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Lawful and creditworthy business, Never been engaged in illegal trade practices, No record of mal-operation of the checking account, Borrowers, major shareholders and affiliates must not have non-performing loans in any bank, At least a one-year banking relationship, No overdraft facility in other b...

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COMMERCIAL BANK OF ETHIOPIA

1. Lawful and creditworthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers, major shareholders and affiliates must not have non-performing loans in any bank, 5. At least a one-year banking relationship, 6. No overdraft facility in other banks, 7. Present all the documents/information demanded by the Bank,

1. Credit Application, 2. Renewed Trade or investment License, 3. Principal Registration Certificate, 4. Tax payer Registration Certificate, 5. Audited or provisional financial statements, 6. Profile and financial statement of sister company/ies, if applicable 7. Business Plan with forecasted cash flow statement, 8. Senior Management and Board of management Profiles, if applicable 9. Registered Memorandum and Articles of Association, if applicable 10. Registered Minutes of General Assembly, if applicable 11. Publication of Official Gazette/establishment, if applicable 12. Certificate for Marital Status, if applicable 13. Partnership Agreement, if applicable 14. Official letter of consent from Board of management, if applicable 15. Collateral, 16. Insurance Policy,(after loan is approved) 17. Residence and work permit for foreigners

CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA

1. Lawful and creditworthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4.

Borrowers, major share holders and affiliates must not have non-performing loans in any bank,

5. Merchandise should be fast-moving and non-perishable items, 6.

Present Merchandise Ownership documents,

7.

Standard Store located in towns where Bank’s branch exists,

8. Present all the documents/information demanded by the Bank.

1. Credit Application, 2. Renewed Trade License, 3. Principal registration Certificate, 4. Tax payer Registration Certificate Number, 5.

Audited or Provisional Financial statements,

6. Profile and financial statement of sisters company/ies, if applicable 7. Business Plan with forecasted cash flow statement, 8. Senior Management and Board of management Profiles, if applicable 9. Registered Memorandum and Articles of Association, if Applicable 10. Registered Minutes of General Assembly, if Applicable 11. Publication of Official Gazette/establishment ,If applicable 12. Partnership Agreement, if applicable 13. Official letter of consent from Board of management, If applicable 14. Residence and work permit for foreigners, 15. Insurance Policy,(after the loan is approved)

CREDIT ELIGIBILTY CHECKLIST

Page 2

COMMERCIAL BANK OF ETHIOPIA

1. Lawful and creditworthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank, 5. Present all the documents/information demanded by the Bank.

1. Credit Application, 2. Renewed Relevant Trade or Investment license, 3. Principal Registration Certificate, 4. Tax Payer Registration Certificate, 5. Audited &/or Provisional Financial statements, 6. Profile and financial statement of sisters company/ies, if applicable 7. Business Plan with forecasted cash flow statement, 8. Senior Management and Board of management Profiles, if applicable 9. Registered Memorandum and Articles of Association, if applicable 10. Registered Minutes of General Assembly, if applicable 11. Publication of Official Gazette/establishment ,if applicable 12. Pro-forma invoice, if any, 13. Partnership Agreement, if applicable 14. Official letter of consent from Board of management, if applicable 15. Residence and work permit for foreigners,

CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA

1. Non-coffee export business, 2. Bankable export business, 3. Never been engaged in illegal trade practices, 4. No record of mal-operation of the checking account, 5.

Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank,

6. Valid Investment Certificate and/or Trade License, 7. Present a bona –fide Purchase order from a foreign buyer, 8.

Receipts for export proceeds for the last 12 consecutive months, for existing exporters,

9. Irrevocable Letter of Credit opened at CBE only, 10. Collateral, at least 40% of the loan, for new producer exporter, 11. Collateral, at least 50% of the loan, for other new exporter, 12. Present all the documents/information demanded by the Bank.

