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Basic conditions of foreign credit lines in 

JSCB "ASIA ALLIANCE BANK".

Financing line for the Islamic Corporation for Private Sector Development

Financing line for the Islamic Corporation for Private Sector Development (ICPSD) is directed to the financing of investment projects of small business and private entrepreneurship entities for the acquisition of equipment and technologies for enterprises whose primary activity is not contrary to the requirements of ICPSD.

The minimum and maximum amount of financing for each project

up to 100% of the cost of the import contract in the range from 500.000,00 to 4.000.000,00 USD

Financing line currency

US dollar

The maximum period of financing for this line

up to 4 years

Grace period for project

up to 6 months


Credit line of Commerzbank AG

Credit line of the Commerzbank AG is directed to the financing of investment projects of small business and private entrepreneurship entities for the acquisition of equipment and technologies from Germany and other OECD countries (by prior agreement with Commerzbank AG).

The minimum and maximum amount of financing

up to 85% of the cost of the import contract + up to 100% of insurance bonus from the Credit Agency (500.000.00 Euros)

Financing line currency

Euro, USD

Period of financing and grace period

Individually for each project

Interest rate

For credit in Euro:

6-month Euribor + Commerzbank AG margin + Asia Alliance Bank margin

For credit in USD:

6-month Libor + Commerzbank AG margin + Asia Alliance Bank margin

*Commerzbank AG margin and Asia Alliance Bank margin are defined individually for each project


Credit line of Landesbank Baden-Württemberg (LBBW)

Credit line of the LBBW is directed to the financing of investment projects of small business and private entrepreneurship entities for the acquisition of equipment and technologies from Germany and other OECD countries (by prior agreement with LBBW).

The minimum and maximum amount of financing

up to 85% of the cost of the import contract + up to 100% of insurance bonus from the Credit Agency (from 1.000.000,00 Euros)

Financing line currency

Euro, USD

Period of financing

Individually for each project

Interest rate

For credit in Euro:

6-month Euribor + LBBW margin + Asia Alliance Bank margin

For credit in USD:

6-month Libor + LBBW margin + Asia Alliance Bank margin

* LBBW margin and Asia Alliance Bank margin are defined individually for each project

INFORMATION SHEET

on the credit line from the International Development Association in the amount of 10 million US dollars attracted by the JSCB "ASIA ALLIANCE BANK" in the framework of the project "Development of the livestock sector in the Republic of Uzbekistan”

On 19.02.2018 the Agreement on the refinancing in the amount of 10 million US dollars was signed by the OJSCB "ASIA ALLIANCE BANK", ARAP and IDA. The basis for the signing was the decree of the President of the Republic of Uzbekistan dated 16.09.2017 No.PP-3283 "On measures for the implementation of the project "Development of the livestock sector in the Republic of Uzbekistan" with the participation of the International Bank for reconstruction and development and the International Development Association".

The period of availability of the credit line is 2018-2022. A wide range of investments in activities related to animal husbandry will be eligible for financing from the credit line aimed at improving the productivity of livestock and increasing the competitiveness of agribusiness, access to new technologies.

Under the credit line, it is possible to provide both short-term (up to 18 months, including up to 9 months of the grace period) and long-term (up to 10 years, including up to 3 years of the grace period) loans at the interest rate of 4.3% per annum + margin of the JSCB “ASIA ALLIANCE BANK, established individually for each project. There is a fee for the reservation at the rate of 0.5% per annum on the undrawn amount of the loan.

This credit line is a revolver under the guarantee of the Government of the Republic of Uzbekistan.

The full cycle of the project review includes:

- consideration in the branch of the Bank (3-5 days);

- consideration at the head office of the Bank (3-10 days);

- consideration in the ARAP and IDA (up to 30 days).

