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Bank guarantees

Guarantee - is an irrevocable commitment of a guarantor bank (Piraeus Bank) before a guarantee recipient (beneficiary) to pay the guaranteed amount on behalf of requesting party (the principal) against a written demand of the beneficiary in case of non-fulfillment by the principal of the contractual liabilities before the beneficiary.

A banking guarantee allows to neutralize the risk of non-fulfillment of financial/contractual obligations and does not require withdrawal of funds since it is a tool of non-cash funding.

 

We offer the following types of Bank guarantee:

  1. Tender guarantee
  2. Touristic guarantee (guarantee civil liability tour operator / travel agent)
  3. Other types of guarantees: Payment guarantee, Performance guarantee, Advance payment guarantee

 

 

For the guarantee receiving need to do just a few steps:

Step 1. Provide the necessary documents to the bank and sign the Application for Guarantee.
Step 2. Sign a deposit Agreement/sign Additional agreement to the deposit Agreement or Conclude surety Agreement, or make deposit money at the expense of cash coverage (depending on the security under guarantee).
Step 3. Sign the Agreement on Provision of the Bank Guarantee.
Step 4. Pay the fee for the guarantee issuance.
Step 5. Receive letter of guarantee.

 

You can order a call and our specialist will contact you at a convenient time for you
0 800 30 888 0
(calls from fixed line phones within Ukraine are free).
Did you know...
Piraeus Bank
was founded in 1916
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General Shareholders Meeting approved the results of private shares’ placement and share capital increase for the amount of UAH 449 482 000
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Bank license ¹91 as of 17.10.2011
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