Bank Guarantees

Garantia Bancária
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A document issued by the bank on the customer’s request in favour of a third party, to whom the Bank (Suretyship) guarantees the performance of an obligation if the Customer fails to perform certain obligations under an agreement entered into by and between the customer and a third party.

  • Quarterly fee over the agreed limit; and
  • No funds are disbursed, so no interest is charged.
  • The customer has an agreement for the supply of goods and services with the beneficiary, which, in turn, requires an assurance that the transaction will be finalised;
  • The beneficiary supplies the customer with the terms for issue of the guarantee;
  • The customer then requests the bank to issue the guarantee; and
  • Tenor less than or equal to 1 year (renewable).

Apply by email to [email protected]