INFORMATION SHEET

on the credit line from the International Bank for Reconstruction and Development in the amount of 10 million US dollars attracted by the JSCB "ASIA ALLIANCE BANK" in the framework of the project "Development of the gardening sector in the Republic of Uzbekistan”

On 30.06.2018 the Agreement on the refinancing in the amount of 10 million US dollars was signed by the OJSCB "ASIA ALLIANCE BANK", ARAP and IBRD.

The period of availability of the credit line is 2018-2023. The credit line will support the expansion of access to financial services for farmers and agribusiness engaged in the fruit and vegetable sector of Uzbekistan.

Under the credit line, it is possible to provide both short-term (up to 18 months, including up to 9 months of the grace period) and long-term (up to 10 years, including up to 3 years of the grace period) loans at the interest rate calculated as 6 months. LIBOR + variable spread IBRD + 0.2% per annum (the margin of the Republic of Uzbekistan) + margin of JSCB "ASIA ALLIANCE BANK" established individually for each project. There is a commitment fee of 0.25% per annum on the unselected loan amount and a one-time fee of 0.25% of the loan amount.

This credit line is a revolver under the guarantee of the Government of the Republic of Uzbekistan.

The full cycle of the project review includes:

- consideration in the branch of the Bank (3-5 days);

- consideration at the head office of the Bank (3-10 days);

- consideration in the ARAP and IBRD (up to 30 days).

INFORMATION SHEET

on the credit line from the International Bank for Reconstruction and Development in the amount of 12 million US dollars attracted by the JSCB "ASIA ALLIANCE BANK" in the framework of the project "Improvements of the energy efficiency of industrial enterprises in the Republic of Uzbekistan”

On 30.06.2018 the Agreement on the refinancing in the amount of 12 million US dollars was signed by the OJSCB "ASIA ALLIANCE BANK", Republic of Uzbekistan and the Ministry of Economy.

The period of availability of the credit line is 2018-2023. The credit line will support projects related to the renewal of production capacities of enterprises and the introduction of energy-saving technologies.

The maximum term of financing under the credit line is 10 years, including up to 3 years of grace period. The interest rate is calculated as 6 months. LIBOR + variable spread IBRD + 0.2% per annum (the margin of the Republic of Uzbekistan) + margin of JSCB "ASIA ALLIANCE BANK" established individually for each project. There is a commitment fee of 0.25% per annum on the unselected loan amount and a one-time fee of 0.25% of the loan amount.

This credit line is a revolver under the guarantee of the Government of the Republic of Uzbekistan.

The full cycle of the project review includes:

- consideration in the branch of the Bank (3-5 days);

- consideration at the head office of the Bank (3-10 days);

- consideration in the ARAP and IBRD (up to 30 days).

INFORMATION SHEET

on the credit line from the International Islamic Trade Finance Corporation in the amount of 9 million US dollars attracted by the JSCB "ASIA ALLIANCE BANK"

On 07.06.2018, JSCB “ASIA ALLIANCE BANK” and the International Islamic Trade Finance Corporation (ITFC) signed the Agreement on a trade finance line in the amount of 9 million US dollars.

The period of availability of the credit line is 2018-2020. Under this financing line, it is possible to finance any import contracts for the supply of equipment and/or raw materials within the framework of projects of enterprises whose main business does not contradict the principles of the Islamic Sharia.

The maximum term of financing under the credit line is 1 year from the date of the first drawdown under Murabaha contracts concluded individually for each project.

Finance charges, including ITFC premium and the commission of the JSCB "ASIA ALLIANCE BANK" for issuing and servicing guarantees, amount to 9% per annum.

This credit line is a revolver without the guarantee of the Government of the Republic of Uzbekistan.

The full cycle of the project review includes:

- consideration in the branch of the Bank (3-5 days);

- consideration at the head office of the Bank (3-10 days);

- consideration in the ITFC (up to 30 days).



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Exchange Rates

As of 23.04.2019 (cbu.uz)
1 USD = 8441.36
1 EUR = 9493.15
1 RUB = 131.78
1 GBP = 10963.64
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