Any legal entity, individual entrepreneur and in case of agro-financing, an individual, as well as a group of individuals represented by an authorized member of this group in the Bank, may become the customer of Converse Bank CJSC if it holds a Bank account and applies for a loan, unless it is engaged in any activity prohibited under the lending policy of the Bank.
Bank customers are divided into groups as follows:

Bank financing of customers is used to cover a temporary gap in cash flow, which occurs in the course of business and increasing business activities. The funds provided may be used for the following purposes depending on the time frame:

a) long-term financing: acquisition of fixed assets and equipment, re-equipment and renovation, expansion and modernization, including but not limited to:

• production space
• livestock business
• farms
• livestock and other feedstuff production units
• slaughterhouses
• freezer and other storage businesses, green houses
• machines
• equipment
• assembly lines
• orchard planting
• heated green houses

b) short-term financing: working capital replacement and current expenditures covering, including but not limited to as follows:

• working products
• raw materials
• spare parts of machines and equipment
• repair materials
• combustive-lubricating materials
• mineral fertilizers
• plant protecting materials
• seeds, fodder, veterinary materials and medicine
• young animals and birds

c) mixed financing: including but not limited to as follows:

• full re-equipment of production assembly line
• construction of internal irrigation system
• setting up new businesses and support of the first production cycle
• orchard planting

Other financing options may be provided with other targets or additional limitations that are not in conflict either with the Bank's principles or the conditions of the owner providing the funds, including those set for program loans.
Each financing depends on the specific features of each case.

The requirements of this section are the minimum ones. Stronger requirements may be set by the Loan Specialist or the officer who approves the financial facility.

The market value of the security of financing (express, micro, small, medium) is reduced not less than with 35%.

Liquidity price of the pledge, which is accepted as security for financing purposes, is defined by using the following liquidity coefficients against market price.

Location areas of property

Liquidity coefficient*

*Other coefficient can be applied depending on the loan file.

Minimal threshold of total liquidity price of the pledge and customer's liabilities to the bank is:

• In case of micro, small, medium, corporate financing - 1.2
  In case of large financing - 1.5
• In case of primary security:
  - In case of the same currency - 1.1
  - In case of different currency - not less than 1.1

No minimum term is specified for loan.

The requirements hereof are minimum standards, and can be restricted by the credit expert or by the person, who approves financial tools. 

Dear customers,
For more details please contact the Head Office on the address 26/1, Vazden Sargsyan Str., Republic Square or by phone 511 200, 511211 as well as all the branches of the Bank on the following addresses and telephone numbers.