The Bank provides short-term and long-term loans to industrial production, construction, as well as large businesses, whose goods and services are in constant and high demand.
Mortgage Bank develops individual programs for approaching each client when lending to large projects. Based on the experience of banking specialists, we offer services for lending to enterprises and organizations.
|
The purpose of the loan |
Purchase of fixed assets (including construction, reconstruction and overhaul) |
|
Currency |
UZS |
|
Amount |
At the request of the customer |
|
Term |
Up to 36 months depending on the purpose of the project |
|
Interest rate |
|
|
Security |
Mortgaged property of securities; bank or insurance company guarantee; third party guarantee; insurance policy insuring against the risk of non-repayment of the received loan;
|
|
Customer |
Corporate clients of the bank |
|
Credit purpose |
For salary payment |
|
Credit maximum |
Loans for salary payment are issued in an amount not exceeding two months' salary |
|
Currency |
In national currency |
|
Loan percentage is annual |
23.99 percent |
|
Funding source |
The bank owns funds and borrowed funds |
|
Resource attraction commission |
Not specified |
|
Credit line |
It's open If the term of the line is up to 45 days, the loan is allocated on the basis of a closed credit line |
|
Term of credit line |
up to 12 months A new loan will be reconsidered after all obligations on the received loan are fully fulfilled within 45 days |
|
The term of loans allocated within the credit line |
45 days
|
|
Credit allocation form |
By transferring money to a special monthly salary account |
|
Loan repayment procedure |
- Interest and principal on loans allocated from the line account will be returned based on the main agreement on opening a credit line - It is envisaged that the calculated interest will be returned every day |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations |
|
Lending and documentation process |
The current Credit Policy of the Bank is implemented based on the Lending Regulation |
|
Additional terms |
- Year-end bonus (13 months) and monthly bonuses are not credited; - It is forbidden to give loans for salary payments to agencies, associations and other enterprises that are not engaged in economic activity; - It is not allowed to extend the repayment period of the salary loans. |
|
Credit purpose |
Purchase of fixed assets and replenishment of working capital |
|
Currency |
In foreign currency |
|
Loan percentage |
11.99% p.a* |
|
Resource attraction commission |
Financing in the amount of a one-time commission of the organization (from the client's account)** |
|
Loan period |
Up to 60 months for the purchase of fixed assets; Up to 18 months to replenish working capital; (Depending on the project, the loan period may be determined differently) |
|
Funding source |
From the bank's own and borrowed funds |
|
Credit line |
Closed and open credit line |
|
Credit allocation form |
By money transfer |
|
Maximum loan amount |
It is determined based on the amount of the project and the category of the corporate client*** |
|
Loan repayment procedure |
For the purchase of fixed assets: - the grace period is up to 12 months (depending on the project, the grace period may be determined differently); - Interest payment - every 6 months (in accordance with the terms of the credit line), principal payment - 2 times a year after the grace period (in accordance with the terms of the credit line, seasonal projects may be considered separately); To replenish working capital:
- the grace period can be set up to 6 months depending on the project; |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations |
|
Additional terms |
A customer is considered a group if it is affiliated with other corporate customers. In this case, the general category is given based on the amount of commission income received by the group in the last 6 months. Loans previously granted to corporate clients are not taken into account in this passport. Also, in the case of granting a "Progress" loan to a corporate client, the limit amount for the group of related organizations should not exceed 5.0 million US dollars, otherwise the loan amount exceeding the limit will be considered by the credit committee. |
|
Lending and documentation process |
Carried out on the basis of the Bank Credit Policy and Lending Regulation |
* if the loan interest rate is variable (LIBOR, SOFR, etc.), the loan interest rate may be determined differently by the Credit Committee;
**credit may be determined by the Committee at a different rate or term;
***loans can be allocated to corporate clients in the "Corporate Premium" category up to 5 million US dollars and to other corporate clients up to 2 million US dollars.
|
The purpose of the microcredit |
to fill the working capital; purchase and construction of fixed assets; to establish intensive fish farming and processing of fish products; |
|
Currency |
in local and foreign currency |
|
Amount |
at the request of the customer |
|
Interest rate |
In accordance with the interest rate policy of the bank |
|
Term |
filling the working capital up to 18 months; purchase and construction of fixed assets for up to 36 months; to establish intensive fish farming and processing of fish products for up to 60 months;
|
|
Security |
mortgaged property of securities; bank or insurance company guarantee; third party guarantee; insurance policy insuring against the risk of non-repayment of the received loan;
|
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Special Cases |
Compensation provided by the State Entrepreneurship Support Fund for fishery projects can be used in accordance with Presidential Decree of the Republic of Uzbekistan of November 6, No. UP-4005. |
The required documents for obtaining a loan:
a) Application for a credit indicating the amount, term of use, purpose, interest rate, and collateral of the loan and consent to the information being provided to the credit bureau and the collateral register.
