.::ARDSHININVESTBANK::.

1. ACCOUNT SERVICES

1.1	Opening the account	free of charge
1.2	Minimum required balance of the account - for Legal Entities - for Individuals	AMD 15'000 AMD 5'000
1.3	Providing with account statement upon each operation	free of charge
1.4	Providing with the copy of account statement or other payment documents, depending on the period passed - up to one month - up to one year - over one year	AMD 1'000 AMD 2'000 AMD 5'000
1.5	Providing with account statement or other document (reference) by fax or other means of communication	AMD 500 + communication fee
1.6	Providing with the statement of movement over the account – for up to 1 year old period – for 1 - 2 years old period – for each year of 2 - 5 year old period	AMD 5'000 AMD 12'500 AMD 25'000
1.7	Providing with the reference on current account or a copy of SWIFT-message	AMD 1'500
1.8	Maintenance fee for the account dormant one year	AMD 2'500
1.9	Providing with the account statements by E-mail	by arrangement
1.10	Preparation and extending of answers to audit request (the banks excluded)	AMD 15'000
1.11	Closure of the account	AMD 2'500
1.12	Cheque-book provision	AMD 1'000
1.13	In case of opening a bank account during the subscribtion of the first bond issuance by individuals - Minimum required balance of the account - Maintenance fee for the account dormant one year - Closure of the account	free of charge

2. PAYMENTS

2.1	Intrabank payments (book payments) in AMD and foreign currency
	- of the Individuals and Legal Entities having an account	free of charge
	- of the Individuals and Legal Entities having no account	free of charge
	- fast transfers	AMD 500
2.2	Interbank payments in AMD
	of the Individuals and Legal Entities having an account	free of charge
	of the Individuals and Legal Entities having no account
	- up to AMD 5'000	AMD 100
	- AMD 5'001-10'000	AMD 150
	- AMD 10'001-50'000	AMD 200
	- AMD 50'001-100'000	AMD 300
	- AMD 100'001 and over	0.1%, min AMD 500, max 5'000
	Fast transfers	0.1%, min AMD 500, max 10'000
	Amendment (cancellation including) of transfers in AMD	AMD 2'000
2.3	Payments in foreign currency
	OUR bank charges version
	For customers having an account in USD, EUR and other currencies	0.15%, min AMD 5'000, max 75'000
	For customers having no account (Guaranteed OUR)
	-in USD	0.15% +15'000, min AMD 20'000, max 75'000
	- in EUR	0.15% +30'000, min AMD 35'000, max 75'000
	SHA bank charges version in USD, EUR and other currencies (for all customers)	0.1%, min AMD 5'000, max 50'000
	Amendment (cancellation including) of payment in foreign currency	AMD 30'000
	Investigation of foreign currency payment	AMD 7'500
	* All additional charges claimed for the payment execution from Ardshininvestbank have to be paid by Customer No additional charges will be presented for the payments with OUR option in USD payments made in favor of RF Savings Bank customers (1) Transfers in RUR are accepted only through "OUR" bank charges version. (2) In case of transferring to Syrian, Cuban banks and branches thereof the payments are executed with SHA option only. (3) For non-account holder customers transfers sent to Iranian banks or their branches are executed with SHA option only. (4) For customers, having an account Ardshininvestbank, for USD payments only, can offer the service of Guaranteed OUR for which 10'000 dram is levied additionally to standard OUR charges

3. CHECK TRANSACTIONS

3.1	Purchasing /payment of foreign checks	Total amount of checks presented is charged
	Payment in cash currency against Traveler Checks	1%, min AMD 5'000
	Sale of "American Express" Traveler Checks	1%
	Payment against bank checks (serviced under collection base)
	- up to USD 20'000
	• payment in non-cash	2.5%, min AMD 5'000
	• payment in non-cash	2%, min AMD 5'000
	- USD 20'000 and over	by the resolution of the Bank Management Board
3.2	Sent for collection but not paid checks (settlement is made from the amount of each unpaid check)	2% min AMD 5'000, max 100'000
3.3	Extending the check books in AMD	AMD 2'000 or 2'500 depending on type
3.4	Extending of a check of foreign correspondent bank	AMD 5'000
3.5	Prepayment for service a bank check of a customer having no account with the Bank	2%, min AMD 30'000, max 100'000

4. INTERNATIONAL COLLECTION

4.1	Advising of collection order	AMD 15'000
4.2	Acceptance or payment of collection	0.25% min AMD 35'000
4.3	Delivery of the documents stand on collection without acceptance or payment	AMD 25'000
4.4	Return to correspondent bank of the documents stand on collection but unpaid by the Customer	AMD 40'000
4.5	Presenting of collection order, checking and delivery of collection documents	0.25% min AMD 50'000
4.6	Amending of collection instructions, including cancellation of order	AMD 30'000

