Many foreign businessmen in Russia finance a part of the projects at the expense of debt funds. As their representatives admit, the credits in this case are more favorable for taking in the European banks: if the Russian lend money under 9-10 % per annum, the European banks finance on a rate of 5,5 % in euro. Certainly, the status of the co-owner of the largest companies facilitates negotiations with the European bankers.
But actually any person holding some million dollars in foreign assets, can count on the credit with a good rate to the Russian measures. And utilize this credit it can in Russia, where profitability of investments essentially above the European. In a word, excellent possibility to play on arbitration.
The main condition of the credit - reliable pledge. And the first that occurs, - to provide as that real estate. The chairman of board of directors of Yuniastrum-bank George Piskov who works as the financial adviser and the most part of time will see off in London, argues what to obtain the credit in foreign bank on the security of available real estate it is possible rather easily if the sum of the credit exceeds $500 000. With the smaller sums private bankers - (and all similar programs of crediting belong to maintaining divisions of banks with the constituent capital in some billion euro simply won't begin to communicate.
However, a lot of things depends on the country.
In democratic Cyprus, for example, according to one of local bankers, Russian quite successfully take the credits on the security of the country houses and apartments. The size of a loan usually makes 50-60 % from real estate cost, and a rate - LIBOR plus 2,25 %. It is most favorable to take the credit in the Swiss francs: rate of 4 % per annum. The manager of one of the largest Banks of Moscow told in interview to one of editions that he thinks to sell the old apartment in the Russian capital and to buy new, using the Cyprian loan. It, of course, can take a mortgage loan and in Russia, but why if in Cyprus a rate the minimum on three percentage points is lower? Now our interlocutor seriously considers the Bank of Ciprus offer – the credit in $180 000 or about 70 % from cost of his Cyprian house bought seven years ago.
Though - the most widespread type of a foreign property of the Russian, it is necessary to recognize real estate: the credits under its pledge is after all exotic.
Much more often loans undertake on the security of securities. The European banks accept in providing not only superreliable western bonds, but also more risky assets, including AVK on an action of the Russian companies. Rates will be in this case in LIBOR range + 0,75-2 %. In UBS, for example, the client investing from $1 million, taking the credit on the security of a portfolio of securities, can count on LIBOR rate + 2 % (or 6 % on the credits in euro).
The rate usually depends on history of the relations with bank and the size of your assets being at bank under management. And the credit sum depends on quality of assets. If the client wants to take the credit on the security of the deposit, he can count on 90-100 % from its size.
For a package of bonds will lend 80-85 %. If the client puts actions (including AOK) or shares of funds of actions, the credit can make to 50 % of their cost. Some banks accept as a deposit even AOK on the Russian actions of the second echelon, but the size of the credit in this case will be less. As well as in a situation, when in a portfolio of the client and AOK of only one issuer, let and the most liquid.
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