Trade Finance Loans

Taking into account the necessity of successful competition in the fast growing business environment as well as the limited possibilities in the local market we offer trade financing tools: import, order financing and pre-export financing loans.

The provision of non-cash, up to 11 months privileged period as well as the existence of alternative options of payment make this tool more appropriate for the realization of Your business goals.

The decision of crediting is made within 3 working days and the loan is provided within 5 days after the customer presents the necessary documents for loan processing.

Condition * IMPORT FINANCINGORDER FINANCING LOANS EXPORT PROMOTION LOANS PRE-EXPORT AND POST-EXPORT FINANCING BY INSURANCE OF ARMENIAN EXPORT INSURANCE AGENCY (EIAA)
Loan purpose Import for fixed and working capital purposes Delivery of goods or services provided by Contract / tender To obtain and / or prepare goods and / or services for the execution of an export contract , and in the case of post-export financing, for the purpose of refinancing the expenses incurred in fulfilling the export contract
Providing method Non-cash Cash / Non-cash Cash / Non-cash Cash / Non-cash
Maximum and minimum amount 10,000,000 - 700,000,000 AMD or equivalent foreign currency Up to 70% of the contractual cost of contractual supply of goods / services by the customer, minimum AMD 10,000,000, maximum AMD 300,000,000 or equivalent foreign currency Up to 70% of the contractual amount, minimum AMD 10,000,000, maximum AMD 300,000,000 or equivalent foreign currency Depending on the terms of the EIAA insurance limit
Currency AMD,USD, EUR AMD, USD, EUR AMD, USD, EUR AMD, USD, EUR
Maximum and minimum deadline Turnover: from 1 to 12 months (per trading cycle for this product) and fixed assets up to 24 months For a reasonable period of time stipulated in the signed contract, but not more than 12 months Depending on the payment terms of the buyer specified in the supply contract In the case of pre-export financing the length of the product's commercial cycle but not more than 12 months , and in the case of post-export financing, subject to the terms of payment of the buyer as set forth in the supply contract, but no more than 24 months
Maximum grace period Working capital-
up to 11 months.
Fixed assets -
up to 23 months
Up to 11 months Depending on the payment terms set forth in the contract of supply Depending on the payment terms set forth in the contract of supply
Repayment schedule One-time at the end of loan term One-time from the amount of revenue provided by the supply contract One-time or under contract of supplyout of the amount of revenue provided for in the supply schedule At the end of the lump sum period or in accordance with the schedule provided by the supply contract, the proceeds of the supply contract
Interest repayment schedule Loan interest is paid on a monthly basis In case of pre-export financing, on a monthly basis , and in the case of post-export financing at the end of the term
Nominal interest rate AMD 11.5-12.5%
USD 7.25-8.75%
EUR 5.75-7.25%
AMD 12-13%
USD 9.0-10.0%
EUR 6.5-7.5%
AMD 11- 12%
USD 7.25- 8.75%
EUR 5.75- 7.25%
Extra discounts may be provided on the annual interest rate on "Export Promotion Loans" currently in force at the Bank (see sidebar) for loans secured by EIAA insurance policies.
Fee limits Limit amount 0.25%, min AMD 25,000
Providing fee 0.5% one-time, min. AMD 50,000 0.5% one-time, min. AMD 50,000 0.25% one-time, min. AMD 50,000 In case of pre-export financing in accordance with the insurance limit approved by EIAA , and in the case of post-export financing, starting from 0.1% of the calculated amount

*Exporters are offered additional discounts and benefits.

Condition 1 IMPORT FINANCINGORDER FINANCING LOANS EXPORT PROMOTION LOANS PRE-EXPORT AND POST-EXPORT FINANCING BY INSURANCE OF ARMENIAN EXPORT INSURANCE AGENCY (EIAA)
Types of security Fixed assets ( including movable or immovable property), working capital, shares / stocks, personal guarantees of owners / managers Rights arising from the supply contract , letters of credit , Fixed assets ( including movable or immovable property ), working capital, shares / stocks, personal guarantees of owners / managers personal guarantees of owners / managers loan repayment and buyer non-payment risk insurance after EIAA, pledge claim
Collateral valuation Upon request by the rating partner organization - - -
Insurance at the request of the bank, at least in the amount of the loan balance cargo insurance credit risk and buyer default insurance by EIAA
Approximate cost of insurance • Annual property insurance premium is about 0.15-0.3% of property value,
• Annual equipment insurance premium is about 0.2-0.5% of property value,
• The annual premium for working capital accounts for about 0.3-0.5% of property value.
• The annual insurance premium for vehicles starts at about 2.5% of property value,
• Roadside insurance premiums start at about 0.13 percent of property value depending on the type of insurance covered.
In the case of post-export and pre-export financing in accordance with EIAA tariffs www.eia.am
Approximate collateral valuation expense for each property unit Residential property valuation starting from AMD 15,000
For non-residential property valuation starting from AMD 25,000
For vehicle valuation starting from AMD 8,000
For detailed information, see the list of specialized valuation companies that work with the Bank
Collateral formulation • Notary fee - one-off 13.000-25.000 AMD in case of real estate pledge,
• Registration fee for real estate collateral - up to AMD 26,000
Fees on pledge of transport vehicle (for common reference and pledge) - lump sum AMD 5,000

1- Exporters are offered additional discounts and benefits.

