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.
1% lump sum, minimum 30 000 Armenian drams,
b) for the amount above 20 million Armenian drams: Negotiable
1․5% lump sum, minimum 30 000 Armenian drams,
b) above 12 month maturity: 1% annual, minimum 15,000 Armenian drams per annum
2% annually, minimum 30,000 Armenian drams per annum
In case of increase of the guarantee amount or extension of the guarantee validity period, an additional guarantee issuance fee shall be charged pro rata the increased amount/extended period.