5. DOCUMENTARY CREDITS

5.1	Letters of credits issued for beneficiary outside the RA (by currency freezing)*
	By confirmation of foreign financial institution (FFI)**	FFI interest rate + 0,5% annually, min AMD 40'000
	Direct letters of credit (without FFI confirmation)**	0,5% annually, min AMD 40'000
5.2	Letters of credits issued for beneficiary outside the RA ensured by other property.
	By confirmation of foreign financial institution (FFI)**	FFI interest rate + 3%, min AMD 40'000
	Direct letters of credit (without FFI confirmation)**	3% annually, min AMD 40'000
5.3	Payments referring to letters of credit according to documents applied	0.15% min AMD 5'000, max 75'000
5.4	Acceptance and inspection of documents
	Acceptance and inspection in case of non contradictions in documents	AMD 40'000
	Acceptance and inspection in case of contradictions in documents (to be charged from beneficiary)	AMD 75'000
5.5	Changes in terms of letters of credit	AMD 30'000
5.6	Notification of letter of credit issued for the Customer by other FFI	AMD 15'000
5.7	Transfer of letters of credit issued for the Customer by other FFI to the second beneficiary	3% annually, min AMD 40'000
* In case of replication of letters of credit insured by freezed currency with other pledge item the charge is made according to difference between fixed amount for letters of credits ensured by other pledge item and letters of credit ensured by currency freezing, as well as additional sum of AMD 30`000 is charged. ** Non-interest fees presented by FFI are charged separately.

6. BANK GUARANTEES

6.1	Any type of bank guarantees issued for the beneficiaries acting in the area of the RA with the provision(freezing) of cash assets, bonds issued by the Bank, standardized gold bullions, state treasury stocks, stocks issued by the CB of the RA*	0.5 % of the guarantee amount, min AMD 10’000, max 50’000
6.2	Bank guarantees for tender participation*	0.1 % of the guarantee amount, min AMD 10’000, max AMD 100’000
6.3	Bank guarantees for work accomplishment and prepayment provision*
	up to 366 days	1.0 % of the guarantee amount, min AMD 10’000
	from 366 to 548 days	1.5 % of the guarantee amount, min AMD 10’000
	from 548 days and more	2.0 % of the guarantee amount, min AMD 10’000
6.4	Bank guarantees for the quality of work done and others*	2.5 % of the guarantee amount, min AMD 15’000
6.5	Any type of bank guarantees issued for the beneficiaries acting outside the area of the RA with the provision(freezing) of cash assets, bonds issued by the Bank, standardized gold bullions, state treasury stocks, stocks issued by the CB of the RA*	0.5 % of the guarantee amount, min AMD 50’000 + the commission of the foreign financial institution**
6.6	Bank guarantees issued for the beneficiaries acting outside the RA with the provision of other assets	2.5 % of the annual guarantee amount, (monthly payments), min AMD 50’000 + the commission of the foreign financial institution**
6.7	Notification of banking guarantee	AMD 22'500
6.8	Change of banking guarantee	AMD 20'000
6.9	Fee for the guarantee issued by the Bank upon request	1.5 % of the guarantee amount, min AMD 50’000
6.10	Fee for application research	AMD 5'000
* In case of providing bank guarantees the charge for provision (issue) is made at the time of provision, lumpsum. ** Non interest fees by foreign financial institutions are charged separately. In case of replication of guarantee insured by freezed currency with other pledge item the charge is made according to difference between fixed amount for guarantees ensured by other pledge item and guarantees ensured by currency freezing, as well as additional sum of AMD 30'000 is charged. These rates are also valid for Stand by LC.

7. TRANSACTIONS IN FOREIGN CURRENCY AND SECURITIES

7.1	Deposit of foreign currency in cash to the Customer’s account
	USD	0.0%
	EUR	0.0%
	GBP	1.0%
	CHF	1.0%
	RUB	1.0%
7.2	Payment in USD, EUR, GBP, CHF, RUR cash currencies to resident and non-resident customers and correspondent banks	0.5%
7.3	Intrabank exchange of foreign currency	the Bank rate
7.4	Substitution of ramshackle and damaged bank-notes in USD, EUR, RUR	3%
7.5	Transactions in the RA state securities and service the DEPO account
	- Opening a DEPO account	AMD 2'000
	- RA state bonds acquiring from the primary placement auction at the request of Investor	0.05% of the passed part of bid of the transaction price
	- Sell of the RA state bonds on the REPO auctions at the request of Investor	0.05% of the passed part of bid of the transaction price
	- RA state bonds acquiring from the Bank or selling to the Bank by the Investor	AMD 1'000 per each bond issued
	- Extending the orders that meet the main conditions fixed by RA state bonds depository	AMD 500 per each order

8. CASH TRANSACTIONS IN AMD

8.1	Deposit of cash to the customer’s AMD account	free of charge
8.2	Withdrawal of cash from the customer’s AMD account	provision of cash in AMD at the amount of the positive balance of cash inflows and outflows during the previous 30 days – 0.1% in other cases – 0.3%
8.3	Substitution of ramshackle and damaged AMD bank-notes	free of charge
8.4	Extending the cash within two days to the persons realizing specialized burse activity for account of cash funds in AMD deposited by them to their account	0,05%

