International agreements

We cooperate with International Financial Institutions and Foreign Banks

Cooperation with national export credit agencies

One of the main conditions for attracting credit lines from foreign banks is the availability of insurance coverage provided by National Export Credit Agencies such as ECA Euler Hermes (Germany), ECA SACE (Italy), ECA CESCE (Spain), etc.

Based on the results of the work carried out in this direction, ECA "Euler Hermes" (Germany) allocated a direct limit to Asaka Bank using which 15 projects were financed with the participation of banks Landes Bank Berlin AG, Commerzbank AG, HVB, Dresdner Bank AG.

With the participation of ECA CESCE (Spain), 4 projects were financed with the participation of the banks Banco Santander, ICO, Societe Generale (a representative office in Spain), of which 3 with the involvement of the Government Guarantee.

ECA "SACE" (Italy) allocated a limit through which 3 projects were financed with the participation of HVB Bank (an Italian representative office).

ECA EGAP (Czech Republic) provided insurance coverage for financing 1 project with the participation of RZB Bank (Czech Republic).

Credit lines

International Finance Corporation - IFC
Asian Development Bank - ADB
Islamic Development Bank - IDB
2 credit lines from Landesbank Berlin AG (Germany)
"Commerzbank AG" (Germany)
"Dresdner Bank" (Germany)
"Hypovereins Bank" (Germany)
2 credit lines from Banco Santander Setral Hispano (Spain)
Societe Generale (Spanish office)
Instituto de Credito Official (Spain)
"Raiffeisen Bank" (Czech Republic)

Project financing

with the participation of foreign banks

INFORMATION ON COMMERZBANK AG (GERMANIYA) CREDIT LINE AT ASAKA BANK

Spheres where funds of credit line were directed	Industry or agriculture.
Purpose for which funds of credit line were directed to	Purchase of imported equipment and technology.
Purchase of imported equipment and technology.	Up to the amount of undisbursed credit line.
Minimum and maximum amount of credit allocated for each project	Minimum - 500 000 Euros, Maximum - up to the undisbursed amount of the credit line.
Annual interest payments paid by the client for the allocated credit	EURIBOR + foreign bank’s margin + Asaka Bank’s margin
Maximum term of the credit allocated from this credit line	The credit agreement is agreed individually.
Grace period granted under the project	Up to 12 months.
Commissions paid by the client to the bank for the allocated credit	Management fee - 1% of the credit amount; Commitment commission - 0.25% per annum.
The share of small business and private entrepreneurship in project financing	In the amount of not less than 15% of the project cost. Кредитор готов, при наличии одобрения руководства соответствующего Экспортно-кредитного Агентства (ЭКА) финансировать До 100% соответствующего Соглашения о покупке в течение кредитного периода До 85% соответствующего Соглашения о покупке в течение кредитного периода
Country of origin of equipment purchased on credit кредит	Member of the Organization for Economic Cooperation and Development.
Other conditions (other important conditions not provided for in this table are indicated)	The insurance policy of the National Agency for Export Credit is used as collateral for the credit line; the cost of insurance by ECMA is 8-12.5% of the credit amount.

INFORMATION ON LANDESBANK AG (GERMANY) CREDIT LINE AT ASAKA BANK

Spheres where funds of credit line were directed	Industry or agriculture.
Purpose for which funds of credit line were directed to	An export-oriented project aimed at establishing, expanding and / or reconstructing new production.
Maximum term of the credit allocated from this credit line	Not specified.
Minimum and maximum amount of credit allocated for each project	Minimum - 250,000 Euros (USD equivalent; Maximum - up to the amount of undisbursed credit line).
Annual interest payments paid by the client for the allocated credit	EURIBOR + foreign bank’s margin + Asaka Bank’s margin
Максимальный срок кредита, выделяемого по данной кредитной линии	Срок погашения кредита будет обусловлен в индивидуальном Кредитном соглашении
Grace period granted under the project	Up to 12 months.
Commissions paid by the client to the bank for the allocated credit	Management fee - 0.50% of the credit amount; Commitment commission - 0.25% per annum.
The share of small business and private entrepreneurship in project financing	In the amount of not less than 15% of the initial cost of the project.In the amount of not less than 15% of the initial cost of the project. Кредитор готов, при наличии одобрения руководства соответствующего Экспортно-кредитного Агентства (ЭКА) финансировать До 100% соответствующего Соглашения о покупке в течение кредитного периода До 85% соответствующего Соглашения о покупке в течение кредитного периода
Country of origin of equipment purchased on credit	Member of the Organization for Economic Cooperation and Development.
Other conditions (other important conditions not provided for in this table are indicated)	The insurance policy of the National Agency for Export Credit is used as collateral for the credit line; the cost of insurance by ECMA is 8-12.5% of the credit amount.

INFORMATION ON KOREAN EXPORT-IMPORT BANK (SOUTH KOREA) CREDIT LINE AT ASAKA BANK

Spheres where funds of credit line were directed	Industry and services.
Purpose for which funds of credit line were directed to	For a company with Korean capital: purchase and installation of equipment; strategic investments. For a company without Korean capital: equipment sales and service; purchase of equipment.
Minimum and maximum amount of credit allocated for each project	Minimum amount is 200 000.0 US dollars. Maximum amount is up to the amount of undisbursed credit line.
Maximum term of the credit allocated from this credit line	6 years.
Annual interest payments paid by the client for the allocated credit	Libor + foreign bank’s marging + Asaka Bank’s margin
Grace period granted under the project	1 year.
Commissions paid by the client to the bank for the allocated credit	Management fee - 0.1% of the credit amount; Commitment commission is 0.3% per annum.
The share of small business and private entrepreneurship in project financing	In the amount of not less than 25% of the total cost of the project.
Country of origin of equipment purchased on credit	South Korea.

Credit line of "Commerzbank"

The Agreement for the provision of a new Credit Line for a total of EUR 40 million was signed on September 18, 2009 between A.G. Commerzbank and Asaka Bank. These funds will be used to finance the supply of technological equipment from European countries.

Credit line of ICDPS

Meetings were organized with representatives of the ICRChS during the visit of the delegation of Asaka Bank to the head office of the ICRChS in Jeddah during the period of September 2-6, 2013. During the meetings, the parties discussed current issues on the existing credit line, and the issues of attracting of an additional credit line by the bank, as well as options and prospects for further cooperation.

IDB’s credit line

On May 17, 2013, a joint letter of appeal to the IDB was prepared by four banks: Uzpromstroybank, Asaka Bank, JSCIB Ipoteka-Bank and OJSCB Asia Alliance Bank. The letter of appeal was sent to the IDB in order to maintain cooperation and attract a new credit line in the amount of USD 100 million.