b) A copy of the constituent documents of the borrower and other documents confirming the authority to obtain a loan.
c) Copies of agreements (contracts) or protocols of agreements concluded by the borrower for the purchase of tangible assets (goods, services, etc.) on credit.
d) Accounting statements in the forms approved by the Ministry of Finance of the Republic of Uzbekistan for the last reporting period. These documents must be submitted to the state tax authorities in the prescribed manner and accompanied by the following:
- Balance sheet
- Income Statement
- And other financial statements as required
e) Information about obligations of other credit institutions and about the turnover of accounts in other banks for the last 6 months.
f) Documents giving the right to engage in fishing (land lease agreement, land cadastral, documents confirming state registration of land use and property rights, water use agreement etc.)
g) Business plan
h) Loan Security documents
|
Credit purpose |
Housing, for the construction or reconstruction of multi-apartment houses |
|
Maximum loan amount |
It is determined based on the customer's project |
|
Currency |
In national currency |
|
Loan percentage is annual |
26 percent (loans in national currency at an annual rate of 22.5 percent in cases where the State Fund for the Support of Entrepreneurship provides compensation for interest expenses on loans. PF-150 dated June 9, 2022, 30 will be allocated in accordance with the requirements of the Decree No. PF-287 of December and the Resolution No. 428 of the Cabinet of Ministers of August 4, 2022) |
|
Funding source |
The bank owns funds and borrowed funds |
|
Loan period |
up to 24 months |
|
Credit line |
Closed |
|
Credit allocation form |
By money transfer. |
|
Loan repayment procedure |
The grace period can be set up to 18 months depending on the construction period. Interest payment - every month, principal payment - after the payment deadline is divided into equally distributed amounts over the remaining term of the loan |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations |
|
Lending and documentation process |
It is carried out on the basis of the Bank's Credit Policy and Lending Regulation |
|
Additional terms |
Platinum, gold, silver plus, silver customers can be made on the basis of the conditions in clauses 5-7 of this joint meeting statement. |
|
Customer |
Business entities in the field of poultry farming |
|
Credit purpose |
Stocking of feed products such as wheat, corn, soybean meal and meal, sunflower meal during the cheapest harvest periods, as well as allocation and modernization of working capital for the full operation of existing capacities in poultry farms and feed production enterprises. to do |
|
Loan amount |
The customer is determined based on their ability to pay |
|
Currency |
In national currency (USD equivalent) |
|
Loan percentage |
at the Central Bank's main rate |
|
Source of credit allocation |
According to the decision of the President of the Republic of Uzbekistan No. PQ-5146 dated June 14, 2021, the funds of the Recovery and Development Fund will be directed to ADB "Mikrokreditbank" for the financing of poultry farming; Pursuant to paragraph 4 of the decision of the President of the Republic of Uzbekistan No. PQ-281 of June 15, 2022, it can be issued in the amount of the main rate of the Central Bank from the resources returned from the 1st stage of the targeted funds allocated to ADB "Microcredit Bank" |
|
Resource cost |
10% per annum |
|
Loan period |
Depending on the self-recovery of the project, the loan period can be set up to 24 months and the grace period up to 6 months |
|
Credit allocation form |
By money transfer |
|
Loan repayment procedure |
Interest payment - every month, principal payment - after the due date, the loan is divided into equally distributed amounts. (seasonal projects may be considered separately) |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations |
|
Lending and documentation process |
It is carried out on the basis of the Decree of the President of the Republic of Uzbekistan No. PQ-5146 of June 14, 2021, the Decree of the President of the Republic of Uzbekistan No. PQ-281 of June 15, 2022 and the Bank's current Credit Policy, Lending Regulations |
|
Customer |
Business entities in the field of poultry farming |
|
Credit purpose |
a) In order to replenish working capital, based on the production capacities of poultry farms and poultry feed producing business entities, incubation eggs, day-old chicks, feed products and their supplements, medicines, additional components, wheat, corn, soybeans, soybeans and replenish working capital to reserve sunflower meal; b) Implementation of new projects in the direction of meat production, purchase and modernization of all types of incubation workshops, technological equipment for processing and storage of poultry products, as well as special equipment and their spare parts, as well as other basic tools |
|
Loan amount |
It is determined based on the customer's project |
|
Source of credit allocation |
According to paragraph 4 of the decision of the President of the Republic of Uzbekistan No. PQ-281 dated June 15, 2022, at the expense of the bank's own and borrowed funds |
