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Business Loans

We offer commercial loans to finance different business sectors. Loans can be obtained through our Head Office and all branches (except Erebuni branch).




AMD or foreign currency*

*Repayment of loans denominated in foreign currency may be affected by FX fluctuations, and it is the borrower who bears the foreign currency risk.

Eligible borrowers

RA resident and non-resident legal entities and sole proprietors

Loan amounts per business sectors



- Manufacturing industry

- Construction

- Transport and communication

- Trade  

- Lodging business and public catering organization

Up to AMD 1,000,000,000  or its foreign currency equivalent

- Agriculture

Up to AMD 350,000,000 or its foreign currency equivalent

- Other sectors

Up to AMD 500,000,000 or its foreign currency equivalent

Loan disbursement method


Loan term


Up to 11 years (except for agriculture loans maturing within 7 years)

Interest rate (per annum)

• for loans denominated in AMD - 15-18%,

• for loans denominated in USD - 10-12%,

 for loans denominated in euros - 8-10%,

• Legal entities (including sole proprietors) having been our customers for over one year period can obtain short-term commercial loans to pay salaries, honor their liabilities to the state budget, perform customs clearance of imported goods, pay for goods in transit and other similar services – starting from 8%, maturity – up to 180 days.

Note: Interest rate (according to the range of interest rate for loans in mentioned currencies) depends on loan term and  purpose, as well as the collateral.


• Real and movable property,
• Funds in deposit and current accounts,
• Working assets, finished goods,
• Standard gold bars or gold scrap, precious metals,

• State treasury bills or other securities.

Commission fees

• The fee for a loan application review is AMD 20,000. The fee once paid is not refundable regardless of the decision on the loan application.

In case of cash loans, a cash withdrawal fee shall be charged according to Bank's tariff rates.

State duties and other charges

• You will be required to pay state duties to relevant Armenian government bodies for collateral contract authentication and registration.

• Service fee for appraisal of pledgeable real/movable property according to tariff rates of independent appraisal entity.


  • General Information
    • Mutual relations between the bank and the borrower will be regulated under the loan agreement, in line with RA legislative acts.
    • Loan term and interest rates, maximum and minimum amounts, conditions and principles of advancing loans are set in the bank's Lending  Policy  and other internal guidelines regulating lending procedure.
    • In the event of involvement in  the lending process under a specific lending program, we will extend loan funds according to the terms and conditions of that specific Program: interest rates, loan amounts, repayment term, loan-to-value ratio, etc. (lending terms and conditions under a Program are not subject to regulation by the bank's Lending Policy).
  • Acceptable Ratio of Loan-to-Value per Type of Collateral
    • Real property and other fixed assets – up to 70% of the appraised market value,
    • Treasury bills – up to 95% of the nominal value,
    • Other securities – up to 70% of appraised value,
    • Standard gold bars and scrap of precious metals – up to 95% of appraised value,
    • Precious and semi-precious stones – up to 50% of appraised value,
    • Cash (in deposit and current accounts) – up to 90%,
    • Working assets – up to 50% of appraised value,
    • Loans backed by cash flows will be advanced to those who have been our customers for a period of over one year and executed up to 30% of annual cash flows through the current account (loans maturing within a 180-day period).
  • Timeline for Decision-Making and Extending a Loan
    • The decision will be made within 10 (Ten) banking days upon submission of necessary documents.
    • We will notify you on the decision within 1 (One) banking day orally or, at your request, also in writing.
    • Loan will be advanced to you within 5 (Five) banking days upon completion of pledging process (when the entire package of documents is ready).


  • Criteria for Taking Decisions on Loan Application

    Criteria for Positive Decision-Making:

    • Your adequate creditworthiness according to assessment criteria set in bank's internal guidelines,
    • Trustworthy data and documents submitted to the bank,
    • Positive rating of your commitment and due diligence according to the outcomes of the credit history review and analysis,
    • Liquid collateral according to the criteria set by bank's internal guidelines as well as acceptable ratio of Loan-to-Value,
    • Well-validated purpose of the loan and business-plans.

    Criteria for Declining a Loan Application:

    • Your inadequate creditworthiness according to assessment criteria set in bank's internal guidelines for assessment of borrowers' creditworthiness,
    • Unreliable data and documents submitted to the bank,
    • Negative rating of your commitment and due diligence according to the outcomes of the credit history review and analysis,
    • Badly justified purposes of the loan and unsupported incomes projected in business plans,
    • Other valid reasons which can affect the ability of the borrower to repay the loan.


  • Procedures of the loan repayment, interest accrual and payment
    • The loan will be repaid according to the schedule under one of the following schemes, whichever you prefer:
      • “Annuity” plan (equal monthly payments), including variable portions of the principal amount and accrued interest,
      • “Springy” plan (variable monthly payments), including the payment of fixed  principal amounts and variable interest.
    • Interest will be accrued on the actual loan balance covering the period of loan disbursement till the day before the due date (no interest will be accrued for the due date).
    • Interest calculation is based on a 365-day year. If the due date is not a business day, this date will be extended to the next business day.
    • Payment can be made in our Head office and all branches (except Erebuni branch).



  • Extending Lines of Credit

    Lines of credit are intended for RA resident and non-resident legal entities and sole proprietors at business loan interest rates, loans will be disbursed in Armenian drams or foreign currency. The following lines of credit are available to relevant borrowers:

    • Revolving line of credit, under which you can periodically repay the debt within the limits and term of validity of the approved line of credit and borrow funds within the set limits. It is noteworthy that an annual interest rate at 0-4% will be accrued on the unused portion of the line of credit.
    • Non-revolving line of credit, funds will be extended to a borrower in several portions, upon the debt repayment the line of credit limit will not be renewed; besides, no interest will be accrued on the unused portion of the line of credit.
  • Early Repayment Terms

    In case of repayment of more than 50% of the principal amount prior to expiration of the first half of the loan term, the borrower shall pay а penalty at 5% of the prematurely paid sum exceeding the 50% of the principal amount.




  • In case of delinquent liabilities with regard to the loan principal and interests of the pledged property can be CONFISCATED according to the law, and the information about the borrower will be recorded in the Credit register
  • In case of redeeming the  obligations as a result of delinquent liabilities on account of the collateral, if the value of the collateral is not enough for covering the borrower's loan obligations, then the Bank (according to the existing legislation) has an opportunity  to redeem the loan obligations on account of the borrower's other properties ( if available).
  • In case of the delays of payment obligations under the loan agreement (loan principal amount, interest amount) the borrower pays FINES according to the agreement: for overdue principal amount - 0,015%  daily and for overdue interest - 0,1%  daily.


Updated 05.11.2019 | 11:20:39