Industrial Mortgage

The "Industrial Mortgage" credit product will expand the opportunity for industrial cluster enterprises to acquire real estate for production purposes

Target Group

Industrial enterprises

Target Purpose

Аcquisition of industrial real estate, including land plots for the construction of facilities

Financing Sector

Economic entities operating in the following priority sectors:
• mining industry;
• industry and processing;
• production, transmission and distribution of electricity, gas, and water.

Currency of Financing

KGS

Financing Term

Up to 10 years (120 months)

Interest Rate

From 10 (ten) % per annum

Financing Amount

Maximum loan amount per Borrower or group of connected borrowers – up to KGS 1.0 billion
• Minimum loan amount is – KGS 20.0 million

Options

Equity Contribution
The project initiator must make an equity contribution to the acquisition of real estate in the amount of at least 20% of the real estate value
Financing Collateral
• Acquired real estate property Additional collateral may include:
• State guarantee, guarantees of international financial institutions, banks, and OJSC "Guarantee Fund";
• State securities of the Kyrgyz Republic;
• Real estate, including land plots;
• Equipment, vehicles;
• Other types of collateral in accordance with the Bank's Credit Policy.
Collateral Valuation
• Valuation of collateral value is carried out by an independent appraisal company included by the Bank in the list of partner companies published on the Bank's website;
• The date of the collateral valuation must not exceed 6 (six) months as of the date of submission of the financing application.
Repayment Schedule
• Principal amount – monthly, quarterly;
• Interest – monthly, quarterly.
Grace Period
• Principal amount – up to 24 months.
Collateral Insurance
Mandatory
Interest Rate in Case of Non-Targeted Use of Loan Funds
In case of non-targeted use of loan funds, the interest rate increases to 20% per annum. The Bank reserves the right to submit information regarding the non-targeted use of loan funds by the client to Credit Bureaus.
Restrictions
• The Bank does not provide:
o unsecured credit;
o credits to individuals;
o credits in the presence of overdue obligations on previously issued loans;
o credits to the Ministry of Finance of the Kyrgyz Republic, the Cabinet of Ministers of the Kyrgyz Republic, other state bodies, and local self-government bodies.
• The Bank also does not finance:
o gambling business;
o military industry;
o areas where forced child labor is used;
o activities associated with financing criminal activity and money laundering (legalization) of criminal proceeds;
o trade, production, and other activities related to the use of weapons;
o types of activities prohibited by the legislation of the Kyrgyz Republic.

*The Bank reserves the right to amend the terms of this Program

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