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Credit line of INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT under the Horticulture Development in the Republic of Uzbekistan Project:


GENERAL INFORMATION ABOUT CREDIT LINE

Loan amount

For investment projects: no more than 2,000,000.00 USD or 4,000,000 USD in case of financing the entire value chain (production, processing, trade/export).

For working capital: no more than 200,000.00 USD.

Loan tenor

For investment projects: up to 120 months, including grace period no more than 36 months.

For working capital: up to 18 months, including grace period no more than 9 months.

Requirement to co-financing by borrowers

minimum 20% of total project value.

Environmental Impact Assessment Procedure

Each proposal for financing the project out of funds of the Credit Line will have to pass an environmental impact assessment.

Loan purpose

- creation and expansion of the production of fruits and vegetables;

- creation and expansion of greenhouse facilities;

- acquisition of agricultural machinery, processing equipment, refrigeration equipment, equipment for freezing and packaging, and more.

Non-financeable

Financing the activities related to child labor and forced labor, land acquisition or resettlement, loss of property or income, acquisition or lease of land and buildings, construction or modernization of residential premises, refinancing of any existing debts, projects related to production of cotton and wheat, as well as investments in accordance with the negative list of investments sensitive to the environment (category A projects).

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

The full project review cycle includes:

- The process of reviewing a project in a bank branch starts after provision of the required documents as per Master Document List. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing a project at the Head Office in order to study and coordinate the project with the agency before official submission also takes 3 to 10 days;

- After a project is submitted to the Agency for Agro-industrial and Implementation of Food Projects and the IBRD, the review and approval process takes up to 30 days.

ADDITIONAL INFORMATION ABOUT CREDIT LINE

Interest rate

The interest rate consists of:

- 6-months LIBOR fixed by the IBRD + IBRD variable spread;

- margins of the Republic of Uzbekistan of 0.2% per annum;

- Bank margins (paid in the loan currency).

Penalty for late payment of interest and fees

0.033% of the amount of late payment per each day of delay (in the national currency of the Republic of Uzbekistan)

Front-end fee

0.25% of the loan amount (in the national currency of the Republic of Uzbekistan)

Fee for undisbursed portion of a loan

The commission is calculated as 6-months LIBOR fixed by the IBRD + variable spread of the IBRD + margin of the Republic of Uzbekistan at 0.2% per annum (paid in national currency). The fee is charged on the undisbursed portion of the loan from the date funds are withdrawn from the IBRD loan account specified in the relevant notice of the Agency and till the date of full disbursement of funds of loan. To be paid by the Borrower to the Bank every six months on the interest payment date.

Repayment of principal

Every six months, in equal installments, at the end of the grace period

Payment of interest

Every six months according to the loan repayment schedule

Credit line of INTERNATIONAL DEVELOPMENT ASSOCIATION under the Livestock Sector Development in the Republic of Uzbekistan Project:


GENERAL INFORMATION ABOUT CREDIT LINE

Loan amount

For investment projects: no more than 2,000,000.00 USD.

For working capital: no more than 150,000.00 USD, projects for financing the value chain – up to 2,000,000.00 USD.

Loan tenor

For investment projects: up to 120 months, including grace period no more than 36 months.

For working capital: up to 18 months, including grace period no more than 9 months.

Requirement to co-financing by borrowers

minimum 20% of total project value.

Environmental Impact Assessment Procedure

Each proposal for financing the project out of funds of the Credit Line will have to pass an environmental impact assessment.

Loan purpose

Financing of the livestock sector of the Republic of Uzbekistan, including:

- development of large cattle and small cattle, horse breeding, camel breeding, goat breeding, pig breeding and rabbit breeding; poultry farming (eggs and broilers); fish farming; beekeeping; sericulture;

- processing, packaging, cooling and storage of livestock products;

 - feed production (through processing of agricultural products), as well as the purchase of finished feed;

- veterinary and other services, including artificial insemination, specialized equipment for breeding animals, vaccinations, animal identification;

- investments in renewable energy and energy efficiency related to the livestock sector;

- other activities related to the development of the value chain in the livestock sector.

