Holding a current account with ACBA-CREDIT AGRICOLE BANK CJSC, you will have the opportunity to manage your funds efficiently and securely, as well as send and receive profitable transfers on the territory of Armenia and worldwide.
Do you need cash to finance your current expenses?
We offer a business credit line, which can be provided up to 70% of the average monthly movement of your accounts for the last 1 year, with the possibility of repaying the principal amount at the end of the interest accrued on it.
The maximum credit line amount is set based on the turnover of all accounts of the customer at the Bank, or the results of the financial analysis of the customer’s business. If based on account turnover, the amount of the credit line cannot exceed 70% of the average annual turnover of all accounts of the customer and related persons/entities at the Bank.
Real estate, vehicles, agricultural machinery, equipment, cash and equivalents, jewelry and other goods, also guarantees may be requested.
Terms and conditions
Important to know
The repayment of the business credit line and interest amounts, calculated against it, is performed at the end of validity of the credit line.
Business credit lines are extended to sole proprietors and legal entities with uninterrupted business activity during the last one year
Currency: AMD, foreign currency (amount is transferred to current account and can be cashed)
Duration of credit: up to 24 months, no minimum duration
Minimum amount: not defined
Maximum amount: The maximum credit line amount is set based on the turnover of all accounts of the customer at the Bank, or the results of the financial analysis of the customer’s business. If based on account turnover, the amount of the credit line cannot exceed 70% of the average annual turnover of all accounts of the customer and related persons/entities at the Bank
Interest on the used portion of the credit line: AMD 13-17%, USD 9-15%, EURO 7.5-12%, RUB 10-18%
Interest on the unused portion of the credit line: AMD and foreign currency - 0-3%
Interest accrues based on used and unused portions of the credit line
The credit line is extended on non-cash terms
Repayments are made at maturity
Security: real estate and movable property, guarantees, precious metals, goods in circulation, cash and equivalents, etc
The sum of the lump sum of the loan and the interests of 12 months shall not exceed 83.33% of the assessed value of the collateral
Copy of the personal identification document of the executive officer (director) and the chief accountant
State registration certificate with annexes
Certificates of ownership (lease contracts) of used premises
Copy of the charter
Decision of the authorized management body (general assembly of the company) to apply for the loan
Statement from state tax authorities about tax obligations
Copy of the taxpayer identification number (if taxpayer identification number not specified in the state registration certificate)
Reports last submitted electronically to tax authorities, as well as notification of receipt of the reports thereby. The reports should be marked as “Verified with original” (dated and signed). If the customer is a legal entity, the reports should also be signed by the executive (director) of the entity or an authorized official and sealed with the official (round) stamp of the entity.
Proof of ownership of property pledged as collateral
If the customer does not have a bank account at ACBA BANK OJSC, documents required for opening an account (in original)
In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 13.01.2022 10:08