on its official social media page, the lender urged eligible customers to submit settlement requests within the deadlines set by the decree in order to qualify for the relief it provides.
Scope of Decree 70
The decree applies to loans and credit facilities that were granted and had fallen into default before 18 March 2026. It forms part of a wider framework for resolving non-performing debts held at the country's public-sector banks.
President Ahmad al-Sharaa issued the decree in March 2026, setting out the conditions and time limits under which borrowers may regularize their positions.
Interest and Penalty Waivers
The program offers exemptions from late-payment interest, contractual interest and penalties accrued on the eligible debts, lowering the amount borrowers must repay to clear their obligations.
For larger exposures, the decree also provides for rescheduling debts whose principal exceeds 100 million Syrian pounds (SYP), allowing repayment to be spread under terms defined in the text.
How Borrowers Apply
The bank said its branches are prepared to provide the information and guidance needed for customers seeking to benefit from the decree, so that files can be completed according to approved procedures.
Borrowers were advised to act within the specified periods, as the waivers and rescheduling options are tied to the deadlines fixed in the decree.
Easing Public-Bank Debt
By waiving accumulated interest and penalties, the measure targets the stock of non-performing loans carried by state banks, giving defaulted borrowers a route to close out obligations that had stalled.
The settlement window is open to customers in different governorates, with branches handling applications locally rather than through a central process.