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Foreign credit lines

Hamkor Bank

Information about conditions for issuing loans by banks at the expense of attracted foreign credit lines of Hamkor Bank.

Foreign credit line: Asian Development Bank (UZB 3405)

 

No.

Questions

Conditions

1.

Borrower requirements

Small business entities

2.

Industry of directing credit line funds

Industrial, transport and agriculture

3.

Purpose of directing credit line funds

Supporting small business and entrepreneurship

4.

Minimum and maximum amount for each financed loan

Amount issued to a borrower or a group of borrowers not exceeding 300,000 USD

5.

Loan currency

USD

6.

Loan amount

 45,0 million USD

7.

Loan term

1. 18 months for replenishment of working capital;

2. 60 months for purchasing equipment;

8.

Annual interest rate on the loan

8+Libor

The interest rate LIBOR is determined every 6 months by LIBOR rate as of May 15 and November 15.

9.

Grace period

1.   6 months for replenishment of working capital;

2.   12 months for purchasing equipment;

10.

Bank commission

Not provided

11.

Loan issuance form

Transferring to the seller’s account

12.

Borrower’s share in project financing

At least 25%;

13.

List of countries from which equipment is purchased through a loan

Produced in ADB member countries, as well as must also be delivered to from these countries.

14.

Mortgage security requirements

At least 130% to the ratio of the loan amount;

15.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Up to 80%;

16.

Eligible (Project) regions

All regions

17.

List of required documents for getting a loan

• Application;

• Business plan;

• Financial reports for the last reporting date;

• Security documents;

• Documents on ecology;

• Agreement on using loan funds;

• Commercial proposals from suppliers on investment projects;

18.

Others

Borrowers must comply with the requirements of social protection and the environment.

Meet the conditions established by law in relation to health and safety, as well as meet the requirements of the current rules on social protection in the Republic of Uzbekistan.

 

Foreign credit line:

International Development Association (Energy Efficiency Project)

No.

Questions

Conditions

1.

Borrower requirements

Domestic industrial enterprises that have projects for replacement and modernization of equipment of existing production in order to increase its energy efficiency of at least 20%

2.

Industry of directing credit line funds

Industry

3.

Purpose of directing credit line funds

Supporting domestic manufacturing enterprises on improvement of energy efficiency.

4.

Minimum and maximum amount for each financed loan

Up to 10 000 000 USD

5.

Loan currency

USD and UZS

6.

Loan amount

33,0 million USD

7.

Loan term

Up to 20 years

8.

Annual interest rate on the loan

6+Libor (6 months)

9.

Grace period

Up to 5 years

10.

Bank commission

Not provided

11.

Loan issuance form

Transferring to the seller’s account

12.

Borrower’s share in project financing

At least 25%;

13.

List of countries from which equipment is purchased through a loan

No restrictions

14.

Mortgage security requirements

At least 130% to the ratio of the loan amount;

15.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Up to 80%;

16.

Eligible (Project) regions

All regions

17.

List of required documents for getting a loan

• Application;

• Business plan;

• Financial reports for the last reporting date;

• Security documents;

• Documents on ecology;

• Agreement on using loan funds;

• Commercial proposals from suppliers on investment projects;

• Tender documents;

18.

Others

 

Foreign credit line: European Bank for Reconstruction and Development

 

No.

Questions

Conditions

1.

Borrower requirements

Small business entities

2.

Industry of directing credit line funds

All sectors of the economy (except light industry, alcohol production, gambling…..)

3.

Purpose of directing credit line funds

Supporting small business

4.

Minimum and maximum amount for each financed loan

Maximum amount per borrower 1000 000 USD in UZS equivalents

5.

Loan currency

UZS

6.

Loan amount

 20,0 million USD

7.

Loan term

1. 18 months for replenishment of working capital;

2. 36 months for purchasing equipment;

8.

Annual interest rate on the loan

20-22%

9.

Grace period

1.   3 months for replenishment of working capital;

2.   8 months for purchasing equipment;

10.

