What is Bank Guarantee and Types of Guarantees

A bank guarantee is the most common way of managing different types of risks in business activities. Bank guarantee decrease the risks arising from contract and avoid risks related to prepayments. A bank guarantee, guarantees a sum of money to a recipient. The sum is only paid if the opposing party doesn’t fulfill the predetermined obligations under the contract. This can be used to effectively escape a buyer or seller from loss or damage.

Get Bank Guarantee with Letters of Credit Services

We understand very well the importance of a reliable partnership with your business partners at home and abroad. Therefore, we offer different types of bank guarantees which extensively improve your relations with your suppliers and customers and make sure payments, delivery and quality.