Bank Guarantee

Bank Guarantee

Bank acting as a guarantor of liabilities

Currency
֏, $, ₽, €
Interest rate
starting at 0.5%
Repayment term
12-36 months

General

General
Tariffs
Documents
Bank Guarantee

Bank Guarantee

By providing this type of service the Bank guarantees performance of your obligations, which raises the confidence of your partner for you; in case you fail to perform your obligations, "ID Bank" will pay the sum specified in the Guarantee Agreement to the beneficiary, upon its first demand. The service is provided on beneficial terms, so far as the rates for bank guarantee are much lower than the rates for loans. The guarantee provided by "ID Bank" CJSC is the insurance of successful completion of your deal.

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Bank Guarantee - Special offers
Types of guarantees
Under pledging funds deposited with the Bank/the right to claim funds, bonds issued by the Bank,

under pledging other funds
Purpose of guarantee
For participation in the tender, performance of the contract, payment, prepayment or other purposes
Guarantee of participation in tender
a) Under pledging funds deposited with the Bank/the right to claim funds, bonds issued by the Bank: Starting from 0.5% in a lump sum, minimum AMD 50,000

b) under pledging other funds: Starting from 1% in a lump sum, minimum AMD 75,000
Other types of guarantee
a) up to 12 month maturity: Under pledging funds deposited with the Bank/the right to claim funds, bonds issued by the Bank-Starting from 0.5% in a lump sum, minimum AMD 50,000

b) For a period of more than 12 months-Starting at 1% per annum, minimum AMD 50,000 per annum
Other types of guarantee
a) up to 12 month maturity: under pledging other funds-Starting from 1.5% in a lump sum, minimum AMD 75,000

b) For a period of more than 12 months-Starting at 2% per annum, minimum AMD 75,000 per annum
Approval/issuance of guarantee by intermediary bank
Contractual
Change of guarantee conditions or termination of guarantee (withdrawal)
25,000 Armenian drams.

In case of an increase in the amount or extension of the validity period, the commission fee for issuing corresponding guarantee will also be charged with the increased part
Payment on demand under guarantee
0,15% minimum 50,000 Armenian drams
Service of guarantees issued by other banks in favor of the Client: Notice of guarantee and each change
25,000 Armenian drams
Service of guarantees issued by other banks in favor of the Client: Issuing a guarantee under another bank's counter-guarantee
Contractual
Service of guarantees issued by other banks in favor of the Client: Drawing a claim under the guarantee
50,000 Armenian drams
Information regarding credit history and credit score
You can learn about the importance of credit history and credit score here․

Details via abcfinance.am and acra.am links.

Tariff archive

Tariffs valid from 21.05.18-11.04.23
74.78 KB
Bank guarantee application
142.50 KB
Required documents
430.21 KB
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Information updated 04.12.2023 05:18
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