Loans

• Corporate clients
•  >  Financing

To successfully compete in a rapidly growing business environment a necessity for additional financial resources may arise. ArmSwissBank provides its clients with loans and credit lines for business expansion.

The Bank offers credit instruments not only with to its own resources but also withing the scope of some programs of international financial organisations:

* GAF- “development of renewable energy” and “SMEs financing” projects

*EBRD- SME programme

The bank finances well-established and reputable corporate clients with a stable business. The bank is interested in cooperating with clients that can be long-term partners for the Bank and will cooperate with the Bank in other directions.

Remaining loyal to the policies adopted from the moment of its inception, the Bank builds relations with its clients based on “know your customer” principle. This means that the more the mutual trust between the Bank and the Client and closer the cooperation, the easier will be for us to choose and offer best tailor-made services.

The Bank extends loans, credit lines and overdraft facilities mainly to businesses operating in industrial, trade, energy and services sectors. Leasing as well as alternative financing facilities accepted in international trade, such as letters of credit, banking guarantees, collection of payments, factoring, can also be considered.

When considering specific loan applications the lending committee takes into account a number of objective and subjective factors, which can lead to the denial of the loan application regardless of the client’s creditworthiness or assets that back up the loan. The said factors include the following:

Objective factors

Income of the client or related organizations, cashflows of their bank accounts, average balance and frequency of transactions, credit history, etc.

Subjective factors

Client’s or related organization’s business acceptability and conformity with the Bank’s policies, client information accessibility, cooperation perspectives, etc.

Generally, loans are extended according to benchmark/main criteria but for each specific case of loan application the credit committee, taking into account the abovementioned objective and subjective factors, can disregard those criteria (either for the benefit of or against the client) or set additional conditions and requirements.

Possible Negative Consequences and Other Material Information

Dear Customer,

In order to avoid any possible negative consequences that might result related to the utilization of lending services, we encourage you to carefully study the information presented below and contact the Bank’s specialists in case of further questions. 

Interest on foreign currency loans is returned in drams while the principle amount is paid in the respective currency. Therefore exchange rate fluctuations can negatively affect loan payments.

In case of unduly execution of loan responsibilities (arrears, unpurposeful usage of the loan, information falsification in order to receive the loan, creating obstacles for loan monitoring/control, etc.) besides financial liability measures that the bank can exercise  the following actions can also be employed according to current legislation:

•    Voiding the contract before maturity and demanding the calculated interest.
•    Mortgage foreclosure and  in case the realization of the pledged property does not generate enough cash flows, it is possible that legal procedures will be imposed upon  the debtors to foreclose other property they own (if applicable).
•    Processing information about the debtor into credit register, which will have negative impact on your credit history and obstruct further utilization of credit services (including in other banks and credit organizations).

Necessary documents for loan application (in Armenian)

Interest calculation sample

The list of specialized appraisal organizations cooperating with the Bank

Contacts