Guarantee Commitments
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First Investment Bank makes different kinds of guarantee commitments to local and international entities.
Bank Guarantees
The Bank undertakes to pay in place if its customer a specific amount to the person specified in the letter of guarantee in compliance with the terms and conditions stipulated therein:
- Guarantees to local companies and institutions (banks included), providing for:
- Tender participation;
- Advance repayment;
- Performance;
- Customs Duties;
- Others.
- Guarantees to international entities and institutions..
Stand-By Loans
Financial facilities in the form of conditional loans for ensuring payments on letters of credit and bank guarantees. Usually conditional loans are granted under the terms and conditions applicable to short-term loans.
Warrant, Avail
Granted by assuming the warrant (availing) on a bill of payment, issued by first-rate clients of the Bank.
First Investment Bank AD requires the collateralization of the warrant commitments it undertakes to be made under the conditions applicable to the bank loans.
The cost of guarantee commitments is negotiated in compliance with the effective Tariff of the Bank.
Contact Phones
Coprorate Banking Department
(+ 359 2) 817 11 00
