Purpose of the loan secured by a SZRB bank guarantee:

• acquisition of fixed tangible assets
• reconstruction and modernisation, including renovation of fixed tangible assets and infrastructure in regions
• acquisition of fixed intangible assets
• payment of operational costs

Term of provision of the bank guarantee:

• maximum 10 years
• a guarantee for any loans provided for project financing may be provided also for a longer time period

Amount of the bank guarantee:

• 1. amounting to 60% of the loan principal, max. to 500.000 EUR for subsidy to agricultural entities, with the maturity of the guarantee of no more than 7 years
• 2. amounting to 60% of the loan principal, max. to 1.000.000 EUR to other entities, with the maturity of the guarantee of no more than 10 years

Security of the bank guarantee:

As a security, the SZRB applies particularly the following:
(i) prohibition of payment from the term deposit account
(ii) mortgage over immovable assets
(iii) pledge over movable assets
(iv) Agreement on Future Agreement on Pledge/Mortgage over Movable/Immovable Assets
(v) pledge over receivables
(vi) pledge over securities
(vii) pledge over an ownership interest
(viii) guarantee deed and guarantee by a third person in the form of declaration on patronage commitment
In order to effectively enforce its receivables, the SZRB applies the following instruments:
(ix) notarial deed
(x) security note

Bank guarantee in special cases:

The SZRB provides bank guarantees with direct or indirect security also beyond the term of validity and the values set forth in clauses 1. and 2 above, amounting to 6.500.000 EUR, under the terms and conditions agreed between the SZRB and the financial institution providing the loan. These are particularly bank guarantees for important clients in order to secure the loans provided for project financing. The following may be specifically agreed: percentage of the provided bank guarantee, the fee, the term of validity of the bank guarantee, etc.

Subsidized sectors of provision of guarantees:

• establishment, development, and stabilization of small and medium enterprises in Slovakia
• development of regions in respect of technical infrastructure, civil and dwelling constructions, cultural and social facilities, tourist facilities, development of road communications
• environmental programs
• renewable energy resources
• saving energetic programs
• other projects having the character of project financing

Excluded sectors:

The guarantee may not be used for covering any loans for:

• financing of business plans in the banking, insurance and monetary business, activities of financial character, e.g. factoring, leasing, trading with securities
• agency and consulting services in advertising, promotion, legal services and consulting
• purchase of gambling machines and juke-boxes, art works and collections, lightning and other devices required for entertainment business
• financing of any operations which endanger public order, morals, and environment
• financing of retail and wholesale activities of shopping chains
• payment of operational costs relating to wages and overhead costs
• repayment of any former loans, except for those loans, to which the SZRB provided a guarantee, however, maximum to the amount of the originally provided guarantee