Bank Suretyships and Bank Guarantees

In the course of activities within the economy in general, and while engaging in foreign trade transactions, concerning credit operations in particular, the parties involved are often in need of suretyships and guarantees offered by banks, to make their import and export commitments, bill of exchange etc. safer for the recipients and thus more acceptable and marketable.

With a multitude of diversified suretyships and guarantees CIB is pleased to be of service to corporate customers, provided they meet the requirements of collateral of creditability.

• Tender Guarantee - covering tender commitments
• Advance Repayment Guarantee - covering advance payment
• Performance Bond - covering performance of contract
• Payment Guarantee - covering payment of purchase value

Other guarantee types

• Guarantee in favour of VPOP (Hungarian Customs Authority) - covering payment of customs duty
• guarantees securing the future payment of lease fees and financial implementation of lease agreements

Contact

Our specialists at the Guarantee Department are at the disposal of our customers in issuing and handling any other type of Guarantee and Suretyship.

For further information please contact our experts on phone number (36-1) 423-2523 , and fax no. (36-1) 489-6546.