A bank guarantee is a written obligation of a bank to pay a guaranteed amount to a creditor (beneficiary) in the event of a written request indicating that the debtor (principal) fails to fulfill its obligations under the terms of the guarantee.
Guarantees serve as additional security for the financial interests of the parties involved in trade transactions. Guarantees can significantly reduce the risks of non-payments and non-deliveries.
The bank's credit rating is at uaAAA with a stable outlook, which gives an advantage to issue guarantees to fulfill obligations to national companies that have requirements for the bank's rating, namely: JSC Ukrgasvydobuvannia, JSC National Joint Stock Company Naftogaz of Ukraine, JSC Ukrtransgaz, JSC UKRTRANSNAFTA.
Types of guarantees that you can apply for in JSC "COMINBANK":
Tender guarantee ("competitive bidding guarantee") — is an obligation of a bank issued at the request of a bidder who has expressed a desire to participate in a tender and submitted its bid to the tender organizer to pay a specified amount in favor of the organizer in case of violation of the tender terms by the bidder.
A guarantee of fulfillment of contractual obligations (contract) is used to ensure the faithful fulfillment of contractual obligations, i.e. to ensure the delivery of goods, performance of works or provision of services in a timely manner, in full and in accordance with the contract.
Guaranteed refund of advance payments
The guarantee of fulfillment of contractual obligations (contract) is used to establish relations with new business partners - to ensure the return of the advance payment to the buyer in case the seller fails to fulfill its obligations under the contract.
A payment guarantee secures the payment claims of one party to a contract (the seller) against the other party to the contract (the buyer) in the event that the seller has delivered goods but has not received payment in accordance with the contract.
The travel guarantee ensures the civil liability of travel operators/travel agents to citizens - consumers of travel services.
For more detailed information, please contact the specialists of JSC "COMINBANK" by sending a request to: firstname.lastname@example.org, asking a question in VIBER or TELEGRAM or by calling 0 800 501 200, int. 33-62 (calls are free within Ukraine).