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Ameriabank has joined the Animal Husbandry Development Program in Armenia 2019-2024 designed to supply purebred cattle to farmers on favorable terms by partially subsidizing loan interest rates. The aim of the program is to improve the quality of livestock by leaving out cattle of questionable breeding, low yielding capacity or not fit for reproduction, and supplying farmers with quality purebred cattle; develop breeding; improve the yielding capacity of local livestock by cross-breeding; boost production of milk and meat while at the same time decreasing the cost of production and making it more competitive vs imported products.

Farmers applying for the program can get a subsidized loan with 2% interest rate to purchase purebred high-yielding cattle. Grow your business and help develop your community. This is a perfect opportunity for you to bring your agricultural vision to life.

Ameriabank has joined the Energy Efficiency for SMEs loan program with the firm conviction that energy efficiency is instrumental for business in saving resources and managing the consequences of global warming.

Businesses in most diverse industries can apply, including manufacturing, construction, agriculture, transport, services, etc.

This financing option allows you to pay loan service costs out of saved funds, without incurring extra expenses.

We believe that together we can help in the development of agriculture in Armenia. Ameriabank has joined the Interest Rate Subsidizing Program for Agro-Processing Industry for Purchasing of Agricultural Supplies, the aim of which is to increase access to target loans by subsidizing interest rates. This option is designed for legal entities and individual entrepreneurs in agricultural processing industry in Armenia.

Terms and conditions

Loans to agro-processing industry for procurement of agricultural raw materials (in accordance with the requirements of the respective program of the Armenian Government)
Loan Amount	Up to AMD 1,500,000,000
Loan term	Up to 1 year
Grace period (for principal):	2 – 3 months
Annual interest rate*	12% (with possibility of 9% subsidy)
Late payment fee **	Fine in the amount of 0.13% of overdue loan/interest for each day beyond terms
Loan repayment	As per schedule or at the end of term (monthly, quarterly, semi-annually or otherwise as defined under loan agreement)
Early repayment	Early repayment fee in the amount of up to 6-month interest on repaid sums where envisaged under loan agreement (Not applicable to Armenian government-subsidized loans under agriculture and cattle breeding development programs.)
Loan security	cash, T-bills, standard gold bars, bonds issued by Ameriabank : property and equipment, guarantees and warranties, other securities : cash flows, working assets or mixed collateral . Real estate*** : personal guarantees by the business founders/beneficial owners as additional security.
Loan-to-value (LTV) ratio ****	Max 100%, if the currency of loan is the same as that of collateral or, if different, it is included in SDR basket, and max 95%, if the currency of loan is different from that of collateral, except for currencies included in SDR basket
Loan-to-value (LTV) ratio ****	a) Up to 80% of appraised value of collateral (in case of real estate) for loans with up to 96-month term; 90% if the debt service coverage ratio of the borrower is 1.5 or higher; up to 70% if the loan term exceeds 96 months b) Up to 50 % of appraised value of collateral in case of movable property; 60% if the debt service coverage ratio of the borrower is 1.5 or higher and the loan term does not exceed 96 months up to 80% for the movable property which is going to be purchased or has been purchased during the last six months, starting from the loan application submission date, where the loan term does not exceed 96 months c) Up to 30 % of appraised value of collateral in case of inventories (finished goods, raw materials, etc.). Note that the share of this kind of collateral cannot exceed 40% of total pledge. d) max 50% of average monthly bank account turnover for the most recent period from 6 (min) to 12 (max) months, for cash flows e) for shares: - up to 80% of appraised value of collateral in case of running business - up to 60% of appraised value of collateral in case of business not yet running (project-based loans)
Pledge insurance	- To the extent of outstanding loan, on annual basis - The insurance of the pledged real estate is to be obtained only if it is or will be used for business purposes.
Application handling period	5-15 business days upon receipt of complete set of documents
Application handling period	Depending on the case, these terms may be extended for an additional period of not more than 10 business days.
Validity period (period during which loan approval is effective)	30 days, unless otherwise specified by the decision of the bank’s authorized body
Loan re-approval	Upon expiry of approval validity period, but not later than 60 days after the initial approval date
Form of disbursement	Wire transfer to bank account
Loan modification application fee*****	AMD 500 000

*Maximum annual interest rate shall not exceed 24%. The interest rate specified in the loan agreement shall continue to be applied to overdue loans.

** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties under the Agreement shall be within the limits defined under the legislation of the Republic of Armenia.

*** Real estate must be located in Yerevan.

**** Where the guarantee is the main security and there are pledged items as well, loan-to-value ratio is not applicable. This being the case, the character of security (main or additional) is defined in loan conclusion and approved by the authorized body.

***** Loan modification fee shall be payable by the client in case the application for revision of terms was submitted by the client at their initiative and approved by the bank. The fee is paid based on analysis and conclusion prepared by relevant department of the bank for the client’s application. In other cases of modification of the loan terms charging of the fee shall be subject to decision of the bank’s authorized body

Loans for purchase of pedigree cattle to promote cattle-breeding in Armenia under 2019-2024 program (in accordance with the requirements of the respective program of the Armenian Government)
Loan Amount	Up to AMD 300,000,000
Loan term	Up to 5 year
Grace period (for principal):	Up to 12 months
Annual interest rate*	Max 12% (with possibility of 10%-12% subsidy)
Late payment fee **	Fine in the amount of 0.13% of overdue loan/interest for each day beyond terms
Loan repayment	As per schedule or at the end of term (monthly, quarterly, semi-annually or otherwise as defined under loan agreement)
Early repayment	Early repayment fee in the amount of up to 6-month interest on repaid sums where envisaged under loan agreement (Not applicable to Armenian government-subsidized loans under agriculture and cattle breeding development programs.)
Loan security	cash, T-bills, standard gold bars, bonds issued by Ameriabank : property and equipment, guarantees and warranties, other securities : cash flows, working assets or mixed collateral . Real estate*** : personal guarantees by the business founders/beneficial owners as additional security.
Loan-to-value (LTV) ratio ****	max 100%, if the currency of loan is the same as that of collateral or, if different, it is included in SDR basket, and max 95%, if the currency of loan is different from that of collateral, except for currencies included in SDR basket
Loan-to-value (LTV) ratio ****	a) Up to 80% of appraised value of collateral (in case of real estate) for loans with up to 84-month term; 90% if the debt service coverage ratio of the borrower is 1.5 or higher; up to 70% if the loan term exceeds 84 months (not applicable to energy loans); up to 100% for A.5 loans b) Up to 50 % of appraised value of collateral in case of movable property; 60% if the debt service coverage ratio of the borrower is 1.5 or higher and the loan term does not exceed 84 months c) Up to 30 % of appraised value of collateral in case of inventories (finished goods, raw materials, etc.). Note that the share of this kind of collateral cannot exceed 40% of total pledge. d) max 50% of average monthly bank account turnover for the most recent period from 6 (min) to 12 (max) months, for cash flows e) for shares: - up to 80% of appraised value of collateral in case of running business - up to 60% of appraised value of collateral in case of business not yet running
Pledge insurance	- To the extent of outstanding loan, on annual basis - The insurance of the pledged real estate is to be obtained only if it is or will be used for business purposes.
Application handling period	5-15 business days upon receipt of complete set of documents
Application handling period	Depending on the case, these terms may be extended for an additional period of not more than 10 business days.
Validity period (period during which loan approval is effective)	30 days, unless otherwise specified by the decision of the bank’s authorized body
Loan re-approval	Upon expiry of approval validity period, but not later than 60 days after the initial approval date
Form of disbursement	Wire transfer to bank account
Loan modification application fee*****	AMD 500 000