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LONG TERM PERMANENT WORKING CAPITAL FINANCING
Loan purpose: financing permanent working capital where the borrower needs to maintain a permanent level of inventory over a longer period of time.
Maturity: up to three years
Loan currency: KM, with EUR-indexation clause
Availability period: up to 6 months
Grace period: up to 6 months
Repayment method: equal monthly instalments
Utilisation method: in one single tranche or several tranches
Other conditions: as agreed with the Bank
REVOLVING LOAN “13+12”
Loan purpose: working capital financing
Maturity: up to 25 months
(if the customer fails to repay at least 30% of the total outstanding balance on the first due date, then the whole loan amount falls due for payment and will no longer be available for use)
Loan currency: KM
Repayment method: at the end of the loan tenor (on a revolving basis)
Utilisation method: in one single tranche or in several tranches; the funds are made available for a period of 13 months and may be renewed for additional 12 months after the first year has expired.
Other conditions: as agreed with the Bank
INVESTMENT FINANCING
Loan purpose: financial support for investments, including the refinancing of the investor’s own funds already invested
Maturity: up to 7 years
Loan amount:
- a maximum of 75-80% of the investment amount
- the investor’s own share of funds has to be equal to 20-25% of the total investment amount
Loan currency: KM with EUR-indexation clause
Availability Period: up to 12 months
Grace period: up to 12 months
Repayment method: as per repayment schedule
Utilisation method: in one single tranche or several tranches
Other conditions: as agreed with the Bank
HOUSING PROJECT FINANCING
Loan purpose: financing housing construction projects
Maturity: up to 2 years
Loan amount:
- a maximum of 65-80% of the project amount fixed on the basis of the main project
- the investor’s own share of funds has to be equal to 20-35% of the total investment amount
Loan currency: KM with EUR-indexation clause
Availability period: up to 12 months
Grace period: up to 12 months
Repayment method: as per repayment schedule or on the basis of a pre-defined repayment pace that matches the inflow of payments from housing unit buyers
Utilisation method: several tranches
Other conditions: as agreed with the Bank
LOAN SECURED WITH CASH ON DEPOSIT "PLUS LOAN"
Loan purpose: financing capital assets and permanent working capital
Maturity: up to 7 years
Amount of the term deposit: 10% or 20% of the approved loan amount
Currency of the deposit: EUR
Availability period: one single drawdown
Repayment method: as per repayment schedule (equal monthly annuities)
Utilisation method: disbursement in one single tranche, whereby 80% or 90% of the total loan amount is paid to the customer's transaction account, while the remaining 10% or 20% is placed on deposit as a non-interest bearing term deposit
Other conditions: as agreed with the Bank
CAR LOAN
Loan purpose: financing the purchase of a new or used car (not older than 5 years (car’s age + maturity = a maximum of 8 years) through car dealers that have signed a Car Financing Protocol with us.
Maturity:
- up to 3 years
- up to 5 years
Loan amount: up to the amount specified in the pro-invoice
Loan currency: KM, with EUR-indexation clause
Repayment method: as per repayment schedule (equal monthly annuities)
Utilisation method: cash-less transfer to the car dealer’s account
Other conditions: as agreed with the Bank
CAR LOAN WITH UNIQA CASCO INSURANCE
Loan purpose: financing the purchase of a new or used car (not older than 5 years (car’s age + maturity = a maximum of 8 years) through car dealers that have signed a Car Financing Protocol with us.
