Bank guarantee

Prompt issue for all business occasions

Period of validity up to 3 years

You can get a bank guarantee in ANORBANK for up to 36 months

Small commission

Bank commission is only 0.5% of the amount of the guarantee provided

Low percentage

The bank guarantee rate is only 6% per annum with no hidden payments

Renewable warranty

Upon expiry of the issued warranty , you can get a new

Loan conditions

Types of Guarantee

Guarantee for deferred payment of customs duties
Advance payment guarantee
Guarantee against the risk of non-repayment of a credit in another bank
Guarantee for a tender proposal/bid security
Guarantee of contract/ agreement performance

Currency of Guarantee

The national currency of the Republic of Uzbekistan is Uzbek soum.

Maximum amount of the Guarantee

It depends on the financial condition of the Principal, its business volume.

Guarantee Period

It is determined on the basis of the agreement between the Principal and the Beneficiary, but not more than 36 months

One-time guarantee fee

0.5% of the guarantee amount

Guarantee service fee

6% per annum

Procedure for repayment of the guarantee service fee

monthly

Security

A pledge of property (including personal and third parties' property of legal entities and individuals) can be the guarantee:
immovable property;
vehicles;
deposit (in national and/or foreign currency);
special equipment;
other liquid assets.

Other types of securities that are not prohibited by the legislation of the Republic of Uzbekistan can act as credit securities. A combined security is possible.

Security registration

All costs for the registration of security shall be borne by the borrower/ pledger

Period for consideration of credit application

3 days

Borrower requirements

Who can get a credit?

1. Business entities (legal entities) registered in accordance with the procedure established by the legislation of the Republic of Uzbekistan.
2. Demand deposit account opened in ANOR BANK JSC.
3. No negative credit history.
4. The term of work and official registration of the business should not be less than 6 months.
5. Enterprises that have a profit from their business and a liquid balance sheet.
6. The adequacy of the projected cash flows for the project.
7. Business entities that have an audit report with positive conclusion upon the completion of the financial year.
8. Appropriate permits and licenses for the business activities carried out, if the client's business activities are subject to licensing.

Security requirements

Security requirements

- a security is accepted for a total amount of at least 125% of the guarantee amount;
- a security is accepted in the amount of at least 130% of the guarantee amount for guarantees provided to persons associated with the bank.

Collateral

- must be free from any encumbrances

Requirements for the pledge of real property

- there must not be any registered persons (temporary or permanently registered)

Loan granting procedure

Obligatory conditions for submitting the Guarantee

The guarantee is provided after approval of the transaction by the relevant bank departments, conclusion of the agreement and registration of the security in the manner and form that satisfies the bank and in accordance with the current legislation of the Republic of Uzbekistan.
The bank's guarantee shall be prepared on the registrable form

List of documents for obtaining a credit and providing a security

List of documents for obtaining a credit:
  • Application for a guarantee;
  • Constituent Documents (Articles of Association, Memorandum of Association) and all additions and amendments thereto;
  • License, if the Borrower's business activity is subject to licensing;
  • Minutes of the General Meeting of Founders relating to the obtaining of a guarantee, providing of a security and the powers of the director/responsible persons to sign the credit and security documents (original copy);
  • Passports of founders, senior manager (director) and chief accountant;
  • Financial statements (balance sheet, profit and loss statement, reconciliation reports for the debts overdue by more than 90 days) for the last financial year and operational financial statements as of the last reporting date;
  • An audit report on the results of the last three financial years;
  • Business plan including the analysis of cash flows for the entire period of the guarantee use;
  • Certificate of cash flow on accounts opened with other banks for the last 12 months, information on the Card File-2, information on loan debt (credits, guarantees, letters of credit, leasing and other financial obligations), specify if the main/secondary deposit account of the Borrower is serviced in other banks;
  • Security documents;
  • Other documents requested by the bank.


List of documents for pledging the property (when the pledger is a legal entity):
  • Constituent Documents (Articles of Association, Memorandum of Association) and all additions and amendments thereto;
  • Minutes of the pledger founders with the consent to pledge the property and with stating the powers of the director/responsible persons to sign the pledge documents;
  • Passports of founders, senior manager (director) and chief accountant;
  • Documents on the right of ownership of the pledged property:
    - cadastral documents for the property;
    - vehicle /special equipment registration certificate and etc.
  • Report of an independent appraisal company determining the market value of the pledged assets. If vehicles, special equipment, apartments in multi-storey buildings, residential and office buildings are pledged, and the pledger has no state share, the report of the independent appraisal company is not provided.


List of documents for pledging the property (when the pledger is an individual):
  • Owner's passport;
  • Documents on the right of ownership of the pledged property:
    - cadastral documents for the property;
    - vehicle /special equipment registration certificate and etc.
  • Report of an independent appraisal company determining the market value of the pledged assets. If vehicles, special equipment, apartments in multi-storey buildings, residential and office buildings are pledged, the report of the independent appraisal company is not provided.
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Types of guarantees

  • Guarantee for deferred payment of customs duties
  • Advance payment guarantee
  • Guarantee for the risk of non-repayment of a credit in another bank
  • Guarantee of securing a tender / bid proposal
  • Guarantee of contract / agreement performance

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