Local Bank Guarantees - the bank can issue performance guarantees and bid bonds to third parties e.g. GOK, parastatals etc. to enable our customers undertake contracts.
Application for Guarantee
Mandate for cash collateral
Format for Guarantee
Tender validity period
Letters of credit facilitate the business’ import/export requirements in respect of raw materials, vehicles, plant and equipment.
The bank accepts a cash margin of 30% to issue Bid Bonds to third parties.