• Provides security of guaranteed payments
• A powerful tool for securing various obligations
• Ensures the ability of business customers to fulfill their contractual obligations
• Each stage of the transaction can be protected by a bank guarantee
• Opportunity to achieve better conditions for the commercial transaction
• Easily accessible banking product for commercial financing
  

Bank guarantees in local and foreign currency for:

• Payment
• Participation in an auction
• Good performance of the contract
• Advance payment
• Customs purposes
• Warranty service
• Loan collateral

The issued bank guarantees are :

• Secured by full cash coverage and by collateral other than cash funds
• Within a pre-agreed credit line

• Bank guarantee is a written irrevocable commitment made by the Bank for payment by order of a client - ordering party to a beneficiary for payment of a certain amount in case of non-fulfillment of obligations.
• It is not a separate form of payment, so it is often used in combination with a letter of credit and documentary collection.
• A tool for securing obligations under a commercial contract, not for payment.
• The obligation of the Bank is irrevocable and unconditional and does not give rise to a commitment for the Bank to perform the main contract.