June, 2009 Results of competition of "The best brochure"
On June 05, 2009 in Central Bank of RA were summerized the results of the competition of "the best information brochure 2009".
ACBA Leasing CJSC was recognized the winner between credit organizations.
December, 2008 LOAN AGREEMENT WITH EBRD
On the 2nd of December 2008 was signed loan agreement of amount of 8 mln US dollars between European Bank of Reconstruction and Development (hereinafter “EBRD”) and “ACBA Leasing” Credit Organization Closed Joint-Stock Company (hereinafter “ACBA Leasing”).
July, 2008
From credit organizations the winner is CJSC "ACBA Leasing"
08.07.2008
The best explaining booklet about the bank, insurance company and credit organization
1. Suppose a customer buys equipment from Indonesia that costs 10.000 USD. The delivery will be organized in 4 months. The equipment will repay itself after 30 months.
Result
The customer will have a leakage of circulating assets equal to 10 000 USD.
All the works with the supplier including delivery, transporting and customs clearance are being organized by the customer,
Actual repayment will be made after 34 months.
Buying 2. Now suppose that the customer gets credit for buying the same equipment under the same conditions.
Result. There is no leakage of circulating assets, but the customer will have to pay the rates and capital after one month, The percentages of credit can be recognized as an expenditure in an Income Statement, and also after getting the equipment current amortization,
The works with the supplier are being organized by the customer,
The whole credit liability will be covered with pledge,
The customer will be able to deduct VAT only after selling the equipment.
Credit 3.Suppose that anywhere the customer decided to get the equipment under lease
Result. The leakage of circulating assets comprises 2000 USD,
The customer starts to pay for the equipment after signing the leasing contract in 5 months,
The percentages included in the payment will be recognized as an expenditure in an Income Statement,
VAT of the price of the equipment will be deducted,
Works with the supplier are being organized by "ACBA Leasing".
It is possible for CJSC "ACBA Leasing" to get special discounts from the supplier.
Works of the transportation, insurance and customs clearance are being organized by CJSC "ACBA Leasing". Leasing
In case of any inconsistency between the published Armenian and English versions, the Armenian version prevails.
June, 2009 Results of competition of "The best brochure"
There is no leakage of circulating assets, but the customer will have to pay the rates and capital after one month,
