Private entrepreneurs

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

1. Loan application;
2. Copies of founding documents — state registration certificate, tax code;
3. Copies of the passport and social security card;
4. Financial statements for the previous reporting period, VAT, social payments, income tax, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
5. Statement issued by tax authority on outstanding liabilities towards budget, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
6. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia.

IN CASE LOAN IS SECURED BY GUARANTEE

1. Copies of the passports and social security cards of the guarantors;
2. Employment reference, provided that a guarantor’s income is not generated from entrepreneurial activity and/or the guarantor is not a family

 IN CASE REAL PROPERTY IS PLEDGED

1. Ownership certificate (original);
2. Grounding document on the right of ownership (upon request);
3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
3. In case of guarantee, guarantors’ passports and social security cards;
4. Appraisal report made by a person holding a respective license (upon request).

LIST OF REQUIRED DOCUMENTS FROM REPEATED MICRO LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

1. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
2. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Legal entities

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

1. Loan application;
2. Decision of the authorised body on loan disbursement and pledge of property;
3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
4. Statement issued by State registry on the amendments to the Charter, Director and shareholders, including a statement issued by Central Depository (registry keeper) for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
6. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
7. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
8. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia

IN CASE REAL PROPERTY IS PLEDGED

1. Ownership certificate (original);
2. Grounding document on the right of ownership (upon request);
3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
5. Appraisal report made by a person holding a respective

 IN CASE OTHER COLLATERAL IS PLEDGED

1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
3. In case of guarantee, guarantors’ passports and social security cards;
4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED MICRO LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

1. Loan application;
2. Decision of the authorised body on loan disbursement and pledge of property;
3. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
4. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

1. Loan application;
2. Decision of the authorised body on loan disbursement and pledge of property;
3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
4. Statement issued by State registry on the amendments to the Charter, director and shareholders, including a statement issued by Central Depository (registry keeper) for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
6. Written declaration on owners, shareholders and affiliated persons — first and last names (title), business and legal addresses, all types of entrepreneurial activity. In the sense of the present procedure, persons stipulated by Article 8 of the Law of the Republic of Armenia "On Banks and Banking" shall be considered related persons.
7. Copies of the required documents enabling to carry out activity in the given field, such as licenses, certificates ,
8. Statement issued by territorial tax inspectorate on outstanding liabilities towards budget (upon request);
9. Statement on accounts receivable and accounts payable (detailed breakdown thereof upon request);
10. List of fixed assets with balance value, balance of inventory, such as raw material, other materials and finished products (upon request);
11. Financial statements for the previous reporting period, VAT, social payments, income tax;
12. Statements on the turnover of bank account within the past 12 months upon availability of accounts in other banks;
13. Effective contracts and agreements on sale, supply, lease etc., as well as invoices for import and export

14. The most recent inspection act by territorial tax inspectorate or auditor opinion (upon request).

IN CASE REAL PROPERTY IS PLEDGED

1. Ownership certificate (original);
2. Grounding document on the right of ownership (upon request);
3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

1. List of property, by specifying the unit of measure, quantity, balance sheet value and acquisition documents;
2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

1. Loan application;
2. Decision of the authorised body on loan disbursement and pledge of property;
3. Statement by the borrower on amendments to the Charter, Director and shareholders;
4. Statement on accounts receivable and accounts payable (upon request);
5. Financial statements for the previous reporting period, VAT, social payments, income tax

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Please follow the Armenian version

Your property (house, vehicle, or other) may be confiscated in the manner provided for by law where you fail to repay your interests and principal in time.

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future. 

You have the right to communicate with a financial institution of your choice by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.

The bank may request additional documents or other information based on the "Know your customer" principle, as well as ask additional questions during oral communication, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing". 

In accordance with the agreement signed with the USA based on the Compliance Act (FATCA), the financial organization may collect additional information to determine whether you are a US taxpayer.

Please follow the Armenian version