Ameriabank offers bank guarantees to secure successful consummating of your transactions. A Bank guarantee is a written commitment issued by the bank upon request of one of the parties to transaction, whereby the bank undertakes to pay a specified sum to the beneficiary in cases envisaged by the guarantee.

 At your request the Bank will also issue an indirect/confirmed guarantee in which case a foreign partner bank issues a guarantee in favor of the beneficiary against the counter-guarantee of the Bank.

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Advantages of Bank Guarantee:

• Economical: bank guarantees are quite cost-saving as compared with bank loans

• Safe: reduction of risks inherent in transaction

• ADVANCE PAYMENT GUARANTEE

The bank undertakes to reimburse the advance payment to the buyer, if the seller fails to perform the contractual obligations.

• PERFORMANCE BOND

This is a guarantee whereby the bank provides financial remedy to the beneficiary in the event the seller/service provider fails to perform the contractual obligations in due manner.

• BID BOND

This guarantee serves to recover expenses incurred by the organizer of tender, if the contract winner refuses to execute it and a new tender is announced.

• PAYMENT GUARANTEE

Payment guarantee ensures execution of payment under the underlying transaction.

• CUSTOMS BOND

A special type of guarantee issued in favor of customs service to secure payment of customs dues.

• STANDBY L/C

 

Standby documentary credit is a bank guarantee issued in the form of a Letter of Credit to cover potential risk of failure to meet liabilities.

 

• Terms of Bank Guarantee
  
  
• List of Documents and Information Required for Bank Guarantee Issuance 
  
  
• List of insurance companies cooperating with Ameriabank
  
  
• List of appraisers cooperating with Ameriabank
  

 

The bank guarantee is issued:

based on the funds deposited by the client,

if secured by collateral (for additional details please visit the loans page).

 

 

When applying for a loan, make an informed decision