A Guarantee is a security instrument issued by a bank by which, upon its customer's request, it irrevocably undertakes to perform an obligation to effect the payment of the agreed amount on demand to the beneficiary of the Guarantee in order to indemnify him for any failure or default of the Customer.
Guarantees may be issued for various purposes, Expobank offers the following ones:
- Customs guarantees
- Advance payment guarantees
- Tender guarantees
- Performance guarantees
- Payment guarantees
- Retention money guarantees
- Maintenance guarantees, etc.
The Bank's charges for issuing guarantees as well as for considering the applications for obtaing guarantees shall depend on the amount of the requested guarantee, offered security instruments as well as one the volume of business and type of cooperation the Customer is trying to establish or has had with the Bank up to now.
For more information please contact the nearest Expobank JSC Belgrade branch or contact us at
INFOTEL 011 330 6 300
0800 330 300 (free of charge if dialed from landline)