Required documents for credit facility

To apply for a standard credit facility, the following documentation should be presented.

  • Financial accounts (including notes) of the company for at least two previous years.
  • Cash Flow Projection/historical cash flow, budget, financial model.
  • Non-financial information including suppliers (contract terms, agreements), buyers, competitors, market share (information regarding industry), operating model, management and ownership structure.
  • Offered security related information.

After approval of the credit application, the Bank will ask the Customer to provide documents necessary for loan and security agreement preparation and signing, or to ensure that these documents and information are available for the Bank by paying respective applicable charges.

Below is the list of the main documents that the Customer may need to provide which is not exhaustive. The list may differ from case to case (depending whether the transaction is significant or not, security type, etc.), thus, during documentation review each Customer will be advised individually regarding required documents, presentation terms and timing.

Legal entity related documents Security related documents

1. LLC, Cooperative, Foundation*

  • True Copy of Company’s Charter, Founding document, Charter amendments (if any)
  • True Copy of Company’s State Registry Certificate with Director Enclosure (if registered before March 2017) and/or otherwise certified information on company registration and executive body
  • Passport/ID/Social Security card (SSC) copies of participants, trustees, founders, and/or director/executive body
  • Excerpt from State Register stating information regarding restrictions and/or encumbrances over company shares
  • Statement on company net assets
  • Tax certificate from respective authorities stating the pending taxes for the Borrower (if applicable)
  • Minutes of Meeting and/or Board Decision regarding confirmation and authorization of the transaction

1. Mortgage

  • Ownership certificate of the real estate1
  • Original certificate from State Cadaster regarding restrictions of the property to be mortgaged (miasnakan- valid for 15 working days)
  • Copy of documents certifying real estate acquisition sources
  • Passport copies/IDs, SSCs of all involved parties and marriage certificate/s of the spouses in case of co-ownership

2. OJSC/CJSC*

  • True Copy of Company’s Charter, Founding document, Charter amendments (if any)
  • True Copy of Company’s State Registry Certificate with Director Enclosure (if registered before March 2017) and/or otherwise certified information on company registration and executive body
  • Excerpt from State Depositary or from other licensed company maintaining the reestre of the company’s shareholders, on shareholders, shares and restrictions
  • Copy of recent Balance Sheet and/or Letter on company’s assets signed and sealed by company’s director and accountant
  • Passport/ID/SSC copies of shareholders and director
  • Tax certificate from respective authorities stating the pending taxes for the Borrower (if applicable)
  • Minutes of Meeting and/or Board Decision regarding confirmation and authorization of the transaction (if required drafted/prepared by Credit Services Team)

2. Vehicle pledge

  • Original ownership certificate of the vehicle
  • Certificate from Road Police regarding the vehicle status and the restrictions over the vehicle (valid for 5 working days)
  • Copy of the technical passport of the vehicle
  • Copy of documents certifying legal title source of the vehicle (bases if any)
  • Passport copies/IDs, SSCs of all involved parties and marriage certificate/s of the spouses in case of co-ownership

3. Financial Institutions**

  • True Copy of Company’s Charter, Founding documents, Charter Amendments (if any)
  • True Copy of Company’s License
  • Company Director appointment decision
  • Passport/ID/SSC copies of the owners and director
  • Certificate from Central Bank of Armenia on recent amendments of the charter and the director (valid for 30 days)
  • Minutes of Meeting and/or Board Decision regarding confirmation and authorization of the transaction

3. Movable property pledge (equipment, production line, etc.) and Floating charge/Fixed charge

  • Complete and detailed list of movable property
  • Bases (S&A agreement and/or customs clearance documentation and/or invoice and/other any other related document)
  • Passport copies/IDs, SSCs of all involved parties and marriage certificate/s of the spouses in case of co-ownership

4. Personal/Corporate Guarantee

  • Passport copies/IDs, SSCs of guarantor
  • In case of Corporate Guarantor, the criteria of requesting documents for legal entities is applied

 

* To be noted that if the company/company shareholder/company participant involved in the transaction is registered overseas, additionally the following documents may be required (the list is not exhaustive and depends on the case):

  • Certified copy of Company’s Charter, Founding documents, Charter Amendments (if any)
  • Certified copy of Company’s State Registry Certificate and Director Enclosure or otherwise certified information on company registration and executive body
  • Certificate of Good Standing and/or Incumbency Act and/or Certificate of Incorporation with notary and Apostil certifications
  • Passport/ID copy of director with notary and Apostil certifications
  • Minutes of Meeting and/or Resolution/Decision and/or General Power of Attorney regarding confirmation and authorization of the transaction

 

** Regarding Credit/Insurance organizations and other companies which are registered by CBA and have to publish the respective information on their website, information/documentation mentioned above can be retrieved from the company’s website.

!! In case if the guarantor and/or security owner is a Legal entity, documents mentioned in “Legal entity related documents” section should be requested.

 

1 In case of the ownership certificate is issued before 2018 the original Ownership certificate will be requested only for Sell and purchase (S&P) purposes.

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Last updated on: 23/01/22 12:16 UTC

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