RA resident legal entity, individual entrepreneur

implementation of construction, reconstruction, and expansion projects of renewable energy power plants (REPPs).

PV-150 – Solar power plants with a capacity of up to and including 150 kW
PV-500 – Licensed solar power plants generating electricity for own consumption, with a capacity exceeding 150 kW and up to 500 kW
PV-1050 – Solar power plants with a capacity of up to 1050 kW, generating electricity by an autonomous group ***
PV-L – Solar power plants with a capacity of up to 5 MW, licensed by the Public Services Regulatory Commission (PSRC)
Other plants - Power plants constructed based on other renewable energy sources (wind, biomass, geothermal, etc.)
BESS – Battery Energy Storage System projects ****

AMD 

Only for PV-L solar power plant projects with a capacity of up to 5 MW, loans/leasing may also be provided in USD and EUR.

Minimum
500,000 AMD

Maximum
80,000,000 AMD

200,000,000 AMD

9․9%

None

120 months

0-24   months

0.1% daily

0.13% daily

In case of early repayment of the loan, a penalty of 5% of the amount repaid early is applied
Applicable for loans with a contractual amount of AMD 5,000,001 and more

-    In case the interest rates of loans/leases are subsidized within the framework of the "Targeted Program for Promoting Productivity" (Appendix 1) approved by the RA Government Resolution No. 355-L dated March 26, 2020 "On Approval of Targeted Programs for Modernizing the Economy"

Annuity (equal monthly payment of principal and interest)
Equal monthly payment of the differentiated/principal amount and interest/
Individual repayment schedule

Repayment method of the client's choice

Real estate and/or
Guarantee(s)
For clients who are legal entities – personal guarantees of the business founders and ultimate beneficiaries
For individual entrepreneurs – if the ultimate beneficiary is a third party, the guarantee of the ultimate beneficiary
Movable property

Other forms of collateral may also be required as determined by the Credit Committee.

In the case of vehicle collateral, the production year of the vehicle cannot exceed:

5 years for vehicles of Russian manufacture
10 years for vehicles of other countries

For the projects listed below, loans/leasing within the specified amounts are provided only with guarantees acceptable to the Bank:

PV-150 – 500,000 – 10,000,000 AMD
Other plants – 1,000,000 – 10,000,000 AMD
BESS – 500,000 – 10,000,000 AMD

Furthermore:

Loans/leasing up to 3,000,000 AMD may be provided with 1 guarantor
Loans/leasing from 3,000,001 to 10,000,000 AMD require 2 guarantors

According to Appendix 6

The collateral is subject to valuation by an independent appraisal agency cooperating with the Bank and/or by a Bank employee, depending on the loan amount.
Valuation conducted by a Bank employee is provided free of charge.