Agricultural resources, such as seeds and fertilizers, as well as processing raw materials, the provision of agricultural services, supplies and other items necessary for the production and processing of livestock products, will be eligible for working capital financing.

Non-financeable

Financing activities related to child labor and forced labor, land acquisition or resettlement, loss of assets or income, acquisition or lease of land and buildings, housing construction or improvement, refinancing of any existing debts, for investment in a negative list of environmentally sensitive investments.

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required documents as per Master Document List. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing a project at the Head Office in order to study and coordinate the project with the agency before official submission also takes 3 to 10 days;

- After a project is submitted to the Agency for Agro-industrial and Implementation of Food Projects and IDA, the review and approval process takes up to 30 days.

ADDITIONAL INFORMATION ABOUT CREDIT LINE

Interest rate

Interest rate consists of:

- 4.3% per annum, IDA margin;

- Bank’s margin (to be paid in the loan currency).

Penalty for late payment of interest and fees

0.1% of the amount of overdue payment per each day of delay (in the national currency of Uzbekistan)

Fee for undisbursed portion of loan

4.3% per annum (paid in national currency). The commission is charged on the undisbursed part of the loan from the date of withdrawal of funds from the IBRD loan account specified in the relevant notice of the Agency until the date of full withdrawal of funds from the loan. Paid by the Borrower to the Bank every six months on the interest payment date.

Repayment of principal

Every six months, in equal installments, at the end of the grace period

Payment of interest

Every six months according to the Loan Repayment Schedule

Credit line of INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT under the Energy Efficiency Facility for Industrial Enterprises Project:

GENERAL INFORMATION ABOUT CREDIT LINE

Loan amount

Up to 10.0 million USD.

Loan tenor

Up to 120 months, including grace period no more than 36 months.

Requirement to co-financing by borrowers

minimum 20% of total project value.

Bank’s participation

The Bank provides counterpart funds for projects in the amount of at least 25% of the amount of sub-loans

Environmental impact assessment procedure

Each proposal for project funding out of funds of the Credit Line should pass environmental impact assessment

Loan purpose

For financing:

- energy systems (for example, the modernization of boilers and the transition to the use of other fuels, the integrated generation of electric and thermal energy);

- production technologies (for example, the modernization and replacement of machinery, machinery and the expansion of production facilities);

- systems for the generation and use of waste heat (for example, waste heat utilization and the burning of combustible waste).

Projects selection and evaluation criteria

·    The company must be created and must act in accordance with the applicable laws and regulations of the Republic of Uzbekistan;

·    Borrowers must not own more than 10% of the Bank;

·    The bank should not own more than 10% of the borrower's shares;

·    Activities for the last two financial years should be profitable;

·    A satisfactory financial structure and organization, management, personnel, financial and other structures necessary for the effective implementation of activities should be available;

·    Maximum 75% of borrowed funds to 25% of own funds * (immediately, after and within three years after receiving each subloan)

·    Sub-borrowers will have to demonstrate energy savings of 20% of annual consumption, unless otherwise agreed with the World Bank.   

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required documents as per Master Document List. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- approval of the project with the World Bank and obtaining the necessary funds for financing takes on average up to 10 days.

ADDITIONAL INFORMATION ABOUT CREDIT LINE

Interest rate

The interest rate consists of:

- IBRD interest rate calculated as

6 months LIBOR fixed by the IBRD + IBRD variable spread;

- margins of the Republic of Uzbekistan in the amount of 0.2% per annum;

- Bank margins (paid in loan currency).

Penalty for late payment of interest and fees

0,033% of the amount of overdue payment per each day of delay (in the national currency of Uzbekistan)

Front-end fee

0.25 % of loan amount (in the Uzbekistan national currency)

Fee for undisbursed portion of loan

The commission is calculated as 6 months. LIBOR, fixed by the IBRD + variable spread of the IBRD + margin of the Republic of Uzbekistan in the amount of 0.2% per annum (paid in national currency). The commission is charged on the undisbursed part of the loan from the date of conclusion of the loan agreement until the date of the full withdrawal of funds for the loan. Paid by the Borrower to the Bank every six months on the interest payment date.