|
Currency |
In national and foreign currency |
|
Loan percentage is annual |
In national currency: - 22.5 percent for loans up to 5.0 billion soums; - 23.99 percent for loans over 5.0 billion soums;- State support for business activitieswhen using the fund's financial support, the value is 5 bln. For loans where the interest rate does not exceed 1.5 times the central bank rate, no more than 30% of the basic rate will be compensated for up to 3 years on the "2+1" principle. In foreign currency: - from bank funds - 11.99 percent; - 11.99 percent of the funds raised and the resource attraction commission |
|
Loan period |
-Up to 12 months for working capital; -Up to 36 months for fixed assets |
|
Resource attraction commission |
Unspecified* |
|
Credit allocation form |
By money transfer |
|
Additional terms |
Loans from the bank's own funds can be considered for up to 3 years for customers who have been active in the "Ipoteka-bank" ATIB system for more than 6 months. |
|
Loan repayment procedure |
Depending on the specifics of the project, with a grace period of up to 3-12 months, interest payment - every month, principal payment - after the payment deadline, the loan is divided into equally distributed amounts. (seasonal projects may be considered separately) |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations State support for business activitieswhen using the fund's financial support, up to 50% of the loans allocated to small business entities and loans not exceeding 2.5 billion soums are guaranteed |
|
Lending and documentation process |
It is carried out on the basis of the decisions of the President of the Republic of Uzbekistan No. PQ-5146 of June 14, 2021 and No. PQ-281 of June 15, 2022 and the Bank's current Credit Policy, Lending Regulations |
|
Special conditions |
In the decision of the President of the Republic of Uzbekistan No. PQ-281 of June 15, 2022 can use the compensations of the State Fund for the Support of Entrepreneurial Activities in accordance with the procedure specified in clause 4a); 4b) loans under targeted state programs for the development of poultry are allocated for a period of up to 10 years with a grace period of up to 3 years, in which the formation of the main herd (gala), including the purchase of hatching eggs, chicks (final hybrid), mother hens and parent flock Loans for activities related to investment should be allocated for a long period of time. |
|
Customer |
Corporate customers belonging to the "Corporate premium" category |
|
Credit purpose |
To replenish working capital |
|
Currency |
In national and foreign currency |
|
Loan percentage is annual |
22.99 percent per annum in national currency; - In foreign currency: not exceeding 10.99 percent (foreign bank margin + Mortgage bank margin) |
|
Resource attraction commission |
Financing in the amount of a one-time commission of the organization (from the client's account)** |
|
Loan period |
Up to 60 months for the purchase of fixed assets; Up to 18 months to replenish working capital; (Depending on the project, the loan period may be determined differently) |
|
Funding source |
From the bank's own and borrowed funds |
|
Credit line |
Closed and open credit line |
|
Credit allocation form |
By money transfer |
|
Maximum loan amount |
It is determined based on the amount of the project and the category of the corporate client*** |
|
Loan repayment procedure |
For the purchase of fixed assets: - the grace period is up to 12 months (depending on the project, the grace period may be determined differently); - Interest payment - every 6 months (in accordance with the terms of the credit line), principal payment - 2 times a year after the grace period (in accordance with the terms of the credit line, seasonal projects may be considered separately); To replenish working capital:
- the grace period can be set up to 6 months depending on the project; |
|
Credit provision |
Types of security specified in the Bank's Credit Policy and Credit Regulations |
|
Additional terms |
A customer is considered a group if it is affiliated with other corporate customers. In this case, the general category is given based on the amount of commission income received by the group in the last 6 months. Loans previously granted to corporate clients are not taken into account in this passport. Also, in the case of granting a "Development" loan to a corporate client, the limit amount for the group of related organizations should not exceed 5.0 million US dollars, otherwise the loan amount exceeding the limit will be considered by the credit committee. |
|
Lending and documentation process |
Carried out on the basis of the Bank Credit Policy and Lending Regulation |
* if the loan interest rate is variable (LIBOR, SOFR, etc.), the loan interest rate may be determined differently by the Credit Committee;
**credit may be determined by the Committee at a different rate or term;
***loans can be allocated to corporate clients in the "Corporate Premium" category up to 5 million US dollars and to other corporate clients up to 2 million US dollars.
