Bank guarantee

Commintment of the Bank based on based delivery, enterprise or agency contract

Commissioned by companies, we issue bank guarantees for specific beneficiaries based on a valid supply contract, contract for services or agency contract, in the context of which we undertake the obligation to make payments.

For example, we undertake to:

  • settle payment obligations arising on behalf of the supplier

  • repay the advance fee paid to the company

  • issue a guarantee as tender security based on a tender notice

  • settle the payment obligations upon enforcing the principal's warranty rights after the completion of construction works

  • issue a guarantee for the good performance of the obligations undertaken in the contract

  • settle payment obligations arising from any activity performed on the basis of customs guarantee / license / resolution

  • settle obligations arising from other contracts or legal relations

Should you need further information, our corporate client associates will be happy to assist you.

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