Guarantees

A bank guarantee is a bank’s written commitment to pay the amount provided for by the conditions of the bank guarantee, to the party in benefit of which the guarantee is issued, in case the party by order of which the guarantee is issued, does not meet the contractual obligations.

A bank guarantee is not a means of payment; it solely gives the parties entering the contractual relations a confidence that the concluded transaction shall actually be executed.

Necessity for the use of guarantees:
We recommend you should use bank guarantees if you are:

• an importer not willing to pay advance payments: the guarantee will let you get a deferred payment; 
• an exporter, whose counterparty keeps off of making an advance payment for some reasons; 
• an official dealer/distributor requiring a deferred payment.

Advantages of Priorbank JSC guarantees:

• long-term and efficient experience of working with the product; 
• a well-known brand in the international banking and financial community as well as the experience of the Raiffeisen group; 
• experienced and qualified personnel; 
• broad network of correspondent relations; 
• competitive cost of the product as well as a short guarantee issuing term; 
• consulting support of customers; 
• possibility of issuing guarantees which do not require issuing counter-guarantees.

Standard products for SME:

Banking guarantees in favour of customs authorities of the Republic of Belarus for obtaining documentary stamps for imported goods that need excise marking

Banking guarantee in favour of customs authorities of the Republic of Belarus for delay of customs payments

Tender guarantee

Guarantee in favour of BAMAP