Letter of Guarantee
“Stable relationships with my business partners are essential for me. What does ProCredit Bank offer me for this?”
The letter of guarantee is the instrument that helps you to build a solid partnership. Through this product, ProCredit Bank assumes, together with you, the payment obligation towards your business partners, and because the needs of your company are various, we offer you several types of letters of guarantee: “bid participation bond”, “retention bond”, “payment bond”, “performance bond”, “temporary admission bond” etc.
- They answer any need, and they are issued both in LEI, and in EUR;
- The issuance formalities are simple and rapid, thus being time-saving;
- You choose whether the issuance is based on a collateral deposit or a credit line;
- No additional fee for emergency issuance of letters of guarantee based on a collateral deposit.