Tell your partners also that it's worth working with you. The secret of a successful partnership is trust, and when it can be strengthened by solid evidence, everything seems much easier. OTP Bank offers you the possibility of setting up Performance Guarantee Deposits, which will help you both in relation to the beneficiaries of the services of your business, but also with the state institutions.
The Performance Guarantee Deposit is set up by the contractor (the product supplier / service provider / works performer) in order to ensure the beneficiary of the quantitative, qualitative fulfilment, during the agreed period of the contract for the supply of products, provision of services, execution of works and in the related warranty period, as the case may be, in accordance with its provisions or the contract award documents.
How to get a Performance Guarantee Deposit?
Similar recommended products
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 the law, the term „deposit” means any credit balance, including interest due, arising from funds existing in an account or from transient situations deriving from current banking operations and which the credit institution must reimburse, according to the applicable legal and contractual conditions, including term deposits and savings accounts and which are not found in one of the situations expressly mentioned in the law as not falling under the category of these deposits (art.3 (5) of the said law details the credit balances which do not fall under the category of deposits 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”, which includes the list of deposits excluded from guarantee.
More details can also be found on the website: www.fgdb.ro.