ProCredit Bank offers all major types of bank guarantees tailored to the specific needs and contractual relationships of your business. A bank guarantee helps you provide the necessary security to your partners, suppliers, and clients and confidently fulfill your contractual obligations.
We also offer confirmation of bank guarantees issued in your favor by other banks.
Yes, we can issue a bank guarantee within 24 hours.
Unlike documentary credit, bank guarantees are not subject to confirmation. Alternatively, an undertaking issued in the form of a bank guarantee may be confirmed by issuing it against a counter-guarantee from another bank.
Should a complying demand for payment is presented in the event of non-performance of certain obligations, the Bank shall pay the Beneficiary the amount claimed in due time in accordance with the terms of the specific guarantee.
You can require your counterparty to provide you with a guarantee from a bank that you consider sufficiently trustworthy based on its credit rating.
