Tariffs
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Import Tariffs
Documentary Credits (DC)
| Issuance |
0.5% of DC amount for first quarter or a part thereof, and 0.15% per month thereafter, min. AMD 30,000 |
| Amendment |
- AMD 25,000
- In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable
- Cancellation is considered as an amendment
|
| Payment commission |
In accordance with Tariff of Charges of the Bank |
| Discrepancies |
AMD 35,000 levied on each set of discrepant documents presented |
| Usance (DPB) |
- 0.5% of the bill amount per month and proportionally for extra period, min AMD 30,000
- For cash-covered bills: 1% of bill amount per annum, min AMD 15,000
- Early partial settlement of usance bills AMD 5,000
|
| Overdue commission |
0.1% per month calculated proportionally on bill amount if payment/disposal instructions are not received within 2 banking days after the date of advice of discrepancies |
| Document checking |
Free of charge |
Standby Letters of Credit (SDC)
| Issuance |
- For cash-covered SDC: 1.5% of the credit amount per annum, min. AMD 10,000
- For SDCs covered by bank guarantees: On contractual basis
- For non-cash covered SDCs: 6% of credit amount per annum, min. AMD 30,000
- In case of confirmation of SDC confirming bank’s charges will be additionally charged to the customer
|
| Amendment |
- AMD 25,000
- In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable
- Cancellation is considered as an amendment
|
| Payment commission |
0.3% of the amount claimed min. AMD 30,000 |
Documentary Collections
| Advising |
0.2% of collection amount, min. AMD 15,000 |
| Amendment |
- AMD 15,000
- In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable
- Cancellation is considered as an amendment
|
| Payment commission |
In accordance with Tariff of Charges of the Bank |
| Avalisation of Drafts |
6% of Draft amount per annum, min. AMD 30,000 |
Export Tariffs
Documentary Credits (DC)
| DC/DC amendment advising |
AMD 25,000 account(s) servicing one-off fee |
| Presentation commission |
0.2% of the bill amount, min. AMD 25,000 |
| Inward remittance fee |
AMD 6,000 |
| Discrepancies |
AMD 10,000 levied on each set of discrepant documents presented |
| Export loans under DC |
AMD 25,000 account(s) servicing one-off fee and agreed annual interest rate 12-18%, term up to 1 year |
| Negotiation |
- 0.25 % of the bill amount, min. AMD 25,000 plus agreed annual interest rate 10-12%, term up to 1 year. Presentation fee is waived
|
| Confirmation |
To be agreed on case by case basis |
Transfer of Documentary Credits
| Transfer of the whole credit (without substitution) |
0.5% of DC amount, min. AMD 30,000 |
| Partial transfer of the credit (with or without substitution) |
0.5% of transferred DC amount, min. AMD 30,000 |
| Amendment |
- AMD 25,000
- In addition 0.5% will be levied for amendments involving increase in DC amount on the increased amount
|
| Discrepancies |
AMD 35,000 levied on each set of discrepant documents presented |
| Presentation fee |
0.2% of the bill amount, min AMD 25,000 |
| Inward remittance fee |
AMD 6,000 |
| Payment commission |
In accordance with Tariff of Charges of the Bank |
Documentary Collections
| Issuance |
0.2% of collection amount, min. AMD 15,000 |
| Amendment |
- AMD 15,000
- In addition 0.2% will be levied for amendments involving increase in amount on the increased amount
|
| Inward remittance fee |
AMD 6,000 |
| Discounting of avalised drafts |
AMD 25,000 account(s) servicing one-off fee and agreed annual interest rate 12-18%, term up to 1 year |
BG Tariffs
For Bank Guarantees issued to the Beneficiaries in Armenia
Issuance
- 1-45 days 0.25% of BG amount
- 46-75 days 0.75% of BG amount
- 76-180 days 1.25% of BG amount
- 181-365 days 1.75% of BG amount
- over 365 days. To be agreed on contractual basis
Minimum AMD 10,000 commission will apply
For Bank Guarantees issued to the Beneficiaries outside Armenia
- For cash covered guarantees: 1.5% of guarantee amount per annum, min. AMD 10,000
- For BG secured by third bank guarantees: To be agreed on contractual basis
- For non cash covered guarantees (blank guarantees included): 6% of guarantee amount per annum, min. AMD 30,000
- In case of confirmation of BG confirming bank’s charges will be additionally charged to the customer. Issuance fee is calculated for the entire period of the counter-guarantee of the Bank
| Amendment |
- AMD 25,000
- In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable
- Cancellation is considered as an amendment
|
| Payment under demand |
0.3% of the amount claimed min. AMD 30,000 (only for the guarantees issued by the Bank) |
| Advising |
AMD 30,000 |
| Advising of guarantee amendment |
AMD 15,000 |
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