Converse Bank- Financing small and medium business development

Updated: 13.12.2010 10:16

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01.02.2012 - 29.02.2012

AMD - 11.00

USD - 7.00

Personal lending

Business lending

Leasing

Financing small and medium
business development

Customers

Facilities

Types of financing

General financing terms

Interest rates

Financing through International Programs

List of documents required for lending

Financing small and medium
business development

Loan calculator

Financing small and medium business development

Develop your working business, trade, services, production by using convenient loan package offered by "Converse Bank" CJSC.

Currency	Amount	Term	Interest rate*
AMD	100 000 - 60 000 000	From 3 months to 60 months	16% - 24%
USD**	300 - 170 000		14% - 22%
EUR	200 - 130 000		13% - 22%

* Interest rate is calculated to the minimizing balance.
** In case of providing loans in foreign currency the interest amount is calculated at the rate of the FX value of the given day.

Interest rates and time periods are subject to conformity for each transaction, taking into account the purpose and structure of transaction, customer description and financial state.

Necessary document for receiving loan

♦ Certificate of state registry
♦ Tax code
♦ Passport copy of physical person, the sole entrepreneur or director of LLC and other documents

Advantages

♦ Provision of AMD 1 500 000 without pledge
♦ Commission- 0%
♦ Fast decision making
♦ Minimal term of business activity:
3 months
♦ Creating credit history
♦ Flexible system of repayments

Provided instruments

♦ Loan
♦ Credit line
♦ Overdraft

Pledge type

♦ Movable property or real estate

Fines

♦ For each overdue day 0.1% of principle amount and 0.3% of interest amount
♦ In case of delaying the repayment for 5 days 5% of fine is applied upon the interest amount, and 2% upon the overdue principle amount.

Financing agro-business

You have a farm and want to develop it. But each development requires investments.

Instrument	Amount	Term	Interest rate
AMD	AMD 100 000 - 35 000 000 or equivalent currency	Up to 84 months	Starting from 12%
USD	Above AMD 35 000 000 or equivalent currency	Up to 84 months	Starting from 12%

Necessary document for receiving loan

♦ Copy of charter
♦  Passport copy of the sole entrepreneur or physical person
♦  Certificate of state registry
♦  TIN
♦  Passport copies of founders, the director and chief accountant
♦  Bases of owing the means to be pledged, documents proving the ownership rights
♦  Other documents if necessary, on demand

Advantages

♦ Low interest rate
♦ Fast decision making
♦ Wide net of branches
♦ Financing within the scope of a number of projects with privileged terms
♦ Creating credit history
♦ Flexible system of repayments

Provided instruments

♦ Loan
♦ Credit line
♦ Overdraft
♦ Bank guarantee
♦ Letter of Credit

Pledge type

♦ Movable property and real estate

Fines

♦ For each overdue day 0.1% of overdue principle amount and 0.3% of overdue interest amount
♦ In case of delaying the repayment for 5 days 5% of fine is applied upon the overdue interest amount, and 2% upon the overdue principle amount.

Example of the table of monthly repayments:

Amount (AMD)	Interest rate	12 months	24 months	36 months	48 months	60 months
1 500 000	24%	141 839	79 307
6 000 000	20%	557 000	307 000	223 666	182 000	157 000
10 000 000	18%	916 800	499 241	361 524	293 750	253 934

Dear customers,

For more details you can approach the Head-Office of the Bank on the address 26/1 Vazgen Sargsyan, Republic Square (telephone number 511200, 511211, 511208, 511237) or "Central" branch on the address 49 Komitas, Yerevan (telephone 236850, 236401), as well as the other branches of the bank on the following addresses and telephone numbers.