Loans Provided within the Framework of the “European Investment Bank” Program

Take advantage of mutually beneficial lending program under financial support of European Investment Bank (EIB).

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Corporate
Loans
Business Loans
Loans Provided within the Framework of the “European Investment Bank” Program

Currency	AMD
Borrowers	RA resident legal entities and individual entrepreneurs: SMEs (number of employees does not exceed 250) Mid-capitalization organization (number of employees 250-3000) Analysis of financial statement of the borrower should be in line with the Bank’s requirements
Purpose	Agriculture, Rural processing Tourism Export promotion activities Industry Other investments that meet program requirements.
Limits	In case of pledge: AMD 5,000,001 – 500,000,000 Without pledge: (guarantee provided by at least one physical individual or legal entity) AMD 1,000,000 – 5,000,000
Method	Non-cash
Repayment period	24 – 90 months
Grace period for principal	Can be provided for up to 30 months
Annual nominal interest rate	10,5 %
Pledge	Movable and immovable property Monetary funds available on deposit or current accounts Standard gold bars or scrap Short term bonds issued by the government or other securities If needed, along with other pledge working and capital complete product can be accepted as pledge (taking into consideration the liquidity level of other pledge, loan to value ratio, loan term, customer’s profile and other). Additional condition - Personal guarantee provided by business founders/beneficiary owners is mandatory. Meanwhile, as additional security the Bank can also request other guarantee provided by physical individual and/or legal entity
Acceptable loan to value ratio	For immovable property and other fixed assets: up to 70% of the property value For short term bonds issued by the government: up to 95% of the nominal price For other securities: up to 70% of the evaluated price For standard gold bars and scrap of precious metals: up to 95% of the value Monetary funds (in case of deposit and current account): up to 90% For working capital: up to 50% of the value
Insurance	Upon need
Requirements for guaranteed loans only	Absence of classifications in terms of credit obligations during the previous 12 months, and the total number of days of delay in repayments should not exceed 30 days. The borrower's unsecured loans /without expected loan/ should not be more than five and their balance should not exceed AMD 5,000,000 and/or equivalent foreign currency.
Monitoring	Targeted monitoring – within 1 to 2 months of provision. Financial monitoring - at least once a year. The financial monitoring report should at least reflect a comparison of the borrower's current and past financial conditions.
Requirements against the borrower and guarantors	RA resident legal entity, individual entrepreneur or individual. bsence of overdue obligations (including guarantees provided). Absence of classifications in terms of credit obligations during the previous 12 months, and the total number of days of delay in repayments should not exceed 30 days.
Penalty paid for repaying the loan amount earlier than the schedule fixed by the contract	No penalty applies
Fees	Application review fee - AMD 0 Loan account maintenance fee - in the amount of 0.5% of the loan amount, but not less than 20,000 AMD, maximum 50,000 AMD. In case of receiving the loan amount in cash - we charge a cash withdrawal fee from the bank account according to the current rates of the Bank.
State duties and other fees	State duties paid to the RA government: are paid for ratification and registration of the pledge agreement Valuation fee for pledged securities: according to the tariffs defined by the independent valuating companies
Additional terms	Within the scope of the program refinancing of existing loans is not supported