The program provides for the provision of loans by the Bank to the State Leasing Company OJSC to finance lessees using funds from the Development Bank of the Republic of Belarus.

Credit product Program "Leasing financing through the Development Bank of the Republic of Belarus"

Content

Own contribution
The lessee partner's own contribution in monetary terms must be at least 15% of the cost of the goods.
Financing collateral can be
• State guarantee, guarantees of international financial institutions, banks and JSC "Guarantee Fund";
• Government securities of the Kyrgyz Republic;
• Real estate, including land plots;
• Equipment, vehicles;
• Credit portfolio of partner banks;
• Sureties of third parties, the acceptability of which is assessed by the Bank in accordance with the Bank's Collateral Policy;
• Other types of security in accordance with the Bank's Credit Policy
Repayment schedule for a partner
• Annuity payments
• Individual schedule:
- for interest - on a monthly basis;
- for principal - at least twice a year
Repayment schedule for lessees
According to the requirements of the partner's regulatory documentation
Insurance
The need to insure the leased item is determined by the authorized body of the partner.
Special conditions
• Financing is carried out by transferring funds from the BRRB directly to Belarusian suppliers;
• Reverse export of purchased equipment outside the Kyrgyz Republic is prohibited;
• Financing of goods/services prohibited for import according to restrictive measures (sanctions) is not carried out.
Responsibility for the return of borrowed funds by lessees
The partner fully assumes the risk of non-repayment of the lease by lessees.
Restrictions for the Bank
The Bank does not provide:
• unsecured loans;
• loans to individuals;
• loans in the presence of overdue obligations on previously issued loans;
• loans to the Ministry of Finance of the Kyrgyz Republic, the Cabinet of Ministers of the Kyrgyz Republic, other government agencies and local governments. The Bank also does not finance:
• gambling business; • military industry;
• areas where forced child labor is used;
• activities associated with the financing of criminal activity and the legalization (laundering) of criminal proceeds;
• trade, production and other activities related to the use of weapons;
• types of activities prohibited by the legislation of the Kyrgyz Republic.
Restrictions for the partner
The partner does not provide:
• Leasing to individuals;
• Leasing in the presence of overdue obligations on previously issued leases/loans;
The partner does not finance:
• gambling business;
• military industry;
• areas where forced child labor is used;
• activities associated with the financing of criminal activity and the legalization (laundering) of criminal proceeds;
• trade, production and other activities related to the use of weapons;
• types of activities prohibited by the legislation of the Kyrgyz Republic.

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