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Credit for goods import

In connection with a number of concluded agreements between International Asset Bank AD and foreign bank institutions Bank’s customers may receive bank relief for import of machine, equipment and goods. Depending on the deal, financing may be with a cover of the state insurance agencies of the exporter’s country.

The Bank is working most actively in the field of business financing with the following international banks:

- Dresdner Bank, Frankfurt am Main
- LHB Internationale Handelsbank, Frankfurt am Main
- OBERBANK AG , Linz
- Bank Austria Creditanstalt AG,Vienna

- American Express Bank, Frankfurt am Main
- U B S AG, Zurich
- Unione di Banche Italiane SCPA ,Bergamo
- Banca Agricola Mantovana , Mantova

- Banca Nazionale del Lavoro ,Rome
- Danske Bank A/S, Copenhagen

Objective
To import machine and equipment produced in EU-countries.

Credit amount
Up to 85% of the negotiated delivery price.

Term
From 12 to 36 months

Servicing

• Monthly contributions under the principal and interest amount.
• Option for a grace period.

Annual interest rate
6-month EURIBOR + extra;
Preferential interest rates for customers that have paid in a timely manner at least one credit granted by the Bank.

Security
The equipment subject to the business contract serves as a credit security. By Bank’s estimation additional security may be requested.

Fees and commission charges
As defined in the tariff of International Asset Bank AD and that of the relevant foreign bank.


Supplementary terms

• By importer’s order the Bank issues a letter of credit in favor of the exporter for the remaining 85 % of the equipment value.
• Insurance of the security in favor of the Bank until credit payment.

Supplementary services

• Opening of card accounts for the employees and officers of a company for direct payroll transfer.
• Option for overdraft under card accounts.
• Option for deposit accounts enabling flexible operation of the resources.
• Option for POS-terminals installation.