Credits

Crediting

Credits represent money resources given by the bank CB " COMERTBANK " JSC to the clients on a returnable basis for an effective utilization, for a special purpose, and with the payment of interests.

Who can receive a credit from CB "COMERŢBANK" JSC?

• Corporate clients;
• Representatives of small and average business;
• Individuals

The basic credit products offered by CB "COMERŢBANK" JSC:

• Revolving credit lines meant to increase the working capital and extend the economic activities;
• Credit lines for building and for works of reconstruction;
• Credits for purchasing equipment;
• Credits for purchasing vehicles;
• Credits for purchasing real estate;
• Consumer credits;
• Overdrafts ;
• Guarantees.

Stages of receiving a credit:

• Contacting a bank representative from the credit department;
• Drawing up a credit case and estimation of the offered guarantees;
• The analysis of solvency, possibility to return the credit and sufficiency of the proposed guaranties on the basis of the documents given to the Bank by the potential Debtor;
• The statement of the Application for receiving a credit;
• Drawing up the credit contract and the contract of guarantee according to the rules of  the Bank and according to the current legislation
• Offering the credit.

Credits offered to legal entities

Minimal requirements to potential Debtors:

• Current economic activity;
• Liquid balance and profitable activity (usually);
• Absence at the moment of submission of the application of delayed debts to the State Budget and to the Bank.
• Positive credit history;
• The potential Debtor should be or become a client of the Bank.

Tariffs for the credit services given to legal persons, are submitted in section "Tarrifs"

The list of the documents that must be presented by the potential Debtor together with the application for a credit from CB "COMERTBANK" JSC (legal entities and individual businessmen)

The potential Debtor should give the Bank the original documents.

At the decision of the Bank a part of the documents will stay in the Bank before the credit and other debts connected with it will be fully returned. Other documents will be returned to the potential Debtor, and replaced with copies, certified by wet seals and the signature of the potential Debtor. (this requirement is also valid for the documents presented by the Debtor to the Bank during the return period of the credit).

I. The general information about the potential Debtor

The name of the document:

• The application for the credit (the application form of  the Bank);
• The copy of the identification card of the director, the chief accountant and founders of the firm.

II. Organizational and legal characteristics:

The name of the document:

• The new certificate of the enterprise; 
• Extract from the State Register of  Enterprises and Organizations containing  information: about the director, founders, shares in the authorized capital and types of activity for the current date (for societies with limited liability, individual businessmen);
• Extract from the Register of Shareholders (joint-stock company);
• The report, confirming the election of the members of Council (for joint-stock companies,  if  the Council is the authority to decide about the attraction of the credit);

The name of the document:

• The power of attorney for the authorized representatives of the firm or  the founders certified by the notary;
• The order on assignment in  function the chief accountant;
• The potential debtor -Joint venture (Ltd):
• Founders non-residents (individuals):
• Copy of the identity card; 
• Founders non-residents (legal entities):
• Constituent documents;
• Extract from the Register of the Enterprises of the country of the non-resident compan y  containing the information on founders, the director and the legal address of the company;
• The decision on empowering the manager to take the decision in RM , or a notarial certified decision, if the authorized person is not the manager.

The report confirming the conditions:

• Of the credit contract: sum, purpose, term, interest rate, and the guarantees of the contract;
• Guarantee;
• Concession of funds from the accounts of the potential Debtor;
• Other forms of guarantee:
• The contract of the mortgage (the mortgage - property of the potential Debtor):
• Market cost; 
• Mortgaging cost; 
• The provided obligation: the credit contract ______, the sum of credit: ____, the return term of the credit ______, the Debtor _______;
• The certificate confirming the opening of the credit account (in accounts department of the Bank);
• The certificate confirming the absence / existence of debts against the State (local) budget and Social fund;
• The certificate of the Ministry of Internal Affairs on the criminal liability and the information on criminal prosecution of the director and the chief accountant of the company (depending on a case);
• Licenses, authorizations giving the right to carry out the current activity and the activity within the framework of the financed project (depending on a case);
• Additional documents if the purpose of the credit is:

а) Construction:

• Authorization for construction;
• The authorized civil-engineering design, indicating the budget cost of the construction;

b ) Capital repair or reconstruction:

