Commission Tariffs and Rates

Bank Guarantees ^[1]

International trade guarantees

Guarantee issuance and approval (annual)

Subject to the contractual terms and conditions

Guarantee alteration (including extension)

0.15%, minimum AMD 50,000

Guarantee letter

0.15%, minimum AMD 50,000

Notification on alteration of guarantee terms and conditions

AMD 50,000

Payment under the guarantee issued and/or approved by the Bank

0.15%, minimum AMD 50,000

Guarantee revocation

AMD 50,000

Other Bank Guarantees^[2]

Currency

Armenian drams or other currencies

Maximum amount

For guarantees issued to legal entities or sole proprietors – up to AMD 5,000,000,000 or other currency equivalent

Guarantee period

For guarantees issued to legal entities and sole proprietors – up to 60 months

Chargeable fees

For guarantees issued to legal entities and sole proprietors – if the fee to be charged for the entire or actual guarantee period does not exceed AMD 20,000, the principal will pay AMD 20,000 in a lump-sum.

Guarantee modifications

AMD 15 000

Annual interest rate on liabilities secured by cash

1-3%

Annual interest rate on liabilities secured by other assets 

2-5%

Cancellation

AMD 25 000

Claim payment

0.5%, minimum amount – AMD 50,000