Banking guarantee is a tool of non fund based financing, which does not require withdrawal of funds due to its nature and enables the applicant to avoid prepayment for goods/ services; and, consequently, provides saving of funds and/or their usage for other purposes. It is also a convenient tool of proper and timely performance of the contractual obligations in relations with its counterparties.
We also offer standby letter of credit, which, like the guarantee, secures the obligation to pay or perform other contractual obligations.
Package of documents and type of application form for banking guarantee depend on the structure of the security. You can obtain this and other information by contacting SME manager in your city/town.