For you as entrepreneurs it is also possible to request a bank guarantee from VCBBank for a business partner.
Providing a bank guarantee means that the bank undertakes to pay the amount stated in the guarantee to your business partner on first demand. The payment is made on behalf of and for account of you as an entrepreneur.
When issuing a bank guarantee, a so-called contra guarantee is signed by you as an entrepreneur and the bank.
A bank guarantee is valid for a certain period and for a specific amount.
There are different types of guarantees.
For more information, feel free to walk in at our headquarters or one of our affiliates.