Usually the Buyer / Borrower has to present a reaso-nable assurance of loan repayment.Тthe creditors require from the borrower three (3) years audited financial statements typically by one of the big accounting firms. If this cannot be met, a local bank or company that can meet these credit standards needs to act as the borrower or guarantor on the transaction.
An ordinary practice is, the creditor (EXIM Bank) is open in the mediumterm (up to 5-7 years for capital goods). For private sector transactions, the creditor will consider it with financial institutions or other entities that are able to provide detailed financial information sufficient to enable the creditor to reach a credit conclusion. This is our task. Financial statements must contain all assessments, including financial risk, which is of particular positive impor-tance. All these instruments support of the trans-action and should be audited by an international accounting firm and prepared in accordance with International Financial Reporting Standards. The statements should reflect historical material bank borrowings, if any