Maturity: up to 3 years
Loan amount: up to the amount specified in the pro-invoice
Loan currency: KM, with EUR-indexation clause
Repayment method: as per repayment schedule (equal monthly annuities)
Utilisation method: cash-less transfer to the car dealer’s account
Other security instruments:
- a non-protest promissory note
- a personal guarantee by the company owner or manager
- comprehensive motor insurance with the policy endorsed to the bank (required for all loans over KM 15,000)
Other conditions: as agreed with the Bank
Additional benefits: UNIQA Osiguranje offers the customer the possibility to:
- get a 20% discount on the amount of the casco car insurance
- get a three-year casco insurance policy at very favourable conditions, including theft cover
- get additional discounts in accordance with the Terms and Conditions for Casco Insurance
On top of the 20% discount, UNIQA insurees can get these additional benefits:
- a 10% discount for a built-in alarm system
- in the fourth and the fifth year of casco insurance, cars can get eligible for a new scale of additional discounts from UNIQA's casco insurance program
LOANS TO MUNICIPALITIES AND PUBLIC UTILITY COMPANIES
Loan purpose: long term loans for renewal or improvement of the local infrastructure (water and water supply & sewerage system; solid waste disposal; roads; heating plants; public transportation; energy efficiency improvement in schools, hospitals and other municipality buildings; replacement of public lighting; improvement and expansion of local road networks; sports facilities, public markets)
Maturity: up to 10 years
Loan amount:
- a minimum of: KM 100,000
- a maximum of: KM 2,000,000
(the loan amount shall not exceed 90% of the investment costs related to the sub-project)
- the borrower’s own share in the project financing: the borrower must pay in at least 10% of the project cost amount, payment must be made in cash,
in an amount equal to the value of the project land or equipment or machinery purchased in anticipation of the loan.
Loan currency: KM, with EUR-indexation clause
Other conditions: as agreed with the Bank
REVOLVING LOAN FOR MICROCREDIT ORGANISATIONS
Loan purpose: financing the customer’s portfolio – micro loans
Maturity: up to 2 years
Loan currency: KM
Utilisation method: on a revolving basis
Other conditions: as agreed with the Bank
ENERGY EFFICIENCY LOANS – EBRD WESTERN BALKANS SUSTAINABLE ENERGY CREDIT LINE FACILITY
Purpose:
- Industry Energy Efficiency Projects – replacement of old boilers by new efficient ones, switch from electricity heating to fuel based direct heating, installation of absorption chillers and enhancing the efficiency of existing chillers, improvement of thermal plants, improvement of insulation, replacement of windows, implementation of partial solar-thermal heating, replacement of old electric motors with new efficient ones
- Building Energy Efficiency Projects - replacement of old and low efficient boilers by new efficient ones, implementation of on-site micro-cogeneration/tri-generation, rehabilitation of heat substations and implementation of heat meters, implementation of building management systems, replacement of existing windows with new, double-glazed windows, low-emission glazing, thermal insulation of the building envelope (external walls, roofs, basements), replacement of existing heating system with a new one (thermal insulation of pipes, tanks and machinery equipment), placement of existing low efficient energy using processes with new ones, replacement of existing lighting with high efficient one (dimming, presence sensors, algorithmic lighting), additional shading (jalousies, structural elements, etc.), air-volume air-conditioning systems, installation of rolling doors.
- Renewable Energy Projects - solar-thermal water systems, solar-thermal drying systems, biomass combustion systems generating heat and/or electricity, gas engines using biogas, geothermal heat pumps, solar-thermal water systems for the production of hot water for industrial processes and/or space heating/cooling, biogas stations, geothermal heat pumps
On a case by case basis: small hydropower plants (not exceeding 2MW ) or small wind turbines; the terms of these transactions will be arranged separately between the bank and the customer.
Sector specific eligibility criteria
Eligible investments are investments contributing to the improvement of the energy performance of buildings or industry sector, which comply with at least one of the following eligibility criteria:
- An energy saving ratio equal or greater than 20%, as measured on an annual basis;
- A reduction of greenhouse gazes emissions measured in tonnes equivalent of CO2 equal or greater than 20%, as measured on an annual basis.
Eligible borrowers are legal entities that are:
- registered in B&H;
- privately owned, i.e. not majority-owned or controlled by the state;
- creditworthy according to the Bank's business policy.
Proceeds of this credit line may not be used to finance:
- public corporations and local self-government units
- companies that are majority-owned or directly controlled by the state
- refinance the existing debt of the customer
- the purchase, rent or leasing of land and existing buildings
- fines, financial penalties and expenses of litigation
- second hand equipment
- any leasing costs
- investments in new buildings that are already subject to energy efficiency standards set at country level
- investments referred to in the exclusion list of the EBRD
To ensure that eligible projects are satisfactorily completed and the required energy efficiency is achieved, the EBRD has secured free project consultancy for all prospective borrowers.
