A banking guarantee is an instrument securing due effecting of all contracted obligations, i.e. a protection from the risk of failure to complete such obligations.
In order to provide for payment of and performance of obligations agreed upon, the Bank will, at a Client’s request, issue a certain type of guarantee undertaking an irrevocable obligation to pay a given sum of money to the Beneficiary, should the Client fail to perform the undertaken obligation.
A Banking Guarantee is intended to the following:
Legal entities regardless of type of registration, having an account with ProCredit Bank.
Private individuals meeting the following criteria:
Citizens of Bosnia and Herzegovina with permanent residence in Bosnia and Herzegovina
Stable income, at least 3 months prior to filing an application for banking guarantee
100% deposit-secured banking guarantee
TYPES OF BANKING GUARANTEES OFFERED:
For legal entities
We offer the following types of guarantees to our clients dealing with importation of goods, arranging advance payments, taking part at tenders, dealing with contracting business, or having an obligation to pay indirect tax (import-export duties, excise, etc).
- Payment guarantees
- Advance guarantees
- Customs guarantees
- Tender guarantees
- Performance bonds
- Warranty period guarantees