Bank Guarantee is an irrevocable commitment by a bank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requester’s default.
Bank Guarantees
• Tender bond
• Performance bond
• Advance payment guarantee
• Retention bond
• Money guarantee
- Suitable for job contracting, activities and other tender requirements
- Can be issued for specific business needs
Value proposition
• Can be issued to guarantee a specific action/need to an external party
• Helps you win/secure contracts
Extra benefits
• Dedicated SME desk
• Customer-centric service approach
• Quick response and speedy approval
• Competitive pricing
• Close proximity to your office through our branches network
• Bancassurance available for all loan products