The bank guarantee is provided for the purpose of securing the obligations of customers, including for the performance of construction and installation works, participation in tenders for the development of the project, as well as for other purposes that do not contradict the legislation.
up to 3%
Commission
Not limited
Loan term
Not limited
Loan amount
№ | Conditions | Bank guarantees | What is a bank guarantee? |
1 | Types of guarantees |
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A bank guarantee is a written obligation of the bank (guarantor) to the principal that the bank pays the amount of money in accordance with the terms of the obligation assumed by the guarantor, if the creditor of the principal (beneficiary) submits a written demand for payment of money to him. |
2 | Bank commission |
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3 | Guarantee period | Not limited | |
4 | Amount | Not limited (the total obligation of one borrower and a group of related borrowers to the bank in an amount not exceeding 25% of the bank's first-tier capital) | |
5 | Currency of the guarantee letter | In national and foreign currency | |
6 | Conditions |
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7 | Security |
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Service fee for bank guarantee is in link
Contract form1 | Application for Guarantee; |
2 | the founding documents of the client receiving the letter of guarantee (the decision on the consent of the founder, the Charter, the order for the director). |
3 | a business plan that includes the entire period of use of the guarantee, indicating the cash flow analysis; |
4 | the balance sheet for the last reporting period submitted to the relevant tax inspectorate (Form No. 1), the report on financial results (Form No. 2), as well as reconciliation acts on debts for a period of more than 90 days; |
5 | audit report on the results of the last financial year; |
6 | Letter of guarantee security documents (provided security must cover 125 percent of the guarantee amount) (pledge of liquid property or securities, cash, insurance policy of insurance against the risk of non-fulfillment by the principal of the obligation under the guarantee); |
7 | Other required documents for a letter of guarantee. |