Capital Loans

These loans are granted for capital finance purposes for a period of up to 3 years. The funds are used by companies for fixed assets purchases, reconstruction and development, consequently resulting in business expansion or launching of new business lines. The interest rate on these loans is determined taking into account the risk and return for the particular customer (business), while the repayment schedule is being tailored to meet the expected future cash flows generated from the capital investment.

These loans are usually granted at a fixed interest rate.

The commercial credit and trade facilities offered by our bank generally require adequate security cover to be provided by the customer. Security is not the primary factor for the assessment of a proposal, however the availability of an adequate collateral securing the extended commercial credit and trade facilities is necessary. We accept the following types of securities:

The acceptable level of the security/facility ratio is determined taking into consideration the customer's credit history, facility amount, security type, availability of audited financial accounts, risk and return considerations, and degree of liquidity of the security. Generally, the security/facility ratio is determined as the ratio between the appraised value of tangible security and the overall limit of the extended facilities.

The list of documents necessary to apply for a commercial banking facility

To apply for a commercial banking facility, the following documentation should be presented:

• Legal documentation related to the company, including the copy of the charter and state register;
• Financial accounts of the company for a least two preceding annual reporting periods;
• Projected financial statements for the entire sought finance period;
• Copies of credit agreements with other financial institutions;
• Account statement with other financial institutions for a least one preceding year;
• Copy of the ownership certificate of the collateral to secure the sought facility;
• Other documentation and supplementary information, as well as materials provided at the company’ s discretion, that may become necessary in the course of the loan application review process, including but not limited to business plans and calculations, additional materials and disclosures that might be useful in evaluating the applicant’s financial position and performance, as well as creditworthiness.