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  Financing against import of Foreign Production

Kreditprombank offers extremely favorable terms to obtain loans for import from European countries and from the USA due to credit funds of primary foreign banks.
These credits are much cheaper for the client, than standard ones, due to the foreign lending funds. Kreditprombank, from its side, will perform all necessary procedures to facilitate your enterprise to get the loan against import of necessary production.

   FINANCING AGAINST IMPORT OF FOREIGN PRODUCTION
Importer/BorrowerAn enterprise of non-sate form of ownership with business experience
Exporter/ManufacturerAn enterprise/organization, which is located in European countries or America, acceptable for the Funding Bank and Insurer
Exporter’s BankForeign bank, acceptable for Exporter/ Manufacturer
Funding BankOne of the first class foreign banks
InsurerNational Export Agency
Amount of credit line from 1,000,000 up to 10,000,000 euro or equivalent in USD
Credit line maturity termUp to 10 years
Purpose of the loanFinancing of foreign trade deals, completed between Importer/Borrower and Exporter/Manufacturer for purchasing fixed assets
Loan repaymentEqual monthly payments after 6 months equipment is in operation
Cost of funds9,0-11,5% per year, with current rate consideration EURIBOR (LIBOR), commission and interests compensation by Funding Bank, insurance cost of Insurer and total maternity term and credit risk
Mandatory conditionsLoan amount equals not more than 85% foreign trade deal cost
Credit line collateralAssets of Importer/Borrower, guaranties and warranties, other acceptable collateral forms
The financial conditions provided are not final and can be changed in any concrete case

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