A bank guarantee is an instrument that secures payment for all contracted business obligations, i.e. it offers protection against the failure to fulfil such obligations.
In order to guarantee payment, ProCredit Bank will, upon the client’s request, issue a 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 bank guarantee is intended for the following:
Legal entities, regardless of the type of registration, that hold an account with ProCredit Bank.
Private clients that fulfil the following criteria:
TYPES OF BANK GUARANTEES:
For legal entities
We offer the following bank guarantees for the import of goods, to arrange advance payments, to take part at tenders, to deal with contractors, or obligations to pay indirect tax (customs duties, excise, etc.):
- Payment guarantees
- Advance guarantees
- Customs guarantees
- Tender guarantees
- Performance bonds
- Warranty period guarantees