Letters of Guarantee
It is a loan application given by the bank to the persons and institutions they are dealing with in matters such as the delivery of goods, the execution of a job or the payment of a debt on due date in favor of real or legal persons residing in the country or abroad. In case the said undertaking cannot be fulfilled, the amount in the text of the letter is committed by the bank. All demanding companies can benefit from this loan.
- Confidence: When a letter of guarantee is given, our bank puts its prestige and reliability at the disposal of your company.
- Ease of Business-Cost advantage: Your company has the advantage of doing business and cost without tying capital.
- Guarantee: The relevant institution feels more secure because of the bank letter of guarantee.
Although it is not a non-cash loan, it is a product that is given to companies that will participate in construction, installation and repair tenders of public offices, showing their deposits and approved loans in our bank.