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Zakarneh: Banks will deduct only 35% from staff loans

2007-09-05

Zakarneh: Banks will deduct only 35% from staff loans

Bassam Zakarneh, Chairman of the workers association in the civil service stated that the government will disburse full staff salaries and exchange the ratio of receivables to reach 70%.He added that the unions desire was to include all employees and not only brackets, he explained that the regularity of full salary payments has made staff feel safer and stable noting that the government is committed to its promises and is empathetic with staff members and will do all it can to pay salaries on time considering the fact employees have significant commitments to take care of as for the new school year, Ramadan and Eid El Fitr coming up. Zakarneh ,the PMA and the government made an effort to identify the discount rate for loans by the bank staff which ended up becoming 35% considering the agreement between the employee and the bank as well as rescheduling loans for those employees ,who wish to, without the benefit of 10%.