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Банковские гарантии

The Bank provides the following types of guarantees:

• Bid Bond (Tender Guarantee) - securing payment requirements of the tender organizer in relation to the Principal.
• Advance Payment Guarantee - the Bank's obligation to return the advance payment (or its unused part) in case the Principal fails to fulfill its obligations to supply goods, services, etc., as stipulated in the contract.
• Performance Bond - the Bank's obligation to pay the Beneficiary the agreed amounts, penalties upon its request in case of non-fulfillment or improper fulfillment by the Principal of its obligations under the concluded contract.
• Payment Guarantee - the Bank's obligation to secure the Principal's payment obligations to the Beneficiary. This type of guarantee is used when settlements are made upon receipt of goods (services) by the Principal or in case of trade credit.
• Customs Payment Guarantee - the Bank's obligation to ensure payment of customs duties and fees. This guarantee is issued to importing companies to secure customs payments and amounts necessary for customs authorities, including expenses, penalties, etc.
• Counter-guarantee - a guarantee that can be provided by the Bank in favor of another Bank, including a foreign one, to secure a guarantee issued by that Bank to the Beneficiary at the Principal's request.

Guarantees are issued against:

• pledge of real estate;
• pledge of the Principal's own funds;
• pledge of third-party funds provided to secure the Principal's guarantee.

Your advantages when using a bank guarantee:

• risk minimization, security in settlements and fulfillment of contractual obligations;
• receipt of a guarantee payment in case of non-fulfillment of the buyer's obligations in full or in part;
• opportunity to expand the counterparty base, increase product markets;
• possibility of receiving goods without prepayment;
• possibility of obtaining deferred payment for delivered goods from the seller;
• receiving compensation in the agreed amount in case of violation of delivery terms by the seller.

Detailed presentation here.

For all questions regarding letters of credit, guarantees and collection, you can contact:

Head office at: 80/1 Moskovskaya St. (intersects with Usenbaeva St.).

In addition, you are welcome at the Bank's branches both in Bishkek and in the regions of the republic. If necessary, the Head Office staff will provide all necessary consultations for branch clients by phone: 58 01 26 (ext. 2640), 0555 25 54 20

You can familiarize yourself with the tariffs here.