Bank commission

Not provided

11.

Loan issuance form

Transferring to the seller’s account

12.

Borrower’s share in project financing

At least 25%;

13.

List of countries from which equipment is purchased through a loan

No restrictions

14.

Mortgage security requirements

At least 125% to the ratio of the loan amount;

15.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Up to 80%;

16.

Eligible (Project) regions

All regions

17.

List of required documents for getting a loan

• Application;

• Business plan;

• Financial reports for the last reporting date;

• Security documents;

• Documents on ecology;

• Agreement on using loan funds;

18.

Others

Borrowers must comply with the requirements of social protection and the environment.

Meet the conditions established by law in relation to health and safety, as well as meet the requirements of the current rules on social protection in the Republic of Uzbekistan.

Foreign credit line: Triple Jump B.V.

No.

Questions

Conditions

1.

Borrower requirements

Small business entities

2.

Industry of directing credit line funds

All sectors of the economy (alcohol production, gambling…..)

3.

Purpose of directing credit line funds

Supporting small business and private entrepreneurship

4.

Minimum and maximum amount for each financed loan

The maximum amount per borrower is 24 957 EUR in UZS equivalents

5.

Loan currency

UZS

6.

Loan amount

 5,0 million USD

7.

Loan term

1. 18 months for replenishment of working capital;

2. 36 months for purchasing equipment;

8.

Annual interest rate on the loan

 24-25%

9.

Grace period

1.   3 months for replenishment of working capital;

2.   8 months for purchasing equipment;

10.

Bank commission

Not provided

11.

Loan issuance form

Transferring to the seller’s account

12.

Borrower’s share in project financing

At least 25%;

13.

List of countries from which equipment is purchased through a loan

No restrictions

14.

Mortgage security requirements

At least 125% to the ratio of the loan amount;

15.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Up to 80%;

16.

Eligible (Project) regions

All regions

17.

List of required documents for getting a loan

• Application;

• Business plan;

• Financial reports for the last reporting date;

• Security documents;

• Documents on ecology;

• Agreement on using loan funds;

18.

Others

Borrowers must comply with the requirements of social protection and the environment.

Meet the conditions established by law in relation to health and safety, as well as meet the requirements of the current rules on social protection in the Republic of Uzbekistan.

 

Foreign credit lines BlueOrchard

No.

Questions

Conditions

1.

Borrower requirements

Small business entities

2.

Industry of directing credit line funds

All sectors of the economy (alcohol production, gambling…..)

3.

Purpose of directing credit line funds

Supporting small business and private entrepreneurship

4.

Minimum and maximum amount for each financed loan

The maximum amount per borrower is 1.5 billion UZS;

5.

Loan currency

UZS

6.

Loan amount

 10,0 million USD

7.

Loan term

1. 18 months for replenishment of working capital;

2. 36 months for purchasing equipment;

8.

Annual interest rate on the loan

 24-25%

9.

Grace period

1.   3 months for replenishment of working capital;

2.   8 months for purchasing equipment;

10.

Bank commission

Not provided

11.

Loan issuance form

Transferring to the seller’s account

12.

Borrower’s share in project financing

At least 25%;

13.

List of countries from which equipment is purchased through a loan

No restrictions

14.

Mortgage security requirements

At least 125% to the ratio of the loan amount;

15.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Up to 80%;

16.

Eligible (Project) regions

All regions

17.

List of required documents for getting a loan

• Application;

• Business plan;

• Financial reports for the last reporting date;

• Security documents;

• Documents on ecology;

• Agreement on using loan funds;

18.

Others

Borrowers must comply with the requirements of social protection and the environment.

Meet the conditions established by law in relation to health and safety, as well as meet the requirements of the current rules on social protection in the Republic of Uzbekistan.

Turon Bank

Information on credit line for “Development of fruits and vegetables production in the Republic of Uzbekistan” project with participation of the World Bank, JSCB Turon Bank

 

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing a wide range of activities related to agriculture:

Financing agricultural production (production capacity), greenhouses,

Investments in agricultural machinery and equipment for food processing,

Investment in storage, packaging, in provision of agricultural services,

Cultivation of crops.

