SIMPLE GUARANTIES

Type

1. Bid participation guarantee  

2. Prepayment guarantee

3. Post-performance quality guarantee

4. Guarantee for performing activities

5. Other

Currency

AMD

subject to exchange rates published by the CBA

Maximum term

up to 48 months

Minimum amount

not specified

Maximum amount available to the Borrower under the following terms *

AMD 100.000.000 or foreign currency equivalent

Application screening fee

AMD 6,000 (paid one-off at the time of application)

Fee for review of guarantee terms

AMD 25,000 (for each case of review)

Guarantee issuance fee*

Guarantees for bid participation /other guarantees

1. Under cash funds: 0.75% per annum,

min AMD 10,000

2. Under real estate: 3% per annum,

min AMD 60,000                                                        

1.     Under cash funds: 0.75% per annum,

min AMD 10,000

2.     Under real estate: 5.5% per annum,

min AMD 60,000                                                        

*In case of early repayment of the guarantee, the commission fee is not a subject to refund

Commission fees

1. One-off at the time of issuance;

2. Monthly, at the rate higher by 0.5%

Collateral

for bid participation guarantees

1. Cash funds in accounts serviced with the Bank subject to the bank account or deposit agreement (under restriction) or pledge of real estate;

2. For legal entities - surety by individual owners of 20% and more shares (shareholders); and in case of an individual owning 70% and more shares - only the given shareholder’s surety;

3. Cash funds circulating in the client’s accounts serviced with Bank and the right of claim pertaining thereto (without restriction).  

for other guarantees

1. Real estate pledge and for legal entities - surety by individual owners of 20% and more shares (shareholders); and in case of an individual owning 70% and more shares - only the given shareholder’s surety or  

2. Cash funds in accounts serviced with the Bank subject to the bank account or deposit agreement (under restriction);   

3. Cash funds circulating in the client’s accounts serviced with Bank and the right of claim pertaining thereto (without restriction).

Collateral registration fee

1. Collateral registration: AMD 26,000                                                                                                                                                                                                                                  

2. Purchase and collateral registration: AMD 71,000                                                                                                                                                                                                                                  

(each collateral (above 1) is subject to tariffs of the RA Cadastre Committee)