Repayment of principal

Every six months, in equal installments, at the end of the grace period

Payment of interest

Every six months according to the Loan Repayment Schedule


Credit line of LANDESBANK BADEN-WÜRTTEMBERG (LBBW)


GENERAL INFORMATION ABOUT CREDIT LINE

Loan purpose

Financing investment projects of small businesses and private entrepreneurship for the acquisition of equipment and technologies from Germany and other countries of the Organization for Economic Cooperation and Development in coordination with LBBW

Minimum and maximum amount

up to 85% of the value of the import contract + up to 100% of the insurance premium of the export credit agency (from 1.000.000.00 Euro or 1.000.000.00 USD)

Loan tenor

Up to 10 years

Loan currency

Euro or US Dollar

Interest rate

For loan in Euro:

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

For loan in USD:

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

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

Other financial expenses:


Management fee (front-end fee)

Individually for each project (approximately 0.5%)

Commitment fee (annual)

Individually for each project (approximately 0.5%)

Insurance premium of export credit agency

Individually for each project (approximately 10% of loan amount)

Country of manufacturer/supplier

Germany and other countries of the Organization for Economic Cooperation and Development in coordination with LBBW

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch begins after the necessary list is provided with a document. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- approval of the project by a foreign bank and export credit agencies, obtaining the necessary funds - individually.

Credit line of COMMERZBANK AG

GENERAL INFORMATION ABOUT CREDIT LINE

Loan purpose

Financing of investment projects of small businesses and private entrepreneurship for the acquisition of equipment and technologies from Germany and other countries of the Organization for Economic Cooperation and Development in coordination with COMMERZBANK AG

Minimum and maximum amount

up to 85% of the value of the import contract + up to 100% of the insurance premium of the export credit agency (from 500,000.00 Euro or 500,000.00 USD)

Loan Tenor

Up to 10 years

Loan currency

Euro or USD

Interest rate

For loan in Euro:

6-month Euribor + margin of COMMERZBANK AG + margin of Asia Alliance Bank

For loan in USD:

6-month Libor + margin of COMMERZBANK AG + margin of Asia Alliance Bank

*margin of COMMERZBANK AG and margin of Asia Alliance Bank are determined individually for each project

Other financial expenses:


Management fee (front-end fee)

Individually for each project (approximately 1%)

Commitment fee (annual)

Individually for each project (approximately 0.75%)

Insurance premium of export credit agency

Individually for each project (approximately 10% of loan amount)

Country of manufacturer/supplier

Germany and other countries of the Organization for Economic Cooperation and Development in coordination with COMMERZBANK AG

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

The full project review cycle includes:

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- approval of the project by a foreign bank and export credit agencies, obtaining the necessary funds - individually.

Credit line of AKA BANK

GENERAL INFORMATION ABOUT CREDIT LINE

Loan purpose

Financing of investment projects of small businesses and private entrepreneurship for the acquisition of equipment and technologies from Germany and other countries of the European Union and the European Free Trade Association in coordination with AKA BANK

Minimum and maximum amount

up to 85% of the value of the import contract + up to 100% of the insurance premium of the export credit agency (from 500,000.00 Euro or 1,000,000.00 USD)

Loan tenor

Up to 10 years

Loan currency

Euro or USD

Interest rate

For loan in Euro:

6-month Euribor + margin of AKA BANK + margin of Asia Alliance Bank

For loan in USD:

6-month Libor + margin of AKA BANK + margin of Asia Alliance Bank

*margin of AKA BANK and margin of Asia Alliance Bank are determined individually for each project

Other financial expenses:


Management fee (front-end fee)

Individually for each project (approximately 0.4%, but minimum 20.000,00 euro)

Commitment fee (annual)

Individually for each project (approximately 0.375%)

Insurance premium of export credit agency

Individually for each project (approximately 10% of loan amount)

Country of manufacturer/supplier

Germany and other countries of the European Union and the European Free Trade Association in agreement with AKA BANK

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- approval of the project by a foreign bank and export credit agencies, obtaining the necessary funds - individually.