2.

Minimum and maximum amount for each financed loan

On investment capital or on leasing financing – does not exceed 2 million USD;

For working capital of up to 0.2 million USD (or their equivalent in UZS).

3.

Loan term

On investment capital or on leasing financing – 10 years;

For working capital – 1.5 years

4.

Annual interest rate on the loan

In foreign currency – 3%+bank margin in national currency – 4.5%+bank margin

5.

Grace period

On investment capital or on leasing financing – up to 36 months;

For working capital – up to 9 months

6.

Bank commission

Not provided

7.

Borrower’s share in project financing

20%

8.

List of countries from which equipment is purchased through a loan

No restrictions

9.

Others

Eligible regions include eight regions of the country: the Republic of Karakalpakstan and Andijan, Jizzakh, Khorezm, Namangan, Kashkadarya, Samarkand, Tashkent, Fergana regions

National Bank of Uzbekistan

Information on credit line for “Development of fruits and vegetables production in the Republic of Uzbekistan” project with participation of the World Bank, JSCB Turon Bank

 

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing a wide range of activities related to agriculture:

Financing agricultural production (production capacity), greenhouses,

Investments in agricultural machinery and equipment for food processing,

Investment in storage, packaging, in provision of agricultural services,

Cultivation of crops.

2.

Minimum and maximum amount for each financed loan

On investment capital or on leasing financing – does not exceed 2 million USD;

For working capital of up to 0.2 million USD (or their equivalent in UZS).

3.

Loan term

On investment capital or on leasing financing – 10 years;

For working capital – 1.5 years

4.

Annual interest rate on the loan

In foreign currency – 3%+bank margin in national currency – 4.5%+bank margin

5.

Grace period

On investment capital or on leasing financing – up to 36 months;

For working capital – up to 9 months

6.

Bank commission

Not provided

7.

Borrower’s share in project financing

20%

8.

List of countries from which equipment is purchased through a loan

No restrictions

9.

Others

Eligible regions include eight regions of the country: the Republic of Karakalpakstan and Andijan, Jizzakh, Khorezm, Namangan, Kashkadarya, Samarkand, Tashkent, Fergana regions

Microcreditbank

Information on conditions for issuing loans to Microcreditbank through the credit line of the International Fund for Agricultural Development (IFAD)

Questions

Conditions

Borrower requirements

Loans are issued for development of dairy sector

Industry of directing credit line funds

Development of the value chain in the dairy sector of Uzbekistan

Purpose of directing credit line funds

Financing investment projects in dairy sector

Minimum and maximum amount for each financed loan

– to farms for purchasing high productive breeding cattle and equipment (portable milking machines, grain mills, other equipment for production of feed, etc.) up to 10,000 USD;

– to farmers, for purchasing fodder harvesting machinery (combines and other machinery for collecting and processing feed), specialized transport for transportation of milk and dairy products, cooling tanks, milking equipment, improved cattle breeds, etc. up to 100,000 USD;

– to suppliers of means of production and services for creation/modernization of veterinary and zootechnical services as well as preparation of feed and fodder (per sub borrower) for veterinary medicine – up to 10,000 USD and up to 100,000 USD for production of feed and provision of other means)

– to processors of dairy products for purchasing and modernization of technological equipment, packaging lines of dairy products of refrigeration chambers, replenishment of working capital, etc. (per sub-borrower, up to 250,000 USD)

Loan currency

USD

Loan amount

3,3 million USD

Loan term

Up to 5 years.

Annual interest rate on the loan

5% per annum

Grace period

For short-term loans up to 6 months

For long-term loans up to 1 year

Bank commission

Not provided

Loan issuance form

Direct bank transfer to the equipment supplier’s account

Borrower’s share in project financing

At least 20% of the project amount

List of countries from which equipment is purchased through a loan

No restrictions

Mortgage security requirements

Liquid collateral provision, guarantee of a financially sustainable enterprise.

