A simple, safe and flexible solution dedicated to reducing the risks associated with commercial or financial transactions
BCR, as the most important financial group in Romania, a member of Erste Group, with an extended network of correspondent banks at international level, has a vast experience in the field of letters of guarantee and provides personalized solutions for satisfying your requirements, regardless of the field or the market you are active in, as well as quality services and attractive costs
By contacting our specialists, you will benefit from the best know how in developing your business
Bid bond: condition for taking part in tenders, ensures the firm character of the offer and the reliability of the tenderer, guaranteeing that the purchaser will receive upon request the payment of a certain amount, as a percentage of the offer, in the event that the tenderer is under any of the situations provided in the guarantee.
Performance letter of guarantee: required up to the delivery of goods/provision of services, guaranteeing the payment of a determined amount of money as a percentage of the contract value, upon request of the purchaser in the event that the contractual obligations have not been fulfilled
Advance payment letter of guarantee: covers the seller's obligation to refund, in the event of non-performance, the amount or amounts paid in advance by the purchaser
Letter of guarantee for technical warranty/contractual retentions: required up to the end of the technical guarantee period to guarantee the payment of a certain amount of money determined as a percentage of the contract value, upon purchaser’s request in the even that the obligations were not-fulfilled during the technical guarantee period. May be associated with advance payment of retained amounts.
Letter of guarantee for guaranteeing loans: allows the requester to obtain banking services for subsidiaries, affiliated or personal companies in other countries.
Letter of guarantee for customs duties and other public debts: covers your obligation to pay customs duties and other due taxes and fees related to the import of goods or equipment, both in Romania and abroad.
Payment letter of guarantee : covers your payment obligations under certain contracts. Since the letter of guarantee provides financial benefits to the seller, you will be able to negotiate favorable conditions for you, such as a longer payment term, a reduced cost of products etc.