Bank guaranteesGuarantee for fulfillment of contractual obligations
What are bank guarantees?
When entering into a contract, it is important that your partner trusts you. A bank guarantee strengthens this trust. We guarantee the fulfillment of obligations on your behalf, while you focus on growing your business and your partners are confident that payments and conditions will be met.
Who needs a bank guarantee and why?
When contractual obligations for delivery of goods or provision of services are not fulfilled
Used to reduce potential losses for the buyer or seller.
Legal entities and individual entrepreneurs that have business cooperation agreements with partners can benefit from this product.
Which bank guarantee suits you?
Tender guarantee
Ensures that the seller complies with the obligations undertaken in the tender and eliminates the risk of refusing to sign the contract.
Customs guarantee
Secures fulfillment of the entrepreneur’s obligations for customs payments.
Counter-guarantee
Ensures that another bank provides a guarantee in favor of the beneficiary based on the customer’s application.
Retention money guarantee
Ensures payment of the retained amount to the seller during the contract term; if performance is breached, the amount is returned to the buyer.
Advance payment guarantee
If the seller fails to fulfill obligations, it ensures the return of the funds paid in advance by the buyer.
Payment guarantee
Ensures payment by the buyer to the seller for delivered goods or services.
Tax guarantee
Secures fulfillment of the entrepreneur’s obligations for tax payments.
Express tender guarantee
Provides security for fulfillment of tender obligations and reduces the risk of the contract not being signed. It is unsecured and provided on the day of application.
