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Issuance Terms of Bank Guarantees

Bank Guarantee is a written obligation on another person's (Principal's) request, by which the Bank undertakes an obligation towards the debtor (Beneficiary) of the Principal to pay a certain amount on the written request of the latter in accordance with the terms of obligations undertaken by the Guarantee.

 

Principal - the RA/AR resident and non-resident legal entities and private entrepreneurs.

Tender/Bid Guarantee - security for execution of tender obligations. If the tender participant (the Principal) objects to perform any obligations covered by the tender conditions, the Beneficiary receives a right to demand from the Bank the amount mentioned in the Guarantee.

Performance Guarantee - security for fulfillment of obligation towards the Beneficiary assumed by the Principal, undertaken by the main agreement signed between the Principal and the Beneficiary.

Advance Payment Guarantee - provided in case of getting of prepayment under the Agreements and used to recover the amount paid in advance as a result of failure of fulfillment of contractual obligations by the Beneficiary towards the Principal. 

 

Security

As a security for guarantee the Bank accepts:

- immovable property,
- equipments,
- working capital,

- cash,
- in case of tender guarantees - personal guarantee of executive director of the Principal who is a legal entity and/or shareholders/participants/members,
- other liquid guarantee means defined by the Bank's crediting policy.

Guarantee Limit

  • in case of cash collateral - up to 100%
  • in case of other collaterals (pledge) - up to 80%

Commission

The Principal pays one-off charge for the provision of guarantee for the whole term of guarantee.

Transaction Type
Tariffs and Rates
Issuance of Credit Guarantees
By agreement, minimum 3.0% per annum
Issuance of Other Guarantees
  • with Cash Collateral
  • up to 30 days
 single payment 0.3%, minimum AMD 10 000
  •  from 31 to 90 days
 single payment 0.5%, minimum AMD 15 000
  •  from 91 to 180 days
 single payment 0.7%, minimum AMD 15 000
  • 181 days and more
 single payment 1.0%, minimum AMD 20 000
  •  Secured by Other Collateral
  • up to 30 days
single payment 0.80%, minimum AMD 25 000
  • from 31 to 90 days
single payment  1.0%, minimum AMD 30 000
  • from 91 to 180 days
single payment 1.5%, minimum AMD 35 000
  • 181 days and more
single payment  1.8%, minimum AMD 40 000
  • 361 days and more
single payment 2.0%, minimum AMD 45 000
  • AMD 20 mln and above or
    equivalent foreign currency
By the decision of the Crediting Committee
Prolongation of Guarantee Term
  • first prolongation
0.2%
  • second prolongation
0.5%
  • third and following prolongations
1.0%
  • AMD 20 mln and above or
    equivalent foreign currency
 By the decision of the Crediting Committee
Amendments of other Conditions of Guarantee
AMD 35 000
Termination of the Guarantee
AMD 45 000
Payment on Demand for the Guarantee Issued by the Bank
  • in case of cash collateral
0.2%, minimum AMD 27 000
  • security by other collateral
0.2%, single payment minimum AMD 45 000 and 14.0% annual interest rate




  • Required Documents

    1. Copies of the Charter and State Registration Certificate.

    2. Certificate from the State Register on the latest date of the Charter's registration and on owners and directors of the company.

    3. IDs of the owners and directors of the company (copy of passport, social card, if necessary).

    4. Decisions of the corresponding management bodies on loan disbursement and provision of pledge.

    5.  References from the RA/AR state bodies on Customer's tax obligations. 

    6. Letter from the Bank providing services to the Borrower on the Borrower's account in that Bank and on cash flows (if available).

    7. Financial reports which includes:

    - The balance of the last reporting period and statement of income and expenses.

    - Statement of cash flows.

    8. Internal financing reports, which describe the organization's financial condition in details and changes for its demand in the resources within a year (in quarters, in months).

    9. Report on internal management. The Bank may require operative accounts which may be saved in the records and reports created for the management of the company. The documents refer to transactions and investments, amendments of receivables and payables, sale, the amount of resources, etc.

    10. Business plans, if necessary. In this case a business plan in details is presented, which should contain information about the aims of program, predictions on financial reports, etc.

    11. Documents on the property to be pledged.

    12. Other required documentation.

 



Updated 2019-09-26 15:26:18



 
USD 476.50 479.50 477.97
EUR 525.50 532.00 528.87
RUB 7.40 7.58 7.49
CHF 476.00 485.00 482.75
GBP 620.00 631.00 628.91
GEL 145.00 178.00 161.69
CAD 346.00 362.00 360.38
 
USD 476.00 479.50 477.97
EUR 525.50 532.00 528.87
RUB 7.41 7.59 7.49
CHF 480.00 485.50 482.75
GBP 621.00 634.00 628.91
GEL - - 161.69
CAD - - 360.38

ARCHIVE Updated 10.12.2019 09:36


 
XAU 1 gram - 38000.00
XAU 50 gram - 1250000.00
XAU 1000 gram - 22900000.00
XAG1000 gram - 390000.00
XAU 1 գրամ - -
XAU 50 գրամ - -
XAU 1000 գրամ - -
XAG1000 գրամ - -

ARCHIVE Updated 10.12.2019 09:40