LIST OF SPECIALIZED ASSESSMENT ORGANIZATIONS COOPERATING WITH "ARMSWISSBANK" CJSC
Organization Phone Address Email address
ACCERN-ELITA LLC + (374 10) 27 76 62
+ (374 91) 27 76 62
RA, Yerevan, 12 Vagharshyan appraisal@akcern.am
AMINTAS GROUP LLC + (374 10) 43 27 76
+ (374 96) 43 22 76 + (374 94) 43 22 76
RA, Yerevan, 23/6 Artsakh str. amintasgroup@mail.ru
ARVM CONSULT LLC + (374 10) 54 64 90
+ (374 98) 94 44 49
RA, Yerevan, 48/1 Nalbandyan str.,
"SAKHAROV" BUSINESS CENTER, 2rd floor
info@rvmconsult.am
UPTIME LLC + (374 60) 53 53 71
+ (374 98) 53 53 14
RA, Yerevan, Pushkin str./Yerevan, Yekmalyan St.,"BUSINESS PALE", 3rd floor info@uptimellc.org
AG BORSA/Stock Exchange LLC + (374 10) 25 90 31 RA, Yerevan, N. Zaryan str., 22a building agborsa@mail.ru
Bildap LLC + (374 10) 54 71 60 RA, Yerevan, 5 Zakyan str., 1 office buildup@rambler.ru
BILIV LLC + (374 94) 22 11 11 RA, Yerevan, Mashtots ave., 9-14 arm-belive@mail.ru
GARDI LLC + (374 91) 41 22 79 RA, Yerevan, 7 Baghramyan str., 4 gardiltd@gmail.com
COST CONSULT LLC + (374 10) 54 48 82 RA, Yerevan, 13/2 Khanjyan str. cost@consultant.com
SHIRAKAMUT LLC + (374 93) 40 09 59 RA, Yerevan, 26/3 V. Sargsyan str., 201 r. info@shirakamut.am
VMRP LLC + (374 10) 58 87 97 RA, Yerevan, 8 impasse Vardanants, 3 building vm-rp@mail.ru
Oliver Group LLC +(374 10) 54 27 40 +(374 10) 54 27 50 +(374 10) 54 27 60 RA, Yerevan, 8 Tumanyan str., 216 r. info@olivergroup.am

Download

Condition 1 IMPORT FINANCINGORDER FINANCING LOANS EXPORT PROMOTION LOANS PRE-EXPORT AND POST-EXPORT FINANCING BY INSURANCE OF ARMENIAN EXPORT INSURANCE AGENCY (EIAA)
In case of overdue loan amount daily penalty is% of the amount due 0.1%
In case of interest repayment overdue, daily penalty -% of the amount due 0.1%
Interest rate on overdue loan Provided by the requirements of Article 411 of the RA Civil Code
Fine in case of early repayment ( In case of credit line, the penalty is calculated from the amount of the limit ) 0.1% Not planned
Penalty for non-purposeful use of loan amount or part thereof Up to 10% of non-targeted use Up to 10% of non-purposefully used amount In accordance with EIAA insurance terms
Amendment / revision of the terms of the current contract (loan, mortgage, bank guarantee, etc.) AMD 50,000
An amendment to an existing contract shall be deemed to be at least the following, unless otherwise decided by the Credit Committee of the Bank:
• revision of the repayment schedule defined by the loan agreement, unless payment of the penalty for early repayment is foreseen;
• modification of other terms of the loan agreement (interest rate, loan purpose, method of settlement, etc.) according to the client's request,
• modification of the principal terms of the security, including the pledge or guarantee agreement at the client's request, early or full release of the pledge or guarantee, and so on shall not apply to changes in contracts that are the result of a change in another contract.

1- Exporters are offered additional discounts and benefits.

Condition 1 IMPORT FINANCINGORDER FINANCING LOANS EXPORT PROMOTION LOANS PRE-EXPORT AND POST-EXPORT FINANCING BY INSURANCE OF ARMENIAN EXPORT INSURANCE AGENCY (EIAA)
Terms of financing • Provided in case of contracts, letters of credit, guarantees concluded with acceptable bank customers
• The Supplier shall have no overdue liabilities, including overdue tax liabilities
• The Supplier will only be obliged to pay the amount financed for payment of the Goods / Services ordered by the Buyer, except for post-export financing under EIAA insurance, where the intended use of the funded amount is not intended.
In the case of pre-export financing under the EIAA insurance, the supplier shall direct the financed amount to the purchase of working capital for the execution of the export contract and to certain other expenses (packaging, transport and other expenses).
The Bank may determine other terms of payment based on the specificity of a particular transaction.
Deadline for making a loan decision All documents required by the customer within 3-10 business days, depending on the specifics of the transaction, the amount, the history of cooperation with the bank, etc.
Informing the customer about the loan decision Up to 2 business days
Date and place of loan registration within 3 business days after submission of all documents required by the client for the loan
Review of approved / unpaid loan terms AMD 50,000, but not more than the commission / fee charged for the previous decisionv

1- Exporters are offered additional discounts and benefits.

