For Corporate Clients

The following items may be considered as security:

• cash, T-bills, standardized bullions of gold
  
• fixed assets (immovable, movable), guarantees and warranties 
  
• cash flows, working assets or mixed collateral
  

Collateral Appraisal

Fixed assets should be appraised by an independent company cooperating with the bank, subject to the company’s tariffs. Appraisal costs will be borne by the borrower. Appraisal costs vary within AMD 13,000-30,000 depending on the property type. Appraisal fee for the large property will be quoted on a case-by-case basis (negotiable).

Collateral Registration

• All collateral registration costs (notarization, registration at the relevant branch of State Committee of the Real Estate Cadaster) will be borne by the borrower.
• Such fees include:
• Legal (notary) fee: AMD 14,000-16,000 (lump sum), if the loan is secured by a vehicle
• Legal (notary) fee: AMD 13,000-20,000 (lump sum), if the loan is secured by real estate
• Fee for statement from the cadaster on the real estate encumbrance: AMD 10,000
• Security interest filing fee (for real estate): AMD 26,000
• Armenian Police fee (lien and security interest in movable property): AMD 5,000 (lump sum)

Collateral insurance 

To the extent of the principal/outstanding loan, on annual basis. The collateral is insured by independent insurance companies cooperating with the bank. The following items are subject to insurance: real estate, except for land, movable property, inventories, such as finished goods, raw materials, etc. (upon request). Insurance costs are defrayed by the borrower.

• Overdraft

• Loans to large enterprises

• Credit Line