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| Loan facilities and guarantees |
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EXIMBANK offers a variety of loan facilities to satisfy to the full the credit needs of the customer. Money channelled to loans may be in lei, dollar or EURO.
Depending on the core business ran by our customers and their estimated needs in borrowed resources, the Eximbank may issue the following types of loans to legal entities:
open credit lines for the replenishment of working capital;
target loans for financing commercial projects;
loans for the acquisition of fixed assets;
loans for satisfying payment documents when the balance of current account is insufficient or exhausted (overdrafts);
Our major requirements to loan applicants are readable “account history” (sizeable and consistent account turnover), sound business plan and good quality of collateral. Liquid securities, fixed assets, real estate, stocks of commodities, guarantees of a solvent enterprise or a top-ranked bank are all eligible as collateral. Interest rates on both lei and dollar denominated loans will depend on the customer's credit history, type of collateral and the purpose and term of a given loan.
TERMS AND CONDITIONS OF JSCB “EXIMBANK”
The base loan interest rates
Guarantees
The bank may issue guarantees on behalf of its customers. If such guarantee is fully secured by cash collateral in customer's accounts or state securities, the commission charged for the guarantee is minimum 100 MDL. For other type of collateral the bank charges the commission and the interest at the rate established by the Credit Committee.
If a claim is made under a guarantee, it is transformed into a loan for the customer with interest rate, established by the Credit Committee.
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