Required documents

Required documents filed together with loan application

Loan application

Passports (original) (for private entrepreneurs)

TIN certificate, state registration certificate (for corporate applicants, information on the executive body is required)

Charter (for corporate applicants)

Copies of the passports and social security cards of the shareholders and CEO/President (for corporate applicants)

Documents required after initial approval

Copies of the state registration certificates and the inserts of the Borrower and legal entities and private entrepreneurs affiliated with the Borrower

Financial statements for the latest reporting period, certified by the tax authority

For the recent reporting year (for those filing the balance sheet and the statement of comprehensive income); for the recent reporting quarter (for fixed and/or simplified tax payers)

Copy of the certificate of title or the document certifying the right to lease the premises used as place of business

Sale/supply agreements, orders, invoices, other documents supporting the normal process of sales

Licenses, certificates and other documents required for business operation (copies)

Documents certifying title to the assets (real estate and/or movable property) to be pledged

Geodetic measurement report of land plot to be pledged

Tax clearance certificate

Initial report on appraisal of real estate/vehicle

Documents required after loan approval

Copies of bases of title to real estate (to be submitted upon request)

Passports of the owners of the property to be pledged (copy of the spouse death certificate)

Bases of title to real estate

Copy of the marriage (divorce, spouse death) certificate

Statement from the State Committee of Real Estate Cadaster on encumbrance of real estate (unified statement)

Statement, issued by the Police, on encumbrance of vehicle

Pledged property appraisal report (final)

Real estate/vehicle insurance agreement (as required)

Approval of the authorized body of corporate applicant to execute loan and pledge-related transactions

Reference on registered shareholders/stockholders/founders, director and the latest amendments to the charter (for corporate applicants)

Environmental impact assessment report, technical safety report, examination reports, feasibility studies (whenever required), etc., required under the applicable Armenian laws and regulations and/or the bank’s bylaws and regulations (if the company’s activity is associated with high environmental risks)

Other documents as the bank's specialist may request

 

 

IFC Exclusion List

Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pesticides/herbicides, ozone depleting substances, PCBs, wildlife or products regulated under CITES

Production or trade in weapons and munitions [1]

Production or trade in alcoholic beverages (excluding beer and wine)

Production or trade in tobacco

Gambling, casinos and equivalent enterprises

Production or trade in radioactive materials. This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment where IFC considers the radioactive source to be trivial and/or adequately shielded.

Production or trade in unbonded asbestos fibers. This does not apply to purchase and use of bonded asbestos cement sheeting where the asbestos content is less than 20%.

Drift net fishing in the marine environment using nets in excess of 2.5 km. in length.

A reasonableness test will be applied when the activities of the project company would have a significant development impact but circumstances of the country require adjustment to the Exclusion List.

All financial intermediaries (FIs), except those engaged in activities specified below, must apply the following exclusions, in addition to IFC's Exclusion List:

Production or activities involving harmful or exploitative forms of forced labor[2]/ harmful child labor[3]

Commercial logging operations for use in primary tropical moist forest

Production or trade in wood or other forestry products other than from sustainably managed forests

* When investing in microfinance activities, FIs will apply the following items in addition to the IFC Exclusion List:

Production or activities involving harmful or exploitative forms of forced labor/harmful child labor

Production, trade, storage, or transport of significant volumes of hazardous chemicals. Hazardous chemicals include gasoline, kerosene, and other petroleum products.

Production or activities that impinge on the lands owned, or claimed under adjudication, by Indigenous Peoples, without full documented consent of such peoples.

* For trade finance projects, given the nature of the transactions, FIs will apply the following items in addition to the IFC Exclusion List:

Production or activities involving harmful or exploitative forms of forced labor/harmful child labor

[1] This does not apply to project sponsors who are not substantially involved in these activities. "Not substantially involved" means that the activity concerned is ancillary to a project sponsor's primary operations.

[2] Forced labor means all work or service, not voluntarily performed, that is extracted from an individual under threat of force or penalty.

[3] Harmful child labor means the employment of children that is economically exploitive, or is likely to be hazardous to, or to interfere with, the child's education, or to be harmful to the child's health, or physical, mental, spiritual, moral, or social development.