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Bank Guarantees

Security for Your Payment Obligations.

Service Overview

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Reliable security for your contractual obligations

The Bank issues a guarantee to the beneficiary, confirming your obligations under the agreement concluded with the beneficiary. If the obligations are not fulfilled, the beneficiary may submit a claim to the Bank, and the Bank will make payment within the term and amount specified in the guarantee, not exceeding the guaranteed sum. This ensures transaction security for all parties involved and provides confidence that the contractual terms will be duly met.

What we offer

By issuing a guarantee, a bank provides payment on behalf of its client, undertaking to settle a substantiated claim presented in writing.

  • For Local and International Partners

    Issuance of guarantees in favour of our clients’ counterparties in accordance with the submitted bank guarantee application.

  • For Foreign Correspondent Banks

    Issuance of guarantees to foreign banks, which subsequently provide guarantees to your business partners abroad.

  • Advising on Received Guarantees

    Notification to our clients regarding guarantees received from foreign banks based on instructions from your counterparties.

Support

Frequently Asked Questions

Which type of guarantee do you need?

Payment Guarantee – if you, as an importer, pay for goods after a specified period following their delivery.

Advance Payment Guarantee – if you receive an advance payment from a buyer and the buyer requires assurance that the advance will be refunded in case of non-delivery or improper performance.

Tender Guarantee (Bid Bond) – if you participate in a tender or procurement procedure.

Performance Guarantee – if you have entered into a contract that requires you to provide a performance guarantee in accordance with its terms.

Which bank should issue the guarantee?

The guarantee may be issued either by our Bank or by a foreign bank, depending on the transaction requirements.

What collateral does the Bank accept when issuing a guarantee?

  1. Cash collateral in the full amount and currency of the guarantee, maintained for the entire validity period of the guarantee.

  2. A deposit placed with the Bank in the full amount and currency of the guarantee, for a term exceeding the guarantee validity period by at least two days.

  3. If you are unable to provide full cash coverage or place the required deposit, you may apply for a credit limit. As collateral, we may accept real estate and other assets, subject to individual agreement.

Contact Us

Learn more about bank guarantees

If you would like to receive more information about bank guarantees, please complete a short application form and we will get in touch with you.