Foreign Credit Lines
Terms of the Credit Line of Asian Development Bank for the project 'Development of the Value-Added Chain in the Fruit and Vegetable Sector
Purpose of using the Credit line | Development of agriculture in Uzbekistan, including the creation of intensive gardens, greenhouses and refrigeration complexes, as well as financing projects for processing of fruits and vegetables |
Minimum and Maximum Amount of Credit | The maximum credit amount is up to 5.0 million US dollars |
The maximum term of the Line of Credit | Based on the payback period of the project: up to 7 years |
Annual percentage rate | Foreign bank’s margin (3%) + margin of National Bank. Total: approx. 6-7% |
Grace period for the project | 2 years |
Other conditions | Credit funds are allocated only for funding investment projects (not for replenishment of working capital) |
Terms of the Credit Line of International Bank for Reconstruction and Development for the project 'Development of Fruit and Vegetable Farming
Purpose of using the Credit line | Development of agriculture in Uzbekistan, including the creation of intensive gardens, greenhouses and refrigeration complexes, as well as financing projects for processing of fruits and vegetables |
Minimum and Maximum Amount of Credit | The maximum amount is up to 2.0 million US dollars (4 million US dollars for cluster projects) |
The maximum term of the Line of Credit | Based on the payback period of the project: up to 7 years |
Annual percentage rate | Foreign bank’s margin (Libor - floating spread + Ministry of Finance’s margin - 0.2%) + National Bank’s margin. Total: about 6-7% |
Grace period for the project | up to 3 years |
Terms of the Line of Credit of the International Bank for Reconstruction and Development for the project 'Modernization of Agriculture in Republic of Uzbekistan
Purpose of using the Credit line | Creating intensive gardens and vineyards; Processing, packaging, storage, transportation of products and purchase of refrigerators trucks; Implementation of modern energy-efficient irrigation systems, water-saving technologies of drip and sprinkler irrigation in open areas outside of modern greenhouses |
Minimum and Maximum Amount of Credit | The maximum amount is 1.0 million US dollars (2.0 million US dollars for cluster projects), up to 250 thousand US dollars for replenishment of working capital |
The maximum term of the Line of Credit | Based on the payback period of the project: up to 10 years |
Annual percentage rate | Foreign bank’s margin (Libor + floating spread + Ministry of Finance’s margin - 1%) + National Bank’s margin. Total: about 7% |
Grace period for the project | up to 3 years |
Landesbank Baden-Wuerttember (Germany)
Purpose of Credit Line | 85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries |
Minimum and maximum amount | Maximum amount up to 50,0 mln EURO/USD, Minimum amount from 2,0 mln EURO/USD |
Maximum term of credit line | 5-7 years |
Interest rate | 6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5% |
Project grace period | 6 months after commissioning |
Management fee | 0.8% of credit amount |
Commission for untapped credit amount (per obligation) | 0.8% p.a. |
Other provisions | The project provides insurance coverage up to 8-9% of the credit amount |
Commerzbank AG
Purpose of Credit Line | 85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries |
Minimum and maximum amount | Maximum amount is not provided, Minimum amount from 2,0 mln EURO/USD |
Maximum term of credit line | 5-7 years |
Interest rate | 6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5% |
Project grace period | 6 months after commissioning |
Management fee | 0.8% of credit amount |
Commission for untapped credit amount (per obligation) | 0.8% p.a. |
Other provisions | The project provides insurance coverage up to 8-9% of the credit amount |
AKA Bank
Purpose of Credit Line | 85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries |
Minimum and maximum amount | Maximum amount is not provided, Minimum amount from 400 thous. EURO/USD |
Maximum term of credit line | 5-7 years |
Interest rate | 6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5% |
Project grace period | 6 months after commissioning |
Management fee | Individually for every project |
Commission for untapped credit amount (per obligation) | Individually for every project |
Other provisions | The project provides insurance coverage up to 8-9% of the credit amount |
Eximbank of Korea
Purpose of Credit Line | 85% of the contract for the purchase of goods, equipment and services from Korea |
Minimum and maximum amount | Minimum and maximum amounts are not provided |
Maximum term of credit line | 5-7 years |
Interest rate | 6 month Libor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 10-11% |
Project grace period | 6 months after commissioning |
Management fee | 0.2% of credit amount |
Commission for untapped credit amount (per obligation) | 0.5% p.a |
Eximbank of Turkey
Purpose of Credit Line | 85% of the contract for the purchase of goods, equipment and services from Turkey |
Minimum and maximum amount | Minimum and maximum amounts are not provided |
Maximum term of credit line | up to 10 years |
Interest rate | Libor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 9 -10% |
Project grace period | 6 months after commissioning |
Management fee | 0.2% of credit amount |
Commission for untapped credit amount (per obligation) | 0.5% p.a |
Other provisions | The project provides insurance coverage up to 8-9% of the credit amount |
China Development Bank (USD)
Purpose of Credit Line | 100% of the contract for the purchase of goods, equipment and services from China (50% minimum) |
Minimum and maximum amount | Maximum amount is not provided, Minimum amount from 100 thous. USD |
Maximum term of credit line | up to 9 years |
Interest rate | 6-month Libor + margin of CDB 3.2% p.a.+ margin of the NBU. Total appoximately 9-10% |
Project grace period | up to 3 years, but not later than June 5, 2021 |
Management fee | 0.3% of credit balance |
Commission for untapped credit amount (per obligation) | Foreign bank advance commission (Upfront fee) - 0.5% of the credit amount |
China Development Bank (RMB)
Purpose of Credit Line | 100% of the contract for the purchase of goods, equipment and services from China |
Minimum and maximum amount | Maximum amount is not provided, Minimum amount from 100 thous. RMB |
Maximum term of credit line | up to 5 years |
Interest rate | Per annum rate if CDB 4,8% + margin of the NBU |
Project grace period | up to 2 years |
Management fee | 0.5% of the credit amount, one-time payment |
Commission for untapped credit amount (per obligation) | 1% p.a |
European Bank of Reconstruction & Development
Purpose of Credit Line | For purchase of goods, equipment and services |
Minimum and maximum amount | Maximum amount up to 2,0 mln. USD, Minimum amount is not provided |
Maximum term of credit line | up to 4 years |
Interest rate | 6-month Libor + foreign bank margin (3.0%) + NBU margin. Total approximately 8-9% |
Project grace period | up to 1 year |
Management fee | 1% of credit amount |
Commission for untapped credit amount (per obligation) | 0,5% |
Other provisions | Textile industry is not funded |
