Bank Guarantee

SME

Grow your business by providing your suppliers and vendors with certainty of payment with our Bank Guarantee

A bank guarantee is an irrevocable obligation issued by the bank on behalf of its customer (known as Applicant) whereby the bank stands as a surety in favor of a third party (Beneficiary) for whom the bank customer is providing goods or some services. In case of default on the part of the Applicant in honoring its obligation towards the beneficiary, the bank is bound to pay the amount claimed by the Beneficiary up to the guarantee amount.

Bank One proposes you various types of guarantees depending of your needs:

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Bank Guarantee

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