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.
under pledging other funds
b) under pledging other funds: Starting from 1% in a lump sum, minimum AMD 75,000
b) For a period of more than 12 months-Starting at 1% per annum, minimum AMD 50,000 per annum
b) For a period of more than 12 months-Starting at 2% per annum, minimum AMD 75,000 per annum
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