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External Guarantees

A Letter of Guarantee/Standby Letter of Credit is an irrevocable written undertaking ensuring that the Bank will complete the payment regarding the delivery of goods, execution of a service, payment of a debt or similar matters to the addressee on behalf of an individual or legal entity, residing inside or outside of Turkey, at the contractual amount, in the event of default, without the need to obtain the consent of the debtor and at the first written request of the addressee.

  • Tender/Bid Bond
  • Performance Bond
  • Advance Payment Guarantee
  • Payment Guarantee
  • Guarantee Bond
  • Stand-by Letter of Credit

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