In total, since the beginning of 2016, ComInBank has issued more than 500 bank guarantees totaling UAH 88 million, which is four times more than during the period of the second half of 2015.
"Our unconditional advantage is the absence of collateral and the minimal number of documents required for prompt decision-making, as well as the bank's readiness to meet the client halfway in discussing individual tariff matters", — comments Yevhen Dmytrenko, Head of the Documentary Operations and Trade Finance Department of ComInBank.
In addition to bank guarantees, ComInBank also provides tender guarantees for clients' participation in various competitive bids. "It should be noted that clients have started to use tender guarantee services almost twice as often as in the same period last year," — notes Ye. Dmytrenko.
Bid guarantees are most often used by clients in such business areas as auto service and auto parts trade, medicine, road repair, enterprises in the energy sector, and IT. In addition to tender guarantees, the bank also provides payment guarantees, guarantees of performance of contract terms / return of advance payment, and guarantees for travel agents and tour operators.
Professionalism and an individual approach to the client allow the bank to maintain a high level of confirmations on the requested guarantees — more than 90% of positive decisions.
