Loans to legal entities

Loans provided within the framework of the first measure of the Government of RA (valid until the end of the program)




RA resident legal entities and individual entrepreneurs


Payment of salaries, taxes, duties and mandatory payments, utility payments, purchase of raw material, equipment, food 

Limits by sectors

  • Industry
  • Construction
  • Transport and network
  • Trade
  • Accommodation and catering
  • Other branches

Up to AMD 500,000,000

Provision method

  • Non-cash
  • Loans can be granted in one installment or in phases

Repayment period

24 months

Repayment method

  • Annuity
  • Springy

Grace period

  • Defines based on business specifications

Annual interest rate

Maximum 12% in AMD, and maximum 9% in foreign currency

Penalty for loan principal and/or interest overdue

  • For overdue principal - 0,015 % daily
  • For overdue interest - 0.1% daily

Loan early repayment penalty

Not applicable

Loan repayment security measure

  • Movable and immovable property
  • Monetary funds available on deposit or current accounts
  • Working capital, final product
  • Standard gold bars or scrap, precious metals
  • Short term bonds issued by the government or other securities
  • Guarantee provided by other legal entities or physical individuals upon Bank’s need


Not applicable

State duties and other fees

  • For ratification and registration of the pledge agreement state duty and/or service fee are paid to the

RA Authorized State Bodies.

  • Valuation fee of the pledged securities according to the tariffs defined by the independent valuating companies.