Foreign Bank Guarantee

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A letter of Guarantee is a written undertaking by the Bank to compensate (pay a sum of money) to the beneficiary (local or foreign) in the event that the obligator fails to honor its obligation in accordance with the terms and conditions to set out agreement. Hibret Bank issues conditional or unconditional guarantee in recognition of the customer’s request. Hibret Bank issues unconditional guarantee

The following are a list of letter of guarantees that the Bank issues

  • Advance Payment Guarantee
  • Bid bond Guarantee
  • Performance guarantee