Credit line of PROMSVYAZBANK (Russia)


GENERAL INFORMATION ABOUT CREDIT LINE


Loan currency

Euro or Russian Ruble

Purpose of the credit line

Financing of import to the Republic of Uzbekistan


Period of financing

No more than 365 days from the date of each disbursement, but no less than 90 days


Interest rate

Approximately 10% per annum in EURO and 16% per annum in Russian Roubles.

Repayment of principal

At the end of the loan repayment period

Frequency of interest payments

Quarterly or at the end of the principal debt repayment period.

Prepayment

By agreement with Promsvyazbank PJSC, but subject to reimbursement of all expenses incurred by the Bank

Method of payment under the contract

Without limitations.

With a letter of credit, if the executing and confirming bank is Promsvyazbank PJSC, the financing rate will be lower by an average of 0.2 - 0.3% per annum.

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

Post-financing by GAZPROMBANK (Russia)

GENERAL INFORMATION ABOUT CREDIT LINE

Currency of financing

Euro, USD or Russian Rouble


Purpose of the credit line

Financing of import to the Republic of Uzbekistan

Period of financing

No more than 1 year from the date of L/C opening

Interest rate

Approximately 10% per annum in EURO and USD and 16% per annum in Russian Roubles.

Repayment of principal

Upon the end of post-financing period

Frequency of interest payments

Monthly

Interest charging

From the date of post-financing opening

Prepayment

As agreed with Gazprombank, but subject to reimbursement of all expenses incurred by the Bank

Method of payment under the contract

Letter of credit

L/C opening fee

1.00 % of the amount of opened L/C

L/C service fee

1.00% per quarter (full or incomplete) of the amount of the opened letter of credit (calculated on the term of the letter of credit)

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;


Credit line of EUROPEAN INVESTMENT BANK under the Energy Efficiency Facility for Industrial Enterprises Project


GENERAL INFORMATION ABOUT CREDIT LINE

Loan currency

Euro or USD

Loan amount

Up to 10.0 million USD equivalent

Loan tenor

Up to 120 months, grace period no more than 36 months

Requirement to co-financing by borrowers

minimum 20% of the total project value.

Environmental impact assessment procedure

Each proposal for project funding out of funds of the Credit Line should pass environmental impact assessment

Loan purpose

For financing of:

- energy systems (for example, the modernization of boilers and the transition to the use of other fuels, the integrated generation of electric and thermal energy);

- production technologies (for example, the modernization and replacement of machinery, machinery and the expansion of production facilities);

- systems for the generation and use of heat waste (for example, the disposal of heat waste and the burning of combustible waste).

Projects selection and evaluation criteria

·    The company must be created and must act in accordance with the applicable laws and regulations of the Republic of Uzbekistan;

·    Activities for the last two financial years should be profitable;

·    A satisfactory financial structure and organization, management, personnel, financial and other structures necessary for the effective implementation of activities should be available;

·    Maximum 75% of borrowed funds to 25% of own funds * (immediately, after and within three years after receiving each subloan)

·    Sub-borrowers will need to demonstrate energy savings and reduced CO2 emissions to the extent agreed upon with the European Investment Bank.   

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- coordination with the EIB of the project and obtaining the necessary funds for financing takes an average of up to 10 days.

