CHF
EUR
GBP
USDEnergy Asset
Purpose
- Investments improving energy efficiency in industrial processes through purchase of equipment, machine and instruments; technical support and consultation on the correct assembly of equipment; transport and logistic service.
- Exterior insulation of buildings irrespective of their sector.
- Improvement of heat source and heat transfer network.
Amount
From BGN 30,000.00 to BGN 3,000,000.00.
Co financing company’s share
Minimum 10% of the project amount, without VAT.
Loan period
Up to 60 months
Repayment schedule
Monthly principal and interest installments and grace period up to 6 months
Monthly principal and interest installments and grace period up to 6 months
Annual interest rate
basic interest rate + margin /upon negotiation/
Collateral
- Collateral must comply with the standard bank practices and Bulgarian legislation. Market evaluation is to be prepared by licensed assessor nominated by the Bank
Feesandcommissions
As fixed in Terms and Conditions of INTERNATIONAL ASSET BANK AD
As fixed in Terms and Conditions of INTERNATIONAL ASSET BANK AD
Additional conditions
Projects meeting credit terms must:
- Have detailed energy-related project review, made by a company, authorized under Article 16 or Article 17 of the Energy Efficiency Act.
List of companies authorized under Article 16 of the Energy Efficiency Act.
List of companies authorized under Article 18 of the Energy Efficiency Act. - Minimum 50 % of the economic benefit must arise from substantiated energy saving.
- Implement well-known technology for energy saving (technologies that are not applied by now shall not be approved).
Additional services
- Opening of company employees’ card accounts for direct payroll transfer
- Option for overdraft under card accounts
- Option for deposit accounts enabling flexible operation of the resources