Medium and Long-Term Financing
To deal with the issues connected with financing of the purchase
of expensive imported equipment or implementation of construction
projects Absolut Bank offers a program of medium and long-term
financing of its clients from purpose-oriented loans provided
by western banks against the guarantees of state export-credit
agencies (ECA) in the exporter’s country (structural
financing).
The object of financing is an import contract
for the delivery of equipment, machinery, mechanisms, production
lines, mini-factories; as well as for the performance of construction
work and provision of engineering, construction supervision,
operational development, adjustment and other services.
Advantages of financing at Absolut Bank:
- possibility of financing of turnkey projects for reequipment
and upgrading of enterprises, which provide for the performance
of construction work, purchase of expensive imported equipment,
engineering, etc.;
- lower cost of borrowings (compared to usual lending);
- long lending period;
- convenient terms and conditions for loan repayment (in equal
semi-annual installments. The first payment is to be made 6 moths
after the date of the delivery/installation/acceptance);
- wide financing geography;
- "Successful Experience of Absolut Bank in Cooperation with
Foreign Banks and ECA";
- assistance in the search for foreign partners for the implementation
of construction projects;
- flexible approach to the analysis of a borrower;
- maximum period from receipt of a loan application to the delivery
of the final decision not exceeding 2 months.
Main terms and conditions of financing:
- amount: from 100 thousand to 15 million Euro/USD;
- the loan shall cover up to 85% of the cost of a commercial
contract. The remaining part (minimum 15%) shall be advanced
by an importer from its own funds;
- financing period: from 1 to 7 years;
- cost of financing: from 7% p.a. + LIBOR/EURIBOR.
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