Facilities for corporate clients
KBC Banka A.D. Belgrade offers to legal entities and entrepreneurs registered on the territory of the Republic of Serbia financial solutions tailored according to needs of corporate clients to finance their business activities and operations. During realization of these activities, the Bank will, as the priority activity, develop cooperation with small and medium enterprises as target group, whose interests and development programs the Bank can support by its capacity and available infrastructure.
For purpose of realization of more effective cooperation with corporate clients, the Bank made the segmentation of clients according to their annual turnover and the amount of facilities used in the Bank. The group of related entities is in this sense observed in the consolidated manner. The Bank defined 3 segments of legal entities:
- Micro enterprises – enterprises with the annual turnover up to 1 million EUR and facilities in use in the Bank in the amount of 200,000 EUR
- SMEs - enterprises with the annual turnover from 1 to 10 million EUR and facilities in in use in the Bank in the amount up to 2,000,000 EUR
- Corporates - enterprises with the annual turnover over 10 million EUR and facilities in in use in the Bank in the amount of over 2,000,000 EUR
The Bank grants to corporate clients:
The Bank will approve the following facilities to legal entities and entrepreneurs: Credit cards, Current account overdraft, Revolving loans, Bill discounting, Letters of guarantees, Letters of credit, Avals, Loans with repayment schedule as well as Long-term investment loans. The special offer of the bank includes approval of cross-border loans, as foreign exchange loans of KBC Bank from Germany with the guarantee of KBC Banka from Belgrade.
The corporate loans are approved in RSD, in RSD with currency clause at effective rate of the Bank for foreign exchange currency on the day of disbursement of loan, or in the foreign exchange currency for international payments.
Collateral
Security instruments which the client needs to provide are: authorization to dispose of client's funds on his/her accounts as well as client's blank promissory note with an authorization to fill out a bill up to the amount of debt.
Acceptance of client's bills on behalf of another legal entity or private individual as well as bills for personal property of the company owner, accepted by a spouse.
The bank accepts a pledge of a creditworthy guarantor, one or several legal entities, cash deposit, securities quoted on domestic or foreign stock exchange, guarantee issued by another creditworthy bank, pledge over movables, mortgage on property of the client, guarantor or private individual accompanied by spouse's declaration.
Loan utilization
Loan utilization is defined by the decision on loan approval and the loan is granted until the expiry of grace period at the latest i.e. until the end of the business year at the latest (overdraft, overnight, revolving loan and overall loan).
Amount of loan
The amount of granted loan depends on business standing and creditworthiness of the client, the quality of collateral, credited usiness activity or business results stemming from such activities and projects. Loans are granted to legal entities which run business activities in the period of at least 24 months.
Overall loan (Multi-purpose credit line)
Products to legal entities and entrepreneurs may be approved within annual credit lines (lines for L/Cs, L/Gs, discounting of bills, and as multi purpose credit lines).
Lines can be committed or uncommitted for the bank. In case of approval of committed line, frame contract for entire line will be signed with client and later, separate contracts will be signed for every individual request from the line. Processing fee can be charged once off, at signing of frame contract, or can be charged separately at every concrete usage of the line.
Loans and off-balance sheet products can be secured with 100% deposit. In this case, bank charges only minimal amount of application fee. In case of loans secured with deposit, bank will charge lower interest rate from the range set in the price list for the requested type of loan, while the bank will pay to the client interest rate from the current price list for deposits.
In case of off-balance sheet products secured with 100% deposit, the bank will not charge quarterly fee, under the condition that the bank pays no interest on deposit. If interest is paid on deposit, the bank will charge the full price of guarantee.
In cases of partial coverage by deposit, unsecured part will be fully charged.
Long term loans from the catalogue can be prematurely repaid without charging the early repayment fee, except if they are refinanced from another bank’s loan in which case 2% fee will be charged on the early repaid amount.
Clients are allowed to ask for conversion of the long-term loan from one currency to another (only applicable to currencies mentioned in the price list), at exchange rate set by the bank and by paying a one-off fee of 0.8% for amounts below 500,000 EUR and 0.5% for amounts over 500,000 EUR.
- Product Catalogue for Micro clients / Types of loans for legal entities and entrepreneurs with annual turnover up to 1,000,000 EUR
- Product Catalogue for SME clients / Types of loans for legal entities and entrepreneurs with annual turnover from 1,000.000 EUR to 10,000,000 EUR
- Product Catalogue for Corporate clients / Types of loans for legal entities and entrepreneurs with annual turnover above 10,000,000 EUR
- Catalogue of subsidized corporate credits
- Catalogue of credits from EIB credit line
- Product catalogue from project financing
- Pricing list for legal entities
- Cross border loans
Interest rates
Interest rate is determined as nominal on a monthly level and as effective interest rate (EIR) on the annual level, in accordance with the Decision made by NBS on the way of expressing interest and other expenses which the client pays during the period of loan utilization.
Interest is calculated by means of conforming method, monthly and on maturity date, in the grace period and in the period of payment in instalments, while in case of loan repayment in annuities, the interest together with the instalment is the basic part of annuity and it is paid on maturity date of the annuity.
Interest on transactions expressed in local currency is calculated and charged in local currency. Interest on transactions expressed in foreign currency is calculated in foreign currency, and charged in foreign or local currency.
The number of days for calculation of interest is determined according to the calendar, where the day when the Bank’s account was debited or credited is regarded as the first day, while the day preceding the day of interest calculation is regarded as the final day.
Interest is calculated on facilities and other receivables which the debtor failed to settle within deadlines set in the act which governs the business relation, according to the contracted interest rate for default.
When the legal default interest rate exceeds interest rate referred to in paragraph 1 of this Article, the calculation of interest is done at the rate of default interest. In case of the realization of bills of exchange, guarantees and letters of credit from the bank’s account, the 2.5% monthly interest rate will be calculated.
The level of interest rate is determined for each particular facility on the basis of:
- Evaluation of client's credit capacity
- Meeting criteria for ranking of clients, in other words, determining client's category
- Meeting corrective criteria and offered security instruments for the facility
- Price of the source of funds
Commission and fees for corporate services
Base for calculation of commission and fees for foreign currency operations, charged in RSD presents domestic currency counter-value calculated according to the appropriate exchange rate on the day of execution, i.e. on the account day.
- Commission and fees determined in EUR are calculated in the original currency at the medium rate of exchange on the transaction day or the account day.
- Calculation of commission and fees is done on the execution day, in other words, on the day when the calculation. Quarterly commissions for off/balance sheet products will be charged upfront for every initiated quarter. In case of validity of less than 30 days, only 0.35% of the guarantee value will be charged.
- If L/C or L/G last longer than one quarter and expire in the first half of the last quarter, the bank can reduce the amount of the last quarterly commission for up to 50%, at the request of the client.
- Calculated commission and fees on the basis of domestic payment operations become due on the day of debiting/account, and on the basis of other services within five (5) days since the account day.
In accordance with the Bank's interests, the Executive Board of the Bank on the occasion of negotiating with the client, and the Credit Committee of the Bank on the occasion of making decisions regarding particular requests, can determine different terms from the Overview of tariffs and fees for the year 2007 on the basis of criteria such as:
- Increase in volume of client's operations with the Bank
- Achieving certain level of average balance on the transaction account
- Possible development of business relations with the client, with client's related parties and its business partners
- Importance of bank's income streaming from other operations between the client and the Bank
- Type and value of collateral, etc.
Documentation for micro and SME clients:
Additional questionnaire for corporate entities:
For additional information please call KBC Info telephone number (011) 30-50-575 any work day from 9:00 until 18:00 or visit our nearest branch office