For Corporate Clients

Credit line on BUSINESS Card
Credit limit
Max. 20% of the average net monthly bank account turnover for the most recent 6 months, but in any case not more than 20 million Armenian drams or its equivalent in other currency and not less than 500,000 Armenian drams or its equivalent in other currency.
For clients with less than 6 months’ history with Ameriabank: based on net account turnover for at least 3 months in Ameriabank and net account turnover for the 3 most recent months in other banks.
Maturity period
Up to 1 year
Interest rate
  • 19% per annum for credit lines in Armenian drams
  • 18% per annum for credit lines in US dollars
  • 17% per annum for credit lines in Euros
Grace period for interests
N/A
Repayment of interests
Monthly; interests accrued as of the moment shall be charged from card account whenever the account is credited.
Credit account service fee
0.5% of the credit limit
Credit line security
·         Cash flows
·         Guarantees of owners
·         Additional security, as required
LTV (loan to value) ratio (for additional collateral)
 Up to 70%
Other terms and late payment interests (for principal)
The interest defined in the relevant agreement shall be no longer effective for the delinquent amounts and 0.1% daily shall be accrued to the said amount. 
Fine equal to 0.1% of the overdue loan for each day of default and in case of 5 business days overdue liability – also a penalty equal to 2% of the overdue loan.
Other terms and late payment interests (for interest)
Fine equal to 0.3% of the overdue interests for each calendar day of default, and in case of 5 business days overdue liability – also a penalty equal to 5% of the overdue interests.
Repayment before due date
No fines and penalties applied
Application handling period
Up to 3 business days upon receipt of the complete set of documents. Based of the review, this term may be extended for an additional period of no more than 3 business days.
Possible reasons for rejection
Based on the information provided by ACRA credit reporting, loan applications of those borrowers will be rejected who had non-performing liabilities during the last 2 years with over 30 days delinquent liabilities within 1 year.



Updated 05.06.2012, 15:32

Services for Corporate Clients

HEAD OFFICE

2 Vazgen Sargsyan Street, Yerevan 0010,RA

Tel.: +37410 56 11 11

USA:

+1 888 802 5352

UK:

+448000903191

Dear visitor,
If you find any discrepancies in the website materials in Armenian, English and Russian languages, or incomplete materials in Russian and English languages, please consider Armenian version as prevailing.
 
Ameriabank CJSC does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites by the third parties.
 
Ameriabank CJSC is supervised by the CBA.
© 2007-2017. All rights reserved.

Corporate banking