1. Credit Application, 2.

Renewed Trade or Investment License,

3. Principal Registration Certificate, 4. Tax Payer Registration Certificate, 5. Audited Or Provisional Financial Statements, 6. Profile and financial statement of sisters company/ies , if applicable, 7. Business Plan with forecasted cash flow Statement, 8. Senior Management Profile of the Borrower, if applicable 9. Registered Memorandum and Articles of Association, if Applicable, 10. Registered Minutes of General Assembly, if applicable, 11. Publication of Official Gazette/establishment ,if applicable, 12. Partnership Agreement, if applicable, 13. Official letter of consent from Board of management, if applicable,

14. Residence and work permit for foreigners.

1. Lawful and Creditworthy business, 2. Never been engaged in illegal trade practices,

CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA 3.

No record of mal-operation of the checking account,

4. Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank, 5. At least a one year experience in export business, 6. Irrevocable L/C opened at CBE only, 7. Present valid sales contract from a foreign buyer, 8. Receipts of export proceeds for the past 12 consecutive months, 9. Selling price of the exportable items should be confirmed by NBE. 10. Present all the documents/information demanded by the Bank.

1. Credit Application, 2. Renewed Trade or Investment License, 3. Principal registration certificate, 4. Tax Payer Registration Certificate, 5. Audited or provisional Financial statements, 6. Profile and financial statement of sisters company/ies, if applicable 7. Business Plan with forecasted cash flow Statement, 8. Senior Management and Board of Management Profiles, if applicable, 9. Registered Memorandum and Articles of Association, if applicable, 10. Registered Minutes of General Assembly, if applicable, 11. Publication of Official Gazette/establishment ,if applicable, 12. Partnership Agreement, if applicable, 13. Official letter of consent from Board of management, if applicable,

14. Residence and work permit for foreigners,

1.

Clean export business track record,

2.

Lawful and creditworthy business,

3.

Never been engaged in illegal trade practices,

4.

No record of mal-operation of the checking account,

5.

Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank,

6.

Present all documents/information demanded by the Bank.

CREDIT ELIGIBILTY CHECKLIST

Page 5

COMMERCIAL BANK OF ETHIOPIA

1. Credit Application, 2. Renewed Trade License, 3. Principal registration Certificate, 4. Tax Payer Registration Certificate , 5. Audited or Provisional Financial statements, 6. Profile and financial statement of sisters company/ies, if applicable 7. Business Plan with forecasted cash flow statement, 8. Waybills, (Truck way, Rail way, etc...) 9. Irrevocable Letter of Credit, 10. Valid Sales Contract from a foreign buyer, 11. Insurance Contract, 12. Quality certificate, 13. Other documents as specified in L/C which confirms the goods are in transit, 14. Senior Management and Board of management Profiles if applicable 15. Registered Memorandum and Articles of Association, if applicable, 16. Registered Minutes of General Assembly, if applicable, 17. Publication of Official Gazette/establishment ,if applicable, 18. Partnership Agreement, if applicable, 19. Official letter of consent from Board of management, if applicable, 20. Residence and work permit for foreigners,

1. Lawful and creditworthy business, 2. Never been engaged in illegal trade practices, 3.

No record of mal-operation of the checking account,

4.

Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank,

5. Present all documents/information demanded by the Bank

1. Credit application, CREDIT ELIGIBILTY CHECKLIST

Page 6

COMMERCIAL BANK OF ETHIOPIA 2. Renewed Trade License, 3. Principal Registration certificate, 4. Tax Payer Registration Certificate, 5. Audited or Provisional Financial Statements, 6. Profile and financial statement of sisters company/ies, if applicable 7. Business plan with forecasted cash flow, 8. Senior management and Board of management profiles, if applicable 9. Registered Memorandum and article of Association, if applicable, 10. Publication of official gazette/establishment, if applicable, 11. Registered Minutes of General Assembly, if applicable 12. Partnership Agreement, if applicable, 13. Official letter of consent from Board of management, if applicable 14. Certificate for martial status, if applicable , 15. Work Contract, 16. Collateral, 17. Resident and work permit for foreigners, 18. Insurance Policy, ( After the loan is approved)

1.

Lawful and credit worthy business,

2.

Never been engaged in illegal trade practices,

3.

No record of mal-operation of the checking account,

4.

Borrowers, major shareholders, and affiliates must not have non-performing loans in any bank,

5.

