When you have a business
it is important to remove as many risks as possible in order to be able to achieve your goals.
OTP Bank has come up with a solution: the bank guarantee.
The bank guarantee may be lodged for an amount and a deadline set according to the provisions of the terms of reference or the contract concluded between you and the beneficiary. Depending on your needs, the following may be lodged:
- Performance bank guarantee;
- Payment guarantee;
- Tendering bank security;
- Any other type of letter of guarantee approved by the Bank.
For this product OTP Bank accepts any guarantee or mix of guarantees approved by the Bank, including collateral deposits.
The letters of guarantee may be issued also under a guarantee agreement or a limit for letters of guarantee, letters of credit, cheque endorsements, contracted beforehand.
The issuing flow is very simple and fast for letters of guarantee conforming to bank's standard, in an amount of up to RON 50,000, issued individually or under a guarantee agreement and fully secured by collateral deposits.
Please come to any OTP Bank unit for consultancy and more information about this product.
With this instrument, the business relationship with your partners will remain at high standards and your business will thrive!