Lending solutions

Our lending solutions address a whole range of clients’ business needs, from financing ongoing operations to long-term investment projects.

The Bank grants loans to local businesses residing and operating in Cyprus as well as to international companies.

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A full range of corporate lending solutions to cover your business needs

Contact us today to start your cooperation with RCB Bank

Medium and long-term lending

Fixed Term Loans

Fixed term loans with flexible terms and conditions, based on clients requirements and profile, with a fixed/floating interest rate in euro or other currency.

Credit lines

The maximum value of a credit line is set on the basis of an assessment of a client’s creditworthiness and its loan repayment capacity, the specific nature of its operations, its financial sustainability and the client’s credit history. 

Collateral

An adequate collateral package covering the credit and/or other related risks of the Bank is required. The collateral package could include floating and/or fixed charges, mortgages over commercial, residential or other acceptable real estate property, assignment of receivables/insurances, pledge of shares / commodities / stocks  and/or other types of collateral that might deemed necessary by the approving authorities of the Bank.  

Overdrafts - extra funds available, when required

Help manage cash flow and working capital needs

Monthly or predefined repayment term

The borrowed amount can be changed within limits

The maximum term is twelve (12) months (with the option for renewal subject to Bank’s approval)

Overdraft limit facility to finance working capital needs based on clients’ needs. This type of product requires the client to transfer operating cash flows and credit turnover to its current accounts opened with RCB Bank Ltd.

This type of overdraft is designed to cover short-term shortfalls in cash-flow, with the client being required to repay the overdraft in full at least once a month. In other words, each and every calendar month during the overdraft period, the client is obliged to ensure that a credit balance is maintained on the overdraft account for at least one (1) day. 

The overdraft limit is set to up to 30% of the average monthly credit turnover from a client’s main business operations. This type of credit product requires the client to transfer operating cash flows and credit turnover to its current accounts opened with RCB Bank Ltd.
 

Illustration of credit product:

app store

 

The overdraft applies to a client’s current account with RCB Bank Ltd. Depending on the level of the overdraft limit and the client’s financial strength, the Bank may decide on granting unsecured overdraft limit.

This type of overdraft is designed to provide finance to top up working capital, with the overdraft scheduled to be repaid in full within a predefined period of time. The term of sustained debt provided with this facility may not exceed six (6) months. The overdraft applies to a client's current account with RCB Bank Ltd. This type of credit product requires the client to transfer operating cash flows and credit turnover to its current accounts opened with RCB Bank Ltd, and must be secured with collateral.
 

Illustration of credit product:

app store

 

The overdraft limit is set on a case-by-case basis, taking into account the client’s financial strength, the average monthly credit turnover from its main business operations, and an assessment of the proposed collateral. At the same time, the value of the collateral must cover the size of the principal, the interest and any risks the Bank may incur if it is forced to sell the collateral.

Working capital financing credit lines

Working capital financing involves the provision of a revolving credit line limit to the client. The loan is granted in the form of individual tranches. The size of each tranche amounts to at least 20% of the credit line limit. The term of the outstanding debt applicable to each tranche cannot exceed six (6) months.
 

Illustration of credit product:

app store

This type of credit product requires the client to transfer operating cash flows and credit turnover to its current accounts opened with RCB Bank Ltd, and must be secured with collateral. The cap on the revolving credit line limit is set on a case-by-case basis, taking into account the client’s financial strength, the average monthly credit turnover from its main business operations, and an assessment of the proposed collateral.

The value of the collateral must cover the size of the principal, the interest and any risks the Bank may incur if it is forced to sell the collateral.

Helping SMEs and Mid-Caps to gain access to affordable finance
European Investment Bank (EIB) funding
Interest Rates for Credit Facilities

Under its policy on interest rates, the Bank sets standard rates to attract funding and baseline lending rates, as well as individually set rates (on case by case basis) that take account of the risk premium and the overall business relationship with the client.

RCB Bank Ltd uses the following base rates for the calculation of the total interest rates applicable to credit facilities:

EURIBOR for Euro (EUR)

LIBOR for United States Dollars (USD)

MosPrime Rate and Rate of the Central Bank of Russia for Russian Roubles (RUB)

Changes in base rates may lead to an increase of the total interest rates. Fixed rates may be agreed subject to the banking regulation and legislation in force.
The Bank does not calculate its own base rate.