The issuing of letters of guarantee and letters of credit is offering you the foundation for commercial relationships based on complete trust.

Letters of guarantee

  • represent the bank's commitment to pay a sum of money to the beneficiary (third party, local or foreign) in the event that the customer fails to honor its obligations in accordance with the terms and conditions of the contract
  • the bank offers several types of letters of guarantee, both in ROL and foreign currencies, such as:
    • bid bond
    • performance bond
    • advance payment LG
    • custom LG
    • counter guarantee
    • payment LG

Letter of credit

  • written undertaking given by the bank to the supplier, on client's instruction to pay either at sight or at a determinable future date, a stated sum of money upon presentation of documents specified in the letter of credit and fulfillment of all terms and conditions specified in the L/C
  • the bank offers a range of export - L/C related services: advising , confirmation, transfer
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