NGeneral DocumentsNotes
1. Application In the form provided by the Bank R
2. Charter Copy R
3. IDs of the director, chief accountant (if applicable) and founders (shareholders) stipulated by the Armenian Law (Passport, identification card, etc.), as well as a statement of actual place of residence ** (copy provided by the bank) Copies/ in the case of founders (participants) as required R
4. Financial data in the form required by the loan officer for the last 2 reporting periods (e.g. for financial position, financial results, cash flow) Copy R
5. Statements of accounts with other banks (for the last 12 months) Original AR
6. Current loan, collateral and other contracts Copy AR
7. Certificate or lease of ownership of the place of business Copy AR
8. Business plan or feasibility study Original AR
9. Other documents (calculations and reports presented to the State Income Committee, last act of tax monitoring, statement on loan accounts, insurance contracts/policies, official audit report, procurements issued by the director, etc.) Copy/ prescribed by law statutory audit companies present the financial statement package and audit report AR
10. License (in case of activity requiring licensing) Copy R
11. Reference about the obligations to the state budget Original AR
12. Other documents (construction, contractual contracts, sales contracts, service contracts, invoices, fixed assets, raw materials contracts, invoices) AR
13. Resolution (excerpt from the resolution) of the authorized body (Board or General Meeting, sole shareholder) about receiving the loan and/or pledging the suggested collateral Original R
14. Statement from the state register about the changes of the members, the director as well as the charter Original/is required by the Bank when it is not possible to obtain information AR
15. For Joint Stock companies extract from the register about the shareholders of the company issued by the Central Depository of RA. Original AR
N2. Collateral documentsNotes
1. Ownership certificate of the collateral Copy R
2. ID (passport, identification card, etc) of the owner and/or the guarantor(s) of the collateral stipulated by the Armenian legislation, if available, and in case of absence - relevant reference, as well as a statement of actual place of residence ** (copy provided by the bank) Copy R
3. ID (passport, identification card, etc) of the collateral’s owner(s)’ spouse stipulated by the Armenian legislation, , if available, and in case of absence - relevant reference, as well as a statement of actual place of residence ** (copy provided by the bank) Copy R
4. Marriage certificate of the owner(s) of the collateral. Copy R
5. Legal documents of the company owning the collateral and ID of the director. Copy R
6. Statement from the state register/depository about changes in the statute, shareholders and director of the company owning the collateral./Original/ if the bank receives a certificate from the state through an online inquiry, it is not required by the customer AR
7. Resolution of the authorized body of the company owning the collateral about making a pledge. Original R
8. Report on the assessment of the collateral For the beginning it can be a statement R
9. Property Mapping Report Original /is required in case of land pledging/ R
10. Vehicle registration certificate / technical passportv Copy R
11. State registration certificate for the ownership registration of the vehicle Copy(to be presented after the credit committee approves the loan) R
12. Statement about the limitations on the disposal of the vehicle Original (to be presented after the credit committee approves the loan) R
13. List of pledged fixed assets Stating the name, quantity, model, production date, country of production, serial number R
14. Technical passport(s) of the fixed asset(s) Copy R
15. List of pledged working capital Stating the name, measurement unit, quantity, price, amount R
16. Consent from the collateral’s lessees Original (to be presented after the credit committee approves the loan) AR
17. Insurance certificate(s) of the collateral Copy (to be presented after the credit committee approves the loan) AR
18. Other documents (documents certifying the purchase of the collateral, procurements issued by the pledgor, spouse’s notary certified consent) Original/ copyR

*In case of prime security the of the documents might not be required by the Bank.

- The Bank might require the client to insure the collateral.

- The documents requested by the Bank can be required (R) or at request (AR)

- Documents listed in point 10 through 15 are required if the collateral is a vehicle or other fixed/working asset.

** If necessary, at the request of the Head of Lending Department or Customer Service Department, the client shall provide a statement from the Passport and Visa Department of the RA Police or the condominium of residence.

List of required documentation

- Penalties will accrue if you do not fulfill your obligations on time.

- In case of overdue loan liabilities, the accumulated penalties will be paid at first, then the accumulated bank interest rate, then the contractual interest, then principal amount.

- Attention: in case of default or failure to fulfill your obligation, the creditor sends this information to the credit bureau within 2 (two) business days where your credit history is recorded.

- You have the right to get your credit history information free of charge once a year from the credit bureau.

- Attention: bad credit history can prevent you from getting a loan in the future.

- Warning: Your property (home, car or other) may be confiscated by law if you fail to make your interest and loan repayments on time.

- Changes in foreign exchange rates may affect loan repayments.

- In case of default on your pledge account, if the pledge is not sufficient to cover your credit liabilities, repayment of liabilities on your other property (if any are) is possible.

- To find out the terms, conditions and tariffs for providing statements, their copies, references and other information during the term of the contract, please consult the page "Accounting for Legal Entities and Individual Entrepreneurs"

Calculators

 

Loan Calculator