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Unit 12. The bank loan

It now seems likely that the giant RSA multinational will soon begin the manufacture of scanners, having just received planning permission for a new plant. In order to finance their new plant in Victoria department, RSA must raise the necessary capital. To do this, they could:

  • sell more shares;

  • apply to an industrial consortium for a loan;

  • apply to the Yerevan State Bank for a loan.

The State Bank applies special conditions to Armenian-owned companies that want to develop inside Armenia. RSA feel that they are doing a public service by investing in a high unemployment area like Victoria. They also have the support of Mr. Armen Augonesyan , the Armenian Economics Minister. For these reasons, RSA are hoping for a loan from the State Bank on very favourable terms.

RSA’s Finance Manager, Tigran Timonyan, is going to a meeting with the Yerevan Credit Manager of the State Bank to find out what kind of loan he could expect.

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The Yerevan State Bank has the most beautiful banking premises in the world. It also has thousands of millions of dollars. Dollars your company might be able to put to good use. Whatever the size of your business, from one-man-band to multinational combine, the Yerevan State Bank can help you with finance.

Come and tell us about your needs. We consider every case, from a new company car to a multimillion-dollar plant. We can offer medium or long-term loans, overdraft, leasing and hire purchase facilities – whatever is best for your company. Get in touch with our Credit Manager now. Hr can advise you on all the services we offer.

1. Complete the words from the right-hand column.

an association of several companies c____________

terms that favour the customer are f____________

ready and able to function o____________

the money paid on a loan, usually expressed as a percentage i______

a judgment of numbers or amount e____________

to keep to an agreement a _____ to

one repayment on a loan i___________

very large h______

fair and sensible r__________

2. Fill each gap in the following passage with an appropriate word.

RSA have just received planning ______ for a new plant. In _____ to finance their new plant __ Victoria department, RSA must _____ the necessary capital. ___ do this, they could:

  • sell more _____;

  • apply to an industrial _______ for a loan;

  • apply to ___ Yerevan State Bank for a ____.

The State Bank applies special _____ to Armenian-owned companies that _____ to develop inside Armenia. RSA ____ that they are doing a _____ service by investing in a ____ unemployment area like Victoria. They ____ have the support of Mr. Armen Augonesyan , ____ Armenian Economics Minister. For these _______, RSA are hoping for a ____ from the State Bank ___ very favourable terms.

RSA’s Finance _______, Tigran Timonyan, is going to __ meeting with the Yerevan Credit Manager ___ the State Bank to find ___ what kind of loan he ____ expect.

3. Match the expressions with the functions.

interrupting (3)

evasion (4)

contradiction (3)

I’m afraid I can’t say that at the moment.

Excuse me for interrupting you.

But that really isn’t quite right.

I don’t see how it’s possible to say that.

I really can’t give the answer to that at the moment.

But on the other hand…

Sorry to butt in…

That’s something we’ll have to go into later on.

Could we talk about that later?

Do you mind if I say something here?