Economy modernization measure (until 31.12.2023)
If you are a beneficiary of the first measure to neutralize the economic consequences of the Corona virus, you can apply to Evocabank for a loan.

Currency |
AMD, USD, Euro |
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Eligible borrowers |
Armenian resident legal entities and sole proprietors |
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Purpose |
Machines, equipment, spare parts (including purchase price, import costs, customs clearance, value added tax, etc.). The list drafted according to classifiers approved by Order #874-N of September 19, 2013. |
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Limits per sectors |
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Maximum amount per business is AMD 1 billion or equivalent amount in foreign currency. In case the borrower invests at least AMD 200 million into the charter capital in 2021 and subsequent years, the maximum subsidized amount will be set as much as the five-fold amount of these investments.
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Loan disbursement method |
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Loan term |
Maximum loan term is 10 years. Subsidized time period: Up to AMD 200 million or equivalent amount in foreign currency– 42 months Above AMD 200 million or equivalent amount in foreign currency – 36 months |
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Repayment method |
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Grace period |
Will be set with consideration of the business characteristics, principal grace period - up to 6 months, for foreign currency – up to 3 months |
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Annual interest rate |
Actual interest rate according to Bank’s current tariff rates. Subsidized portion in AMD – up to 8%, in foreign currency – up to 6%.
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Penalties for past due principal and interest |
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Penalty for early repayment |
N/A |
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Loan security |
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Fees charged |
N/A |
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State duties and other payments |
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