• The document certifying the property  right  (or rent) on the real estate subject to be repaired;
• Budget cost of repair or reconstruction;

c ) Purchase of the real estate:

• The preliminary contract, or the contract of sale and purchase or others similar documents

III. Documents on financial and economic activities of the potential Debtor

The name of the document:

• The financial reports made on the end of last fiscal year and quarterly reports of the current year with appendices:
• Balance sheet with appendices: debitor debts , creditor debts and the basic means;
• The income statement;
• The cash flow report;
• In case of occurrence of losses an explanatory note about the reasons of losses;
• Excerpts from accounts in other banks;
• The information on the financed project (the data card of Bank);
• Contracts on the rent obligations concerning industrial activity /  rendering of services or contracts on the property rights on industrial buildings (occasionally).

IV. The information about  financial and economic planning:

The name of the document:

• The business - plan or the feasibility report on the financed project;
• The schedule of returning  the credit;
• The contract that will confirm that the credit is used according to its purpose and other contracts made with suppliers, partners, including the ones related to the financed project.

V. The guarantee of the credit

The name of the document:

The documents confirming the property right on the  incorporated property:

a) The real estate:

• Identification cards of proprietor - individuals;
• Extract from the Register of real estate;
• The inventory book;
• The consent of the body of trusteeship and guardianship to the pledge of real estate if minor children participated in privatization;
• The document confirming the property rights on the land or the right to transfer to a mortgage the land possession rights;
• Estimation of the market cost of the incorporated property performed by an independent expert;
• Extract received from the tax bodies confirming the payment of the real estate tax (the Debtor - Individual), or confirming the absence / existence of debts to the state (the Debtor - legal entity);

b) Vehicles:

• Extract from the Department of Information Technologies about the absence of interdictions;
• Copy of the certificate of registration of the vehicle;
• Confirmation that the vehicle has passed the technical checkup;
• Insurance policy of the vehicle for the benefit of  the Bank (usually);
• Estimation of the market price of the vehicle, carried out by an independent expert (usually);

c) G oods, raw material, equipment:

• The list containing: the amount, number, volume, year of release, market cost, balance cost, etc.
• The documents confirming the property right (invoices etc.)
• Documents confirming the guarantee period, the validity of the goods
• For the imported goods: the invoices , customs declarations
• Certificates of quality, conformity
• Estimation of market cost of the incorporated property, carried out by an independent expert (usually).

VI. If the potential Debtor is a third party (legal entity) the following documents should be submitted:

• Copy of the identification card of the director, the chief accountant and the founders;
• The new certificate of the enterprise;
• Extract from the State Register of  Enterprises and Organizations containing the information: about the director, founders, shares in the authorized capital and types of activity (for societies with limited liability, individual businessmen) for the current date;
• Extract from the Register of Shareholders (joint-stock company);
• The power of attorney on the authorized representatives of firm or the founders, certified by the notary;
• The report confirming the election of the members of Council (for joint-stock company,  if the Council is deciding authority in attraction of the credit);
• The order on assignment of the chief accountant;

The potential depositor joint venture (Open Company):

• Founders non-residents (individuals):
• Copy of the identity card;
• Founders non-residents (legal entities):
• Constituent documents;

The name of documents:

• Extract from the Register of  Enterprises of the country of the non-resident , containing the information on founders, the director and the legal address;
• The decision that permits the manager to take decisions  in the territory of The Republic of Moldova , or notarially certified decision if the authorized person is not the manager.
• The report  stating the conditions:
• The contract of a pledge (the pledge - property of the potential Debtor):
• Market cost;
• Mortgaging cost _____;
• The provided obligation: the credit contract ______, the sum of credit: ____, the return term of the credit ______, the Debtor _______;
• Balance sheet for the last date;
• The guarantee: the Copy of the document confirming the property right on the real estate, a vehicle, etc.

Note:

•  The bank has the right to ask the potential Debtor for any document concerning granting of the credit;
•  The bank  will make for each potential Debtor an individual list of documents depending on the purpose of the credit, on the legal form of the potential Debtor, and on the credit guarantees, which should be submitted together with the application for credit.

Contact phone: (+373 22)28-06-58