Present all the documents/information demanded by the Bank

1. Credit Application, 2. Renewed Trade or investment License, CREDIT ELIGIBILTY CHECKLIST

Page 7

COMMERCIAL BANK OF ETHIOPIA 3. Principal Registration Certificate, 4. Tax payer Registration Certificate , 5. Audited or provisional financial statements, 6. Profile and financial statement of sisters company/ies, if applicable,

7. Business Plan with forecasted cash flow statement, 8. Senior Management and Board of Management Profile, If applicable 9. Registered Memorandum and Articles of Association, if applicable, 10. Registered Minutes of General Assembly, if applicable, 11. Publication of Official Gazette/establishment ,if applicable, 12. Partnership Agreement, if applicable, 13. Official letter of consent from Board of management, if applicable, 14. Collateral, 15. Certificate for martial status, if applicable, 16. Residence and work permit for foreigners, 17. Insurance Policy,(After the loan is approved) 1. Lawful and credit worthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers, major share holders, and affiliates must not have non-performing loans in any bank, 5. Equity Contribution of 30% or above the project cost, 6. Socially and environmentally acceptable project, 7. Present all the documents/information demanded by the Bank,

1. Credit Application, 2. Renewed Trade or Investment License, 3. Principal Registration Certificate, 4. Tax Payer Registration Certificate, 5. Profile and financial statement of sisters company/ies, if applicable, 6. Detailed Project feasibility study and/or business plan, 7. Senior Management and Board of Management Profiles, if applicable, CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA 8. Registered Memorandum and Articles of Association, if applicable, 9. Registered Minutes of General Assembly, if applicable, 10. Publication of Official Gazette/establishment ,if applicable, 11. Partnership Agreement, if applicable, 12. Official letter of consent from Board of management, if applicable, 13. Collateral, 14. Letter of privilege for duty –free status 15. Certificate for marital status, if applicable, 16. Residence and work permit for foreigners, 17. Insurance Policy,(After the loan is approved)

1. Lawful and credit worthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4.

Borrowers, major share holders and affiliates must not have non-performing loans in any bank,

5. The Motor Vehicle to be purchased should be brand new, 6. Minimum loading capacity for dry cargo truck is 300 quintals, 7. Minimum loading capacity for fuel cargo truck is 40,000 liters, 8. Minimum loading capacity for public transport bus is 25 seats, 9.

Minimum loading Capacity for dump truck is 9m3 ,

10. Equity contribution of 30% or above, 11. Additional collateral, as requested, 12.

Present all the documents/information demanded by the Bank,

1.

Credit Application,

2.

Renewed Trade or Investment License,

CREDIT ELIGIBILTY CHECKLIST

Page 9

COMMERCIAL BANK OF ETHIOPIA 3. Principal Registration Certificate, 4. Tax payer Registration Certificate, 5. Profile and financial statement of sisters company/ies, if applicable 6. Project feasibility study and/or business plan, 7. Senior Management and Board of Management Profiles , if applicable, 8. Registered Memorandum and Articles of Association, if applicable, 9.

Registered Minutes of General Assembly, if applicable,

10. Publication of Official Gazette/establishment ,if applicable, 11. Partnership Agreement, if applicable, 12. Official letter of consent from Board of management, if applicable, 13. Collateral, 14. Letter of privilege for duty free status, if applicable

15. Certificate for martial status, if applicable , 16. Standard specification from the concerned body, 17. Residence and work permit for foreigners,

18. Insurance policy,(After the loan is approved)

1.

Lawful and credit worthy business,

2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers, major shareholders and affiliates must not have non-performing loans in any bank, 5.

Reliable source of income for the repayment of the loan,

6.

Immediate 30 % minimum down payment ,

7.

Immediate 10 % down payment, if the value of building or business establishment is greater than 10 million,

8.

