x

ONLINE UPDATE OF DATA
For OTP Bank clients

For updating personal data or company data and legal / conventional representatives

Click here

Because you need safety 

in business we provide you with a convenient instrument that you can use when you work with new partners or partners who need solid guarantees.

 

This deposit is particularly useful in the case of contracts with state institutions, where this work method is mandatory and regulated by law.

 

Reassure your business partners that you will comply with all your obligations under the contract by opening a performance guarantee deposit with OTP Bank. In addition, you can make sure that your suppliers will fulfil the agreements if they have set up a performance guarantee deposit with our bank. 

How does this product work?

The performance guarantee deposit is set up by the contracting party (products supplier/service provider/contractor) in order to assure the beneficiary of the quantity, quality, timely fulfilment of the product supply, service provisions, works contract, and in the guarantee period, if applicable, in accordance with its provisions or with the tender documentation of the contract. 

What does the performance guarantee deposit offer you?

otp bank

The deposit is available in RON, EUR and USD;

otp bank

Fixed annual interest on the amount deposited;

otp bank

The deposit amount and term are determined according to the contract provisions signed or the tender documents.

 

For more information please refer to the interest rates for Legal Entities.

 

The performance guarantee deposit provides safe growth conditions for your business!

 

OTP Bank Romania S.A. is a participant of the Bank Deposit Guarantee Fund in Romania and its depositors benefit from a guarantee, by payment of compensations, of eligible constituted deposits, within the coverage limit as established periodically by law, currently amounting to the lei equivalent of 100.000 EUR for each account holder. This level of coverage was established by Law No. 311/2015 concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, as published in the Official Journal No. 918 from December 11th, 2015. According to law, the notion of a „deposit” means any credit balance, including the interest due, resulting from funds in an account or in transitory situations, deriving from current banking transactions, which the bank should repay, according to applicable legal and contractual conditions, including term deposits and savings accounts and which are not included in the list of situations mentioned in the Law specifically as not entering the category of these deposits (art. 3 (5)) of the law mentioned, detailing the credit balances which are not included in the deposit categories defined above). The notion of a „coverage limit” is the maximum level of the guarantee per guaranteed depositor and bank, applicable according to art. 61 par. (3).

 

Additional information for depositors is available under section „Information for depositors”, including the list of deposits excluded from guarantee.

For more details please visit the website: www.fgdb.ro.