ADDITIONAL INFORMATION ABOUT CREDIT LINE

Interest rate

Interest rate consists of:

- EIB interest rate (approximately 1,5% per annum for loans in Euro and approximately 4% for loans in USD)

- Uzbekistan margin

- Bank’s margin (individually or each project)

Penalty for late repayment of principal, interest and fees

Interest is accrued on any overdue amount payable at the applicable interest rate + 2% per annum

Fee for undisbursed portion of loan

The commission is calculated based on the interest rate of the EIB + margin of the Republic of Uzbekistan. The commission is charged on the undisbursed part of the loan from the date of conclusion of the loan agreement until the date of the full withdrawal of funds for the loan. Paid by the Borrower to the Bank every six months on the interest payment date.

Repayment of principal

Every six months, in equal installments, at the end of the grace period

Payment of interest

Every six month from the date of first disbursement

Country of manufacturer/supplier

As agreed with the EIB

Approximate time of availability of the proceeds of the line

IV quarter of 2019


Line of Financing of ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR (ICD)

GENERAL INFORMATION OF CREDIT LINE

Currency of financing

Euro or USD

Amount of financing per one borrower

Up to 100% of the value of import contract within the limits from 500,000.00 to 4,000,000.00 USD

Purpose of the line

Financing projects of small businesses and private entrepreneurship in accordance with the principles of “Murabaha” for the acquisition of equipment and technologies for enterprises whose main activity does not contradict the requirements of the ICD

Period of financing

Up to 5 years

Mark-up

As agreed with the ICD

Guarantee service fee

Approximately 2% per annum

Key requirements to project initiators

- the company employs at least 10 employees;

- the main business does not contradict the principles of the Islamic Sharia (as defined in accordance with the guidance provided by the ICR Committee for Sharia Issues)

- unacceptable types of entrepreneurial activities for financing include, but are not limited to, the production of alcohol and tobacco products, weapons and pork

Frequency of payment of liabilities

Quarterly

Country of manufacturer/supplier

As agreed with the ICD

Approximate time of availability of the proceeds of the line

I quarter 2020

TIME FRAME FOR THE EXAMINATION OF LOAN APPLICATIONS

Time frame for the examination of loan applications

Full cycle of project review includes

- The process of reviewing a project in a bank branch starts after submission of the required list of documents. In the process of review by the bank, the feasibility study of the project is examined, an economic analysis of the enterprise and key project indicators is carried out, a set of factors affecting the success and relevance of the project is studied, the risks of project implementation are studied, after which the project is submitted for consideration to the Credit Committee of the Bank's branch. The time for review is 3 to 10 days;

- The process of reviewing the project at the Head Office in order to study the initial technical and economic indicators of the project provided by the branches takes from 3 to 10 days;

- as agreed with the ICD – up to 10 days.

MASTER DOCUMENT LIST

FOR OBTAINING A LOAN OUT OF FOREIGN CREDIT LINES FUNDS

This list is not exhaustive; if necessary, the Bank reserves the right to request additional documents:

1. Application for a loan indicating: loan amount, term of use, purpose of loan, its security.

2. Minutes of meeting (resolution, if founder is in a single person) on the consent of founders to a loan. (Full names must be fully written by hand of signatory).        

3. Copies of Articles (Charter) and the Memorandum of Association with amendments and additions.         

4. Copy of Certificate of Registration (Guvohnoma).   

5. Copy of License .

6. Environmental review as per the Law of Environmental review of the Republic of Uzbekistan dated 25.05.2000 No. 73-II.               

7. Business plan with obligatory specification of:

• forecast of cash receipts to the account (cash flow) for the financing period;

• structure of backlog of orders;

• justification of the presence of a sales market for services provided, manufactured goods with using the bank financing;

• brief characteristics of the Director and the Chief Accountant (length of service, education);

• the enterprise belongs to small business or not;

• number of jobs available;

• how many new jobs are planned to be created with obtaining the loan.              

8. The balance sheet for the last reporting period, certified in the prescribed manner by the tax authorities, with attachment of:

• Statement of financial results;

• Other additional documents required by the Bank for calculating the loan payback and deciding on the feasibility of financing.               

9. Operating balance sheet as of the last reporting date, with attachment of:

• Statement of financial results;

• Other additional documents required by the Bank for calculating the loan payback and deciding on the feasibility of financing.               

