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Fixed Asset Loan

2021-04-30

Business summary

Fixed Asset Loan refers to loans granted by Bank of China (Central and Eastern Europe) Limited Bucharest Branch to meet the demands of enterprises in their investments in fixed assets. Investments by enterprises in fixed assets include capital construction, technical innovation, developing and manufacturing of the new products as well as related house purchase, civil engineering, purchase and installation of the technical equipment, etc.

Business assortment

Fixed Asset Loan is divided into Long-term Loan, or Temporary Circulating Loan based on the following purposes.

Capital Construction: Which refers to infrastructure, municipal works, service facilities, new or enlarged productive projects ratified and approved by the authorities concerned of the state.

Technical Innovation: Which refers to the technical innovation items aimed at the expanded reproduction by the existing enterprises.

Scientific and Technological Development: Which refers to the activities concerning research, manufacturing and development of the new technologies and products and with regard to the transformation or application of the development results in the production field.

Other Purchases of the Fixed Assets: Which refers to the direct purchase of houses or facilities not built by the enterprise itself for the use of production, storage and official business.

Applicant

The enterprise legal entities, institutional legal entities and other economic organizations registered upon verification and ratification of the Industrial and Commercial Administrative agencies (or competent authorities) and involved in independent accounting.

Qualifications for Application

1.The applicant must bear the Business License that has passed the annual examination of the Industrial and Commercial Administrative Departments and the institutional legal entity must bear documents certifying its legal status.

2.The applicant should have good economic conditions, a good creditability, and a strong capability to repay debt and a complete and excellent management system.

3.The applicant should fulfill guarantees acknowledged by Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

4.The applicant should open current account or ordinary deposit account in Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

6.The fixed asset loan should comply with the State industrial policies and credit policies.

7.The project has met other business conditions of Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

Applying Procedures

1.The borrower should submit a written borrowing application to Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

2.The borrower should submit the required relevant documents to Bank of China (Central and Eastern Europe) Limited Bucharest Branch, which including the Business License, Company Regulations, financial annual reports for recent three years, documents for establishment of the project on file and documents of comment and reply, analysis of the project economic benefits and plans for use and repayment of the loans, etc.

3.Bank of China (Central and Eastern Europe) Limited Bucharest Branch may make pre-loan investigations and evaluations, look into the credit level of the borrower as well as into the legitimacy, safety and profitability in the borrowing, verify and examine the pledges, properties and guarantors and form the views on evaluations.

4.Upon confirmation after inner-bank review and examination, both parties will agree with the terms and conditions stipulated in the borrowing contract, the mortgage contract and the guarantee contract and all sides concerned would conclude the contracts.

5.The borrower will go through the relevant formalities such as the registration of the contracted mortgage.

6.The borrower will present an application for drawing of the loan.

7.The funds will be transferred into the borrower's bank account for use.

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