What is the ratio in percentage to the adoption of the collateral security of the purchased equipment and mechanisms?

Security deposit should amount at least 125%.

Real estate up to 80% of assessed value;

Purchased equipment up to 70% of its value.

Eligible (Project) regions

Kashkadarya and Jizzakh regions

List of required documents for getting a loan

Application, business plan, balance sheet, one of the collateral for repayment of the loan and others according to the requirement of the bank

Qishloq Qurilish Bank

Information on credit line of International Bank for Reconstruction and Development JSCB “Qishloq Qurilish Bank”

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Creating an intensive garden and a modern greenhouse, growing, processing, packaging, long-term storage and sale of agricultural products

2.

Minimum and maximum amount for each financed loan

For investment projects – 2 000 000,0 USD or in UZS equivalent

For replenishment of working capital – 200 000,0 or in UZS equivalent.

3.

Loan currency

USD

4.

Loan term

For long-term loans – 120 months, but not more than the period of full depreciation of financed investments

For short-term loans – 18 months

5.

Annual interest rate on the loan

On loans allocated in USD – 5.5%

On loans allocated in national currency – 10.0%

6.

Grace period

For long-term loans – not more than 36 months

For short-term loans – not more than 9 months

7.

Bank commission

1.0% of the loan amount

8.

Borrower’s share in project financing

At least 15% of the value of the import contract. At least 25% of the project cost

9.

List of countries from which equipment is purchased through a loan

No restrictions

10.

Others

Early Repayment Charge:

3.0% per annum on loans allocated in USD

4.5% per annum on loans allocated in national currency

 

Information on the credit line of the International Fund for Agricultural Development and the Spanish Trust Fund for financing food safety projects of JSCB Qishloq Qurilish Bank

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Cultivation, processing, packaging, long-term storage and sale of agricultural products

2.

Loan term

72 months, but not more than the period of full depreciation of financed investments

3.

Grace period

Not more than 24 months

4.

List of countries from which equipment is purchased through a loan

No restrictions

 

Ipak Yuli Bank

Information on Commerzbank (Germany) credit line of Ipak Yuli Bank

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing investment projects related to purchasing equipment abroad

2.

Minimum and maximum amount for each financed loan

Up to 1 000 000 USD

3.

Annual interest rate on the loan

Up to 100.000,00 USD – 16%

From 100.000,00 up to 300.000,00 USD 15% Working capital acquisition – 18%

4.

Grace period

1 year

5.

Bank commission

Based on the decision of the credit committee

6.

Borrower’s share in project financing

25%

 

 

Information on FMO (Netherlands) credit line of Ipak Yuli Bank

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Projects on greenhouse farming, growing, processing, packaging, transportation, storage and sale of agricultural products (fruits, vegetables and grapes) are financed, namely: equipment, machines, other technological solutions, working capital aimed at developing the above areas.

(Projects on processing grain crops, beekeeping, poultry farming, animal husbandry, including the purchase of cattle are not funded)

2.

Minimum and maximum amount for each financed loan

Credit amount

For purchasing fixed assets up to 500 000 USD

Warehouses and refrigeration chambers up to 1 000 000 USD),

– for working capital of 50 000 USD. Possible issuance of loans in UZS equivalent.

3.

Loan term

Loan term – for purchasing fixed assets up to 10 years; For purchasing working capital – up to 1.5 years;

4.

Annual interest rate on the loan

Loans in USD – 7%; Loans in UZS – 10%;

5.

Grace period

36 months when buying OS, 9 months for PC

6.

Bank commission

Based on the decision of the Credit Committee

7.

Borrower’s share in project financing

Minimum 10% of project volume

8.

List of countries from which equipment is purchased through a loan

No restrictions

9.

Mortgage security requirements

Location (region) of projects to be financed:

Andijan, Bukhara, Kashkadarya, Samarkand, Syrdarya, Jizzakh, Tashkent, Fergana regions. At the same time, enterprises can be registered in administrative centers, but projects must be implemented outside the official administrative centers of the above-listed regions.