10. CREDIT OPERATIONS

10.1	Payment against scrutinizing the credit request
	- "Express" credits, entrepreneurial credits, bank guarantees, credits extended under "Rural Areas Economic Development Program" and "Rural Enterprise and Small-Scale Commercial Agriculture Development Project"	AMD 5'000
	- Credits for traveling or recreation	AMD 1'500
	- Credits for tuition fees	AMD 1'500
10.2	Payment against maintenance of credits*
	"Express" credits
	- for credits under amount of AMD 2'000'000	AMD 20'000 lumpsum
	- for credits within an amount of AMD 2'000'001-5'000'000	AMD 30'000 lumpsum
	- for credits within an amount of AMD 5'000'001-8'000'000	AMD 50'000 lumpsum
	- for credits within an amount of AMD 8'000'001-10'000'000	AMD 80'000 lumpsum
	Collateral credits (under gold pledge)	AMD 500 for the credits up to AMD 100`000 for credits more than AMD 100`001 - AMD 500 + 0.5%, but not more than AMD 10'000
	Consumer loans for the purchase of consumer commodities (consumer techniques or other goods)	AMD 5'000
	Credits extended for car acquiring	AMD 20'000, 40'000 depending on the size of credit
	Mortgage loans	AMD 20'000 lumpsum
	Credits for traveling or recreation	AMD 1'500
	Credits for tuition fees	AMD 3'000
	Entrepreneur's (business) credits	0.3% lumpsum, min AMD 10'000 , max AMD 500'000
	Credits extended under "Rural Areas Economic Development Program" and "Rural Enterprise and Small-Scale Commercial Agriculture Development Project"	commencing with the second year, 0.5% of the each year year-end balance of the credit
	Credits extended to individuals that are engaged in agriculture	AMD 10'000
10.3	Fee for concluding the main agreements (for credits with a period of 3 and more years)
	- For the credits up to AMD 10'000'000	AMD 25'000 lumpsum
	- For the credits over AMD 10'000'000	AMD 50'000 lumpsum
* Noted fees are not charged for program credits' extension (IMO, SMEDP, ARSP).

11. "BANK-CUSTOMER" SYSTEM

11.1	Installing of System at the Customer	free of charge
11.2	Monthly maintenance fee	The first month - free of charge, the next months - AMD 6'000
11.3	Information and consultance provision via phone and, if necessary, specialist visit for the purpose of bank-customer system installation and training	free of charge
11.4	Generating and extending of electronic signature carrier	free of charge
11.5	Generating and extending of a new electronic signature carrier (if lost or damaged)	AMD 10'000

12. DEPOSITORY SERVICES

12.1.	Account Opening
	- for Individuals	AMD 2'000
	- for Legal Entities	AMD 5'000
	- Depo account service	free of charge
12.2.	Credit of stocks to Customer's depo account	free of charge
12.3.	Transfer of stocks
	- intradeposit transfer of stocks	AMD 2'000
	- transfer of stocks as a result of brokerage contract signed with the Bank	free of charge
12.4.	Restriction and/or pledge of stocks
	- restriction and pledge of intradepositary stocks	AMD 2'000
	- trade restriction	AMD 1'000
	- trade restriction as a result of brokerage (dealer) contract signed with the Bank	free of charge
12.5.	Suspension of stock restriction and pledge
	- Suspension of intradepositary stock restriction and pledge	AMD 1'000
	- suspension of trade restrictions	AMD 1'000
	- suspension of trade restriction as a result of brokerage (dealer) contract signed with the Bank	free of charge
12.6.	Provision of excerpts and references	based on currently levied tariffs for bank accounts

14. OTHER SERVICES

14.1	Safekeeping of values, valuables and documents received from Individuals and Legal Entities (on a monthly basis)
	- In case of declared or estimated amount
	• safekeeping up to 15 days	0,2% min AMD 3'500 monthly max AMD 150'000 annually
	• safekeeping over 15 days	0,2% min 7'000 monthly max AMD 150'000 annually
	- for each day of depositing, recalling, depositing – recalling transactions with documentary registration	AMD 500
14.2	Safekeeping of values in individual boxes
14.3	Bank consulting services	by arrangement

Commissions against the services extended by the Bank are levied in AMD only.
Terms and Conditions given may be changed at any time without prior notice.
The lumpsum funds chargedby the Bank are not subject to return, even in the case of refuse in extending the credit.
The customers ranked as “A” class customers in accordance with the Bank classification, will be offered privileged Tariffs. For separate customers, the Bank may also establish privileges fixed in the service agreement.
The Terms and Conditions given are applied to standard transactions realized by the Customer. In all cases when correspondent bank or intermediary bank participating in executing the transaction lay claim or charge Ardshininvestbank with additional commissions, Ardshininvestbank has a right of charging the account of the Customer with above mentioned commissions, in addition to the standard commission already paid by the Customer.

The Terms and Conditions given and list of services offered may be changed from time to time, of which the customers will be advised by the information service of the Bank, service operators, publications in press and other press-media.