Mid and long-term import financing

Joint Stock Commercial Bank AK BARS  arranges mid- and long-term financing of its clients’ investment projects with attraction of foreign financing in purposes of:

• on creation of new production;
• reconstruction, modernization and extension of the existing production.

The subject of financing is an import contract for the delivery of the equipment, machines, devices, transport, technological lines, mini-plants; as well as for accomplishing of construction works and delivery of services on assembling, finishing, setting up of the equipment, etc.

Due to the fruitful co-operation with foreign credit institutions Joint Stock Commercial Bank AK BARS issues loans to enterprises and companies using foreign investments.

The Bank has already been approved for financing of the projects by a number of European export credit agencies and has been co-operating with the following banks:

Basing on the clients’ demands, the Bank is ready to arrange export financing from any country - a member of OECD (Organization for Economic Cooperation and Development).

The Bank offers opportunity to finance projects with non-standard parameters.  Financing terms are agreed on a case-by-case basis.

Mid- and long-term import financing from Joint Stock Commercial Bank AK BARS includes:

• Established long-term relations of AK BARS Bank with the leading banks of the world
• Experience on realization of clients’ projects with state export credit agencies of leading countries of the world
• Attractive financing terms
• Long terms of lending

Favorable terms and conditions of the repayment (by equal semi-annual installments).

Requirements

• The period of real working of the company or a business group (several companies under one owner) in its field of business should be not less than 3 years.

2. Break-even business for the last 4 quarters.
3. Absence of overdue commitments to budgetary and off-budgetary funds
4. Financing at the expense of proprietary resources of not less than 15% of the contract value and not less than 15% of ECA insurance fee
5. The borrower possesses business-plan of the project, completed construction and licensing documents, as well as specification of the required equipment at the stage of document feed.
6. Other requirements

Handling procedures

1. Importer addresses the Bank with an application for financing of foreign trade contract for export of goods/services out of Russian Federation.
2. Importer delivers package of documents in the Bank.
3. Credit Committee of the Bank makes a decision concerning financing of the project.
4. In case if Credit Committee of AK BARS Bank, Credit Committee of a foreign bank and state export credit agency approve financing of the project, all the  required documents are signed including agreement between AK BARS Bank and Russian importer, interbank loan agreement between AK BARS Bank and foreign financing bank.

Required documents

1. Project of a prospective foreign trade contract;
2. Description of the planned investment project with indication of volumes and terms of production, the required amount of the attracted facilities and planned payback period
3. Business plan of the project with technical and economic assessment of the planned money turnover inclusive of service of foreign currency loans attracted
4. Financial statements of the enterprise for the last 3 years under review (audited statements if any);
5. Information about the supplier of the equipment and non-resident banks, servicing the supplier under the foreign trade contracts;
6. Information about the types of security guaranteeing refund of loan facilities;
7. Other documents on the Bank’s request.

Contacts

Integrated inquiry office of Joint Stock Commercial Bank AK BARS

• (843) 2-303-303 (Kazan);
• 8-800-2005-303 (free call throughout Russia)

International structured finance department

• Telephone number: (843) 519-38-82;
• fax: (843) 519-39-92.

Documentary business department

• Telephone number: (843) 519-38-82;
• fax: (843) 519-39-95.

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