Bank Guarantees (BG)

Service Description

A bank guarantee is a lending institution's promise to cover a loss if a borrower (their customer) defaults on a debt to a third party. Exclusively issued by Bank in St. Lucia The guarantee lets a company buy what it otherwise could not, thereby helping business growth and promoting entrepreneurial activity. Whilst these guarantees can come in various forms our bank specialises in performance and financial guarantees only, which are exclusively not cash backed. Types of Bank Guarantee we offer; - Advance Payment Guarantee - Bid Bond Guarantee - Deferred Payment Guarantee - Foreign Bank Guarantee - Performance Guarantee Onboarding process; - Contact us to get the right form. - Please fill in the form, continue submit us your KYC, underlying agreements and other necessary documents. - After e-KYC and payment received, application will process and feedback will provided until completion.