Additional terms

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Additional terms

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Requirements for the Lessee Customer's class in the Bank Class P: a customer with 5 billion and higher bank turnover in the Bank andor a a major taxpayer in the Republic of Armenia listed on the top 50 ranking Class A: a customer with a 1.2-5 billion bank turnover in the Bank Place of lessee's business Republic of Armenia For a lessee (in case of legal entities, owners and directors with with shares above 20%) Absence of non-standard or higher class loans and guarantees Lessee's loan history No liabilities in arears for 30 and more days consecutively over the past year Capital and income requirements The customer's total capital and profit in the latest reporting year may not be negative simultaneously. Supplier Requirements Equipment supply agreement containing a liability of Buy-Back Qualified suppliers Non-qualified suppliers Concluded an equipment supply agreement with the Bank on the condition of Buy-Back with the Bank having coordinated the payment schedule and terms for the subject of lease No licensed supplier records A supplier shall meet the following eligibility criteria: requirements: 1. at least 10 years' track record or 2 years' experience with the bank 2. a website featuring the equipment being supplied 3. have the reputation of a trustworthy partner in his/her area No licensed supplier records ML/TF testing 1 Passed the bank's ML/TF testing Passed the bank's ML/TF testing Collateral Lease collateral Subject of Lease Extra lease collateral 1. Class P or Class A Bank Customer's guarantee provided they have a BBB or higher rating, and/or ultimate beneficiary quarantee 2. Pledge of movable or immovable property Preconditions for a Simplified Analysis 2 (Simplified 1) Leasing prepayment 40% and more 3 Customer requirement The Customer is among the 500 major taxpayers4, or the lessee's guarantor is among the 200 major taxpayers 4 as of the latest quarter Supplier of lease subjects Qualified suppliers, a commercial offer by the supplier or a bilateral settlement Subjects of lease New unused equipment The leasing price comprises Transport, insurance, technical maintenance/custom clearance, customs agent fees Preconditions for a Simplified Analysis 5 (Simplified 2) Customer requirement 1. The Customer has a BBB or higher rating 2. The Customer is on the ranking of the 200 major taxpayers4 , or 3. The customer has, over the past 12 months, maintained simultaneously, at least for 6 consecutive months, a loan (loans) worth a total contractual value exceeding the threefold of the Leasing value Lease application value The value of the Leasing under review does not surpass 5% of the capital 6 Lease collateral A guarantee by a Class P or Class A customer with a BBB or higher rating or whenever the lessee's guarantor is among the 200 major taxpayers4 shall serve as a collateral for the application under review 1․ Applicable only to foreign suppliers 2․ For a simplified analysis, compliance of all the preconditions is necessary 3․ If the Customer is already being serviced in the Bank and has a free llimit, including a part not encumbered with a pledge /as part of the collateral agreement with a time period longer than the leasing application period, the established leasing prepayment may be 15% for a simplified analysis and no less than the minimum permissible prepayment in case of a subsidized program. 4․ The public information on the major taxpayers shall be taken as a basis for the calculation of the value of the taxes paid; moreover, the calculation shall not comprise the paid VAT taxes 5․ A simplified analysis requires the compliance of at least 1 precondition. 6․ Own capital is calculated based upon the Customer's profit tax report to which the borrowing by the founder shall be added,

Requirements for the Lessee
Customer's class in the Bank	Class P: a customer with 5 billion and higher bank turnover in the Bank andor a a major taxpayer in the Republic of Armenia listed on the top 50 ranking Class A: a customer with a 1.2-5 billion bank turnover in the Bank
Place of lessee's business	Republic of Armenia
For a lessee (in case of legal entities, owners and directors with with shares above 20%)	Absence of non-standard or higher class loans and guarantees
Lessee's loan history	No liabilities in arears for 30 and more days consecutively over the past year
Capital and income requirements	The customer's total capital and profit in the latest reporting year may not be negative simultaneously.
Supplier Requirements
Equipment supply agreement containing a liability of Buy-Back	Qualified suppliers	Non-qualified suppliers
	Concluded an equipment supply agreement with the Bank on the condition of Buy-Back with the Bank having coordinated the payment schedule and terms for the subject of lease	No licensed supplier records
A supplier shall meet the following eligibility criteria:	requirements: 1. at least 10 years' track record or 2 years' experience with the bank 2. a website featuring the equipment being supplied 3. have the reputation of a trustworthy partner in his/her area	No licensed supplier records
ML/TF testing ¹	Passed the bank's ML/TF testing	Passed the bank's ML/TF testing
Collateral
Lease collateral	Subject of Lease
Extra lease collateral	1. Class P or Class A Bank Customer's guarantee provided they have a BBB or higher rating, and/or ultimate beneficiary quarantee 2. Pledge of movable or immovable property
Preconditions for a Simplified Analysis ² (Simplified 1)
Leasing prepayment			40% and more³
Customer requirement			The Customer is among the 500 major taxpayers⁴, or the lessee's guarantor is among the 200 major taxpayers ⁴ as of the latest quarter
Supplier of lease subjects			Qualified suppliers, a commercial offer by the supplier or a bilateral settlement
Subjects of lease			New unused equipment
The leasing price comprises			Transport, insurance, technical maintenance/custom clearance, customs agent fees
Preconditions for a Simplified Analysis ⁵(Simplified 2)
Customer requirement			1. The Customer has a BBB or higher rating 2. The Customer is on the ranking of the 200 major taxpayers⁴ , or 3. The customer has, over the past 12 months, maintained simultaneously, at least for 6 consecutive months, a loan (loans) worth a total contractual value exceeding the threefold of the Leasing value
Lease application value			The value of the Leasing under review does not surpass 5% of the capital ⁶
Lease collateral			A guarantee by a Class P or Class A customer with a BBB or higher rating or whenever the lessee's guarantor is among the 200 major taxpayers⁴ shall serve as a collateral for the application under review
1․ Applicable only to foreign suppliers 2․ For a simplified analysis, compliance of all the preconditions is necessary 3․ If the Customer is already being serviced in the Bank and has a free llimit, including a part not encumbered with a pledge /as part of the collateral agreement with a time period longer than the leasing application period, the established leasing prepayment may be 15% for a simplified analysis and no less than the minimum permissible prepayment in case of a subsidized program. 4․ The public information on the major taxpayers shall be taken as a basis for the calculation of the value of the taxes paid; moreover, the calculation shall not comprise the paid VAT taxes 5․ A simplified analysis requires the compliance of at least 1 precondition. 6․ Own capital is calculated based upon the Customer's profit tax report to which the borrowing by the founder shall be added,