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Any Legal Entity, Sole Proprietor, and as well upon Agro-lending any individual or group of individuals (on behalf whereof the duly authorized group member acts with the Bank) having applied for financing not prohibited under the Bank's Credit Policy.
The customers are divided into the following groups:
Number of employees
|Gross credit Position to the Bank|
|Micro business||1-10||up AMD 100,000,000||up to AMD 5,000,000 equivalent|
|Small business||11-50||AMD 100,000,001-500,000,000||AMD 5,000,001-100,000,000 equivalent|
|Medium business||51-250||AMD 500,000,001-1,500,000,000||AMD 100,000,001-200,000,000 equivalent|
|Large business||above 251||above AMD 1,500,000,000||above AMD 200,000,000 equivalent|
When determining the group belonging,priority is given to the largest indicator in thetable, which can change for the particular borrower during the effective period of active loans.
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- purchase, reequipment and renovation, strengthening and upgrading of fixed assets, including but not limited to:
cattle breeding complexes,
livestock and other feedstuff production units
refrigeration and warehouse farms, greenhouses,
b) short-term financing- refurbishment of working capital and cover of current expenses,included but not limited to:
spare parts of vehicles and machinery
plant protecting materials
seeds, forage, veterinary, medicine
young animals and birds
c) Combined financing- specific project financing, including but not limited to:
full reequipment of production line,
construction of inter-farm irrigation system,
startup business and launch of production chain cycle,
The Bank may provide financing for other purposes or with additional restrictions, which do not contradict the financing principles adopted by the Bank and are in compliance with the financing terms set for Program Credits or external resources.
Gross Credit Position: The sum of the residual value of previous financing extended at the particular date and the financing to be extended to the Customer, expressed in the single currency.
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.