|
Customer |
An exporting organization, i.e. business entities registered in the Republic of Uzbekistan that have concluded foreign trade agreements (contracts, invoices) with non-residents of the Republic of Uzbekistan for the export of goods (works, services). |
|
Purpose of the loan |
To fill the working capital |
|
Maximum loan amount |
In the amount of USD 1 million for one business entity at a time |
|
Currency |
US dollars (it is possible to finance internal payments by converting the allocated currency into sums at the request of the client) |
|
Interest on the loan |
4 percent in a foreign currency |
|
Credit term |
Up to 12 months |
|
Loan granting form |
Money transfer |
|
Loan repayment procedure |
Subject to repayment of the principal amount of the debt from the 3rd month. Interest payment is monthly, the main payment is divided into equal amounts for the remaining term of the loan after the due date. |
|
Loan Security |
Securing liquid collateral (real estate, special equipment, cars, gold jewelry, deposit funds and other liquid security), guarantee of the State Fund for the Support of Entrepreneurship, under the guarantee of a foreign bank guarantee |
|
Additional conditions |
This loan is provided to export organizations. Export contracts submitted by the exporting organization should not include the export of raw materials from the list approved by the presidential decree of the President of the Republic of Uzbekistan of November 29, 2018 No. UP-5587. Provided to business entities registered in the Republic of Uzbekistan, carrying out or wishing to start export activities, borrowers who are not in the process of liquidation, do not have arrears in payments to the budget, have not gone through bankruptcy proceedings and meet other requirements established by the charter. The State Entrepreneurship Support Fund does not provide compensation |
*when goods are exported by exporters with the condition of delayed payment of payments for them, revolver loans are provided to finance their working capital under the following conditions:
- provision of financial resources in the form of financing in the amount not exceeding the equivalent of 1 million US dollars for one business entity at the same time (in the amount not exceeding the equivalent of 5 million US dollars for the exporter who exported more than 20 million US dollars in the last 12 months);
- revolver loans from these resources for the delayed period of payments and in the amount of the value of exported products, but not more than the equivalent of 3 million US dollars, with the condition that the loan is extinguished every 12 months
Offered for up to 36 months.
- it should be noted separately that the resources of the Agency allocated to the client will be implemented after obtaining the permission of the Agency in the case of revision of the credit period. Also, in cases where the Agency is not allowed to review the loan period, the allocated Agency resources will review the loan interest rate at the current working capital interest rate.
|
Affiliated corporate clients |
Organizations which directly or indirectly affect (pressure) each other’s activities. |
|
The maximum amount |
Amount of an average of two months’ turnover from activity of affiliated clients for the last 12 months, no more than 10.0 billion soums. |
|
Currency |
UZS |
|
Interest rate |
In accordance with current interest rate policy for working capital |
|
Period |
Up to 12 months |
|
Privilege period |
6 months |
|
Form of credit allocation |
Allocated by transferring money to the main account of the overdraft receiving customer |
|
Loan repayment procedure |
According to loan repayment schedule |
|
Provision |
One or more than one following types of supplies must be provided: - Liquid property collateral; - Third party guarantee; - Insurance policy; - Insurance company or bank guarantee. |
|
Additional conditions |
The main accounts of affiliated clients must be in Ipoteka-Bank, be a client of the bank for at least 12 months, have a positive credit history (the client must not have been in arrears for more than 30 days on previous loans for the last 36 months (even if received from other banks), if the customer has current loan and privileged or investment period is ongoing, allocation is not allowed. (K-2 is not available). Credit is not allocated through a secondary account. |
|
Process of ending and documentation |
The process of lending and documentation is carried out in accordance with the current Credit Policy and lending regulations of Ipoteka Bank. |
|
Perform SWAP operations |
- According to the agreement - Carried out within strictly defined limits with customers |
|
Currency of SWAP transactions |
Soum, US dollar |
|
Term of SWAP operations |
Up to 12 months |
|
Commission fee: |
|
|
- Up to 1 month - From 1 to 3 months - From 3 to 6 months - From 6 to 9 months - From 9 to 12 months |
0.25% of the contract amount 0.5% of the contract amount 1.0% of the contract amount 1.5% of the contract amount 2.0% of the contract amount It is charged in the national currency at the time of the operation |
|
Collateral amount |
Deposits up to 2% of the contract amount, regardless of the term of operation (Soum, US dollars) |
|
Place of registration of SWAP operations |
Bank branches / banking service centers |
|
List of required documents |
- Contract - Application |
|
Perform forward operations |
- According to the agreement - Carried out within strictly defined limits with customers |
|
Currency of forward transactions |
Soum, US dollar |
|
Term of forward transactions |
Up to 12 months |
|
Forward courses |
Foreign exchange forward transactions are determined in accordance with the Regulations |
|
Commission fee: |
|
|
Up to 1 month - From 1 to 3 months - From 3 to 6 months - From 6 to 9 months - From 9 to 12 months |
0.25% of the contract amount 0.5% of the contract amount 1.0% of the contract amount 1.5% of the contract amount 2.0% of the contract amount It is charged in the national currency at the time of the operation. |
|
Collateral amount |
Deposits up to 3% of the contract amount, regardless of the term of operation (Soum, US dollars) |
|
Place of registration of forward transactions |
Bank branches / banking service centers |
|
List of required documents |
- Contract - Application |
Required documents for obtaining a loan:
• loan application
• business plan
• financial statements (except for individual entrepreneurs)
• loan security documents
• the bank may require other documents as required
