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Bank Guarantees and Letters of Credit

JSC «MB Bank» provides bank guarantees to the Bank's customers

The bank guarantee is a method of ensuring execution of monetary liabilities of the customer, when the Bank undertakes an obligation in writing to pay to the creditor (beneficiary) of the customer of the monetary amount due after submitting a claim in writing for its payment.

The guarantee is an additional security of the contract. In case of accomplishment by the parties of their contract commitments, payment on the guarantee does not occur.

The guarantee does not distract monetary resources from the circulation, allows participation in tenders/biddings, obligatory conditions of which are, as a rule, granting a bank guarantee.

A payment on the guarantee is made in accordance with the conditions, specified in the guarantee, if the customer failed to fulfill its contract obligations.


JSC «MB Bank» renders services for opening and servicing letters of credit to the Bank's customers

JSC «MB Bank» can grant to its customers a letter of credit for risk minimization of mutual settlements with partners.

Letters of credit are orders of the payer's bank to the payee's bank to make payments of funds to individuals or legal entities within the designated amount on the conditions, specified in this order, a form of settlements, which assumes work of two banks, at the same time failure to carry out conditions of the contracts, signed earlier, is completely excluded both from the part of the product supplier and from the part of the buyer.

 

JSC «MB Bank» renders banking services on release of guarantees, opening and servicing of letters of credit according to the Bank's tariffs for corporate customers.

On this matter, please, contact by phone: +7 (495) 646-21-10 or by e-mail: info@mbbru.com.