10. Audit report for the last reporting period.     

11. Copies of contracts for procurement of raw materials.            

12. Draft contracts for acquisition of material assets (equipment, technologies) on account of the loan concluded by the Client with the Sellers.           

13. Copies of contracts for the sale of goods, provision of services, performance of works.

14. Expert opinion of an independent consulting company accredited by the Uzstandart agency, about the conformity of prices for purchased equipment in the draft contract to international pricing.      

15. Reference/certificate:

• About participation/non-participation by own capital in establishment of other entities;

• About presence of loans from other lenders;

• About the presence of off-balance sheet liabilities and free funds stored in other banks;

• About the number of employees in the enterprise and classifying the enterprise as small business entity;  

16. If having accounts in other banks, certificate from the other bank:

•  about absence or presence of Card File No. 2 (inclusion in the list of debtors/liabilities);

•  about absence or presence of obligations to another bank (amount of debt on loans and interest on it, on guarantees issued, and other debts);

• balances on all bank accounts;

• breakdown of debit and credit turnovers for the last year on accounts in national and foreign currencies.

17. With existing export contracts accounted for in other banks: A certificate from another bank on the execution of these contracts, the absence or presence of debt on them.    

18. Certificate from State Tax Office of absence of debt before the state budget.  

    

   In case of property pledge (except for securities):

•  Report of an independent appraiser on assessment of the market value of pledged property.      

•  Minutes of meeting (resolution, if founder is in a single person) on the consent of founders to place property to pledge.       

•  documents confirming the title/ownership:

-  to building (cadastre documents);

-  to motor vehicle (technical certificate);

-  to equipment (contract, customs declaration, import card or invoice).

•  Copies of Articles (Charter) and the Memorandum of Association with amendments and additions.         

•  Copy of certificate of registration.

•  balance sheet for the last reporting period, certified in the prescribed manner by the tax authorities, with attachment of:

-  Statement of financial results;

-  Breakdown of fixed assets.             

•  Documents confirming the authority of managers to the right to sign (a copy of sample signature cards from the bank).     

•  Certificate from the lender Bank:

-  about absence or presence of Card File No. 2 (inclusion in the list of debtors/liabilities),

-  absence or presence of obligations to another bank (the amount of debt on loans and interest on it, on guarantees issued, and other debts),

-  balance on all accounts in the bank.            

In case of guarantee/surety:    

•  balance sheet for the last reporting period, certified in the prescribed manner by the tax authorities, with attachment of:

-   statement of financial results;

-  other additional documents required by the Bank for calculating the loan payback and deciding on the feasibility of crediting.               

•  Operating balance sheet as of the last reporting date, with attachment of:

-  statement of financial results;

-  other additional documents required by the Bank for calculating the loan payback and deciding on the feasibility of crediting.               

•  Information on the presence of loans from other lenders, off-balance sheet liabilities and available funds held in other banks

• Information on participation with the own capital in establishment of other entities       

• Information of changes in foundation documents   

• Copies of the Charter and the memorandum of association with amendments and additions, a copy of the registration certificate               

• Minutes of meeting (resolution if the founder is in a single person) on the consent of the founders on provision of a guarantee               

• Copy of the order of director appointment

• Copies of passports of Director and Chief Accountant            

• Documents confirming the authority of the directors of the Guarantor to sign a surety agreement (copy of a card of sample signatures from the bank)

• A certificate from guarantor bank about absence or presence of Card File No. 2, about absence or presence of obligations before the Guarantor Bank (the amount of debt on loans and interest thereon, issued guarantees, and other debts), balances on all accounts in the bank.

• Audit report of an independent auditor on the conformity of the Guarantor's statements drawn up for the last reporting period to the accounting standards.

Documents

Exchange Rates

As of 19.11.2019 (cbu.uz)
1 USD = 9500.96
1 EUR = 10498.56
1 RUB = 149.01
1 GBP = 12255.29
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