Bank Guarantee/ Bid Bonds / Performance Bonds

These are products offered to our clients to enable them bid for business tenders, especially Government tenders which require a bank to guarantee the bidder for a given period, usually 30 days from the tender validity date.

We can also provide other types of guarantee such as guarantee on payment of goods and / or services.

Benefits

• For some contractual agreements, guarantees are a requirement.
  
• These products provide an assurance to the third party, and therefore increases the opportunities for business to the customer.