Present all the documents/information demanded by the Bank,

1. Credit Application, 2. Renewed Trade License, CREDIT ELIGIBILTY CHECKLIST

Page 10

COMMERCIAL BANK OF ETHIOPIA 3. Principal Registration Certificate, 4. Tax Payer Registration Certificate, 5. Income Tax Receipts, if an employee, 6. Employment Certificate, if an employee, 7. Letter of Commitment of the Employer, 8. Award Letter, 9. Audited or Provisional Financial statements, 10. Profile and financial statement of sisters company/ies, if applicable 11. Business Plan with forecasted cash flow statement, 12. Senior Management and Board of Management Profiles, if applicable, 13. Registered Memorandum and Articles of Association, if applicable, 14. Registered Minutes of General Assembly, if applicable, 15. Publication of Official Gazette/establishment ,if applicable, 16. Partnership Agreement, if applicable, 17. Official letter of consent from Board of management, if applicable, 18. Additional collateral, if loan exceeds floor price , 19. Certificate for marital status, if applicable, 20. Residence and work permit for foreigners, 21. Insurance Policy,( After the loan is approved)

1. Lawful and credit worthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers ,major share holders, and affiliates must not have non-performing loans in any bank, 5. The construction Machinery to be purchased should be brand new, 6. For construction or construction machinery leasing business, 7. At least one year business experience, 8. Own Equity contribution, as per the requirement, 9. Additional collateral, as per the requirement, CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA 10. Present documents/information demanded by the Bank,

1. Credit Application, 2. Renewed Trade or investment License , 3. Principal Registration Certificate, 4. Tax Payer Registration Certificate , 5. Profile and financial statement of sisters company/ies, if applicable 6. Project feasibility study and/or business plan, 7. Pro-forma Invoice, 8. Letter of privilege for duty-free status, if applicable, 9. Standard specification from the concerned body, if applicable, 10. Senior Management and Board of management Profiles, if applicable, 11. Registered Memorandum and Articles of Association, if applicable, 12. Registered Minutes of General Assembly, if applicable, 13. Publication of Official Gazette/establishment ,if applicable, 14. Certificate for marital status, if applicable, 15. Partnership Agreement, if applicable, 16. Official letter of consent from Board of management, if applicable, 17. Collateral, 18. Residence and work permit for foreigners, 19. Insurance policy,( After the loan is approved)

1. Lawful and credit worthy business, 2. Never been engaged in illegal trade practices, 3. No record of mal-operation of the checking account, 4. Borrowers, major shareholders, and affiliates must not have any non-performing loans in any bank, 5.

At least one year business experience,

6. Present Land Holding Certificate and/or Land Lease Agreement,

CREDIT ELIGIBILTY CHECKLIST

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COMMERCIAL BANK OF ETHIOPIA 7.

Must Employ Manager and an Accountant/Bookkeeper,

8. Documents for owing or renting working premises,( for Associations, Cooperatives, unions, Commercial farms, 9. Present acceptable collateral, 10. Past performance supporting letter form government organ, for individuals, 11. Present audited or provisional statement and business plan, 12. Present Minutes of resolution of the General Assembly, for Associations, Cooperatives, Unions, 13. Present business performance plan, 14. Present all document/information demanded by the Bank

1. Credit application 2. Letter of guarantee from MOFED, for Regional States, 3. Trade or Investment License, 4. Principal Registration Certificate, 5. Tax Payer Registration Certificate, 6. Certificate for marital status, if applicable 7. Registered Article and Memorandum of association, if applicable, 8. Registered Minutes of the general assembly, if applicable 9. Senior Management and Board of Management Profiles, if applicable, 10. Publication of Official Gazette/establishment ,if applicable, 11. Partnership Agreement, if applicable, 12. Official letter of consent from Board of management, if applicable, 13. Profile and financial statement of sisters company/ies, if applicable

14. Business Plan with forecasted cash flow statement, 15. Insurance Policy, (After the loan is approved) 16. Residence and work permit for foreigners,

1. Lawful and credit worthy business, 2. Never been engaged in illegal practices, 3. No record of mal-operation of the checking account, CREDIT ELIGIBILTY CHECKLIST

Page 13

COMMERCIAL BANK OF ETHIOPIA 4. Borrowers, major share holders, and affiliates must no have non-performing loans in any bank 5. Present project feasibility study, if it is for project, 6. At le...