Servicing of foreign loans

• Application for the issue of a consent letter to a legal entity
• Notification on an agreement on an attracted loan or credit in foreign currency
• Report on the attraction and servicing of a loan under an agreement in .doc format
• Clarifications for completing the form 503 in .doc format
• Report on the attraction and servicing of a loan under an agreement in .xls format
• Forecast of transactions on receiving and servicing a credit under an agreement in .doc format
• Clarifications for completing the form 504 in .doc format
• Forecast of transactions on receiving and servicing a credit in .xls

PJSCCB PRAVEX-BANK services transactions on loans (loans, credit facilities, etc.) in foreign currency, attracted by resident clients from non-residents (foreign loans).

Presently, current legislation provides the possibility for residents of Ukraine (whether legal entities or individuals - citizens of Ukraine) to attract funds from non-residents under credit and loan agreements (agreements without interest rates are also accepted). Foreign currency accepted under such agreements is not subject to compulsory sale. Individuals may use the attracted money in cash if it does not contradict the conditions of the agreement. The order of attracting money under such agreements stipulates its compulsory registration with the NBU (receiving a registration certificate) and carrying out transactions (receiving money, its return, transfer of interest rates, payment of commission, etc., reporting) may take place only through a bank that will accept such agreement for service (whereof the client will receive a consent letter). At his discretion, the client will be able to transfer the registered agreement for servicing into another bank (regardless whether funds have already been received or not).

Advantages of services provided by PJSCCB PRAVEX-BANK:

1. A commission is charged only for the issue of the consent letter for servicing the transactions under the agreement (UAH 480.00, VAT included); the subsequent servicing is free, without any monthly or annual commission fee.
2. Prompt consideration of the documents and taking a decision on the consent to service the operations under the agreement.
3. Assistance to the client upon the completion of the statistical reporting form.
4. Consultations carried out by the responsible employee with regard to NBU requirements established for the credit/loan attracted from the non-resident. (phone: 0 (44) 201-17-45).

For the Bank to take a decision on its consent to service the transactions under the agreement, you need to provide the following documents for consideration:

1. A letter in the name of the Chairman of the Board with the request to issue a consent letter.
2. An agreement with all the additions and appendices (if the agreement is already registered, you should attach the certificate of registration with all the appendices).
3. Notification on the agreement (3 copies).