10.

Others

Purchased equipment must be manufactured in Germany.

 

 

Information on FMO (Netherlands) credit line of Ipak Yuli Bank

 No.

Questions

Conditions

1.

Purpose of directing credit line funds

Projects on greenhouse farming, growing, processing, packaging, transportation, storage and sale of agricultural products (fruits, vegetables and grapes) are financed, namely: equipment, machines, other technological solutions, working capital aimed at developing the above areas.

(Projects on processing grain crops, beekeeping, poultry farming, animal husbandry, including the purchase of cattle are not funded)

2.

Minimum and maximum amount for each financed loan

Credit amount

For purchasing fixed assets up to 500 000 USD

Warehouses and refrigeration chambers up to 1 000 000 USD),

– for working capital of 50 000 USD. Possible issuance of loans in UZS equivalent.

3.

Loan term

Loan term – for purchasing fixed assets up to 10 years; For purchasing working capital – up to 1.5 years;

4.

Annual interest rate on the loan

Loans in USD – 7%; Loans in UZS – 10%;

5.

Grace period

36 months when buying OS, 9 months for PC

6.

Bank commission

Based on the decision of the Credit Committee

7.

Borrower’s share in project financing

Minimum 10% of project volume

8.

List of countries from which equipment is purchased through a loan

No restrictions

9.

Mortgage security requirements

Location (region) of projects to be financed:

Andijan, Bukhara, Kashkadarya, Samarkand, Syrdarya, Jizzakh, Tashkent, Fergana regions. At the same time, enterprises can be registered in administrative centers, but projects must be implemented outside the official administrative centers of the above-listed regions.

10.

Others

Purchased equipment must be manufactured in Germany.

Asaka Bank

Information on Commerzbank AG credit line (Germany) of Asaka Bank

 

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing purchases of imported equipment and technologies, as well as covering the cost for working capital formation

2.

Minimum and maximum amount for each financed loan

Minimum 500,000 EUR

Maximum not more than 85% of the import contract cost.

3.

Loan currency

EUR 

4.

Annual interest rate on the loan

EURIBOR + (1.5-2.5% per annum) Foreign Bank Margin + (from 1.5% to 4% per annum) Margin of Asaka Bank

(final rate of 8-10% per annum)

5.

Grace period

Up to 12 months

6.

Bank commission

Not provided

7.

Borrower’s share in project financing

Not less than 15% of the import contract cost. At least 25% of the project cost

8.

Others

The borrower must compensate the Lender for payment of the guarantee costs to be paid by the Lender with respect to relevant ECA guarantee.

Repayment of the loan – equal semi-annual shares in the currency of the loan.

Management fee: 0.75% of the loan amount;

 

 

Information on the credit line “Improving energy efficiency of industrial enterprises with participation of World Bank IDA, Asaka Bank

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing purchases of imported equipment and technologies, as well as covering the cost for working capital formation

2.

Minimum and maximum amount for each financed loan

282 000.0 USD 3 600 000.0 USD

Maximum loan amount for one project can amount to 10.0 million USD (equivalent in USD);

3.

Loan currency

USD

4.

Annual interest rate on the loan

Annual interest rate paid by a client: foreign bank margin (2% per annum) + margin of the Ministry of Finance (LIBOR 6M + 0.25%) + margin of Asaka Bank (2.6% per annum);

5.

Grace period

Grace period on the project is determined depending on the delivery period, installation and commissioning works

6.

Bank commission

Commissions paid by the client for obtaining a loan: commission for obligation at the rate of 0.5% per annum

7.

Borrower’s share in project financing

At least 20%

8.

Others

A loan of Asaka Bank is granted on the following terms:

> loan currency – the national currency (in the absence of exports) with further conversion of loan funds to UZS, or USD (for exporting companies); interest rate – 14% per annum for a loan in national currency, 10% per annum – for a loan in USD.