The consultancy support consists of:
- identifying eligible projects and providing help in developing them to ensure that all existing requirements are met;
- evaluating the project's technical and financial sustainability;
- preparing the Energy Audit and Rational Energy Utilization Plan for every eligible project, where necessary;
- preparing opinions and proposals regarding compliance with the project eligibility criteria for loans from the EBRD credit line;
- after project completion, designated verification consultants will verify that the objectives of the EBRD credit line are met by checking and confirming that the project has been completed in accordance with the relevant Rational Energy Utilisation Plan.
By appropriately spending the proceeds of this credit line, the borrower not only saves energy costs but also becomes eligible for a completion fee from the EBRD (15% to 20% of the loan amount) based on the consultant’s verification.
Storeis about succesful implementation of projects from this credit line:
Maturity:
Loan amount:
- From EUR 100,000 to EUR 2,000,000 (the equivalent in KM at the mean exchange rate of the Central Bank of B&H)
- Own participation, as calculated by the consultant and arranged with the Bank
Repayment method:
Security instruments:
Incentive payment to the borrower for successful project completion:
- from15%in general, to a maximum of 20% for replacement of boilers and implementation of small cogeneration/tri-generation;
- the incentive is payable directly to the borrower as a percentage of the EBRD loan amount after the receipt of the project verification by the verification consultant.
For more info about Energy Efficiency loans please call 033 287 521
LOMBARD LOAN
Loan purpose: all types of loans fully secured by cash on deposit.
Maturity: the maturity of the loan has to be 30 days shorter than the maturity of the cash on deposit
Loan currency: KM, with EUR-indexation clause
Security instruments:
- cash on deposit covering the full loan amount, placed with a maturity that goes at least 30 days beyond the loan maturity (in the KM or EUR currencies).
- promissory notes by the borrower/company owner
Other conditions: as agreed with the Bank
For more information, please visit us at Zmaja od Bosne bb in Sarajevo or contact us by telephone: 287-136.
KfW ENERGY EFFICIENCY CREDIT LINE
Loan purpose:
- Financing energy efficiency projects and energy savings projects
- The purpose of this credit line is, among other things, to promote efficient energy consumptions in Bosnia and Herzegovina in a sustainable and efficient manner.
Eligible borrowers:
- Public companies and institutions
- Small and medium enterprises
- Private persons and households
Interested parties:
- Design companies
- Equipment producers and importers
- Contractors
- All other legal entities developing energy saving projects
Customer benefits:
- Attractive lending conditions
- Simple and fast assessment and approval process
- The technical energy savings estimate is done by a consultant (if needed)
- Decrease in energy consumption of at least 20%
- Implementation of high-quality devices
- Global environment and climate protection by reducing carbon dioxide emissions
Lending conditions:
- Sub-loan amount: up to EUR 1,000,000 (equivalent to KM 1,955,830)
- Grace period: up to 3 years, depending on the project
- Maturity: up to 7 years, grace period included
Eligible projects and required documentation:
For the energy efficiency measures listed below, the borrower needs to provide equipment and/or works pre-invoice , as well as a copy of the energy sticker , in the case of white goods.
- Household appliances and air-conditions with EU energy sticker
- Thermal insulation of buildings and replacement of windows/doors
- Thermostat-radiator valves
- Energy-efficient lighting systems
- Solar-thermal systems
- New boilers
- Fuel switching
For the measures listed below, the borrower needs to provide equipment and/or works pre-invoice and an equipment catalogue:
- Frequency controller
- Cogeneration
- Heat recovery
- Reconstruction of heating/cooling systems – heat pumps and energy efficient air-conditioning systems (HVAC)
- Replacement of pumps and electric motors
- Projects for renewable energy utilisation
- All other projects generating a decrease of energy consumption of at least 20%
The financing also covers the project development.
What is the procedure?
- Raiffeisen Bank’s standard credit procedure applies for measures where the borrower needs to provide an equipment and/or works pre-invoice (and a copy of the energy sticker for household appliances and air-conditioners).
- For measures for which the borrower needs to deliver equipment and/or works pre-invoice and an equipment catalogue, we need to obtain a Technical Estimate, in order to determine whether or not the project meets the energy efficiency criteria.
- The Technical Estimate is prepared by credit line consultants (MACS).
- Once the loan is approved, the borrower submits the final invoice to the Bank.
Contact
For more information about the conditions of the KfW energy efficiency credit line, please visit your Corporate Account Manager at your nearest convenient Raiffeisen Branch or contact us by phone: 033 287 521 and 033 287 443. |
